Joanne Taylor
Awarded
Rotarian of the Year
Rotary Club of South Surrey
2013
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FVRB News Release May 4, 2026
Rising Sales & Price Gains Hint at Stability in the Fraser Valley Housing Market
SURREY, BC – For the first time in more than a year, Fraser Valley home sales recorded a year-over-year increase, with activity also rising month-over-month as the spring market begins to show renewed activity.
The Fraser Valley Real Estate Board recorded 1,118 sales on its Multiple Listing Service® (MLS®) in April, an 11 per cent increase from March and seven per cent above the same month last year.
Sellers continued to enter the spring market, with new listings rising six per cent from March to 3,549 — still above seasonal norms, but lower than this time last year.
“Market activity is picking up as we move through the spring, but overall conditions remain firmly in buyers’ favour,” said Ishaq Ismail, Chair of the Fraser Valley Real Estate Board. “With inventory at healthy levels and housing affordability improving, buyers continue to have the advantage, although confidence remains tempered by ongoing economic uncertainty and persistent market headwinds.”
Overall inventory remains elevated in the Fraser Valley, with 9,816 active listings, up seven per cent from March and 45 per cent above the 10-year seasonal average.
The Fraser Valley remains in a buyer’s market, with an overall sales-to-active listings ratio of 11 per cent in April. A balanced market is typically defined by a ratio between 12 and 20 per cent.
“Current conditions are creating a more favourable buying environment than we’ve seen in recent years,” said Baldev Gill, CEO of the Fraser Valley Real Estate Board. “Buyers would be well-advised to consult with a REALTOR® to time their purchases to maximize the benefits of lower home prices while taking advantage of current borrowing costs.
” Across the Fraser Valley in April, the average number of days to sell a single-family detached home was 37 days, while for a townhome it was 32 days. Condos took, on average, 42 days to sell.
For the second month in a row, the composite Benchmark price for a typical home in the Fraser Valley increased, up 0.1 per cent in April, to $899,200.
Full package: https://www.fvreb.bc.ca/statistics/Package202604.pdf
MLS BENCHMARK PRICE ACTIVITY for APRIL 2026 for *WHITE ROCK/SOUTH SURREY*
• Single Family Detached: At $1,740,600 the Benchmark price for a single-family detached home in the South Surrey/White Rock area decreased 8.2% from $1,895,200 from April last year but increased 1.3% from last month in March ($1,718,500).
• Townhomes: At $878,200, the Benchmark price for a townhome decreased 8.1% from April last year ($956,100) and increased1.1% from last month in March ($868,400).
• Apartments: At $588,200 the Benchmark price for apartments/condos decreased 4.8% from $617,900 compared to April last year, but increased 3% from last month in March ($571,000).
SALES FOR APRIL 2026 (for *WHITE ROCK & SOUTH SURREY*)
Detached: 72 sales, up 38.5% from 52 last month and up 38.5% from April last year (52).
Townhouses: 44 sales, down from 46 last month but up from 42 last year in April.
Apartments: 52 sales, up from 44 last month but down 27.8% from 72 last year in April.
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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.