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Monthly Statistics Package Fraser Valley Real Estate Board March 2024

News Release Fraser Valley Real Estate Board For Immediate Release April 3 2024 March home sales growth off last month s pace but supply still building in the Fraser Valley SURREY BC Home buyers in the Fraser Valley have more choice heading into the spring market with inventory levels for March at the highest they ve been in the past five years However March sales were slower than anticipated with 1 395 transactions recorded on the Fraser Valley Real Estate Board s Multiple Listings Service MLS a 13 per cent increase over February but still 31 per cent below the 10 year average Sales were the second lowest recorded for a March in a decade Active listings were 6 197 up by 11 per cent over last month and by 37 per cent over March 2023 With inventory building buyers now have more opportunities in both the detached and attached markets compared to one year ago said Jeff Chadha Chair of the Fraser Valley Real Estate Board However despite increased options some buyers may still be waiting on the sidelines for the financing landscape to further settle before they feel comfortable getting back into the market New listings increased 7 per cent in March to 2 986 but remain 12 per cent below the 10 year average With a sales to active listings ratio of 23 per cent overall market conditions remain in seller s market territory The market is considered balanced when the ratio is between 12 per cent and 20 per cent Despite slower than anticipated sales in March sellers who draw on the knowledge and expertise of a professional REALTOR to help price their property appropriately are in some cases getting multiple offers and are seeing their property move quickly said FVREB CEO Baldev Gill That s why we always encourage buyers and sellers to work with their local REALTOR who understands the changing market conditions and can protect their interests The average number of days homes are spending on the market continues to decline with single family detached homes spending 27 days on the market down from 35 days in February apartments spending 26 days on the market down from 29 days in February and townhomes moving more quickly at 20 days down from 28 days on the market in February Overall Benchmark prices edged up again in March by 1 4 per cent from February and up 4 6 per cent over March 2023 MLS HPI Benchmark Price Activity Single Family Detached At 1 517 100 the Benchmark price for an FVREB single family detached home increased 2 1 per cent compared to February 2024 and increased 8 8 per cent compared to March 2023 Townhomes At 846 900 the Benchmark price for an FVREB townhome increased 1 9 per cent compared to February 2024 and increased 7 2 per cent compared to March 2023 Apartments At 555 000 the Benchmark price for an FVREB apartment condo increased 1 6 per cent compared to February 2024 and increased 6 9 per cent compared to March 2023 30 The Fraser Valley Real Estate Board is an association of 5 160 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 March 2024 All Property Types Mar 24 Mar 23 change Feb 24 change 1 395 1 550 10 0 1 235 13 0 2 986 2 559 16 7 2 797 6 8 6 197 4 533 36 7 5 561 11 4 1 050 744 962 248 