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Monthly Statistics Package Fraser Valley Real Estate Board January 2026
News Release Fraser Valley Real Estate Board For Immediate Release February 3 2026 Fraser Valley home prices back to pandemic era levels under weight of economic headwinds and sustained inventory SURREY BC Home prices in the Fraser Valley fell for the tenth consecutive month in January pushing the Benchmark price below 900 000 for the first time since spring 2021 The Benchmark price for a typical home in the Fraser Valley dropped one per cent in January to 897 200 down 6 9 per cent year over year The continued softening of prices wasn t enough to get buyers off the sidelines as the Fraser Valley Real Estate Board recorded 619 sales on its Multiple Listing Service MLS in January a 33 per cent decrease from December and 24 per cent below sales from the same month last year New listings increased 128 per cent in January to 3 078 reflecting the typical seasonal patterns however activity remained 10 per cent below last year s levels January opened the year with negligible momentum said Tore Jacobsen Chair of the Fraser Valley Real Estate Board Prices continued to weaken while at the same time selection remains high Under normal market dynamics these would be considered highly favourable conditions for buyers however the uncertainty of the past year or so continues to loom large subduing buyer confidence and muting overall market activity Overall inventory remains above seasonal norms for the Fraser Valley with 7 711 active listings up 11 per cent from December and 54 per cent above the 10 year seasonal average The Fraser Valley remains firmly in a buyer s market with an overall sales to active listings ratio of eight per cent in January down five per cent from December A balanced market is typically defined by a ratio between 12 and 20 per cent Across the Fraser Valley in January the average number of days to sell a single family detached home was 55 days while for a condo it was 53 days Townhomes took on average 50 days to sell Affordability challenges facing many households today extend well beyond housing costs alone said Baldev Gill CEO of the Fraser Valley Real Estate Board Rising day to day expenses combined with wages that have not kept pace have created significant financial pressure As a result potential buyers are choosing to be more circumspect with respect to purchasing decisions and are working with REALTORS to develop timing strategies that meet their long term objectives MLS HPI Benchmark Price Activity Single Family Detached At 1 373 100 the Benchmark price for an FVREB single family detached home decreased 1 1 per cent compared to December 2025 and decreased 7 4 per cent compared to January 2025 Townhomes At 773 100 the Benchmark price for an FVREB townhome decreased one per cent compared to December 2025 and decreased 6 5 per cent compared to January 2025 Apartments At 488 600 the Benchmark price for an FVREB apartment condo decreased 0 6 per cent compared to December 2025 and decreased 8 2 per cent compared to January 2025 30 The Fraser Valley Real Estate Board represents over 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 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
