BC Northern Real Estate Board

The number of homes sold through the MLS® System of the BC Northern Real Estate Board totaled 225 units in February 2026. This was a substantial decline of 11.4% from February 2025.

Home sales were 6.5% below the five-year average and 8.6% below the 10-year average for the month of February.

On a year-to-date basis, home sales totaled 407 units over the first two months of the year. This was a decline of 4.5% from the same period in 2025.

“There was nothing out of the ordinary about our housing market in February. Home sales were running slightly below average for this time of year, and both new and overall supply levels were about on par with the average February,” said Victor Khong, Chair of the BC Northern Real Estate Board. “We are pleased to announce that we launched the MLS® Home Price Index to our members in February, which will offer timely and accurate pricing trends and information at a hyper-local level. Only REALTORS® have access to the most granular data available from this tool, which can help inform both sellers and buyers on local pricing trends in their area.”

The MLS® Home Price Index (HPI) tracks price trends far more accurately than is possible using average or median price measures. The overall MLS® HPI composite benchmark price was $429,400 in February 2026, increasing by 2.7% compared to February 2025.

The benchmark price for single-family homes was $446,800, a modest gain of 2.6% on a year-over-year basis in February. By comparison, the benchmark price for townhouse/row units was $291,000, up modestly by 1.6% compared to a year earlier, while the benchmark apartment price was $255,000, an increase of 14.1% from year-ago levels.

The average price of homes sold in February 2026 was $414,744, up by 4.4% from February 2025.

The more comprehensive year-to-date average price was $424,090, an increase of 6.7% from the first two months of 2025.

The Board cautions that the average residential price is a useful figure only for establishing trends and comparisons over a period of time. It does not indicate an actual price for a home due to the wide selection of housing available over a vast geographic area (the Board serves an area covering over 600,000 square kilometers or 72% of the province).

The dollar value of all home sales in February 2026 was $93.3 million, a moderate decrease of 7.5% from the same month in 2025.

The number of new listings decreased by 3.2% (15 listings) from February 2025. There were 460 new residential listings in February 2026.

New listings were 1.7% below the five-year average and 0.4% above the 10-year average for the month of February.

Active residential listings numbered 1,343 units on the market at the end of February, a modest decline of 2.8% from the end of February 2025.

Active listings were 1.4% above the five-year average and 12% below the 10-year average for the month of February.

Months of inventory numbered 6 at the end of February 2026, up from the 5.4 months recorded at the end of February 2025 and below the long-run average of 6.5 months for this time of year. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.