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url("userFiles/a/4/7/9/3/1/7/6LCBy0GE0yh4QFJe5HcDxy/fonts/SymbolMT_99_bv-081d1f6e-.woff?_cbt=1781552032") format("woff"); } News Release Fraser Valley Real Estate Board Contact nikki.hewitt@fvreb.bc.ca Nikki Hewitt, Senior Communications Specialist Telephone: 604.930.7654 Fraser Valley Real Estate Board www.fvreb.bc.ca FVREB Stats For Immediate Release: June 2, 2026 Falling prices open the door for Fraser Valley move-up buyers SURREY, BC – A modest increase in Fraser Valley home sales in May suggests buyers remain engaged, albeit cautiously as economic uncertainty continues to temper the pace of the spring market. The Fraser Valley Real Estate Board recorded 1,124 sales on its Multiple Listing Service® (MLS®) in May, a 0.5 per cent increase from April, but five per cent below the same month last year. Single-family homes remained the most active segment of the Fraser Valley market in May, generating more sales than townhouses and apartments. “We’re seeing limited activity from first-time buyers right now, with much of the market being driven by homeowners looking to move up,” said Ishaq Ismail, Chair of the Fraser Valley Real Estate Board. “As prices in the detached segment have become more attainable, buyers with existing equity are finding opportunities to transition into larger homes and market segments that were out of reach just a few years ago.” Sellers were less active in May, with new listings falling both month-over-month and year-over-year as some homeowners appear to be waiting for stronger market conditions before listing. However, the Fraser Valley continues to offer buyers an abundance of choice, with 10,140 active listings on the market in May, keeping inventory well above historical norms. With a sales-to-active listings ratio of 11 per cent in May, the Fraser Valley remains in buyer’s market territory. A balanced market is typically defined by a ratio between 12 and 20 per cent. “Many households are understandably approaching major financial decisions with caution right now,” said Baldev Gill, CEO of the Fraser Valley Real Estate Board. “Between economic uncertainty, concerns about job security, and the continued pressure of higher everyday costs, confidence has been slow to recover. At the same time, buyers who are financially prepared are finding some of the most favourable market conditions we’ve seen in some time.” Across the Fraser Valley in May, the average number of days to sell a single-family detached home was 35 days, while for a townhome, it was 37 days. Condos took, on average, 40 days to sell. After two months of gains, the composite Benchmark price for a typical home in the Fraser Valley dipped, down 0.7 per cent in May, to $893,300. MLS® HPI Benchmark Price Activity • Single Family Detached: At $1,366,500 the Benchmark price for an FVREB single-family detached home decreased 0.6 per cent compared to April 2026 and decreased 7.9 per cent compared to May 2025. • Townhomes: At $769,500 the Benchmark price for an FVREB townhome decreased 0.3 per cent compared to April 2026 and decreased 7.6 per cent compared to May 2025. • Apartments: At $483,800 the Benchmark price for an FVREB apartment/condo decreased 1.5 per cent compared to April 2026 and decreased 8.8 per cent compared to May 2025. —30 — * The Fraser Valley Real Estate Board represents some 5,000 real estate professionals, and is the exclusive source of statistics and information for the Fraser Valley real estate market including, Surrey, Langley, Abbotsford, Mission, White Rock and North Delta.

