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Monthly Statistics Package Fraser Valley Real Estate Board October 2024

News Release Fraser Valley Real Estate Board For Immediate Release November 4 2024 Rising home sales a sign of market shift in the Fraser Valley SURREY BC Home sales in the Fraser Valley increased for the first time in five months following a sizable interest rate cut by the Bank of Canada in October The Fraser Valley Real Estate Board recorded 1 330 sales in October up 35 per cent from September and 37 per cent year over year After waiting it out on the sidelines for a number of months buyers seem to be finally responding to the series of successive rate cuts by the Bank of Canada said Jeff Chadha Chair of the Fraser Valley Real Estate Board Whether this is an indication of further sales trends remains to be seen especially as the feds eye a possible additional cut before year end New listings declined in October down 5 per cent to 3 194 but increased 26 per cent year over year Overall inventory dipped in October to 8 799 down three per cent from September but up 34 per cent over last year Rising sales and steady inventory levels have the Fraser Valley in a balanced market with a sales to active ratio of 15 per cent The market is considered to be balanced when the ratio is between 12 per cent and 20 per cent October s healthy sales boost is a welcome development for buyers and sellers alike said Baldev Gill CEO of the Fraser Valley Real Estate Board The coming weeks and months will shed more light on whether buyer optimism has returned now that the cycle of interest rate cuts is in full swing Across the Fraser Valley in October the average number of days to sell a single family detached home was 34 while for a condo it was 32 Townhomes took on average 29 days to sell Benchmark prices in the Fraser Valley dipped for the seventh straight month in October with the composite Benchmark price down 0 7 per cent to 971 700 MLS HPI Benchmark Price Activity Single Family Detached At 1 488 000 the Benchmark price for an FVREB single family detached home decreased 0 9 per cent compared to September 2024 and decreased 0 6 per cent compared to October 2023 Townhomes At 832 200 the Benchmark price for an FVREB townhome decreased 0 3 per cent compared to September 2024 and decreased 1 4 per cent compared to October 2023 Apartments At 543 300 the Benchmark price for an FVREB apartment condo decreased 0 3 per cent compared to September 2024 and increased 0 1 per cent compared to October 2023 30 The Fraser Valley Real Estate Board is an association of 5 257 real estate professionals who live and work in the BC communities of Abbotsford Langley Mission North Delta Surrey and White Rock Contact Nikki Hewitt Senior Communications Specialist Fraser Valley Real Estate Board nikki hewitt fvreb bc ca Telephone 604 930 7654 www fvreb bc ca FVREB Stats