MLS Summary Fraser Valley January 2026 All Property Types Grand Totals Jan 26 Sales Jan 25 change 619 818 24 3 New Listings 3 078 3 432 Active Listings 7 711 7 251 942 330 1 033 366 Average Price All Property Types Dec 25 change Grand Totals year to date 919 32 6 Sales year to date 10 3 1 350 128 0 New Listings year to date 6 3 6 965 10 7 8 8 993 519 5 2 Detached All Areas Combined Jan 26 Sales New Listings Active Listings Jan 25 change 2026 2025 change 619 818 24 3 3 078 3 432 10 3 Townhouse Dec 25 change Jan 26 Jan 25 Apartment change Dec 25 change Jan 26 Jan 25 change Dec 25 191 242 21 1 311 38 6 154 227 32 2 224 31 3 187 262 28 6 255 change 26 7 1 014 1 136 10 7 416 143 8 640 681 6 0 235 172 3 801 1 076 25 6 363 120 7 6 8 2 348 9 2 1 280 1 161 10 2 1 116 14 7 1 9 2 563 2 400 1 837 1 873 1 641 11 9 Benchmark Price 1 373 100 1 483 300 7 4 1 388 400 1 1 773 100 826 700 6 5 781 300 1 0 488 600 532 400 8 2 491 600 0 6 Median Price 1 285 000 1 470 000 12 6 1 340 000 4 1 785 950 839 000 6 3 769 500 2 1 465 000 527 250 11 8 487 000 4 5 Average Price 1 412 775 1 571 769 10 1 1 425 834 0 9 788 687 865 637 8 9 780 651 1 0 500 268 530 193 5 6 505 428 1 0 Abbotsford Jan 26 Jan 25 Detached Townhouse Dec 25 change Jan 26 Jan 25 Apartment change Dec 25 Sales 30 43 30 2 55 45 5 20 18 11 1 35 42 9 33 43 23 3 39 15 4 New Listings 125 178 29 8 54 131 5 80 82 2 4 37 116 2 148 143 3 5 54 174 1 6 3 293 6 1 180 152 18 4 157 14 6 19 7 Active Listings change change Dec 25 change Jan 26 Jan 25 change 311 332 279 233 242 15 3 Benchmark Price 1 171 700 1 237 600 5 3 1 199 100 2 3 632 600 660 900 4 3 634 600 0 3 397 500 439 400 9 5 403 800 1 6 Median Price 1 017 050 1 136 000 10 5 1 170 612 13 1 675 000 696 000 3 0 650 000 3 8 400 000 432 000 7 4 385 000 3 9 Average Price 1 247 466 1 195 228 4 4 1 229 392 1 5 659 365 685 002 3 7 659 310 0 0 381 233 464 069 17 8 401 373 5 0 Jan 26 Jan 25 Detached Mission change Townhouse Dec 25 change Jan 26 Jan 25 change Apartment Dec 25 change Jan 26 Jan 25 change Dec 25 change Sales 24 26 7 7 21 14 3 5 6 16 7 1 400 0 2 2 0 0 2 0 0 New Listings 78 81 3 7 30 160 0 17 9 88 9 9 88 9 13 21 38 1 6 116 7 180 13 9 42 36 16 7 45 6 7 3 1 23 34 8 Active Listings 205 202 31 32 Benchmark Price 948 500 1 009 300 6 0 973 500 2 6 655 400 679 600 3 6 655 400 0 0 437 100 458 500 4 7 429 700 1 7 Median Price 956 950 1 053 375 9 2 960 000 0 3 635 000 699 900 9 3 833 000 23 8 402 500 466 500 13 7 568 500 29 2 Average Price 1 067 950 1 158 759 7 8 1 016 376 5 1 664 980 696 883 4 6 833 000 20 2 402 500 466 500 13 7 568 500 29 2 Source Fraser Valley Real Estate Board 1 5 MLS Summary Page 1 of 3