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3,549 -7.0% New Listings - year to date 16,068 18,123 -11.3% Active Listings 10,140 10,626 -4.6% 9,816 3.3% Average Price 965,551 $ 978,229 $ -1.3% 975,305 $ -1.0% Detached Townhouse Apartment All Areas Combined May-26 May-25 % change Apr-26 % change May-26 May-25 % change Apr-26 % change May-26 May-25 % change Apr-26 % change Sales 413 405 2.0% 395 4.6% 308 309 -0.3% 282 9.2% 263 341 -22.9% 297 -11.4% New Listings 1,265 1,449 -12.7% 1,303 -2.9% 719 924 -22.2% 759 -5.3% 758 1,037 -26.9% 863 -12.2% Active Listings 3,470 3,851 -9.9% 3,300 5.2% 1,720 1,831 -6.1% 1,676 2.6% 2,304 2,603 -11.5% 2,260 1.9% Benchmark Price 1,366,500 $ 1,483,800 $ -7.9% 1,374,800 $ -0.6% 769,500 $ 833,000 $ -7.6% 771,600 $ -0.3% 483,800 $ 530,200 $ -8.8% 491,000 $ -1.5% Median Price 1,290,000 $ 1,388,000 $ -7.1% 1,350,000 $ -4.4% 771,500 $ 800,000 $ -3.6% 775,000 $ -0.5% 485,000 $ 530,000 $ -8.5% 495,000 $ -2.0% Average Price 1,359,190 $ 1,448,225 $ -6.1% 1,454,008 $ -6.5% 779,922 $ 824,811 $ -5.4% 778,127 $ 0.2% 500,278 $ 545,537 $ -8.3% 526,851 $ -5.0% Detached Townhouse Apartment Abbotsford May-26 May-25 % change Apr-26 % change May-26 May-25 % change Apr-26 % change May-26 May-25 % change Apr-26 % change Sales 60 78 -23.1% 61 -1.6% 47 61 -23.0% 36 30.6% 41 51 -19.6% 45 -8.9% New Listings 157 218 -28.0% 183 -14.2% 101 115 -12.2% 123 -17.9% 129 162 -20.4% 134 -3.7% Active Listings 440 497 -11.5% 430 2.3% 270 251 7.6% 279 -3.2% 364 379 -4.0% 345 5.5% Benchmark Price 1,175,000 $ 1,237,500 $ -5.1% 1,186,600 $ -1.0% 620,800 $ 667,500 $ -7.0% 610,900 $ 1.6% 389,000 $ 433,400 $ -10.2% 400,400 $ -2.8% Median Price 1,037,500 $ 1,162,500 $ -10.8% 1,063,600 $ -2.5% 655,000 $ 700,000 $ -6.4% 673,700 $ -2.8% 385,000 $ 425,000 $ -9.4% 370,000 $ 4.1% Average Price 1,137,168 $ 1,184,974 $ -4.0% 1,173,937 $ -3.1% 653,589 $ 707,436 $ -7.6% 679,943 $ -3.9% 411,451 $ 446,494 $ -7.8% 383,040 $ 7.4% Detached Townhouse Apartment Mission May-26 May-25 % change Apr-26 % change May-26 May-25 % change Apr-26 % change May-26 May-25 % change Apr-26 % change Sales 37 42 -11.9% 36 2.8% 10 3 233.3% 11 -9.1% 3 5 -40.0% 4 -25.0% New Listings 81 107 -24.3% 80 1.3% 17 21 -19.0% 19 -10.5% 16 24 -33.3% 12 33.3% Active Listings 263 284 -7.4% 260 1.2% 48 56 -14.3% 49 -2.0% 52 53 -1.9% 49 6.1% Benchmark Price 940,900 $ 1,006,400 $ -6.5% 929,500 $ 1.2% 649,400 $ 668,600 $ -2.9% 637,700 $ 1.8% 427,400 $ 453,800 $ -5.8% 430,700 $ -0.8% Median Price 950,000 $ 993,950 $ -4.4% 962,500 $ -1.3% 704,950 $ 674,500 $ 4.5% 665,000 $ 6.0% 490,000 $ 425,000 $ 15.3% 412,500 $ 18.8% Average Price 906,659 $ 1,042,935 $ -13.1% 1,020,156 $ -11.1% 713,270 $ 678,133 $ 5.2% 634,981 $ 12.3% 483,333 $ 433,160 $ 11.6% 446,225 $ 8.3% Source: Fraser Valley Real Estate Board MLS® Summary Page 1 of 3