Grand Totals Sales New Listings Active Listings Average Price All Areas Combined Sales New Listings Active Listings Benchmark Price Median Price Average Price Abbotsford Sales New Listings Active Listings Benchmark Price Median Price Average Price Mission Sales New Listings Active Listings Benchmark Price Median Price Average Price MLS Summary Fraser Valley October 2024 Oct 24 1 330 3 194 8 799 1 017 374 All Property Types Oct 23 change Sep 24 970 37 1 982 2 535 26 0 3 352 6 580 33 7 9 045 994 331 2 3 1 025 762 change 35 4 4 7 2 7 0 8 Grand Totals year to date Sales year to date New Listings year to date All Property Types 2024 2023 change 12 448 12 985 4 1 32 043 26 638 20 3 Oct 24 470 1 040 3 110 1 488 000 1 385 000 1 480 346 Oct 23 318 933 2 560 1 497 500 1 400 000 1 533 748 Detached change Sep 24 47 8 317 11 5 1 252 21 5 3 294 0 6 1 501 100 1 1 1 420 000 3 5 1 557 112 change Oct 24 48 3 331 16 9 681 5 6 1 384 0 9 832 200 2 5 815 000 4 9 827 497 Townhouse Oct 23 change Sep 24 218 51 8 263 482 41 3 690 897 54 3 1 419 844 400 1 4 834 400 822 000 0 9 830 000 831 655 0 5 853 469 change Oct 24 25 9 395 1 3 964 2 5 2 228 0 3 543 300 1 8 539 000 3 0 551 554 Apartment Oct 23 change Sep 24 319 23 8 296 726 32 8 950 1 427 56 1 2 255 542 600 0 1 545 000 514 000 4 9 529 000 542 450 1 7 557 198 change 33 4 1 5 1 2 0 3 1 9 1 0 Oct 24 79 152 428 1 195 900 1 180 000 1 200 098 Oct 23 45 140 354 1 177 300 1 125 000 1 178 586 Detached change Sep 24 75 6 64 8 6 190 20 9 440 1 6 1 200 700 4 9 1 097 500 1 8 1 206 471 change Oct 24 23 4 41 20 0 73 2 7 170 0 4 649 000 7 5 670 000 0 5 663 532 Townhouse Oct 23 change Sep 24 34 20 6 30 49 49 0 69 103 65 0 172 639 400 1 5 657 500 661 500 1 3 683 500 688 193 3 6 644 726 change Oct 24 36 7 58 5 8 120 1 2 280 1 3 446 700 2 0 428 000 2 9 441 584 Apartment Oct 23 change Sep 24 64 9 4 50 99 21 2 142 157 78 3 283 430 800 3 7 433 600 425 000 0 7 435 000 428 270 3 1 442 864 change 16 0 15 5 1 1 3 0 1 6 0 3 Oct 24 45 87 255 1 017 100 999 990 1 051 680 Oct 23 28 63 213 1 003 200 1 014 500 1 026 285 Detached change Sep 24 60 7 22 38 1 83 19 7 259 1 4 1 003 400 1 4 915 000 2 5 973 772 change Oct 24 104 5 4 4 8 18 1 5 46 1 4 675 200 9 3 677 450 8 0 639 350 Townhouse Oct 23 change Sep 24 4 0 0 7 14 28 6 10 38 21 1 39 648 900 4 1 672 000 714 900 5 2 704 900 697 450 8 3 699 042 change Oct 24 42 9 4 80 0 23 17 9 40 0 5 459 800 3 9 385 017 8 5 392 483 Apartment Oct 23 change Sep 24 3 33 3 4 8 187 5 13 31 29 0 36 449 300 2 3 462 800 348 000 10 6 439 250 350 333 12 0 479 100 change 0 0 76 9 11 1 0 6 12 3 18 1 Source Fraser Valley Real Estate Board MLS Summary Page 1 of 3

White Rock South Surrey Sales New Listings Active Listings Benchmark Price Median Price Average Price Langley Sales New Listings Active Listings Benchmark Price Median Price Average Price Delta North Sales New Listings Active Listings Benchmark Price Median Price Average Price Oct 24 68 161 544 1 908 200 1 705 000 1 947 788 Oct 23 46 143 407 1 940 200 1 683 500 2 078 513 Detached change Sep 24 47 8 43 12 6 232 33 7 580 1 6 1 934 500 1 3 1 770 000 6 3 2 379 721 change Oct 24 58 1 56 30 6 111 6 2 246 1 4 957 800 3 7 954 000 18 2 976 996 Townhouse Oct 23 change Sep 24 36 55 6 49 91 22 0 147 156 57 7 263 969 200 1 2 964 600 973 500 2 0 974 000 1 014 080 3 7 1 036 819 change Oct 24 14 3 71 24 5 167 6 5 350 0 7 644 000 2 1 619 000 5 8 672 126 Apartment Oct 23 change Sep 24 48 47 9 44 106 57 5 164 216 62 0 361 637 900 1 0 646 000 606 500 2 1 623 000 723 541 7 1 757 831 change 61 4 1 8 3 0 0 3 0 6 11 3 Oct 24 84 158 450 1 613 500 1 397 499 1 493 969 Oct 23 57 143 376 1 621 400 1 480 000 1 677 527 Detached change Sep 24 47 4 71 10 5 221 19 7 489 0 5 1 633 700 5 6 1 494 000 10 9 1 623 331 change Oct 24 18 3 82 28 5 135 8 0 221 1 2 864 800 6 5 829 950 8 0 856 389 Townhouse Oct 23 change Sep 24 58 41 4 78 100 35 0 153 150 47 3 238 874 600 1 1 873 100 842 500 1 5 865 950 860 617 0 5 883 929 change Oct 24 5 1 99 11 8 212 7 1 445 1 0 604 800 4 2 550 000 3 1 579 953 Apartment Oct 23 change Sep 24 74 33 8 86 162 30 9 234 284 56 7 455 607 900 0 5 606 500 548 500 0 3 551 500 558 389 3 9 567 633 change 15 1 9 4 2 2 0 3 0 3 2 2 Oct 24 27 68 184 1 412 500 1 362 000 1 442 685 Oct 23 32 76 197 1 380 400 1 297 500 1 393 260 Detached change Sep 24 15 6 20 10 5 78 6 6 182 2 3 1 468 200 5 0 1 410 000 3 5 1 476 225 change Oct 24 35 0 4 12 8 14 1 1 31 3 8 939 100 3 4 841 500 2 3 847 250 Townhouse Oct 23 change Sep 24 6 33 3 5 8 75 0 9 15 106 7 28 986 500 4 8 929 700 866 444 2 9 860 000 828 981 2 2 924 400 change Oct 24 20 0 10 56 25 10 7 50 1 0 580 700 2 2 528 500 8 3 526 700 Apartment Oct 23 change Sep 24 13 23 1 4 18 38 9 20 35 42 9 56 576 100 0 8 581 300 519 000 1 8 617 500 553 569 4 9 617 500 change 150 0 25 0 10 7 0 1 14 4 14 7 Source Fraser Valley Real Estate Board MLS Summary Page 2 of 3

