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Monthly Statistics Package Fraser Valley Real Estate Board August 2023

News Release Fraser Valley Real Estate Board For Immediate Release September 5 2023 Fraser Valley real estate sales dip in August prices hold steady SURREY BC A combination of seasonal trends and cautious anticipation of the next rate announcement saw the Fraser Valley real estate market slow in August as sales fell slightly for the second month after reaching a 15 month high in June The Fraser Valley Real Estate Board recorded 1 273 sales on its Multiple Listing Service MLS in August 2023 a decrease of 6 9 per cent compared to July Sales were up 25 2 per cent compared to August 2022 New listings dropped to 2 622 in August a decrease of 8 2 per cent over last month but 28 2 per cent above this time last year Active listings have been rising since last December and grew again in August by 1 5 per cent to 6 291 just 7 per cent off the ten year average Many buyers are in watchful waiting mode as they hold off on decisions in anticipation of potential further rate changes said Narinder Bains Chair of the Fraser Valley Real Estate Board With prices relatively stable and active inventory on the rise we hope to see more new listings come on stream over the next couple of months especially if rates hold steady With a sales to active listings ratio of 16 per cent the market for detached homes was balanced between supply and demand Demand for townhomes and apartments remained stronger 38 per cent and 32 per cent respectively The market is considered balanced when the sales to active listings ratio is between 12 per cent and 20 per cent Benchmark prices in the Fraser Valley remained relatively unchanged compared to last month with gains of less than one per cent across all property types See below for more information We expect to see market activity pick up heading into the fall months said FVREB CEO Baldev Gill That said with the uncertainty surrounding interest rates as well as the potential impact of provincial housing strategy initiatives buyers and sellers would be well advised to consult with a professional REALTOR to assess any risks and opportunities before making a decision On average properties spent between two and four weeks on the market before selling with townhomes and apartments moving faster 16 and 20 days respectively than detached homes 25 days Contact Vanessa Cheng Communications Coordinator Fraser Valley Real Estate Board vanessa cheng fvreb bc ca Telephone 604 930 7652 www fvreb bc ca FVREB Stats

News Release Fraser Valley Real Estate Board MLS HPI Benchmark Price Activity Single Family Detached At 1 534 500 the Benchmark price for an FVREB single family detached home decreased 0 6 per cent compared to July 2023 and increased 1 6 per cent compared to August 2022 Townhomes At 846 200 the Benchmark price for an FVREB townhome decreased 0 5 per cent compared to July 2023 and increased 0 9 per cent compared to August 2022 Apartments At 553 500 the Benchmark price for an FVREB apartment condo decreased 0 4 per cent compared to July 2023 and increased 2 5 per cent compared to August 2022 30 The Fraser Valley Real Estate Board is an association of 5 105 real estate professionals who live and work in the BC communities of Abbotsford Langley Mission North Delta Surrey and White Rock Contact Vanessa Cheng Communications