The Fraser Valley housing market continued to favour buyers in August, with sales slowing from July while overall inventory remained well above seasonal norms. Despite the month-over-month slowdown, sales finished slightly ahead of the same period last year.

The Fraser Valley Real Estate Board recorded 941 home sales in August, representing a 14 per cent decrease from July but a 1 per cent increase compared to August of last year. The year-over-year increase marks only the second annual gain since the beginning of 2025, providing a modest positive sign despite overall demand remaining below typical levels.

Inventory levels remain elevated across the region. There were 2,373 new listings in August, down approximately 16 per cent from July. Overall, there were 9,787 active listings across the Fraser Valley, approximately 33 per cent above the 10-year seasonal average.

The increased supply continues to provide buyers with more choice and greater negotiating power compared to the highly competitive markets seen in previous years.

The sales-to-active listings ratio sits at approximately 10 per cent, keeping the Fraser Valley in buyer’s market territory. A balanced market is typically defined by a ratio between 12 and 20 per cent.

The composite benchmark price for a typical home in the Fraser Valley is now $869,900, representing a 0.9 per cent decrease from July and approximately 7 per cent below August of last year.

Benchmark prices by property type currently sit at:

• Single-family detached homes: $1,319,600
• Townhomes: $750,600
• Apartments/condos: $466,100

Compared to August of last year, benchmark prices are down 8.4 per cent for detached homes, 7.1 per cent for townhomes, and 8.9 per cent for apartments.

As we head toward the fall market, elevated inventory combined with lower prices may present opportunities for buyers who have been waiting for more selection and negotiating room. Buyers generally have more time to evaluate their options and negotiate terms without the same pressure experienced during more competitive markets.

For sellers, homes are still selling, but with buyers having considerably more choice, strategic pricing and strong property presentation remain key to attracting serious buyers.

It is also important to remember that these statistics represent the Fraser Valley as a whole. Market conditions can vary considerably depending on the city, neighbourhood, property type and price range.

If you are considering buying or selling in the Fraser Valley and would like a personalized market update for your neighbourhood, feel free to reach out.

The Fraser Valley housing market showed continued signs of renewed activity in April, with sales increasing compared to March while overall conditions continue to favour buyers.

The Fraser Valley Real Estate Board recorded 1,118 home sales in April, representing an 11 per cent increase from March and a 7.2 per cent increase from April of last year. While this improvement signals growing momentum as the spring market approaches, sales remain below normal seasonal levels, suggesting many buyers are still approaching the market cautiously.

Inventory levels remain elevated across the region. At the end of April there were 9,816 active listings, which is still well above seasonal norms and 45 per cent above the 10-year seasonal average. The increased supply of homes continues to give buyers more options and more time to make purchasing decisions compared to the highly competitive markets seen in recent years.

The sales-to-active listings ratio sits at approximately 11 per cent, keeping the Fraser Valley firmly in buyer’s market territory. A balanced market is typically defined by a ratio between 12 and 20 per cent.

Home prices have shown a slight uptick month-to-month. The composite benchmark price for a typical home in the Fraser Valley is now $899,200, representing a 0.1 per cent increase from March and the second consecutive monthly price uptick.

Benchmark prices by property type currently sit at:

•Single-family detached homes: $1,374,800

•Townhomes: $771,600

•Apartments/condos: $491,000

Homes are also taking a reasonable amount of time to sell. In April, most properties were moving in the 32 to 42 day range, depending on property type and price point.

As the spring market approaches, improving activity levels combined with elevated inventory may present opportunities for buyers who have been waiting for more choice and negotiating room.

For sellers, strategic pricing and strong property presentation remain key to attracting serious buyers in today’s competitive environment.

If you are considering buying or selling in the Fraser Valley and would like a personalized market update for your neighbourhood, feel free to reach out.

If you’ve lived in your Greater Vancouver home for twenty-plus years, you’ve likely built up a significant amount of equity. You’ve raised your kids, you’ve lived the Vancouver lifestyle, but as you look toward your next chapter, you might be wondering: Where do I go next?

You aren't alone. Thousands of 55-plus homeowners and empty-nesters are cashing out their equity and upgrading their lifestyles. Based on the latest migration trends, here are the top five communities Greater Vancouver homeowners are moving to right now.

Number five: The BC Interior. More specifically the South Interior. Communities like Kamloops and Salmon Arm are seeing a huge influx of empty-nesters. You get a quieter, four-season lifestyle, lakes, golf, and you get to bank a massive chunk of your equity.

Number four keeps you close to home: The Fraser Valley - Abbotsford, Chilliwack. The play here is simple: sell your Vancouver home, buy a spacious house in the Valley for significantly less, live mortgage-free while staying close to family and friends.

Number three: The Okanagan Valley. Kelowna, Penticton, Vernon! This is the ultimate lifestyle upgrade. Over two thousand hours of sunshine, world-class wineries, and lakeside living. It’s a year-round resort.

Number two: Alberta. Calgary and Edmonton are booming with British Columbians. Last year alone, over 35,000 people left BC for Alberta. It’s the ultimate affordability play. Sell in BC, buy a brand-new home for cash, pay zero PST, and slash your cost of living.

Honorable mentions to Ladner/Tsawwassen and South Surrey White Rock. Those markets are always sought after for local downsizers.

