B.C.'s Fraser Valley home prices down 26 per cent from 2022 in sluggish market
Benchmark prices fell 26% from the 2022 peak as 1,147 June sales and 10,377 active listings kept Fraser Valley in buyer’s market territory.
- On Friday, the Fraser Valley Real Estate Board reported that June composite benchmark home prices fell 7 per cent year-over-year to $884,800, with 1,147 sales recorded on its Multiple Listing Service.
- Board chair Ishaq Ismail noted the spring market underperformed expectations despite improving affordability, with 10,377 active listings maintaining buyer-friendly conditions across the region.
- Apartment prices saw the sharpest decline, dropping 9.1 per cent annually to $476,400, while single-family homes fell 7.7 per cent to $1,350,200 and townhomes decreased 7.3 per cent to $764,100.
- CEO Baldev Gill stated "Buyers are still holding back" despite improved conditions, though a recent agreement between Build Canada Homes and BC Housing may help improve access to ownership.
- Benchmark prices remain 26 per cent below their 2022 peak, yet data from Statistics Canada shows home prices have risen about 45 per cent faster than average incomes over the past 10 years.
11 Articles
11 Articles
Prices continue decline but buyers scarce for Langley homes
House prices in the Fraser Valley continued to decline in June, but that didn’t bring a big increase in buyers in Langley, according to the latest data from the Fraser Valley Real Estate Board (FVREB). The monthly report showed that the benchmark prices of all types of homes across the region – the average price of a “typical” home – is now 26 per cent below the peak from 2022. “The Fraser Valley spring market has under-performed expectations de…
Fraser Valley is becoming more affordable -- but buyers are still holding back
SURREY, British Columbia, July 03, 2026 (GLOBE NEWSWIRE) — 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 […]
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