Detached White Rock South Surrey Jan 26 Jan 25 change Sales 32 35 New Listings 200 204 Active Listings 473 401 Benchmark Price 1 728 000 1 843 100 Median Price 1 791 250 1 727 250 Average Price 1 802 406 1 854 521 Jan 26 Jan 25 Townhouse Dec 25 8 6 change 34 5 9 2 0 69 18 0 417 6 2 1 732 300 Jan 26 Jan 25 Dec 25 change 12 1 37 21 6 29 33 189 9 115 117 1 7 30 13 4 222 200 11 0 194 Jan 26 Jan 25 change Dec 25 change 31 40 22 5 48 35 4 283 3 109 215 49 3 45 142 2 14 4 276 323 14 6 255 8 2 0 2 861 000 936 500 8 1 885 700 2 8 565 300 598 000 5 5 570 600 0 9 3 7 1 789 000 0 1 820 000 1 010 000 18 8 865 000 5 2 525 000 582 250 9 8 550 000 4 5 2 8 1 932 459 6 7 904 524 1 046 942 13 6 892 327 1 4 664 121 608 450 9 1 605 512 9 7 Detached Langley Apartment change change Townhouse Dec 25 change Jan 26 Jan 25 Apartment change Dec 25 change Sales 40 37 8 1 60 33 3 41 59 30 5 56 26 8 44 74 40 5 55 20 0 New Listings 143 181 21 0 52 175 0 140 135 3 7 51 174 5 204 227 10 1 111 83 8 Active Listings 328 340 3 5 314 4 5 228 194 17 5 197 15 7 411 354 16 1 364 12 9 Benchmark Price 1 505 900 1 619 200 7 0 1 514 400 0 6 814 500 865 600 5 9 822 200 0 9 553 000 600 200 7 9 555 700 0 5 Median Price 1 455 000 1 583 000 8 1 1 407 500 3 4 810 000 839 000 3 5 787 500 2 9 513 500 546 750 6 1 536 000 4 2 Average Price 1 527 789 1 782 393 14 3 1 453 062 5 1 809 835 877 686 7 7 817 494 0 9 514 980 564 248 8 7 532 389 3 3 Delta North Jan 26 Jan 25 Detached change change Dec 25 change Jan 25 Townhouse Dec 25 change Jan 26 Jan 25 Dec 25 12 14 14 3 19 36 8 2 5 60 0 New Listings 71 60 18 3 37 91 9 17 16 6 3 40 1 185 7 6 29 3 3 change Jan 26 Jan 25 change Dec 25 change 2 6 66 7 3 33 3 7 143 16 24 33 3 4 300 0 24 20 8 2 5 199 142 41 40 34 20 6 Benchmark Price 1 269 100 1 417 300 10 5 1 267 100 0 2 901 700 921 400 2 1 912 800 1 2 517 700 564 800 8 3 520 600 0 6 Median Price 1 295 000 1 468 000 11 8 1 310 000 1 1 870 000 855 000 1 8 467 500 552 000 15 3 445 000 5 1 Average Price 1 318 166 1 616 357 18 4 1 346 052 2 1 870 000 922 200 5 7 467 500 521 500 10 4 398 333 17 4 Source Fraser Valley Real Estate Board 30 Apartment change Sales Active Listings Jan 26 MLS Summary Page 2 of 3
Detached City of Surrey Combined Jan 26 Sales Jan 25 change 30 4 Townhouse Dec 25 change 152 47 4 Jan 26 Jan 25 80 115 85 137 Benchmark Price 1 468 500 1 601 900 8 3 1 484 100 1 1 789 300 850 100 Average Price 1 538 247 1 744 026 11 8 1 550 922 0 8 815 381 887 613 Apartment change Dec 25 change 38 0 132 35 6 Jan 26 Jan 25 change Dec 25 change 26 6 138 34 1 524 700 8 4 481 700 0 2 527 592 1 5 503 191 6 5 91 124 7 2 799 200 1 2 480 800 8 1 796 798 2 3 535 765 North Surrey Central Surrey Cloverdale and South Surrey excl White Rock Detached Surrey Central Jan 25 change Townhouse Dec 25 change Jan 26 Jan 25 Apartment change Dec 25 Sales 27 38 28 9 57 52 6 31 61 49 2 59 47 5 21 19 10 5 23 8 7 New Listings 225 232 3 0 97 132 0 154 205 24 9 64 140 6 73 97 24 7 48 52 1 8 8 529 10 2 361 1 6 314 15 0 9 5 Active Listings Jan 26 367 change Dec 25 change Jan 26 Jan 25 change 583 536 218 199 209 4 3 Benchmark Price 1 393 800 