Joanne Taylor
Awarded
Rotarian of the Year
Rotary Club of South Surrey
2013
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FVRB News Release October 5 2026
More Choice, Lower Prices Giving Hesitant Fraser Valley Buyers More Options
SURREY, BC – Fraser Valley home buyers remained cautious despite continued weakening prices, as September sales failed to keep pace with the seasonal rise in new listings.
The Fraser Valley Real Estate Board recorded 922 sales on its Multiple Listing Service® (MLS®) in September, a two per cent decrease from August and four per cent below sales from the same month last year. Subdued demand continues to weigh on prices, with the composite Benchmark price for a typical Fraser Valley home falling one per cent in September and seven per cent from one year ago.
“Prices continue to soften, with some areas of the Fraser Valley seeing more significant declines,” said Ishaq Ismail, Chair of the Fraser Valley Real Estate Board. “The Benchmark price for a single-family home is now $460,000 below its March 2022 peak. For buyers who are in a position to act, this represents a significant shift in affordability and may create an opportunity for some households to move into a different segment of the market.”
After a quieter summer, more sellers returned to the market in September, bringing 2,818 new listings, up 19 per cent from August, but 18 per cent below the same month last year. Overall inventory remained unchanged in September, with 9,763 active listings on the market, a 0.2 per cent decline from August, but still 31 per cent above the 10-year seasonal average.
The Fraser Valley has spent most of the last two years in a buyer’s market with no change in September. A balanced market is typically defined by a ratio between 12 and 20 per cent.
“Buyers have been waiting for months for greater economic certainty,” said Anthony Boone, Interim CEO of the Fraser Valley Real Estate Board. “But a succession of economic shocks have conspired to weigh on consumer confidence, keeping many buyers on the sidelines. Despite lower prices and more choice, buyers remain cautious, and that is being reflected in the pace of sales.”
Across the Fraser Valley in September, the average number of days to sell a condo was 46 days, while a single-family detached home was 45 days. Townhomes took, on average, 38 days to sell.
Full package: https://www.fvreb.bc.ca/statistics/Package202609.pdf
MLS Benchmark Price Activity for SEPTEMBER 2026 for *WHITE ROCK/SOUTH SURREY*
• Single Family Detached: At $1,612,500 the Benchmark price for a single-family detached home in the South Surrey/White Rock area decreased 7.4% from $1,741,400 from September last year and decreased from last month in August ($1,649,200).
• Townhomes: At $797,100, the Benchmark price for a townhome decreased 11.2 from September last year ($897,900) and decreased 2.8% from last month in August ($820,300).
• Apartments: At $544,400, the Benchmark price for apartments/condos decreased 7.7% from $589,800 compared to September last year, and decreased from last month in August ($550,800).
SALES FOR SEPTEMBER 2026 (for *WHITE ROCK & SOUTH SURREY*)
Detached: 60 sales up 25% from 48 last month and up 46.3% from 41 from September last year.
Townhouses: 47sales, up from 33 last month and up 62.1% from 29 last year in Septemebr.
Apartments: 43 sales down from 52 last month and down from 49 last year in September.
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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.
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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.