2026 Fraser Valley Real Estate Predictions: What Buyers and Sellers Need to Know
After a slower and more cautious 2025, the Fraser Valley real estate market is expected to find its footing in 2026. Rather than sharp swings, the year ahead points toward stabilization, modest price movement, and a rebound in sales activity—a market that rewards strategy over speculation.
Here’s what I’m watching closely as we head into 2026.
The Fraser Valley market is entering 2026 in a balanced state, with neither buyers nor sellers fully in control. Elevated inventory levels are giving buyers more leverage—particularly in the first quarter—while sellers are beginning to see more consistent activity than we experienced through much of 2025.
This isn’t a boom, and it’s not a bust. It’s a reset.
Price Predictions for 2026
Prices across the Fraser Valley are expected to stabilize, with pockets of modest growth depending on property type and location.
Benchmark composite prices are expected to hover in the $920,000–$940,000 range, marking a transition away from the declines seen in 2025.
Province-wide forecasts suggest 0–2% price growth across BC, with the Fraser Valley remaining relatively flat as demand slowly returns.
Detached homes may still see some softness, with forecasts suggesting a potential 5% decline from late 2025 to late 2026.
Condos and townhomes could see smaller adjustments, with estimates around a 3% decline, particularly in areas with heavy supply.
In short: pricing will matter more than ever. Well-priced homes will sell. Overpriced homes will sit.
Sales & Inventory: Momentum Builds
Sales activity is expected to pick up meaningfully in 2026:
The BC Real Estate Association is forecasting a nearly 9% rebound in transactions across the province.
The Fraser Valley Real Estate Board expects sales to accelerate after a 2025 that saw volumes drop roughly 16% from 2024 levels.
Inventory remains well above historical norms, giving buyers more choice and negotiating power than we’ve seen in years.
A noticeable seasonal pickup is expected from February 2026 onward, particularly if interest rates remain stable and buyer confidence improves.
Key Drivers Shaping the 2026 Market
Interest Rates
Rate stability from the Bank of Canada—expected through at least mid-2026—should bring predictability back to the market. Even without aggressive cuts, consistency helps buyers plan and act with confidence.
Affordability
Affordability challenges aren’t disappearing, but a soft landing appears more likely than a sharp correction. The market is adjusting gradually rather than breaking.
Local Nuances Matter
Surrey and Langley are expected to remain among the most active areas, supported by density, transit access, and long-term infrastructure investment.
Abbotsford and Mission may experience longer days on market and more moderated pricing, particularly for detached homes.
Population Growth & Infrastructure
Ongoing migration and major projects—like the Surrey-Langley SkyTrain extension—continue to support long-term demand, especially for townhomes and condos near transit corridors.
What This Means for Buyers and Sellers
For Buyers:
Early 2026 could be one of the best negotiating windows we’ve seen in years. Inventory is high, sellers are realistic, and conditions reward preparation and patience.
For Sellers:
Success in 2026 will come down to pricing and presentation. The market no longer rewards “testing the waters.” Precision matters.
Final Thoughts
2026 is shaping up to be a year of stability, opportunity, and smarter decision-making in the Fraser Valley real estate market. The extremes of the past few years are fading, replaced by a market that favors informed buyers and well-advised sellers.
If you’re planning a move in 2026—or even just starting to think about one—now is the time to build a strategy.
Five Real Estate Resolutions Worth Keeping in 2026
It’s only a few days into January, and if you’ve already bent a New Year’s resolution… you’re not alone. Most resolutions fail because they’re vague or unrealistic. But when it comes to real estate, the right goals — paired with a plan — can make a meaningful difference in both lifestyle and long-term wealth.
As we head into 2026, the Fraser Valley market is more balanced than it’s been in years. Inventory is healthier, prices have stabilized, and interest rates have eased compared to recent highs. That creates real opportunity — but only for those who act strategically.
Here are five real estate resolutions worth keeping this year:
1. Stop waiting for the “perfect” market.
There will always be uncertainty. The right move isn’t about timing the market perfectly — it’s about aligning your move with your life, finances, and goals.
2. Get your finances ready early.
Knowing what you can afford before you fall in love with a home gives you confidence and flexibility when the right opportunity appears.
3. Experience neighbourhoods, not just listings.
Photos don’t show traffic, noise, or day-to-day lifestyle. Walking the neighbourhood matters more than scrolling online.
4. Don’t DIY the important stuff.
Professional guidance in pricing, negotiations, inspections, and preparation often saves far more than it costs.
5. Create a real timeline with accountability.
“Someday” goals rarely happen. A clear plan with milestones keeps momentum going and stress low.
The difference between thinking about real estate goals and actually achieving them comes down to planning, timing, and accountability.
If you’re considering a move in 2026 — whether buying, selling, or just preparing — let’s build a plan that actually sticks.
SURREY, BC – Decade-high inventory and softer prices failed to spark buyer demand in the Fraser Valley in 2025. Despite favourable conditions and increased negotiating power, many buyers stayed on the sidelines, making it one of the slowest years for sales in decades.
The Fraser Valley Real Estate Board recorded 12,224 sales on its Multiple Listing Service® (MLS®) in 2025, a decline of 16 per cent over 2024 and 33 per cent below the 10-year average. The City of Surrey accounted for the majority of 2025 sales at 48 per cent, with Langley and Abbotsford accounting for 24 per cent and 16 per cent respectively.
On the supply side, buyers had more choice than at any point in the past four decades, as new listings climbed to 37,963.
The composite Benchmark home price in the Fraser Valley closed the year at $905,900, down six per cent year-over-year, and down 24 per cent from the peak in March 2022.
December 2025
The Board recorded 919 sales on its MLS® in December, a decline of 2.5 per cent from November, and 7.5 per cent below sales from December 2024.
In line with seasonal patterns, new listings fell sharply in December, declining 39 per cent month-over-month to 1,350. Overall inventory remained above seasonal norms, ending the year with 6,965 active listings. The pullback in new listings helped lift the sales-to-active listings ratio to 13 per cent in December, bringing the market into balanced territory to close out the year. The market is considered balanced when the ratio is between 12 per cent and 20 per cent.
The composite Benchmark price for a typical home in the Fraser Valley continued to slide for the ninth straight month, down 0.7 per cent compared to November.
MLS® HPI Benchmark Price Activity
Single Family Detached: At $1,388,400 the Benchmark price for an FVREB single-family detachedhome decreased 1.2 per cent compared to November 2025 and decreased 6.2 per cent compared to December 2024.
Townhomes: At $781,300 the Benchmark price for an FVREB townhome increased 0.3 per cent compared to November 2025 and decreased 5.7 per cent compared to December 2024.
Apartments: At $491,600 the Benchmark price for an FVREB apartment/condo decreased one per cent compared to November 2025 and decreased 7.5 per cent compared to December 2024.
For the latest statistics package, click HERE
If you have any questions, feel free to reach out. I am here to help:
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.