Forest Hills Real Estate Market
Report generated May 2026
Balanced MarketMedian Price
¤455,000
Active Listings
306
As of May 2026, Forest Hills, British Columbia is a Balanced market with 296 active listings and an average asking price of CAD $799,784.
Current market conditions in Forest Hills remain steady, with the average asking price of CAD $799,784 reflecting a moderate level of demand across the neighbourhood. According to the BC real estate boards (CREA MLS®), the sales‑to‑active‑listings ratio in the area is consistent with other mid‑size communities in British Columbia, indicating that buyers and sellers are in a state of equilibrium. The local economy, driven by resource industries, tourism, technology, agriculture, and government services, supports a balanced supply of homes, and the market shows no immediate signs of overheating or severe inventory shortages.
Outlook for buyers: For prospective homebuyers in Forest Hills, the total cost of purchase will include the provincial Property Transfer Tax (PTT) and, for new builds, the Goods and Services Tax (GST). Buyers should also be aware of the Speculation and Vacancy Tax (SVT) that applies to vacant properties in certain urban areas, which could affect the purchase price of off‑market or newly constructed homes. If the market contains a significant number of condominiums or townhouses, strata fees will add to the ongoing cost of ownership and should be factored into the budget.
Outlook for investors: Investors considering Forest Hills should take into account the Speculation and Vacancy Tax, which may impact the profitability of vacant or under‑utilised properties. The federal Underused Housing Tax could also apply to certain investment holdings, and short‑term rental restrictions in British Columbia may limit the ability to operate vacation rentals. Additionally, the BC Tenancy Act sets limits on rent increases, which can influence long‑term rental yields. These regulatory factors, combined with the current balanced market conditions, suggest a cautious but potentially rewarding investment environment in May 2026.
Current market conditions in Forest Hills remain steady, with the average asking price of CAD $799,784 reflecting a moderate level of demand across the neighbourhood. According to the BC real estate boards (CREA MLS®), the sales‑to‑active‑listings ratio in the area is consistent with other mid‑size communities in British Columbia, indicating that buyers and sellers are in a state of equilibrium. The local economy, driven by resource industries, tourism, technology, agriculture, and government services, supports a balanced supply of homes, and the market shows no immediate signs of overheating or severe inventory shortages.
Outlook for buyers: For prospective homebuyers in Forest Hills, the total cost of purchase will include the provincial Property Transfer Tax (PTT) and, for new builds, the Goods and Services Tax (GST). Buyers should also be aware of the Speculation and Vacancy Tax (SVT) that applies to vacant properties in certain urban areas, which could affect the purchase price of off‑market or newly constructed homes. If the market contains a significant number of condominiums or townhouses, strata fees will add to the ongoing cost of ownership and should be factored into the budget.
Outlook for investors: Investors considering Forest Hills should take into account the Speculation and Vacancy Tax, which may impact the profitability of vacant or under‑utilised properties. The federal Underused Housing Tax could also apply to certain investment holdings, and short‑term rental restrictions in British Columbia may limit the ability to operate vacation rentals. Additionally, the BC Tenancy Act sets limits on rent increases, which can influence long‑term rental yields. These regulatory factors, combined with the current balanced market conditions, suggest a cautious but potentially rewarding investment environment in May 2026.