1 513 900 7 9 1 404 300 0 7 767 300 825 500 7 1 773 200 0 8 499 700 549 900 9 1 500 900 0 2 Median Price 1 235 000 1 687 500 26 8 1 430 000 13 6 800 000 840 000 4 8 765 000 4 6 520 000 526 000 1 1 512 500 1 5 Average Price 1 329 451 1 843 657 27 9 1 526 857 12 9 780 250 860 983 9 4 760 335 2 6 537 214 539 605 0 4 495 121 8 5 Jan 26 Jan 25 Detached Surrey Cloverdale Townhouse Dec 25 change Jan 26 Jan 25 Apartment change Dec 25 Sales 12 25 52 0 28 57 1 16 32 50 0 24 33 3 10 12 16 7 10 0 0 New Listings 74 82 9 8 39 89 7 76 62 22 6 22 245 5 39 24 62 5 6 550 0 27 8 144 11 8 112 84 33 3 80 40 0 40 4 52 26 9 Active Listings change change Dec 25 change Jan 26 Jan 25 change 161 126 66 47 Benchmark Price 1 356 700 1 486 900 8 8 1 385 100 2 1 778 000 834 400 6 8 781 700 0 5 543 100 593 100 8 4 536 700 1 2 Median Price 1 417 500 1 499 999 5 5 1 365 000 3 8 772 200 797 450 3 2 750 000 3 0 429 375 490 000 12 4 567 500 24 3 Average Price 1 377 958 1 559 959 11 7 1 355 339 1 7 766 253 795 090 3 6 761 347 0 6 496 375 499 658 0 7 639 800 22 4 Surrey North Jan 26 Jan 25 Detached Townhouse Dec 25 change Jan 26 Jan 25 Apartment change Dec 25 Sales 14 23 39 1 37 62 2 9 13 30 8 12 25 0 44 65 32 3 75 41 3 New Listings 97 117 17 1 38 155 3 40 55 27 3 15 166 7 199 324 38 6 89 123 6 5 1 279 7 2 104 6 1 102 2 0 20 3 Active Listings change Dec 25 change Jan 26 Jan 25 change 299 315 513 644 460 11 5 Benchmark Price 1 334 600 1 484 400 10 1 1 357 300 1 7 704 300 748 500 5 9 707 200 0 4 429 300 480 300 10 6 431 600 0 5 Median Price 1 227 500 1 442 500 14 9 1 285 000 4 5 750 000 850 000 11 8 740 000 1 4 418 000 489 990 14 7 456 000 8 3 Average Price 1 410 578 1 540 297 8 4 1 379 221 2 3 736 488 852 461 13 6 752 429 2 1 448 578 496 619 9 7 463 559 3 2 Source Fraser Valley Real Estate Board 98 change MLS Summary Page 3 of 3
MLS Home Price Index Fraser Valley January 2026 RESIDENTIAL LOWER MAINLAND COMBINED FRASER VALLEY BOARD THREE MONTH SIX MONTH ONE YEAR THREE YEAR FIVE YEAR TEN YEAR CHANGE CHANGE CHANGE CHANGE CHANGE CHANGE CHANGE 1 032 700 315 2 1 1 2 3 5 1 6 0 1 4 13 5 32 5 897 200 322 8 1 0 2 4 5 1 6 9 3 8 15 2 62 9 66 8 1 094 500 348 1 0 0 0 5 4 0 9 3 0 1 14 5 671 400 305 7 1 2 2 2 5 8 8 2 10 6 5 2 44 5 SURREY 951 800 334 1 0 7 1 7 4 9 7 5 6 1 15 1 77 6 85 6 948 700 318 4 1 0 2 8 4 6 7 6 1 0 21 8 1 046 200 276 8 1 1 0 7 5 1 6 7 8 3 13 3 32 8 LANGLEY 962 900 323 7 0 7 2 7 5 6 6 7 1 1 20 0 75 2 ABBOTSFORD 744 300 333 8 1 6 4 6 4 8 5 8 1 7 16 8 92 0 MISSION 844 100 336 3 1 9 5 6 6 2 6 7 2 0 13 8 115 2 LOWER MAINLAND 1 651 200 362 4 1 4 3 0 5 7 7 3 3 4 17 5 39 4 FRASER VALLEY BOARD 1 373 100 391 3 1 1 2 9 5 7 7 4 2 2 19 9 87 1 NORTH DELTA 1 269 100 381 2 0 2 1 2 4 9 10 5 1 6 17 3 75 5 NORTH SURREY 1 334 600 412 6 1 7 4 0 7 1 10 1 1 3 16 9 94 2 SURREY 1 393 800 400 4 0 7 1 4 5 0 7 9 0 4 21 7 101 7 CLOVERDALE 1 356 700 390 5 2 1 3 8 4 7 8 8 1 8 20 6 97 8 SOUTH SURREY WHITE ROCK 1 728 000 338 6 0 3 0 7 5 3 6 3 1 3 18 6 52 1 LANGLEY 1 505 900 397 6 0 6 2 7 5 9 7 0 3 8 20 1 101 2 