Coordinator Fraser Valley Real Estate Board vanessa cheng fvreb bc ca Telephone 604 930 7652 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 August 2023 Aug 23 1 273 2 622 6 291 972 479 All Property Types Aug 22 change Jul 23 1 017 25 2 1 368 2 045 28 2 2 855 5 871 7 2 6 199 959 608 1 3 1 007 026 change 6 9 8 2 1 5 3 4 Grand Totals year to date Sales year to date New Listings year to date All Property Types 2023 2022 change 10 915 11 943 8 6 21 243 25 476 16 6 Aug 23 Aug 22 388 315 971 712 2 477 2 231 1 534 500 1 510 900 1 475 000 1 330 000 1 561 351 1 458 424 Detached change Jul 23 23 2 402 36 4 1 080 11 0 2 426 1 6 1 543 300 10 9 1 450 500 7 1 1 545 678 change Aug 23 3 5 316 10 1 522 2 1 839 0 6 846 200 1 7 825 000 1 0 834 696 Townhouse Aug 22 change Jul 23 282 12 1 373 461 13 2 587 1 092 23 2 832 839 000 0 9 850 300 790 000 4 4 848 888 810 038 3 0 846 681 change Aug 23 15 3 414 11 1 709 0 8 1 311 0 5 553 500 2 8 540 000 1 4 557 198 Apartment Aug 22 change Jul 23 305 35 7 462 554 28 0 771 1 208 8 5 1 275 539 800 2 5 555 500 514 900 4 9 537 250 539 217 3 3 559 088 change 10 4 8 0 2 8 0 4 0 5 0 3 Aug 23 Aug 22 59 45 138 105 380 340 1 214 300 1 217 900 1 131 031 1 100 000 1 199 025 1 175 319 Detached change Jul 23 31 1 62 31 4 161 11 8 389 0 3 1 246 800 2 8 1 107 500 2 0 1 153 094 change Aug 23 4 8 36 14 3 60 2 3 102 2 6 653 400 2 1 642 500 4 0 648 361 Townhouse Aug 22 change Jul 23 27 33 3 52 80 25 0 66 189 46 0 99 709 400 7 9 645 800 647 000 0 7 687 450 638 799 1 5 659 948 change Aug 23 30 8 62 9 1 116 3 0 175 1 2 452 000 6 5 421 250 1 8 438 461 Apartment Aug 22 change Jul 23 40 55 0 87 99 17 2 129 235 25 5 160 448 200 0 8 449 700 424 950 0 9 460 000 445 240 1 5 462 863 change 28 7 10 1 9 4 0 5 8 4 5 3 Aug 23 Aug 22 33 14 71 73 199 223 1 060 100 1 010 500 975 000 957 500 1 006 755 995 369 Detached change Jul 23 135 7 39 2 7 76 10 8 192 4 9 1 056 000 1 8 1 074 800 1 1 1 115 338 change Aug 23 15 4 7 6 6 19 3 6 29 0 4 673 700 9 3 705 000 9 7 699 971 Townhouse Aug 22 change Jul 23 4 75 0 8 7 171 4 11 21 38 1 29 697 700 3 4 672 200 443 750 58 9 731 000 472 375 48 2 665 500 change Aug 23 12 5 9 72 7 20 0 0 61 0 2 461 200 3 6 465 000 5 2 467 433 Apartment Aug 22 change Jul 23 4 125 0 7 11 81 8 21 30 103 3 59 481 600 4 2 458 500 400 000 16 3 439 000 468 475 0 2 435 714 change 28 6 4 8 3 4 0 6 5 9 7 3 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 Aug 23 Aug 22 59 41 121 97 376 342 1 999 300 1 948 500 1 940 000 1 715 000 2 124 833 2 105 065 Detached change Jul 23 43 9 43 24 7 168 9 9 397 2 6 1 994 000 13 1 1 845 000 0 9 2 046 632 change Aug 23 37 2 43 28 0 84 5 3 120 0 3 977 600 5 1 1 035 000 3 8 1 041 946 Townhouse Aug 22 change Jul 23 55 21 8 59 59 42 4 85 151 20 5 103 938 800 4 1 972 900 920 000 12 5 966 000 960 892 8 4 1 030 374 change Aug 23 27 1 65 1 2 100 16 5 195 0 5 636 900 7 1 642 000 1 1 684 673 Apartment Aug 22 change Jul 23 54 20 4 65 91 9 9 113 194 0 5 202 613 200 3 9 636 700 563 500 13 9 650 000 632 318 8 3 717 279 change 0 0 11 5 3 5 0 0 1 2 4 5 Aug 23 Aug 22 83 66 162 121 346 353 1 638 700 1 623 900 1 475 000 1 317 500 1 578 560 1 412 484 Detached change Jul 23 25 8 84 33 9 184 2 0 326 0 9 1 630 800 12 0 1 490 595 11 8 1 640 287 change Aug 23 1 2 77 12 0 101 6 1 135 0 5 856 200 1 0 840 000 3 8 864 722 Townhouse Aug 22 change Jul 23 68 13 2 84 107 5 6 130 202 33 2 146 882 900 3 0 848 300 790 000 6 3 851 250 786 760 9 9 858 045 change