Detached City of Surrey Combined Oct 24 Oct 23 change Sep 24 Sales 233 145 60 7 139 Benchmark Price 1 616 900 1 638 600 1 3 1 628 600 Average Price 1 662 715 1 690 000 1 6 1 795 744 North Surrey Central Surrey Cloverdale and South Surrey excl White Rock change Oct 24 67 6 200 0 7 861 600 7 4 852 632 Townhouse Oct 23 change Sep 24 114 75 4 143 874 500 1 5 861 200 859 507 0 8 885 725 change Oct 24 39 9 224 0 0 526 700 3 7 571 427 Apartment Oct 23 change Sep 24 149 50 3 151 534 100 1 4 539 300 545 193 4 8 590 162 change 48 3 2 3 3 2 Surrey Central Sales New Listings Active Listings Benchmark Price Median Price Average Price Oct 24 72 224 668 1 517 600 1 527 450 1 540 550 Oct 23 52 187 556 1 556 800 1 443 750 1 554 709 Detached change Sep 24 38 5 50 19 8 225 20 1 695 2 5 1 509 500 5 8 1 512 500 0 9 1 581 628 change Oct 24 44 0 81 0 4 181 3 9 438 0 5 819 400 1 0 810 000 2 6 800 044 Townhouse Oct 23 change Sep 24 49 65 3 43 146 24 0 194 303 44 6 461 848 800 3 5 828 000 794 000 2 0 829 900 806 812 0 8 822 322 change Oct 24 88 4 29 6 7 92 5 0 249 1 0 571 600 2 4 548 000 2 7 538 510 Apartment Oct 23 change Sep 24 22 31 8 16 66 39 4 83 137 81 8 233 559 000 2 3 574 700 572 964 4 4 540 000 530 971 1 4 531 367 change 81 3 10 8 6 9 0 5 1 5 1 3 Surrey Cloverdale Sales New Listings Active Listings Benchmark Price Median Price Average Price Oct 24 42 77 181 1 493 600 1 472 500 1 646 119 Oct 23 28 77 148 1 463 500 1 405 500 1 438 453 Detached change Sep 24 50 0 24 0 0 90 22 3 205 2 1 1 507 100 4 8 1 502 500 14 4 1 520 005 change Oct 24 75 0 45 14 4 88 11 7 119 0 9 854 200 2 0 825 000 8 3 832 291 Townhouse Oct 23 change Sep 24 21 114 3 36 43 104 7 70 69 72 5 115 849 900 0 5 850 600 798 000 3 4 778 750 781 442 6 5 800 439 change Oct 24 25 0 14 25 7 40 3 5 76 0 4 587 100 5 9 569 000 4 0 557 367 Apartment Oct 23 change Sep 24 12 16 7 14 25 60 0 32 38 100 0 65 576 000 1 9 605 300 495 700 14 8 585 000 486 150 14 6 609 171 change 0 0 25 0 16 9 3 0 2 7 8 5 Surrey North Sales New Listings Active Listings Benchmark Price Median Price Average Price Oct 24 51 113 394 1 475 300 1 400 000 1 468 754 Oct 23 30 100 302 1 473 700 1 340 000 1 634 096 Detached change Sep 24 70 0 22 13 0 129 30 5 431 0 1 1 498 300 4 5 1 440 000 10 1 1 441 772 change Oct 24 131 8 18 12 4 61 8 6 113 1 5 793 900 2 8 697 000 1 9 753 216 Townhouse Oct 23 change Sep 24 10 80 0 15 31 96 8 38 63 79 4 103 787 400 0 8 747 700 799 950 12 9 759 000 777 190 3 1 778 593 change Oct 24 20 0 110 60 5 285 9 7 735 6 2 480 300 8 2 505 950 3 3 516 899 Apartment Oct 23 change Sep 24 83 32 5 77 242 17 8 262 527 39 5 763 490 300 2 0 489 000 507 000 0 2 489 000 527 940 2 1 503 112 change 42 9 8 8 3 7 1 8 3 5 2 7 Source Fraser Valley Real Estate Board MLS Summary Page 3 of 3