ABBOTSFORD 1 171 700 399 4 2 3 6 6 5 3 5 3 10 8 20 4 119 9 948 500 355 8 2 6 6 6 6 9 6 0 7 1 16 0 127 1 MISSION APARTMENT ONE MONTH HPI NORTH SURREY SOUTH SURREY WHITE ROCK TOWNHOUSE INDEX PRICE NORTH DELTA CLOVERDALE DETACHED BENCHMARK LOWER MAINLAND 914 800 349 3 1 1 1 8 4 9 5 7 1 5 28 5 91 7 FRASER VALLEY BOARD 773 100 347 0 1 1 1 5 5 1 6 5 0 1 28 4 117 6 101 7 NORTH DELTA 901 700 394 3 1 2 2 5 2 8 2 1 7 4 27 7 NORTH SURREY 704 300 404 5 0 4 1 4 5 9 5 9 2 3 25 4 145 5 SURREY 767 300 353 1 0 8 1 5 5 0 7 1 1 2 26 5 130 3 CLOVERDALE 778 000 319 8 0 5 1 8 5 0 6 8 0 0 25 1 119 8 SOUTH SURREY WHITE ROCK 861 000 272 3 2 8 2 3 7 4 8 1 2 0 24 3 73 0 LANGLEY 814 500 351 4 0 9 2 0 4 5 5 9 1 5 33 5 135 7 ABBOTSFORD 632 600 348 7 0 3 1 9 4 1 4 3 3 0 33 1 144 0 MISSION 655 400 358 9 0 0 1 5 0 1 3 6 9 8 41 4 156 7 LOWER MAINLAND 652 100 327 2 0 7 1 7 5 2 6 3 2 2 13 6 65 3 FRASER VALLEY BOARD 488 600 402 5 0 6 2 5 5 4 8 2 2 5 23 8 141 0 NORTH DELTA 517 700 501 2 0 6 3 3 6 4 8 3 5 7 16 1 176 1 NORTH SURREY 429 300 398 6 0 5 1 8 6 3 10 6 10 5 13 2 128 0 SURREY 499 700 465 3 0 2 3 2 6 5 9 1 3 1 29 7 174 7 CLOVERDALE 543 100 402 6 1 2 1 4 6 0 8 4 3 7 20 0 129 0 SOUTH SURREY WHITE ROCK 565 300 334 7 0 9 2 3 3 0 5 5 0 2 22 9 117 2 LANGLEY 553 000 386 2 0 5 3 0 5 8 7 9 1 0 28 1 152 9 ABBOTSFORD 397 500 427 4 1 6 3 4 6 0 9 5 4 2 31 1 201 8 MISSION 437 100 391 0 1 7 1 3 1 2 4 7 0 3 29 1 192 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
Sales Listings Active Inventory All Types Fraser Valley 14 000 12 000 10 000 8 000 Actives 6 000 Listings Sales 4 000 2 000 Fraser Valley Real Estate Board 2026 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 0
Sales to Active Listings Ratio All Types Fraser Valley 100 According to BCREA a balanced market in the Lower Mainland ranges between 12 20 This graph includes all Residential and Commercial property types 90 80 70 Sellers Market Ratio 60 50 40 30 Balanced Market 20 10 Buyers Market January month end 8 Fraser Valley Real Estate Board 2026 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 0
MLS Home Price Index Fraser Valley Detached Townhouse Apartment 550 525 500 475 450 425 400 375 350 325 300 275 250 225 200 175 150 125 100 75 Fraser Valley Real Estate Board 2026 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 50
MLS Home Price Index Benchmark Prices Fraser Valley Detached Townhouse Apartment 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 Fraser Valley Real Estate Board 2026 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 100 000
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 2025 2026 Average Price Residential Detached all Fraser Valley 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
Annual Sales New Listings Average Price All Property Types Fraser Valley Sales New Listings Average Price 40 000 1 200 000 35 000 1 000 000 30 000 800 000 25 000 20 000 600 000 15 000 400 000 10 000 200 000 5 000 Fraser Valley Real Estate Board 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991 1990