11/03/2026
📣 Monthly market update 📣
Home sales rise in October, but Fraser Valley buyer’s market shows little sign of shifting
“Detached homes continued to lead sales activity in October, significantly outpacing both townhomes and apartments,” said Ishaq Ismail, Chair of the Fraser Valley Real Estate Board. “This is a trend we’ve been watching in recent months, and improving affordability in the detached segment may be helping sustain that demand. The substantial price correction appears to be bringing detached homes within reach for more buyers.”
The Fraser Valley remains in a buyer’s market with a sales-to-active listings ratio of 11 per cent. A balanced market is typically defined by a ratio between 12 and 20 per cent.
“Much of the pandemic-era price growth in the Fraser Valley has been erased,” said Rock Lefebvre, CEO of the Fraser Valley Real Estate Board. “That brings affordability to its best level in five years, creating a welcome opportunity for buyers. However, with interest rates recently moving higher and the possibility of further increases, buyers will need to consider how borrowing costs factor into their purchasing decisions.”