Fraser Valley Housing Market Statistics - June 2026
Fraser Valley is becoming more
affordable — but buyers are still holding back
Fraser Valley is becoming more
affordable — but buyers are still holding back
SURREY, BC – Home prices in the
Fraser Valley continued to become more affordable in June, with Benchmark
prices now sitting 26 per cent below their 2022 peak. Prices edged down
another 0.9 per cent during the month, reinforcing buyer-friendly
conditions despite a sluggish market.
The Fraser Valley Real
Estate Board recorded 1,147 sales on its Multiple Listing Service® (MLS®)
in June, a two per cent increase from May, but four per cent below the same
month last year. After pulling back in May, seller activity levelled off in
June, with 3,303 new listings—virtually unchanged from May—but still nine
per cent below last year's pace.
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“The Fraser Valley
spring market has underperformed expectations despite improving
affordability and more choice for buyers,” said Ishaq Ismail, Chair of
the Fraser Valley Real Estate Board. “Opportunities are clearly there.
The question is whether qualified buyers on the sidelines recognize the
value available today. For those looking to enter the market or move up,
current conditions present a compelling opportunity.”
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The Fraser Valley
enters the summer market with 10,377 active listings, maintaining a level
of supply that continues to keep competition in check and create
favourable conditions for buyers.
With a sales-to-active
listings ratio of 11 per cent in June, the Fraser Valley remains in
buyer’s market territory. A balanced market is typically defined by a
ratio between 12 and 20 per cent.
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“Buyers are still
holding back despite some improving conditions,” said Baldev Gill, CEO of
the Fraser Valley Real Estate Board. “The recent agreement between Build
Canada Homes and BC Housing may help add supply and improve access to
ownership, however, with details still unclear it’s difficult to assess
the practical impact for buyers.”
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Across the Fraser
Valley in June, the average number of days to sell a single-family
detached home was 37 days, while for a townhome, it was 33 days. Condos
took, on average, 38 days to sell.
The composite
Benchmark price for a typical Fraser Valley home declined seven per cent
year-over-year to $884,800.
MLS® HPI Benchmark Price Activity
- Single Family Detached: At $1,350,200 the
Benchmark price for an FVREB single-family detached home
decreased 1.2 per cent compared to May 2026 and decreased 7.7 per
cent compared to June 2025.
- Townhomes: At $764,100 the
Benchmark price for an FVREB townhome decreased 0.7 per
cent compared to May 2026 and decreased 7.3 per cent compared to
June 2025.
- Apartments: At $476,400 the
Benchmark price for an FVREB apartment/condo decreased
1.5 per cent compared to May 2026 and decreased 9.1 per cent
compared to June 2025.
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For the FULL STATISTICS PACKAGE click
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