In brief
In British Columbia, the provincial average price stands at $952,768 in April 2026 (+0.8% year over year) and the HPI benchmark at $889,800 (CREA), in a buyer's market (6.8 months of inventory). City by city, the reference price ranges from $608,000 (Kamloops) to $1,100,700 (Richmond). Sources: GVR, FVREB and local boards · CREA, dated figures per city below.
The reference price in 7 British Columbia cities
The table shows the headline value published for each market: the composite MLS® HPI benchmark where the board publishes one, otherwise the median, otherwise the average — the type is flagged on every row, and the annual change refers to that same indicator. Every row also states its reference period. Ranked from most to least expensive.
| City | Data scope | Reference price | Indicator | 1-year change | Period |
|---|---|---|---|---|---|
| Richmond | Metro Vancouver (Richmond) | $1,100,700 | HPI | -6.2 % | May 2026 |
| Coquitlam | Metro Vancouver (Coquitlam) | $1,100,700 | HPI | -6.2 % | May 2026 |
| Vancouver | Metro Vancouver (territoire GVR) | $1,098,000 | HPI | -6.9 % | April 2026 |
| Kelowna | Central Okanagan (Kelowna) | $1,062,800 | HPI | +0.6 % | May 2026 |
| Surrey | Ville de Surrey (DOM); benchmark composite = territoire Fraser Valley | $899,200 | HPI | — | April 2026 |
| Abbotsford | Fraser Valley (Abbotsford) | $893,300 | HPI | — | May 2026 |
| Kamloops | Kamloops | $608,000 | median | — | June 2026 |
"HPI" = MLS® benchmark price (typical home, CREA method); "median"/"average" = closed-sale prices. The year-over-year change is the one published by the source for the same indicator; "—" = not published. Full detail (inventory, days on market, exact links) is on each city's page.
How to read these figures
The gap between markets is the dominant fact. Between Richmond ($1,100,700) and Kamloops ($608,000), the reference price varies enormously within a single province — comparing your city to the provincial average is often misleading.
The one-year trend. Of the 4 markets with a published annual change, 1 are up and 3 down. Leading the gains: Kelowna (+0.6 %). Sharpest declines: Vancouver (-6.9 %), Richmond (-6.2 %), Coquitlam (-6.2 %).
A reference price is not a guaranteed price. The HPI tracks a "typical home"; the median is the midpoint of closed sales. Neither tells you what a specific property is worth — for that, there is the verified appraiser and broker for your sector.
The provincial picture
Province-wide, CREA put British Columbia's average price at $952,768 in April 2026 (+0.8% year over year) and the benchmark at $889,800, in a buyer's market (6.8 months of inventory) — the country's most expensive province, but also one of the few where buyers hold the advantage.
Borrowing costs remain a key driver: see our policy-rate dossier for current rates and the Bank of Canada's decision calendar.
Methodology and sources
Where the figures come from. Every value comes from statistics published by the real estate boards (GVR, FVREB and local boards · CREA). Where a published figure is regional rather than municipal, the "scope" column says so explicitly, row by row.
Every figure carries its date. Boards publish at different paces: the "period" column gives the exact month or quarter of each figure. This table is regenerated on every update of our market data (last generated: July 26, 2026) — the same source feeds our city pages and our open market-data feed.
Our rule: no invented data. When a source does not publish a value, the cell shows "—" rather than an estimate. No figure on this page is computed, extrapolated or "adjusted" by Payotte.
Frequently asked questions
What is the price of a house in British Columbia?
In British Columbia, the provincial average price stands at $952,768 in April 2026 (+0.8% year over year) and the HPI benchmark at $889,800 (CREA), in a buyer's market (6.8 months of inventory). City by city, the reference price ranges from $608,000 (Kamloops) to $1,100,700 (Richmond). Sources: GVR, FVREB and local boards · CREA, dated figures per city below.
What is the cheapest city in British Columbia to buy in?
Among the 7 markets Payotte tracks, the lowest reference price is Kamloops at $608,000 (median, June 2026). At the other end, the highest is Richmond at $1,100,700 (HPI).
Are British Columbia home prices rising or falling in 2026?
Of 4 markets with a published annual change, 1 are up and 3 down. Leading the published gains: Kelowna (+0.6 %). Sharpest declines: Vancouver (-6.9 %), Richmond (-6.2 %), Coquitlam (-6.2 %).
Where do these figures come from?
From official real estate board statistics (GVR, FVREB and local boards · CREA), for the period shown on each row. Payotte compiles and dates; no value is estimated or extrapolated. Full detail and source links are on each city page.
Our price dossiers by province
Buying or selling in one of these cities?
Payotte publishes a single verified expert per sector and profession — broker, mortgage broker, inspector, lawyer, appraiser — selected on public data, never on payment.
See verified experts — British Columbia