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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.

May brings much-needed lift to Fraser Valley housing market

Posted on Jun 03, 2025

Fraser Valley Housing Market Statistics May 2025
SURREY, BC – On the heels of a quiet April, Fraser Valley home sales saw a modest but encouraging uptick in May — a sign that buyer confidence may slowly be returning to the market.

The Fraser Valley Real Estate Board recorded 1,183 sales on its Multiple Listing Service® (MLS®) in May, up 13 per cent from April. Despite the increase, sales were 22...

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Abundant listings and stable prices not enough to drive April sales in the Fraser Valley

Posted on May 03, 2025

Fraser Valley Housing Market Statistics April 2025
SURREY, BC – Home buyers in the Fraser Valley are enjoying a selection of homes for sale not seen in more than a decade. The growing inventory of more than 10,000 active listings means, in many cases, that buyers have time, selection and price negotiation on their side.

“There’s definitely a surge of activity in the market — buyers are out viewing h...

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Tariffs, economic uncertainty stall spring market in the Fraser Valley

Posted on Apr 03, 2025

Fraser Valley Housing Market Statistics March 2025
SURREY, BC – March home sales in the Fraser Valley remained nearly 50 per cent below the 10-year average — making for the slowest start to the spring market in more than 15 years.

The Fraser Valley Real Estate Board recorded 1,036 sales in March, up 13 per cent from February, but still 26 per cent below sales recorded this time last year.

Fraser Valley Housing Market Statistics March 2025 - MLS Sales

Following a...

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Buyers gaining upper hand in Fraser Valley real estate market

Posted on Mar 05, 2025

Fraser Valley Housing Market Statistics February 2025
SURREY, BC – For the first time in four months, home sales in the Fraser Valley have increased as buyers capitalize on more selection and weakening prices.

The Fraser Valley Real Estate Board recorded 920 sales in February, up 13 per cent from January, but 26 per cent below sales recorded in February 2024.

Despite a nine per cent drop in newly listed...

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Fraser Valley’s decade-high inventory could open doors for buyers

Posted on Feb 05, 2025

Fraser Valley Housing Market Statistics January 2025
SURREY, BC – Growing inventory and stable prices could lead to opportunities for buyers in the Fraser Valley market this winter despite uncertain economic conditions.

Newly listed homes jumped 167 per cent from December to January, with 3,432 listed on the Fraser Valley Real Estate Board’s Multiple Listing Service® (MLS®). At 7,251 active listings...

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New listings at 10-year high in 2024, but affordability still the elephant in the room in Fraser Valley

Posted on Jan 06, 2025

Fraser Valley Housing Market Statistics December 2024
SURREY, BC – Bank of Canada interest rate cuts that began mid-year were not enough to ease the affordability crisis for many home buyers in the Fraser Valley in 2024, leading to a decline in annual sales.

The Fraser Valley Real Estate Board reported new listings of 35,698 for the year ended December 31, 2024, a 10-year high and nine per cent above t...

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