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Monthly Statistics Package Fraser Valley Real Estate Board February 2026
News Release Fraser Valley Real Estate Board For Immediate Release March 3 2026 Fraser Valley market shows early bloom with February sales lift SURREY BC The Fraser Valley market showed early signs of a spring thaw in February with sales increasing over January but continuing to trail typical levels for this time of year The Fraser Valley Real Estate Board recorded 843 sales on its Multiple Listing Service MLS in February a 36 per cent increase from January but 38 per cent below the ten year seasonal average New listings declined nine per cent in February to 2 796 suggesting some sellers are choosing to wait amid competitive inventory levels and may be positioning their homes for the peak of the spring market Buyer friendly conditions continue to define the Fraser Valley market said Tore Jacobsen Chair of the Fraser Valley Real Estate Board While we did see a welcome bump in sales over January they remain well below seasonal averages With ample inventory and soft prices this window may prove to be a key buying opportunity particularly as prices settle As we move closer to spring we re hopeful that improved economic stability will encourage more buyers to re enter the market Overall inventory remains above seasonal norms for the Fraser Valley with 8 344 active listings up eight per cent from January and 51 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 ten per cent in February A balanced market is typically defined by a ratio between 12 and 20 per cent Across the Fraser Valley in February the average number of days to sell a single family detached home was 47 days while for a condo it was 45 days Townhomes took on average 39 days to sell Many households are in a holding pattern right now waiting for clearer signs that the economy is finding its footing said Baldev Gill CEO of the Fraser Valley Real Estate Board Elevated economic uncertainty over the past year has cast a shadow over families big financial decisions including buying or selling a home In times like these a professional REALTOR plays a critical role offering trusted advice local market insight and the confidence needed to make informed moves The composite Benchmark price for a typical home in the Fraser Valley decreased 0 2 per cent in February to 895 100 MLS HPI Benchmark Price Activity Single Family Detached At 1 370 900 the Benchmark price for an FVREB single family detached home decreased 0 2 per cent compared to January 2026 and decreased 8 6 per cent compared to February 2025 Townhomes At 770 700 the Benchmark price for an FVREB townhome decreased 0 3 per cent compared to January 2026 and decreased 7 1 per cent compared to February 2025 Apartments At 488 300 the Benchmark price for an FVREB apartment condo decreased 0 1 per cent compared to January 2026 and decreased 8 9 per cent compared to February 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 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 February 2026 All Property Types Grand Totals Feb 26 Sales Feb 25 change 843 920 8 4 New Listings 2 796 3 121 Active Listings 8 344 8 070 993 560 Average Price 913 110 All Property Types Jan 26 change Grand Totals year to date Feb 26 Feb 25 2025 change 619 36 2 Sales year to date 1 461 1 737 15 9 10 4 3 078 9 2 New Listings year to date 5 874 6 553 10 4 3 4 7 711 8 2 8 1 942 330 3 1 Detached All Areas Combined 2026 change Townhouse Jan 26 change Feb 26 Feb 25 change Apartment Jan 26 change Feb 26 Feb 25 change Jan 26 change Sales 254 270 5 9 191 33 0 218 255 14 5 154 41 6 261 281 7 1 187 39 6 New Listings 977 1 088 10 2 1 014 3 6 549 634 13 4 640 14 2 741 958 22 7 801 7 5 Active Listings 2 792 2 763 1 0 2 563 8 9 1 379 1 286 7 2 1 280 7 7 1 960 2 115 7 3 1 837 6 7 Benchmark Price 1 370 900 1 500 100 8 6 1 373 100 0 2 770 700 830 000 7 1 773 100 0 3 488 300 535 800 8 9 488 600 0 1 Median Price 1 300 250 1 435 000 9 4 1 285 000 1 2 765 000 833 000 8 2 785 950 2 7 475 000 535 000 11 2 465 000 2 2 Average Price 1 386 432 1 554 420 10 8 1 412 775 1 9 791 912 860 446 8 0 788 687 0 4 517 607 567 266 8 8 500 268 3 5 