RESIDENTIAL COMBINED DETACHED TOWNHOUSE APARTMENT MLS Home Price Index Fraser Valley October 2024 BENCHMARK INDEX PRICE HPI ONE MONTH CHANGE LOWER MAINLAND FRASER VALLEY BOARD NORTH DELTA NORTH SURREY SURREY CLOVERDALE SOUTH SURREY WHITE ROCK LANGLEY ABBOTSFORD MISSION 1 103 600 336 9 0 7 971 700 348 8 0 7 1 214 300 385 7 2 9 736 400 334 7 0 7 1 034 300 361 6 0 4 1 036 500 343 4 1 0 1 174 600 308 1 1 3 1 031 200 346 4 0 9 774 200 351 7 0 1 909 800 357 3 0 9 LOWER MAINLAND FRASER VALLEY BOARD NORTH DELTA NORTH SURREY SURREY CLOVERDALE SOUTH SURREY WHITE ROCK LANGLEY ABBOTSFORD MISSION 1 785 600 391 9 0 9 1 488 000 423 0 0 9 1 412 500 424 2 3 8 1 475 300 456 2 1 5 1 517 600 435 1 0 5 1 493 600 425 6 0 9 1 908 200 368 4 1 4 1 613 500 426 4 1 2 1 195 900 413 7 0 4 1 017 100 375 3 1 4 LOWER MAINLAND FRASER VALLEY BOARD NORTH DELTA NORTH SURREY SURREY CLOVERDALE SOUTH SURREY WHITE ROCK LANGLEY ABBOTSFORD MISSION 974 300 372 0 0 4 832 200 373 5 0 3 939 100 409 2 1 0 793 900 452 6 6 2 819 400 376 2 1 1 854 200 350 4 0 4 957 800 304 3 0 7 864 800 373 7 1 0 649 000 359 0 1 3 675 200 360 1 0 5 LOWER MAINLAND FRASER VALLEY BOARD NORTH DELTA NORTH SURREY SURREY CLOVERDALE SOUTH SURREY WHITE ROCK LANGLEY ABBOTSFORD MISSION 704 500 353 5 0 5 543 300 445 0 0 3 580 700 556 2 0 1 480 300 443 5 1 8 571 600 521 1 0 5 587 100 433 0 3 0 644 000 380 2 0 3 604 800 420 9 0 3 446 700 478 8 3 0 459 800 412 0 0 7 THREE MONTH CHANGE 2 3 2 7 3 9 3 1 4 0 1 6 2 9 1 5 3 0 3 6 2 4 2 7 4 2 2 5 2 9 1 9 3 6 1 3 3 1 3 0 1 6 2 0 4 9 3 7 4 4 0 5 1 2 1 6 2 7 1 5 1 4 1 4 0 6 3 4 0 1 1 9 1 4 2 2 0 3 1 5 SIX MONTH CHANGE 3 0 3 6 0 8 5 1 4 6 3 6 3 7 1 9 3 4 5 3 1 7 2 5 0 6 1 9 2 6 1 9 2 8 1 9 3 3 4 5 2 4 2 6 1 1 0 0 4 8 3 6 2 4 0 4 2 4 0 9 2 5 2 2 1 9 4 9 1 2 4 2 1 0 2 5 1 0 1 2 ONE YEAR CHANGE 2 2 3 8 0 5 6 8 5 9 0 4 5 4 1 1 1 4 1 6 0 6 0 6 2 3 0 1 2 5 2 0 1 7 0 5 1 6 1 4 0 2 1 5 4 8 0 8 3 5 0 5 1 2 1 1 1 5 4 1 1 2 0 1 0 8 2 0 2 3 1 9 1 0 0 5 3 7 2 3 THREE YEAR CHANGE 3 6 0 0 4 3 5 2 0 9 2 9 2 3 5 0 3 2 4 1 7 3 3 4 5 6 3 8 4 1 2 6 7 1 3 6 1 7 2 2 13 0 11 0 9 5 18 2 8 4 9 5 10 3 14 7 9 4 13 0 11 2 16 0 18 0 11 8 22 5 11 8 19 0 15 6 19 1 20 2 FIVE YEAR CHANGE 36 1 44 7 44 8 37 3 43 8 51 1 43 4 44 3 46 4 49 5 46 0 54 1 50 9 58 7 53 3 54 0 46 3 53 3 53 4 54 2 46 8 50 1 42 1 51 5 48 9 51 6 50 5 52 0 46 8 55 1 30 6 48 9 29 5 36 3 55 4 44 3 50 3 51 2 59 0 53 9 TEN YEAR CHANGE 78 5 112 2 133 5 94 9 128 0 133 6 81 5 121 2 138 8 161 4 97 8 150 4 153 1 167 9 164 8 162 7 109 6 165 2 173 6 176 4 131 1 153 7 127 0 193 5 162 5 163 1 109 0 167 7 175 3 176 8 105 1 181 7 228 1 162 9 231 7 167 8 162 0 189 7 232 0 233 1 Fraser Valley Real Estate Board All indices equal 100 in January 2005 An index of 120 indicates a 20 increase in price since January 2005 Lower Mainland combines data across the Fraser Valley and Greater Vancouver real estate board areas