And the number one destination for Greater Vancouver homeowners in 2026? Vancouver Island. Victoria, Nanaimo, the Comox Valley and Gulf Islands. It’s all about the pace of life. You keep the mild West Coast climate, but trade the traffic for a stronger community and way more buying power.

So that’s your top five list of where Greater Vancouver homeowners are moving to in 2026. Whether it’s the Island breeze, wine country, suburban space, or Alberta affordability—your equity gives you options.

If you are considering buying or selling and would like to discuss your real estate goals in this fast and ever-changing market, feel free to reach out. Where’s your next chapter? Send me a message and let’s chat!

Fraser Valley Market Shows Early Spring Momentum in March

The Fraser Valley housing market showed early signs of renewed activity in March, with sales increasing compared to February while overall conditions continue to favour buyers.

The Fraser Valley Real Estate Board recorded 1,007 home sales in March, representing a 19.5 per cent increase from February. While this improvement signals growing momentum as the spring market approaches, sales remain below normal seasonal levels, suggesting many buyers are still approaching the market cautiously.

Inventory levels remain elevated across the region. At the end of March there were 9,201 active listings, which is still well above seasonal norms. The increased supply of homes continues to give buyers more options and more time to make purchasing decisions compared to the highly competitive markets seen in recent years.

The sales-to-active listings ratio sits at approximately 11 per cent, keeping the Fraser Valley firmly in buyer’s market territory. A balanced market is typically defined by a ratio between 12 and 20 per cent.

Home prices have shown a slight uptick month-to-month. The benchmark price for a typical home in the Fraser Valley is now $898,300, representing a 0.3 per cent increase from February and the first monthly price uptick we’ve seen in quite a while.

Benchmark prices by property type currently sit at:

•Single-family detached homes: $1,370,000

•Townhomes: $772,000

•Apartments/condos: $489,000

Homes are also taking a reasonable amount of time to sell. In March, most properties were moving in the 36 to 43 day range, depending on property type and price point.

As the spring market approaches, improving activity levels combined with elevated inventory may present opportunities for buyers who have been waiting for more choice and negotiating room.

For sellers, strategic pricing and strong property presentation remain key to attracting serious buyers in today’s competitive environment.

If you are considering buying or selling in the Fraser Valley and would like a personalized market update for your neighbourhood, feel free to reach out.

The Government of British Columbia has introduced significant changes to the property tax deferment program as part of its latest provincial budget — changes that could impact many homeowners, particularly seniors.

The deferment program has traditionally allowed eligible homeowners to postpone paying their annual property taxes, helping them remain in their homes while managing cash flow.

What Has Changed?

Previously, homeowners could defer their property taxes at an interest rate of prime minus 2 per cent, with simple interest applied.

Under the new changes:

• The interest rate increases to prime plus 2 per cent

• Interest will now compound instead of remaining simple

These updates significantly increase the long-term cost of deferring property taxes.

Real-World Impact

For example, on a $5,000 property tax bill:

• Under the old system, interest would total approximately $147 annually

• Under the new system, interest rises to roughly $347, and with compounding, closer to $358

Why the Change?

According to Finance Minister Brenda Bailey, the goal of the update is to prevent the program from being used as a low-cost borrowing tool rather than as financial support for homeowners in need.

However, critics argue that the changes may disproportionately affect seniors who rely on the program to stay in their homes.

What This Means for Homeowners

The program is not being eliminated, and the changes are not retroactive. However, it is now more expensive to use, making it important for homeowners to reassess whether deferment remains the best financial option.

For those currently using — or considering — the program, reviewing your long-term financial and real estate strategy is essential.

If you’d like guidance on how these changes may impact your situation, speaking with a real estate professional can help you make a more informed decision.

Fraser Valley Market Shows Early Spring Momentum in February

The Fraser Valley housing market showed early signs of renewed activity in February, with sales increasing compared to January while overall conditions continue to favour buyers.

The Fraser Valley Real Estate Board recorded 843 home sales in February, representing a 36 per cent increase from January. While this improvement signals growing momentum as the spring market approaches, sales remain 38 per cent below the ten-year seasonal average, suggesting many buyers are still approaching the market cautiously.

Inventory levels remain elevated across the region. At the end of February there were 8,344 active listings, which is 51 per cent higher than the ten-year seasonal average. The increased supply of homes continues to give buyers more options and more time to make purchasing decisions compared to the highly competitive markets seen in recent years.

The sales-to-active listings ratio sits at approximately 10 per cent, keeping the Fraser Valley firmly in buyer’s market territory. A balanced market is typically defined by a ratio between 12 and 20 per cent.

Home prices have remained relatively stable month-to-month. The benchmark price for a typical home in the Fraser Valley is now $895,100, representing a slight 0.2 per cent decrease from January and an 8 per cent decline compared to February of last year.

Benchmark prices by property type currently sit at:

• Single-family detached homes: $1,370,900

• Townhomes: $770,700

• Apartments/condos: $488,300

Homes are also taking slightly longer to sell. In February, the average time on market was 47 days for detached homes, 39 days for townhomes, and 45 days for condominiums.

As the spring market approaches, improving activity levels combined with elevated inventory may present opportunities for buyers who have been waiting for more choice and negotiating room.

For sellers, strategic pricing and strong property presentation remain key to attracting serious buyers in today’s competitive environment.

If you are considering buying or selling in the Fraser Valley and would like a personalized market update for your neighbourhood, feel free to reach out.