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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.

Delayed spring activity boosts supply of property listings in the Fraser Valley

Posted on Jun 03, 2023

Fraser Valley Housing Market Statistics May 2023
SURREY, BC – The Fraser Valley real estate market saw an injection of supply in May as new listings surged by more than 40 per cent over April.

At 3,533, new listings were just below May 2022 levels (3,631) but slightly higher (2.7 per cent) than the ten-year average for the region. A welcome trend towards alleviating housing supply issues.

Fraser Valley Housing Market Statistics May 2023 - Realtor Insight

“Typicall...

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Spring sales hold steady in Fraser Valley real estate market

Posted on May 03, 2023

Fraser Valley Housing Market Statistics - April 2023
SURREY, BC – Despite persistent inventory shortfalls, housing sales in the Fraser Valley remained steady in April as buyers took advantage of the continued pause in interest rate hikes.

In April, the Fraser Valley Real Estate Board (FVREB) processed 1,554 sales on its Multiple Listing Service® (MLS®), virtually unchanged compared to March and a slig...

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Momentum continues to build in the Fraser Valley real estate market

Posted on Apr 05, 2023

Fraser Valley Housing Market Statistics - March 2023
SURREY, BC — March 2023 saw the second consecutive month of growth in sales in the Fraser Valley, and although still below seasonal norms, the trend is an encouraging sign that the region continues to head towards increased market stability.

At 1,550, property sales posted on the FVREB’s Multiple Listings Service (MLS®) were 72.6 per cent higher tha...

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Signs of stability in Fraser Valley create opportunities for home buyers and sellers

Posted on Mar 03, 2023

Fraser Valley Housing Market Statistics February 2023
SURREY, BC — House prices in the Fraser Valley posted a slight but positive bump in February after nearly a year of month-over-month decreases. Similarly, sales, though still trending lower than normal, also recorded their first monthly gain since October.

The Fraser Valley Real Estate Board (FVREB) processed 898 sales on its Multiple Listing Servic...

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Fraser Valley real estate sales record slowest annual start in ten years; January new listings lowest in over thirty years

Posted on Feb 02, 2023

Fraser Valley Housing Market Statistics - January 2023
SURREY, BC – The downward trend in Fraser Valley real estate sales continued in January as further interest rate hikes kept buyers sidelined.

With 626 transactions processed on the MLS®, sales were off by 12.6 per cent compared to last month and down by 52.2 per cent compared to this time last year. The last time January sales were this low was in 2...

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Fraser Valley real estate market 2022 – highs, lows, and a return to balance

Posted on Jan 06, 2023

Fraser Valley Housing Market Statistics - December 2022
SURREY, BC – In a year that saw prices peak early on, feeding off the momentum of record-breaking sales in 2021, the Fraser Valley real estate market came back down to earth by the close of 2022, due largely to interest rate increases designed to stave off inflation.

The Fraser Valley Real Estate Board (FVREB) processed 716 sales on its Multiple Lis...

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