British Columbia’s home sales trended down across the board in March in price, transactions and dollar volume in what realtors are calling a “very challenging economic environment.”
The BC Northern Real Estate Board reported 825 sales in Northern BC with a value of $348,068,856 in the first quarter of 2026.
This compares with 911 sales worth $366,534,616 to the end of March 2025.
Sales in the BC Northern region in the first quarter of 2026 ticked downward from a slower previous quarter. The housing market activity was 9.1 per cent below historical average
The average sale price in Northen BC fell to $433,250, 0.7 per cent below the previous quarter.
The BCNREB said that worsening market activity may reflect ongoing weakness in the Northern economy, exacerbated by US tariffs that directly hinder several key regional industries.
Moreover, the Bank of Canada’s policy direction remains increasingly uncertain amidst sharp oil price shocks and weak economic conditions.
In the Fort St. John area, 132 properties worth $59.1 million changed hands in the first quarter of 2026.
The B.C. Real Estate Association says 5,766 homes in the province were sold on the Multiple Listing Service system last month — a 3.6 per cent slide from the same period last year.
The average home price on the system for March slid two per cent to just under $940,000.
The overall dollar volume dropped 5.6 per cent to $4.21 billion.
The association says the number of home unit sales for B.C. last month was significantly lower than normal, coming in 34.5 per cent below the 10-year average.
With files from The Canadian Press