9 2 1 005 290 4 5 Grand Totals year to date Sales year to date New Listings year to date All Property Types 2024 2023 change 3 565 3 072 16 0 8 151 6 330 28 8 Detached Townhouse Mar 24 Mar 23 change Feb 24 change Mar 24 Mar 23 change Feb 24 455 524 13 2 404 12 6 383 391 2 0 279 1 112 915 21 5 998 11 4 609 505 20 6 551 2 160 1 520 42 1 1 865 15 8 869 634 37 1 803 1 517 100 1 394 600 8 8 1 485 600 2 1 846 900 790 100 7 2 831 000 1 460 000 1 359 000 7 4 1 449 500 0 7 865 000 805 000 7 5 850 000 1 535 309 1 451 319 5 8 1 508 622 1 8 876 325 811 868 7 9 881 408 change Mar 24 37 3 408 10 5 823 8 2 1 429 1 9 555 000 1 8 549 850 0 6 579 949 Apartment Mar 23 change Feb 24 491 16 9 423 703 17 1 788 1 038 37 7 1 284 519 300 6 9 546 100 510 000 7 8 532 000 530 597 9 3 556 123 change 3 5 4 4 11 3 1 6 3 4 4 3 Detached Townhouse Mar 24 Mar 23 change Feb 24 change Mar 24 Mar 23 change Feb 24 69 93 25 8 67 3 0 49 48 2 1 37 177 142 24 6 140 26 4 80 63 27 0 63 314 222 41 4 250 25 6 106 100 6 0 87 1 238 200 1 104 500 12 1 1 195 000 3 6 658 900 607 500 8 5 648 400 1 189 700 1 080 000 10 2 1 125 000 5 8 717 500 634 500 13 1 697 500 1 239 886 1 138 425 8 9 1 183 807 4 7 726 974 646 544 12 4 712 469 change Mar 24 32 4 66 27 0 129 21 8 195 1 6 455 900 2 9 446 250 2 0 453 796 Apartment Mar 23 change Feb 24 95 30 5 66 130 0 8 107 171 14 0 161 412 000 10 7 457 400 392 000 13 8 424 500 395 168 14 8 460 636 change 0 0 20 6 21 1 0 3 5 1 1 5 Detached Townhouse Mar 24 Mar 23 change Feb 24 change Mar 24 Mar 23 change Feb 24 42 42 0 0 42 0 0 10 8 25 0 11 78 67 16 4 69 13 0 10 18 44 4 11 161 129 24 8 149 8 1 26 21 23 8 29 1 054 700 946 700 11 4 1 034 800 1 9 676 500 627 400 7 8 673 100 929 000 907 500 2 4 1 043 500 11 0 720 450 638 750 12 8 728 000 972 819 934 710 4 1 1 118 137 13 0 734 430 644 975 13 9 731 009 change Mar 24 9 1 10 9 1 22 10 3 33 0 5 453 400 1 0 495 000 0 5 494 410 Apartment Mar 23 change Feb 24 3 233 3 14 10 120 0 25 34 2 9 38 426 500 6 3 443 800 420 000 17 9 429 700 487 333 1 5 435 728 change 28 6 12 0 13 2 2 2 15 2 13 5 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 Detached Townhouse Apartment Mar 24 Mar 23 change Feb 24 change Mar 24 Mar 23 change Feb 24 change Mar 24 Mar 23 change Feb 24 change 66 82 19 5 56 17 9 69 54 27 8 45 53 3 60 90 33 3 68 11 8 175 145 20 7 165 6 1 99 67 47 8 93 6 5 111 123 9 8 143 22 4 357 305 17 0 302 18 2 134 85 57 6 129 3 9 224 167 34 1 206 8 7 1 939 400 1 823 100 6 4 1 887 100 2 8 985 600 925 100 6 5 952 200 3 5 635 500 587 800 8 1 609 700 4 2 1 743 000 1 731 000 0 7 1 807 500 3 6 960 000 953 500 0 7 1 068 000 10 1 699 000 599 000 16 7 607 500 15 1 2 012 289 1 902 182 5 8 2 023 424 0 6 1 000 241 1 001 052 0 1 1 083 777 7 7 810 331 665 401 21 8 688 173 17 8 Detached Townhouse Mar 24 Mar 23 change Feb 24 change Mar 24 Mar 23 change Feb 24 86 107 19 6 77 11 7 91 102 10 8 64 205 158 29 7 136 50 7 133 116 14 7 115 314 207 51 7 257 22 2 154 104 48 1 150 1 623 700 1 489 400 9 0 1 591 200 2 0 851 900 791 500 7 6 848 900 1 500 000 1 400 001 7 1 1 520 000 1 3 890 000 810 000 9 9 852 500 1 596 992 1 535 680 4 0 1 577 187 1 3 909 164 821 107 10 7 892 163 change Mar 24 42 2 100 15 7 195 2 7 286 0 4 623 400 4 4 575 000 1 9 587 588 Apartment Mar 23 change Feb 24 136 26 5 105 174 12 1 165 235 21 7 256 564 700 10 4 606 