14 000 12 000 10 000 8 000 6 000 4 000 2 000 0 Sales Listings Active Inventory All Types Fraser Valley Actives Listings Sales 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Fraser Valley Real Estate Board

Sales to Active Listings Ratio All Types Fraser Valley 100 90 According to BCREA a balanced market in the Lower Mainland ranges between 12 20 This graph includes all Residential and Commercial property types 80 70 Sellers Market 60 50 40 30 Balanced Market 20 10 Buyers Market 0 October month end 15 Ratio 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Fraser Valley Real Estate Board

MLS Home Price Index Fraser Valley Detached Townhouse Apartment 525 500 475 450 425 400 375 350 325 300 275 250 225 200 175 150 125 100 75 50 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Fraser Valley Real Estate Board

1 900 000 1 800 000 1 700 000 1 600 000 1 500 000 1 400 000 1 300 000 1 200 000 1 100 000 1 000 000 900 000 800 000 700 000 600 000 500 000 400 000 300 000 200 000 100 000 MLS Home Price Index Benchmark Prices Fraser Valley Detached Townhouse Apartment 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Fraser Valley Real Estate Board

2 000 000 1 800 000 1 600 000 1 400 000 1 200 000 1 000 000 800 000 600 000 400 000 200 000 0 Fraser Valley Real Estate Board Average Price Residential Detached all Fraser Valley 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024

1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 40 000 35 000 30 000 25 000 20 000 15 000 10 000 5 000 Annual Sales New Listings Average Price All Property Types Fraser Valley Sales New Listings Average Price Fraser Valley Real Estate Board 1 200 000 1 000 000 800 000 600 000 400 000 200 000