Joanne Taylor
Awarded
Rotarian of the Year
Rotary Club of South Surrey
2013
Search Listings Now
Listings on the Go!
Take your home search with you, view listings from your mobile phone.
Mortgage Calculator
| Purchase Amount: | Down Payment: | ||||||||||||||||||
| Interest Rate: | % | Payment Interval: | |||||||||||||||||
| Mortgage Term (Years) | |||||||||||||||||||
| Closing Costs ($): | Closing Costs (%): | ||||||||||||||||||
|
|
||||||||||||||||||
FVRB News Release July 3, 2026
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.
“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.”
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.
“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.”
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.
Full package: https://www.fvreb.bc.ca/statistics/Package202606.pdf
MLS Benchmark Price Activity for JUNE 2026 for *WHITE ROCK/SOUTH SURREY*
• Single Family Detached: At $1,696,300 the Benchmark price for a single-family detached home in the South Surrey/White Rock area decreased 7.6% from $1,835,300 from June last year and decreased 1.81% from last month in May ($1,727,000).
• Townhomes: At $853,400, the Benchmark price for a townhome decreased 8.9% from June last year ($936,700) and decreased 1.1% from last month in May ($863,100).
• Apartments: At $560,800 the Benchmark price for apartments/condos decreased 4.6% from $587,600 compared to June last year, and decreased 2.8% from last month in May ($576,800).
SALES FOR JUNE 2026 (for *WHITE ROCK & SOUTH SURREY*)
Detached: 71 sales down 18.3% from 60 last month and down from 73 from June last year.
Townhouses: 50 sales, down from 61 last month and down from 54 last year in June.
Apartments: 55 sales up from 49 last month but down 11.3% from 62 last year in June.
Call Joanne today, for a free
no obligation
Complete and Current Market Evaluation
778-227-1443
The Importance of Market Data
One of the most important marketing tools Joanne uses in pricing and marketing a property is market statistics. This information includes comparisons between ‘listed’ properties (properties currently for sale) and ‘sold’ properties (properties that sold within a one-month period).
These comparisons are generated at the end of every month by the Multiple Listing Service® and are not available to the public. These reports help to determine the Current Market Conditions affecting your specific neighbourhood.
The “Sales-To-Actives Ratio” tells the percentage of inventory that is selling in a given month (sales for the month divided by the Active Listings = the per centage of homes that are selling). This provides a better idea of the sense of balance between total supply and demand.
To determine the type of Market, if 11 to 20 per cent of inventory is selling (with give & take), the market is balanced. A Seller's Market is when more than 20 per cent is selling, and when it's less than 11 per cent the reverse is the case and buyers have the upper hand.
| 
| |||||||||||||
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.