000 529 500 8 6 580 000 558 883 5 1 587 487 change 4 8 18 2 11 7 2 9 0 9 0 0 Detached Townhouse Mar 24 Mar 23 change Feb 24 change Mar 24 Mar 23 change Feb 24 39 23 69 6 29 34 5 10 8 25 0 1 69 60 15 0 80 13 8 12 13 7 7 10 139 100 39 0 129 7 8 18 18 0 0 15 1 432 400 1 285 700 11 4 1 406 700 1 8 907 700 884 200 2 7 873 600 1 450 000 1 299 000 11 6 1 450 000 0 0 1 144 000 779 750 46 7 940 000 1 467 438 1 336 043 9 8 1 518 987 3 4 1 103 188 815 062 35 4 940 000 change Mar 24 900 0 10 20 20 20 0 36 3 9 591 500 21 7 615 000 17 4 566 650 Apartment Mar 23 change Feb 24 3 233 3 6 10 100 0 12 23 56 5 30 562 000 5 2 575 000 550 000 11 8 635 000 551 666 2 7 649 166 change 66 7 66 7 20 0 2 9 3 1 12 7 Source Fraser Valley Real Estate Board MLS Summary Page 2 of 3

Detached Townhouse City of Surrey Combined Mar 24 Mar 23 change Feb 24 change Mar 24 Mar 23 change Feb 24 Sales 219 244 10 2 183 19 7 223 223 0 0 165 Benchmark Price 1 646 900 1 525 300 8 0 1 613 800 2 1 886 300 828 000 7 0 864 400 Average Price 1 724 127 1 590 767 8 4 1 671 024 3 2 891 931 846 186 5 4 925 102 North Surrey Central Surrey Cloverdale and South Surrey excl White Rock change Mar 24 35 2 222 2 5 548 600 3 6 618 466 Apartment Mar 23 change Feb 24 217 2 3 197 529 200 3 7 544 200 536 054 15 4 543 282 change 12 7 0 8 13 8 Surrey Central Sales New Listings Active Listings Benchmark Price Median Price Average Price Detached Townhouse Mar 24 Mar 23 change Feb 24 change Mar 24 Mar 23 change Feb 24 61 85 28 2 61 0 0 93 99 6 1 76 212 196 8 2 212 0 0 172 146 17 8 166 464 311 49 2 403 15 1 281 215 30 7 272 1 540 000 1 425 400 8 0 1 524 900 1 0 855 900 801 500 6 8 840 000 1 580 000 1 425 000 10 9 1 500 000 5 3 845 000 810 000 4 3 880 000 1 634 650 1 506 757 8 5 1 569 237 4 2 850 945 808 085 5 3 863 893 change Mar 24 22 4 35 3 6 62 3 3 136 1 9 575 900 4 0 555 000 1 5 563 610 Apartment Mar 23 change Feb 24 33 6 1 30 48 29 2 90 76 78 9 146 537 900 7 1 559 300 499 500 11 1 517 450 493 363 14 2 530 897 change 16 7 31 1 6 8 3 0 7 3 6 2 Surrey Cloverdale Sales New Listings Active Listings Benchmark Price Median Price Average Price Detached Townhouse Mar 24 Mar 23 change Feb 24 change Mar 24 Mar 23 change Feb 24 43 40 7 5 37 16 2 39 45 13 3 31 88 44 100 0 76 15 8 62 46 34 8 43 137 67 104 5 113 21 2 68 41 65 9 48 1 542 900 1 423 700 8 4 1 510 900 2 1 871 000 804 400 8 3 851 200 1 480 000 1 352 500 9 4 1 450 000 2 1 835 000 800 000 4 4 828 000 1 552 974 1 401 321 10 8 1 487 977 4 4 843 102 784 421 7 5 873 553 change Mar 24 25 8 17 44 2 20 41 7 23 2 3 605 400 0 8 585 000 3 5 585 643 Apartment Mar 23 change Feb 24 19 10 5 16 11 81 8 24 16 43 8 22 594 300 1 9 616 000 548 000 6 8 568 500 556 105 5 3 547 750 change 6 3 16 7 4 5 1 7 2 9 6 9 Surrey North Sales New Listings Active Listings Benchmark Price Median Price Average Price Detached Townhouse Mar 24 Mar 23 change Feb 24 change Mar 24 Mar 23 change Feb 24 49 52 5 8 35 40 0 22 27 18 5 14 107 103 3 9 118 9 3 41 36 13 9 50 267 177 50 8 255 4 7 82 50 64 0 73 1 505 600 1 366 700 10 2 1 475 200 2 1 791 200 737 300 7 3 771 000 1 525 000 1 477 500 3 2 1 425 000 7 0 773 500 785 000 1 5 820 500 1 597 577 1 542 441 3 6 1 532 060 4 3 812 053 800 620 1 4 854 707 change Mar 24 57 1 110 18 0 264 12 3 492 2 6 500 100 5 7 528 000 5 0 536 339 Apartment Mar 23 change Feb 24 112 1 8 118 196 34 7 222 313 57 2 421 487 700 2 5 500 500 503 500 4 9 502 500 510 034 5 2 522 627 change 6 8 18 9 16 9 0 1 5 1 2 6 Source Fraser Valley Real Estate Board MLS Summary Page 3 of 3