Aug 23 8 3 100 22 3 161 7 5 259 0 9 611 700 1 3 567 500 0 8 599 676 Apartment Aug 22 change Jul 23 64 56 3 106 121 33 1 177 238 8 8 245 608 900 0 5 612 900 554 750 2 3 594 750 586 441 2 3 611 258 change 5 7 9 0 5 7 0 2 4 6 1 9 Aug 23 Aug 22 25 29 65 33 180 109 1 407 700 1 344 800 1 510 000 1 255 000 1 668 824 1 295 413 Detached change Jul 23 13 8 31 97 0 91 65 1 179 4 7 1 428 900 20 3 1 451 000 28 8 1 475 225 change Aug 23 19 4 6 28 6 9 0 6 17 1 5 962 300 4 1 905 000 13 1 939 481 Townhouse Aug 22 change Jul 23 11 45 5 10 9 0 0 15 24 29 2 18 894 600 7 6 977 500 920 000 1 6 1 011 250 949 727 1 1 987 430 change Aug 23 40 0 10 40 19 5 6 39 1 6 611 500 10 5 510 000 4 9 543 200 Apartment Aug 22 change Jul 23 6 66 7 7 10 90 0 23 22 77 3 38 578 600 5 7 601 400 624 500 18 3 520 000 627 344 13 4 578 357 change 42 9 17 4 2 6 1 7 1 9 6 1 Source Fraser Valley Real Estate Board MLS Summary Page 2 of 3

Detached City of Surrey Combined Aug 23 Aug 22 change Jul 23 Sales 175 153 14 4 175 Benchmark Price 1 675 400 1 651 900 1 4 1 683 300 Average Price 1 734 039 1 636 086 6 0 1 712 049 North Surrey Central Surrey Cloverdale and South Surrey excl White Rock change Aug 23 0 0 189 0 5 881 600 1 3 861 183 Townhouse Aug 22 change Jul 23 166 13 9 218 849 700 3 8 893 000 837 902 2 8 886 517 change Aug 23 13 3 207 1 3 548 200 2 9 550 334 Apartment Aug 22 change Jul 23 169 22 5 224 529 600 3 5 553 300 539 597 2 0 540 417 change 7 6 0 9 1 8 Surrey Central Sales New Listings Active Listings Benchmark Price Median Price Average Price Aug 23 Aug 22 62 52 243 146 571 454 1 576 300 1 566 500 1 570 500 1 414 000 1 663 185 1 518 038 Detached change Jul 23 19 2 78 66 4 221 25 8 529 0 6 1 581 700 11 1 1 592 301 9 6 1 755 122 change Aug 23 20 5 85 10 0 148 7 9 277 0 3 857 900 1 4 820 000 5 2 816 819 Townhouse Aug 22 change Jul 23 64 32 8 92 122 21 3 162 337 17 8 282 828 200 3 6 876 900 785 000 4 5 850 000 785 539 4 0 840 958 change Aug 23 7 6 37 8 6 61 1 8 115 2 2 584 000 3 5 555 000 2 9 563 286 Apartment Aug 22 change Jul 23 30 23 3 31 61 0 0 72 115 0 0 116 543 300 7 5 580 600 520 000 6 7 577 500 520 741 8 2 562 307 change 19 4 15 3 0 9 0 6 3 9 0 2 Surrey Cloverdale Sales New Listings Active Listings Benchmark Price Median Price Average Price Aug 23 Aug 22 27 36 66 58 131 127 1 552 900 1 481 200 1 480 000 1 265 000 1 449 333 1 356 463 Detached change Jul 23 25 0 28 13 8 67 3 1 119 4 8 1 566 400 17 0 1 495 000 6 8 1 516 711 change Aug 23 3 6 38 1 5 59 10 1 80 0 9 861 000 1 0 836 000 4 4 821 997 Townhouse Aug 22 change Jul 23 28 35 7 38 47 25 5 71 94 14 9 80 820 100 5 0 877 100 817 500 2 3 859 000 811 901 1 2 851 650 change Aug 23 0 0 14 16 9 29 0 0 39 1 8 597 100 2 7 522 000 3 5 504 285 Apartment Aug 22 change Jul 23 15 6 7 13 22 31 8 21 49 20 4 30 572 600 4 3 615 000 503 000 3 8 573 000 493 966 2 1 548 076 change 7 7 38 1 30 0 2 9 8 9 8 0 Surrey North Sales New Listings Active Listings Benchmark Price Median Price Average Price Aug 23 Aug 22 39 31 104 73 290 276 1 494 300 1 529 900 1 440 000 1 392 000 1 528 412 1 528 093 Detached change Jul 23 25 8 37 42 5 110 5 1 291 2 3 1 530 600 3 4 1 475 000 0 0 1 499 567 change Aug 23 5 4 24 5 5 42 0 3 79 2 4 783 200 2 4 672 500 1 9 743 062 Townhouse Aug 22 change Jul 23 23 4 3 30 30 40 0 47 74 6 8 75 767 800 2 0 793 000 680 000 1 1 780 000 743 699 0 1 789 929 change Aug 23 20 0 117 10 6 202 5 3 425 1 2 500 000 13 8 520 000 5 9 525 501 Apartment Aug 22 change Jul 23 91 28 6 146 139 45 3 213 324 31 2 423 487 000 2 7 506 600 500 000 4 0 501 750 505 599 3 9 513 413 change 19 9 5 2 0 5 1 3 3 6 2 4 Source Fraser Valley Real Estate Board MLS Summary Page 3 of 3