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White Rock / South Surrey May-26 May-25 % change Apr-26 % change May-26 May-25 % change Apr-26 % change May-26 May-25 % change Apr-26 % change Sales 60 52 15.4% 72 -16.7% 61 54 13.0% 44 38.6% 49 63 -22.2% 52 -5.8% New Listings 221 230 -3.9% 265 -16.6% 126 148 -14.9% 106 18.9% 121 167 -27.5% 154 -21.4% Active Listings 656 657 -0.2% 634 3.5% 271 295 -8.1% 277 -2.2% 364 422 -13.7% 357 2.0% Benchmark Price 1,727,000 $ 1,876,300 $ -8.0% 1,740,600 $ -0.8% 863,100 $ 957,800 $ -9.9% 878,200 $ -1.7% 576,800 $ 605,300 $ -4.7% 588,200 $ -1.9% Median Price 1,682,500 $ 1,710,000 $ -1.6% 1,845,000 $ -8.8% 869,900 $ 909,950 $ -4.4% 842,500 $ 3.3% 545,000 $ 645,000 $ -15.5% 584,999 $ -6.8% Average Price 1,756,524 $ 1,862,945 $ -5.7% 2,017,591 $ -12.9% 870,015 $ 1,002,600 $ -13.2% 871,363 $ -0.2% 638,661 $ 685,552 $ -6.8% 753,520 $ -15.2% Detached Townhouse Apartment Langley May-26 May-25 % change Apr-26 % change May-26 May-25 % change Apr-26 % change May-26 May-25 % change Apr-26 % change Sales 90 74 21.6% 79 13.9% 74 75 -1.3% 73 1.4% 83 87 -4.6% 86 -3.5% New Listings 222 238 -6.7% 214 3.7% 157 220 -28.6% 174 -9.8% 161 224 -28.1% 211 -23.7% Active Listings 486 583 -16.6% 449 8.2% 311 349 -10.9% 297 4.7% 464 487 -4.7% 490 -5.3% Benchmark Price 1,522,700 $ 1,633,500 $ -6.8% 1,526,200 $ -0.2% 817,100 $ 864,200 $ -5.5% 812,000 $ 0.6% 549,100 $ 601,400 $ -8.7% 554,100 $ -0.9% Median Price 1,376,200 $ 1,431,500 $ -3.9% 1,398,000 $ -1.6% 810,000 $ 800,000 $ 1.3% 810,000 $ 0.0% 500,000 $ 535,000 $ -6.5% 531,000 $ -5.8% Average Price 1,412,104 $ 1,481,471 $ -4.7% 1,493,146 $ -5.4% 808,765 $ 831,027 $ -2.7% 838,756 $ -3.6% 518,474 $ 562,679 $ -7.9% 539,142 $ -3.8% Detached Townhouse Apartment Delta - North May-26 May-25 % change Apr-26 % change May-26 May-25 % change Apr-26 % change May-26 May-25 % change Apr-26 % change Sales 32 24 33.3% 20 60.0% 2 5 -60.0% 7 -71.4% 3 11 -72.7% 4 -25.0% New Listings 110 106 3.8% 94 17.0% 13 19 -31.6% 14 -7% 15 17 -11.8% 15 0.0% Active Listings 263 260 1.2% 245 7.3% 39 44 -11.4% 37 5.4% 40 51 -21.6% 41 -2.4% Benchmark Price 1,255,900 $ 1,337,100 $ -6.1% 1,239,800 $ 1.3% 852,600 $ 968,000 $ -11.9% 879,900 $ -3.1% 502,300 $ 564,900 $ -11.1% 512,700 $ -2.0% Median Price 1,262,950 $ 1,320,000 $ -4.3% 1,193,750 $ 5.8% 812,500 $ 884,000 $ -8.1% 780,000 $ 4.2% 404,000 $ 602,900 $ -33.0% 482,450 $ -16.3% Average Price 1,289,870 $ 1,433,785 $ -10.0% 1,318,975 $ -2.2% 812,500 $ 878,600 $ -7.5% 757,142 $ 7.3% 362,333 $ 567,272 $ -36.1% 462,475 $ -21.7% Source: Fraser Valley Real Estate Board MLS® Summary Page 2 of 3

