BC Northern Real Estate Board Reports Balanced Market in May 2026 with Composite Benchmark Price at $441,400

BC Northern Real Estate Board — May 2026

In May 2026, the BC Northern Real Estate Board recorded a composite benchmark price of $441,400, with total sales reaching 431 units. New listings totaled 869, contributing to a balanced market condition with 4.8 months of inventory available.

Market Analysis

The real estate market in the BC Northern region remains balanced as of May 2026, with total sales of 431 units reflecting a 5.6% increase from the previous year. However, this figure is still 5.4% below the five-year average and 6.5% below the 10-year average for May. The overall inventory levels have stabilized, with active listings at 2,064 units, indicating that sellers are not retreating from the market despite the slight year-over-year price decline of 2.0%. The dollar value of all home sales in May amounted to $201.2 million, marking a significant 10.3% increase from May 2025, suggesting a healthy demand despite the pricing adjustments.

Property Type Analysis

In terms of property types, the benchmark price for detached homes stands at $460,800, while attached/townhouse units are priced at $278,000, and apartments at $243,400. The detached market shows a modest year-over-year increase of 1.8%, while townhouse prices have remained relatively stable with a slight decrease of 0.5%. Conversely, the apartment market has seen a notable increase of 6.1% compared to last year, indicating a growing demand for this property type.

Regional Highlights

Regionally, the number of new listings in May 2026 was 869, slightly down by 0.2% from the previous year but still above both the five-year and ten-year averages for the month. Active listings have decreased by 1.1% year-over-year, yet they remain 5.9% above the five-year average, suggesting a steady supply in the market. The months of inventory at 4.8 aligns with the long-term average, indicating a balanced market where buyers and sellers are finding common ground.

For Buyers

Prospective buyers should take advantage of the current balanced market conditions, as the number of active listings provides a variety of options. With prices showing modest fluctuations, buyers can negotiate effectively while considering their long-term investment goals.

For Sellers

Sellers are encouraged to list their properties now, as the stable inventory levels and recent uptick in sales suggest a favorable environment for selling. Properly pricing homes in line with current market trends will help attract buyers and facilitate a timely sale.