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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.

Home prices soften as Fraser Valley housing market cools amid lower sales and higher inventory

Posted on Jun 02, 2022

Fraser Valley Housing Market - May 2022 Statistics
SURREY, BC – As property sales continue to fall in the Fraser Valley and active listings continue to grow, the region is edging towards more balanced levels not seen since the pre-pandemic period.

Sales of all property types in May were 1,360, down 16.9 per cent from April’s 1,637; and down 53.9 per cent compared to May of 2021.

MLS Sales May 2022 - Fraser Valley Housing Market Statistics

At the same time, act...

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Fraser Valley sales dip below 10-year average for first time in nearly two years

Posted on May 04, 2022

Fraser Valley Housing Market Statistics April 2022
SURREY, BC – Property sales in the Fraser Valley decreased by over 35 per cent in April 2022 compared to the previous month, and while the figure is still the sixth-highest April on record for the past ten years, it marks the first time monthly sales have fallen below the ten-year average since June 2020.

In April, the Fraser Valley Real Estate Boar...

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Continued growth in new listings a hopeful sign for home buyers in the Fraser Valley

Posted on Apr 05, 2022

Fraser Valley Housing Market Statistics March 2022
SURREY, BC – For the third consecutive month, new listings in the Fraser Valley continued to climb in March giving buyers more to choose from, helping to increase overall active inventory to levels not seen since last July.

Property sales remain robust, as Benchmark prices, the price of a ‘typical’ home, continued to increase month-over-month.

In Mar...

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FVREB posts record volume of new listings in February

Posted on Mar 03, 2022

Fraser Valley Housing Market February 2022
SURREY, BC – Buyers of Fraser Valley real estate had significantly more inventory to choose from last month due to a record-breaking volume of new listings received for the month of February.

The Fraser Valley Real Estate Board (FVREB) received 3,742 new listings in February, an increase of 75.3 per cent compared to January, and an increase of 14.6...

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Glimmer of hope for Fraser Valley home buyers as new listings surge in January

Posted on Feb 03, 2022

Fraser Valley Housing Market Statistics for January 2022
SURREY, BC – On the heels of the busiest year in history for Fraser Valley real estate, January activity saw the beginnings of a market rebalancing. Overall property sales – still the third highest ever for January – cooled compared to December while the volume of new listings improved significantly.

The Fraser Valley Real Estate Board processed a t...

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Fraser Valley real estate market sees busiest year in 100‐year history

Posted on Jan 06, 2022

Fraser Valley Housing Market Statistics for December 2021

SURREY, BC – Fueled by the consumer response to the COVID‐19 pandemic along with historically low interest rates, total property sales in the Fraser Valley in 2021 shattered the previous annual record last set in 2016.

The FVREB processed 27,692 sales its Multiple Listing Service® (MLS®) in 2021, an increase of 39.0 per cent compared 19,926 sales in...

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