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City of Surrey - Combined* May-26 May-25 % change Apr-26 % change May-26 May-25 % change Apr-26 % change May-26 May-25 % change Apr-26 % change Sales 185 183 1.1% 185 0.0% 173 160 8.1% 155 11.6% 111 160 -30.6% 127 -12.6% Benchmark Price 1,448,300 $ 1,598,800 $ -9.4% 1,461,000 $ -0.9% 786,600 $ 859,400 $ -8.5% 794,500 $ -1.0% 467,500 $ 517,100 $ -9.6% 474,100 $ -1.4% Average Price 1,503,625 $ 1,637,938 $ -8.2% 1,591,266 $ -5.5% 804,716 $ 864,097 $ -6.9% 783,483 $ 2.7% 485,725 $ 537,403 $ -9.6% 488,838 $ -0.6% *North Surrey, Central Surrey, Cloverdale and South Surrey, excl. White Rock Detached Townhouse Apartment Surrey - Central May-26 May-25 % change Apr-26 % change May-26 May-25 % change Apr-26 % change May-26 May-25 % change Apr-26 % change Sales 67 60 11.7% 49 36.7% 71 65 9.2% 54 31.5% 18 23 -21.7% 24 -25.0% New Listings 232 295 -21.4% 228 1.8% 184 231 -20.3% 197 -6.6% 64 102 -37.3% 82 -22.0% Active Listings 717 815 -12.0% 689 4.1% 490 526 -6.8% 475 3.2% 242 249 -2.8% 250 -3.2% Benchmark Price 1,356,500 $ 1,505,500 $ -9.9% 1,373,800 $ -1.3% 758,600 $ 824,900 $ -8.0% 768,300 $ -1.3% 488,100 $ 540,900 $ -9.8% 495,900 $ -1.6% Median Price 1,335,000 $ 1,510,000 $ -11.6% 1,377,000 $ -3.1% 761,000 $ 799,900 $ -4.9% 780,000 $ -2.4% 489,000 $ 541,000 $ -9.6% 532,500 $ -8.2% Average Price 1,417,995 $ 1,584,348 $ -10.5% 1,402,359 $ 1.1% 762,169 $ 791,531 $ -3.7% 767,035 $ -0.6% 491,642 $ 541,556 $ -9.2% 528,962 $ -7.1% Detached Townhouse Apartment Surrey - Cloverdale May-26 May-25 % change Apr-26 % change May-26 May-25 % change Apr-26 % change May-26 May-25 % change Apr-26 % change Sales 36 32 12.5% 43 -16.3% 28 32 -12.5% 34 -17.6% 10 19 -47.4% 16 -37.5% New Listings 103 106 -2.8% 94 9.6% 66 103 -35.9% 82 -19.5% 30 44 -31.8% 34 -11.8% Active Listings 216 241 -10.4% 210 2.9% 154 165 -6.7% 146 5.5% 75 90 -16.7% 74 1.4% Benchmark Price 1,378,100 $ 1,503,300 $ -8.3% 1,382,000 $ -0.3% 766,200 $ 844,100 $ -9.2% 773,100 $ -0.9% 539,000 $ 582,900 $ -7.5% 538,700 $ 0.1% Median Price 1,380,000 $ 1,457,500 $ -5.3% 1,300,000 $ 6.2% 763,500 $ 826,250 $ -7.6% 734,500 $ 3.9% 502,500 $ 545,000 $ -7.8% 446,250 $ 12.6% Average Price 1,387,444 $ 1,477,731 $ -6.1% 1,357,869 $ 2.2% 765,642 $ 833,190 $ -8.1% 762,529 $ 0.4% 492,850 $ 519,605 $ -5.1% 512,143 $ -3.8% Detached Townhouse Apartment Surrey - North May-26 May-25 % change Apr-26 % change May-26 May-25 % change Apr-26 % change May-26 May-25 % change Apr-26 % change Sales 30 43 -30.2% 33 -9.1% 15 14 7.1% 23 -34.8% 56 82 -31.7% 66 -15.2% New Listings 136 144 -5.6% 142 -4.2% 54 67 -19.4% 44 22.7% 222 297 -25.3% 221 0.5% Active Listings 421 497 -15.3% 377 11.7% 134 145 -7.6% 114 17.5% 701 869 -19.3% 652 7.5% Benchmark Price 1,270,000 $ 1,455,100 $ -12.7% 1,311,600 $ -3.2% 718,800 $ 764,100 $ -5.9% 703,600 $ 2.2% 416,400 $ 470,900 $ -11.6% 423,100 $ -1.6% Median Price 1,202,500 $ 1,430,888 $ -16.0% 1,310,000 $ -8.2% 899,900 $ 721,250 $ 24.8% 665,000 $ 35.3% 389,500 $ 463,250 $ -15.9% 446,500 $ -12.8% Average Price 1,335,913 $ 1,559,043 $ -14.3% 1,426,357 $ -6.3% 817,866 $ 764,750 $ 6.9% 684,956 $ 19.4% 429,660 $ 492,439 $ -12.7% 441,886 $ -2.8% Source: Fraser Valley Real Estate Board MLS® Summary Page 3 of 3