RESIDENTIAL COMBINED DETACHED TOWNHOUSE APARTMENT MLS Home Price Index Fraser Valley August 2023 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 1 147 100 348 6 0 4 1 037 700 370 6 0 9 1 233 100 393 8 1 4 809 200 367 5 2 4 1 123 400 391 6 1 3 1 095 600 352 1 1 5 1 280 700 334 6 0 1 1 049 800 352 6 0 2 819 600 369 9 1 7 979 900 380 8 0 3 LOWER MAINLAND FRASER VALLEY BOARD NORTH DELTA NORTH SURREY SURREY CLOVERDALE SOUTH SURREY WHITE ROCK LANGLEY ABBOTSFORD MISSION 1 802 100 394 6 0 0 1 534 500 434 3 0 6 1 407 700 423 4 1 5 1 494 300 461 9 2 4 1 576 300 449 7 0 4 1 552 900 435 1 0 9 1 999 300 385 4 0 3 1 638 700 430 4 0 5 1 214 300 418 6 2 6 1 060 100 388 5 0 4 LOWER MAINLAND FRASER VALLEY BOARD NORTH DELTA NORTH SURREY SURREY CLOVERDALE SOUTH SURREY WHITE ROCK LANGLEY ABBOTSFORD MISSION 976 700 371 9 0 2 846 200 380 8 0 5 962 300 448 0 1 6 783 200 445 0 1 2 857 900 393 0 2 2 861 000 352 6 1 8 977 600 310 6 0 5 856 200 376 8 0 9 653 400 360 2 1 2 673 700 347 1 0 2 LOWER MAINLAND FRASER VALLEY BOARD NORTH DELTA NORTH SURREY SURREY CLOVERDALE SOUTH SURREY WHITE ROCK LANGLEY ABBOTSFORD MISSION 716 800 358 0 0 3 553 500 449 6 0 4 611 500 583 5 1 7 500 000 458 7 1 3 584 000 530 4 0 6 597 100 431 1 2 9 636 900 374 0 0 0 611 700 423 9 0 2 452 000 474 3 0 5 461 200 408 9 0 6 THREE MONTH CHANGE SIX MONTH CHANGE ONE YEAR CHANGE THREE YEAR CHANGE FIVE YEAR TEN YEAR CHANGE CHANGE 1 8 7 6 1 7 1 8 9 3 0 2 2 0 11 7 4 5 0 6 5 2 2 5 1 2 9 7 0 0 1 0 8 8 4 3 2 7 9 9 1 8 3 8 9 3 1 3 1 1 10 7 3 7 2 2 15 0 3 9 32 8 26 7 94 3 43 5 39 5 132 5 40 2 41 6 147 7 39 5 33 7 123 5 45 4 46 4 151 8 47 5 46 7 148 8 46 1 36 2 98 1 38 2 33 2 136 2 41 7 37 9 164 4 48 1 51 0 192 9 3 2 10 8 2 8 2 9 12 0 1 5 1 8 12 1 4 7 1 5 8 4 2 3 2 7 12 5 0 6 2 6 10 8 4 8 4 4 11 7 2 6 4 0 11 4 0 9 0 6 13 9 0 3 2 5 16 2 4 9 37 4 35 8 111 7 46 3 50 8 167 8 41 7 45 9 163 1 44 2 53 2 183 4 48 7 55 9 183 7 47 2 56 1 185 1 43 2 39 8 130 2 42 9 49 6 186 2 40 8 48 2 189 1 47 2 52 2 200 0 2 1 6 6 2 6 2 4 8 6 0 9 3 7 13 1 7 6 2 9 9 4 2 0 0 9 8 9 3 6 0 7 7 9 5 0 1 8 9 1 4 1 4 3 8 2 3 0 4 4 7 7 7 9 4 2 9 2 3 5 40 7 37 3 139 3 45 9 43 6 163 4 40 9 41 8 154 1 42 9 34 6 196 1 46 8 48 4 172 7 45 0 44 7 167 3 45 9 41 6 118 4 46 0 42 9 176 7 43 8 37 8 175 0 45 3 46 6 172 0 1 3 6 0 4 0 2 1 8 6 2 5 5 2 7 9 5 7 1 3 4 7 2 7 4 5 8 8 7 5 6 1 5 7 4 3 1 7 10 7 3 9 4 7 10 1 0 5 6 1 12 3 0 9 1 3 4 3 4 2 26 7 21 0 114 4 42 1 38 8 191 4 31 2 7 9 244 9 34 4 32 4 177 2 48 0 42 6 234 6 33 8 33 5 178 9 42 3 40 8 156 7 42 2 40 3 197 3 49 4 46 9 231 9 47 4 37 1 229 2 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 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 August month end 20 Ratio 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Fraser Valley Real Estate Board

525 0 500 0 475 0 450 0 425 0 400 0 375 0 350 0 325 0 300 0 275 0 250 0 225 0 200 0 175 0 150 0 125 0 100 0 75 0 50 0 MLS Home Price Index Fraser Valley Detached Townhouse Apartment 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 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 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

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 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