Fraser Valley Housing Market Statistics - October 2026
Home sales rise in October, but
Fraser Valley buyer’s market shows little sign of shifting
Despite a seasonal
increase in monthly sales, the Fraser Valley housing market continues to
contend with subdued demand, ample supply and cautious buyers, with little
change in the balance between buyers and sellers.
The Fraser Valley Real
Estate Board recorded 1,051 sales on its Multiple Listing Service® (MLS®)
in October, a 14 per cent increase from September but six per cent below
sales from the same month last year.
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“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.”
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Inventory declined in
October, in keeping with typical seasonal patterns. A total of 2,551 new
listings came to market, down 10 per cent from September. Overall
inventory also softened, falling six per cent month-over-month and 10 per
cent from October 2025 to 9,164 active listings.
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.
The composite
Benchmark price for a typical Fraser Valley home dipped 0.1 per cent in
October to $860,000, down 6.4 per cent year-over-year.
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“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.”
Across the Fraser
Valley in October, the average number of days to sell a single-family
detached home was 50 days, while a condo was 44 days. Townhomes took, on
average, 37 days to sell.
MLS® HPI Benchmark Price Activity
- Single Family Detached: At $1,293,800 the
Benchmark price for an FVREB single-family detached home
decreased 0.5 per cent compared to September 2026 and decreased 8.5
per cent compared to October 2025.
- Townhomes: At $742,300 the Benchmark
price for an FVREB townhome decreased 0.4 per
cent compared to September 2026 and decreased 5.5 per cent compared
to October 2025.
- Apartments: At $460,800 the Benchmark
price for an FVREB apartment/condo decreased
0.2 per cent compared to September 2026 and decreased 8.1 per cent
compared to October 2025.
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