RESIDENTIAL COMBINED DETACHED TOWNHOUSE APARTMENT MLS Home Price Index Fraser Valley March 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 1 130 600 343 5 1 2 1 008 300 360 1 1 4 1 223 700 390 8 1 5 777 000 352 9 0 3 1 079 400 376 2 0 9 1 085 500 348 8 1 3 1 221 000 319 0 2 5 1 042 600 350 2 1 5 808 800 365 0 1 6 962 600 374 1 1 5 LOWER MAINLAND FRASER VALLEY BOARD NORTH DELTA NORTH SURREY SURREY CLOVERDALE SOUTH SURREY WHITE ROCK LANGLEY ABBOTSFORD MISSION 1 794 900 393 0 2 0 1 517 100 429 4 2 1 1 432 400 430 8 1 8 1 505 600 465 4 2 1 1 540 000 439 4 1 0 1 542 900 432 3 2 1 1 939 400 373 9 2 8 1 623 700 426 5 2 0 1 238 200 426 8 3 6 1 054 700 386 5 1 9 LOWER MAINLAND FRASER VALLEY BOARD NORTH DELTA NORTH SURREY SURREY CLOVERDALE SOUTH SURREY WHITE ROCK LANGLEY ABBOTSFORD MISSION 982 800 374 3 1 8 846 900 381 1 1 9 907 700 422 6 3 9 791 200 449 5 2 6 855 900 392 1 1 9 871 000 356 7 2 3 985 600 313 2 3 5 851 900 375 0 0 4 658 900 363 2 1 6 676 500 348 5 0 5 LOWER MAINLAND FRASER VALLEY BOARD NORTH DELTA NORTH SURREY SURREY CLOVERDALE SOUTH SURREY WHITE ROCK LANGLEY ABBOTSFORD MISSION 722 000 360 6 1 0 555 000 450 9 1 7 591 500 564 4 2 9 500 100 458 8 0 1 575 900 523 1 3 0 605 400 437 1 1 7 635 500 373 2 4 3 623 400 432 0 2 9 455 900 478 4 0 3 453 400 402 0 2 2 THREE MONTH CHANGE 2 3 2 0 4 9 1 7 1 8 4 3 0 4 1 7 3 1 5 5 2 7 3 1 6 3 3 9 2 0 5 6 1 7 1 1 6 1 7 3 3 3 2 5 0 0 7 2 3 9 3 2 3 4 0 3 1 9 0 9 3 4 3 3 3 2 3 6 4 0 7 2 1 3 4 5 2 1 0 3 SIX MONTH CHANGE 0 9 2 0 0 9 2 8 3 8 0 8 4 2 0 3 0 5 1 0 0 2 0 6 2 9 0 9 2 8 1 6 2 5 0 8 4 0 0 4 0 8 0 2 4 3 3 0 0 3 2 2 0 9 1 1 0 6 0 5 1 2 1 7 0 9 1 3 1 5 4 0 1 1 2 8 1 9 1 0 ONE YEAR CHANGE 4 7 4 6 8 4 0 5 3 8 6 1 2 5 7 7 6 5 9 3 8 4 8 8 11 4 10 2 8 0 8 4 6 4 9 0 12 1 11 4 6 1 7 2 2 7 7 3 6 8 8 3 6 5 7 6 8 5 7 8 5 8 6 9 5 2 2 6 7 1 1 9 8 1 10 4 10 7 6 3 THREE YEAR CHANGE 14 0 15 8 13 0 10 0 16 5 19 3 17 7 19 1 13 6 14 9 16 0 17 4 15 7 17 4 19 4 17 3 18 6 16 3 13 6 14 4 27 1 29 7 20 7 34 4 27 6 25 9 30 5 31 8 30 5 36 1 19 4 30 1 24 3 25 3 36 5 23 2 27 2 33 7 36 0 30 4 FIVE YEAR CHANGE 36 4 46 4 45 6 37 9 49 9 53 5 43 8 43 2 46 8 55 8 46 2 57 1 52 8 58 2 57 3 60 2 48 3 54 1 58 0 59 3 47 8 51 4 29 7 47 8 54 5 53 9 49 6 52 7 46 7 45 4 29 4 44 7 16 1 36 6 52 1 37 9 39 3 50 1 56 5 51 6 TEN YEAR CHANGE 85 7 122 0 141 2 109 1 139 8 140 1 88 1 128 7 151 7 181 1 102 9 159 6 163 8 180 9 174 5 173 1 118 0 173 9 186 8 190 8 137 4 159 6 123 4 192 6 170 8 166 0 116 2 172 7 170 8 180 4 112 6 188 9 216 2 171 8 219 0 173 9 158 8 206 0 236 9 226 6 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 March month end 23 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

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 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 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

40 000 35 000 30 000 25 000 20 000 15 000 10 000 5 000 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 Annual Sales New Listings Average Price All Property Types Fraser Valley Sales New Listings Average Price 1 200 000 1 000 000 800 000 600 000 400 000 200 000