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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.

Fraser Valley Real Estate Market Weakens as Sales and Prices Continue to Edge Downward

Posted on Nov 03, 2023

Fraser Valley Housing Market Statistics - October 2023
SURREY, BC – Property sales and new listings in the Fraser Valley fell again in October as consumers continued to put home buying and selling decisions on hold in the face of elevated interest rates.

The Fraser Valley Real Estate Board recorded 970 transactions on its Multiple Listing Service® (MLS®) in October, a drop of 12 per cent from the previo...

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Fraser Valley market balanced, as demand softens and prices edge lower

Posted on Oct 05, 2023

Fraser Valley Housing Market Statistics September 2023
SURREY, BC – Continued slowing sales and a healthy rise in new listings in September has brought the Fraser Valley housing market into balance. Three months of declining sales has seen Benchmark prices dip for a second straight month.

The Fraser Valley Real Estate Board recorded 1,100 sales on its Multiple Listing Service® (MLS®) in September 2023...

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2023 Fall Housing Market Outlook

Posted on Sep 07, 2023

2023 Fall Housing Market Outlook

While Canada grapples with the highest interest rates it’s seen in decades, RE/MAX Canada brokers and agents across the country are reporting that both the interest rate climate and lack of inventory are likely to result in a softer market this fall. The national average residential sale price across all home types is expected to remain flat, with...

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Fraser Valley real estate sales dip in August; prices hold steady

Posted on Sep 05, 2023

Fraser Valley Housing Market Statistics August 2023
SURREY, BC – A combination of seasonal trends and cautious anticipation of the next rate announcement saw the Fraser Valley real estate market slow in August as sales fell slightly for the second month, after reaching a 15-month high in June.

The Fraser Valley Real Estate Board recorded 1,273 sales on its Multiple Listing Service (MLS®) in August 20...

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Seasonality, interest rates temper sales in the Fraser Valley

Posted on Aug 03, 2023

Fraser Valley Housing Market Statistics July 2023
SURREY, BC – After five months of successive increases, real estate sales in the Fraser Valley dropped in response to a combination of continued rising interest rates and the summer sales cycle.

The Fraser Valley Real Estate Board processed 1,368 sales in July on its Multiple Listing Service® (MLS®), a decrease of 29.3 per cent below June, but still...

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Low supply continues to impact home pricing in the Fraser Valley: Sales increasing despite rate hikes

Posted on Jul 06, 2023

Fraser Valley Housing Market Statistics June 2023
SURREY, BC – The Fraser Valley real estate market saw strong sales activity in June with levels on par with the 10-year average for the month, amid on-going challenges with supply.

In June, the Fraser Valley Real Estate Board (FVREB) processed 1,935 sales on its Multiple Listing Service® (MLS®), an increase of 51.1 per cent compared to June 2022 and...

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