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 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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New listings lag as Fraser Valley real estate market sees third month of declining sales

Posted on Dec 03, 2022

Fraser Valley Housing Market Statistics November 2022
SURREY, BC – With sales down almost seven per cent from October, and new listings off by more than 20 per cent, the Fraser Valley housing market continues its slowing trend heading into the holiday season. Despite the market slowdown, opportunities are available, as evidenced by brisk turnover time frames.

In November, the Fraser Valley Real Estate...

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Housing prices remain soft, sales flat, throughout the Fraser Valley

Posted on Nov 05, 2022

Fraser Valley Housing Market Statistics - October 2022
SURREY, BC – Fraser Valley housing market sales for October remained relatively unchanged from last month as prices dipped slightly across all categories.

In October, the Fraser Valley Real Estate Board (FVREB) processed 901 sales on its Multiple Listing Service® (MLS®), an increase of 0.4 per cent compared to last month and a 53.5 per cent decrease...

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Fraser Valley real estate market continues to stabilize heading into fall season

Posted on Oct 04, 2022

Fraser Valley Housing Market Statistics September 2022
SURREY, BC — Continued slowing sales and a slight rise in inventory in September combined to bring greater stability to the Fraser Valley housing market.

In September, the Fraser Valley Real Estate Board (FVREB) processed 897 sales on its Multiple Listing Service® (MLS®), a decrease of 11.8 per cent compared to last month and a 51.9 per cent decreas...

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Fraser Valley housing market signals further settling as sales continue to stall in response to interest rate rises

Posted on Sep 03, 2022

Fraser Valley Housing Market Statistics - August 2022
SURREY, BC – Robust active listings and relative steady sales activity continued to bring balance to the Fraser Valley real estate market in August. The past several months of rising inventory combined with a slowing trend in sales has also seen benchmark prices return to levels not seen since last year.

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

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