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YEAR PRICE (HPI) % CHANGE % CHANGE % CHANGE % CHANGE % CHANGE % CHANGE % CHANGE RESIDENTIAL LOWER MAINLAND 1,031,700 314.9 0.0 0.0 -2.0 -6.4 -8.2 0.5 14.9 COMBINED FRASER VALLEY BOARD 893,300 321.4 -0.7 -0.2 -2.1 -7.3 -11.9 -2.1 36.1 NORTH DELTA 1,075,700 342.1 0.5 -1.6 -0.8 -6.4 -11.8 -3.3 35.7 NORTH SURREY 651,800 296.8 -1.8 -3.5 -4.7 -9.9 -19.9 -12.1 16.3 SURREY 930,300 326.5 -1.4 -1.5 -3.1 -8.9 -15.8 -4.1 45.1 CLOVERDALE 954,700 320.4 -0.4 1.2 -1.1 -8.1 -9.3 4.2 57.9 SOUTH SURREY & WHITE ROCK 1,052,000 278.4 -1.1 1.1 -0.8 -6.9 -14.7 -3.2 11.7 LANGLEY 967,600 325.2 -0.3 0.4 -1.7 -6.7 -4.2 4.8 49.4 ABBOTSFORD 739,200 331.5 -0.8 -0.2 -3.1 -6.1 -9.2 -2.2 60.6 MISSION 838,500 334.1 1.3 -0.7 -3.2 -6.4 -11.0 -3.6 77.3 DETACHED LOWER MAINLAND 1,649,200 362.0 0.1 0.4 -2.6 -7.2 -5.2 3.1 19.8 FRASER VALLEY BOARD 1,366,500 389.4 -0.6 -0.3 -2.8 -7.9 -8.1 1.4 53.6 NORTH DELTA 1,255,900 377.3 1.3 -1.7 0.3 -6.1 -9.7 -0.8 41.1 NORTH SURREY 1,270,000 392.6 -3.2 -5.8 -8.7 -12.7 -13.9 -5.2 48.0 SURREY 1,356,500 389.7 -1.3 -1.2 -4.0 -9.9 -11.3 0.1 61.3 CLOVERDALE 1,378,100 396.7 -0.3 2.3 -2.0 -8.3 -7.1 4.2 67.2 SOUTH SURREY & WHITE ROCK 1,727,000 338.4 -0.8 0.2 -1.1 -8.0 -8.9 2.0 23.4 LANGLEY 1,522,700 402.1 -0.2 0.5 -1.4 -6.8 -2.8 4.6 71.8 ABBOTSFORD 1,175,000 400.5 -1.0 1.0 -3.3 -5.1 -4.4 1.2 84.4 MISSION 940,900 352.9 1.2 -0.8 -4.2 -6.5 -7.6 -1.3 85.6 TOWNHOUSE LOWER MAINLAND 917,500 350.3 0.2 0.2 -1.2 -5.9 -4.3 12.2 66.3 FRASER VALLEY BOARD 769,500 345.4 -0.3 -0.1 -1.2 -7.6 -6.8 10.4 87.9 NORTH DELTA 852,600 372.8 -3.1 -2.4 -6.9 -11.9 -10.2 5.8 65.1 NORTH SURREY 718,800 412.9 2.2 3.0 4.1 -5.9 -5.2 15.9 125.3 SURREY 758,600 349.1 -1.3 -1.1 -1.2 -8.0 -10.4 7.4 96.3 CLOVERDALE 766,200 314.9 -0.9 -1.7 -1.6 -9.2 -9.8 6.5 80.4 SOUTH SURREY & WHITE ROCK 863,100 273.0 -1.7 0.0 -1.5 -9.9 -10.1 6.4 54.2 LANGLEY 817,100 352.5 0.6 0.8 -1.3 -5.5 -1.3 16.8 100.7 ABBOTSFORD 620,800 342.2 1.6 -0.8 -2.7 -7.0 -0.4 12.8 118.4 MISSION 649,400 355.6 1.8 -0.5 0.4 -2.9 3.8 21.2 126.2 APARTMENT LOWER MAINLAND 646,800 324.5 -0.8 -1.3 -2.2 -7.8 -8.3 4.8 46.9 FRASER VALLEY BOARD 483,800 398.5 -1.5 -0.9 -2.6 -8.8 -9.8 10.0 113.6 NORTH DELTA 502,300 486.3 -2.0 -1.5 -5.2 -11.1 -12.2 6.9 100.4 NORTH SURREY 416,400 386.6 -1.6 -3.4 -3.9 -11.6 -17.9 0.8 104.0 SURREY 488,100 454.5 -1.6 -1.2 -4.1 -9.8 -10.1 14.9 141.9 CLOVERDALE 539,000 399.6 0.1 -1.4 -1.4 -7.5 -14.1 10.5 112.0 SOUTH SURREY & WHITE ROCK 576,800 341.5 -2.0 3.1 0.3 -4.7 -6.9 11.5 99.5 LANGLEY 549,100 383.4 -0.9 -0.7 -2.7 -8.7 -5.2 12.2 126.5 ABBOTSFORD 389,000 418.3 -2.8 -3.0 -4.3 -10.2 -6.6 14.3 150.3 MISSION 427,400 382.3 -0.8 -0.7 -0.2 -5.8 -5.8 17.9 153.4 © 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.

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2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Average Price, Residential Detached, all Fraser Valley

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