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Local Market News

Get all the latest news and market updates here – Fraser Valley housing market statistics and BC real estate market updates.

Sluggish sales and rising inventories see Fraser Valley moving toward a buyer’s market

Posted on Oct 03, 2024

Fraser Valley Housing Market Statistics September 2024
SURREY, BC — With active inventories hitting levels not seen in 10 years and sales 30 per cent below the 10-year average, Fraser Valley real estate is building towards a buyer’s market if sales continue to lag.

The Fraser Valley Real Estate Board recorded 982 sales in September, down by eight per cent over August and by more than 10 per cent over Se...

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Two rate cuts not enough to ignite summer home sales in the Fraser Valley

Posted on Sep 04, 2024

Fraser Valley Housing Market Statistics August 2024
SURREY, BC – The Fraser Valley residential resale market slowed again in August, as homebuyers continue to face affordability challenges.

The Fraser Valley Real Estate Board recorded 1,067 sales in August, down by 13 per cent over last month and by 30 per cent over the 10-year seasonal average. August sales were the second slowest seasonally adjuste...

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Cool summer market persists in Fraser Valley with second slowest July sales in a decade

Posted on Aug 03, 2024

Fraser Valley Housing Market Statistics July 2024
SURREY, BC – Sluggish seasonally-adjusted sales and a continued rise in inventory has the Fraser Valley market slowly shifting to favour buyers.

The Fraser Valley Real Estate Board recorded 1,230 sales in July, down by seven per cent over last month and down by 26 per cent over the 10-year seasonal average.

Fraser Valley Housing Market Statistics July 2024 - MLS Sales

Inventory levels in the Fraser Valley reach...

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Fraser Valley home sales fall despite Bank of Canada rate cut

Posted on Jul 04, 2024

Fraser Valley Housing Market Statistics June 2024
SURREY, BC –The policy rate cut of 25 basis points by the Bank of Canada on June 5 was not enough to rally home sales in the Fraser Valley last month.

The Fraser Valley Real Estate Board recorded 1,317 sales in June, down by 13 per cent over last month and by more than 30 per cent over both last year and the 10-year seasonal average.

While sales rema...

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Spring inventory continues to build in the Fraser Valley to levels not seen in nearly five years

Posted on Jun 04, 2024

Fraser Valley Housing Market Statistics May 2024
SURREY, BC – Slower seasonal sales helped build inventory to its highest level since September 2019 in the Fraser Valley in May, creating more balanced market conditions for home buyers and sellers. The increase in supply over the past several months has further contributed to a softening of price growth, which is good news for buyers.

Fraser Valley Housing Market Statistics May 2024 - MLS Sales

Active listin...

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Modest increase in April home sales in the Fraser Valley takes lead from cooler spring weather

Posted on May 02, 2024

Fraser Valley Housing Market Statistics April 2024
SURREY, BC – Supply of available homes in the Fraser Valley market continued to build last month, however buyers remained relatively hesitant, leading to a cooler resale market in April.

The Fraser Valley Real Estate Board recorded 1,471 transactions on its Multiple Listings Service® (MLS®) in April, up 5 per cent from March, but off by 5 per cent c...

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