November 2026: BCREA Forecasts a 2027 Rebound — What It Means for Coquitlam
The B.C. Real Estate Association released its 2026 Fourth Quarter Housing Forecast on November 10, 2026. BCREA expects 2026 to finish as a soft year for home sales, with a modest recovery in 2027 rather than a sharp rebound. Province-wide, MLS® sales are forecast to fall 4.5% to 67,025 units in 2026, then rise 7.2% to 71,840 in 2027, while the average price is forecast to fall 1.2% this year to $941,200 and rise 2.4% next year to $964,200. For the Greater Vancouver board area, which includes Coquitlam, BCREA forecasts 23,000 sales in 2026 (down 3%) and 25,000 in 2027 (up 8.7%), with the average price slipping 1.4% this year to $1,223,000 before rising 2.2% to $1,250,000 in 2027.
These are forecasts, not results, and they depend on the impacts of new United States tariffs fading and fixed mortgage rates declining. BCREA notes that variable mortgage rates have ticked higher to near 4.5% after the Bank of Canada raised its policy rate by 25 basis points to 2.5% on October 28, 2026, and that five-year fixed mortgage rates have climbed above 5%. It is doubtful the Bank will raise rates a full point as markets currently expect, and instead anticipates one further 25-basis-point hike to bring the policy rate to 2.75%. If the Bank signals a less hawkish path, BCREA says we may even see some fixed mortgage rate relief. The Bank's next scheduled rate announcement is December 9, 2026.
BCREA does not publish a separate Coquitlam forecast, so the Greater Vancouver line is the closest official outlook — and it should not be read as a Coquitlam price forecast. BCREA uses the average MLS® sale price, which moves with the mix of homes that sell, while Greater Vancouver REALTORS® reports a typical-home benchmark. In October 2026, Coquitlam's benchmark was $957,500, down 7.1% from a year earlier, with apartments down the most, at $624,200 (-9.1%). Coquitlam recorded 186 sales, up about 1.6% from October 2025, while new listings fell about 18% year over year.
If the forecast plays out, Greater Vancouver sales rise 8.7% in 2027 and average prices grow about 2.2%, so today's buyer-friendly conditions may not last indefinitely. Apartments are the segment where BCREA expects the biggest sales swing, down 4.6% in 2026 and up 9.6% in 2027. Sellers should price to today's market rather than waiting for a recovery that, if it comes, is expected to be modest, and should watch competition from elevated new-home inventory. Are you curious about recent market activity or thinking of buying or selling in Coquitlam? Contact us today for a comprehensive market analysis! Sam Tabrizi can walk you through what these numbers mean for your situation.
Sources
BCREA figures are forecasts of MLS® sales and average MLS® prices. GVR benchmark prices reflect a "typical" home and differ from average or median sale prices. Data is deemed reliable but not guaranteed.
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