Abbotsford Feb 26 Feb 25 Detached change Townhouse Jan 26 change Feb 26 Feb 25 change Apartment Jan 26 change Feb 26 Feb 25 change Jan 26 change Sales 32 48 33 3 30 6 7 25 36 30 6 20 25 0 48 48 0 0 33 45 5 New Listings 134 160 16 3 125 7 2 95 77 23 4 80 18 8 111 118 5 9 148 25 0 8 1 311 13 5 220 165 33 3 180 22 2 18 6 Active Listings 353 384 Benchmark Price 1 163 000 1 247 700 6 8 1 171 700 293 247 279 5 0 0 7 626 100 660 600 5 2 632 600 1 0 400 800 446 300 10 2 397 500 0 8 Median Price 1 080 500 1 267 500 Average Price 1 107 407 1 243 470 14 8 1 017 050 6 2 667 000 702 500 5 1 675 000 1 2 410 000 435 000 5 7 400 000 2 5 10 9 1 247 466 11 2 650 200 700 266 7 1 659 365 1 4 399 241 440 877 9 4 381 233 4 7 Feb 26 Feb 25 Detached Mission change Townhouse Jan 26 change Feb 26 Feb 25 change Apartment Jan 26 change Feb 26 Feb 25 change Jan 26 change Sales 21 18 16 7 24 12 5 9 3 200 0 5 80 0 4 2 100 0 2 New Listings 78 63 23 8 78 0 0 10 10 0 0 17 41 2 13 29 55 2 13 100 0 0 0 Active Listings 227 220 3 2 205 10 7 42 36 16 7 42 0 0 35 51 31 4 31 12 9 Benchmark Price 948 700 1 053 700 10 0 948 500 0 0 652 800 658 800 0 9 655 400 0 4 430 300 459 900 6 4 437 100 1 6 Median Price 930 000 1 039 500 10 5 956 950 2 8 692 000 799 000 13 4 635 000 9 0 411 499 448 000 8 1 402 500 2 2 Average Price 996 328 1 062 632 6 2 1 067 950 6 7 665 122 777 966 14 5 664 980 0 0 423 249 448 000 5 5 402 500 5 2 Source Fraser Valley Real Estate Board MLS Summary Page 1 of 3
Detached White Rock South Surrey Feb 26 Feb 25 change Townhouse Jan 26 change 10 3 32 9 4 163 1 8 200 454 14 8 473 Feb 26 Feb 25 change Sales 35 39 New Listings 160 Active Listings 521 Benchmark Price 1 722 800 1 864 400 7 6 1 728 000 0 3 863 300 943 800 Median Price 1 665 000 1 900 000 12 4 1 791 250 7 0 857 950 975 000 Average Price 1 860 636 2 117 166 12 1 1 802 406 3 2 895 415 1 017 718 Feb 26 Feb 25 change change Feb 26 Feb 25 29 3 4 40 53 change 24 5 31 change 29 0 8 3 52 46 2 20 0 92 121 24 0 115 20 0 118 175 32 6 109 10 1 241 219 10 0 222 8 6 297 365 18 6 276 7 6 0 3 559 500 614 300 8 9 565 300 1 0 12 0 820 000 4 6 595 000 615 000 3 3 525 000 13 3 12 0 904 524 1 0 721 312 757 822 4 8 664 121 8 6 8 5 861 000 Townhouse Jan 26 Jan 26 28 Detached Langley Apartment Jan 26 change Feb 26 Feb 25 change Apartment Jan 26 change Feb 26 Feb 25 change Jan 26 change Sales 54 57 5 3 40 35 0 62 65 4 6 41 51 2 79 78 1 3 44 79 5 New Listings 170 194 12 4 143 18 9 119 145 17 9 140 15 0 187 217 13 8 204 8 3 Active Listings 384 400 4 0 328 17 1 233 234 0 4 228 2 2 442 403 9 7 411 7 5 Benchmark Price 1 516 100 1 629 200 6 9 1 505 900 0 7 810 300 868 700 6 7 814 500 0 5 553 000 603 900 8 4 553 000 0 0 Median Price 1 372 000 1 450 000 5 4 1 455 000 5 7 822 500 870 000 5 5 810 000 1 5 517 000 555 000 6 8 513 500 0 7 Average Price 1 483 040 1 615 749 8 2 1 527 789 2 9 837 143 882 386 5 1 809 835 3 4 542 382 568 720 4 6 514 980 5 3 Delta North Feb 26 Feb 25 Detached change Townhouse Jan 26 change Feb 26 Feb 25 change Apartment Jan 26 change Feb 26 Feb 25 change Jan 26 change Sales 22 16 37 5 12 83 3 5 6 16 7 2 150 0 5 5 0 0 2 150 0 New Listings 70 85 17 6 71 1 4 8 20 60 0 17 53 9 23 60 9 16 43 8 Active Listings 208 181 14 9 199 4 5 29 39 25 6 29 0 0 40 52 23 1 41 2 4 Benchmark Price 1 277 500 1 418 400 9 9 1 269 100 0 7 873 600 924 400 5 5 901 700 3 1 510 100 545 400 6 5 517 700 1 5 Median Price 1 302 500 1 385 000 6 0 1 295 000 0 6 960 000 920 000 4 3 870 000 10 3 500 000 595 000 16 0 467 500 7 0 Average Price 1 292 204 1 475 437 12 4 1 318 166 2 0 917 400 917 833 0 0 870 000 5 4 553 600 630 000 12 1 467 500 18 4 Source Fraser Valley Real Estate Board MLS Summary Page 2 of 3
Detached City of Surrey Combined Sales Feb 26 Feb 25 change 4 0 Townhouse Jan 26 80 change 48 8 Feb 26 Feb 25 114 145 change 21 4 Apartment Jan 26 85 change Feb 26 Feb 25 change 34 1 101 126 19 8 119 124 Benchmark Price 1 461 300 1 617 800 9 7 1 468 500 0 5 789 800 855 000 7 6 789 300 0 1 479 100 Average Price 1 473 513 1 698 154 13 2 1 538 247 4 2 804 408 889 712 9 6 815 381 1 3 485 853 Jan 26 change 91 11 0 525 800 8 9 480 800 0 4 575 807 15 6 535 765 9 3 North Surrey Central Surrey Cloverdale and South Surrey excl White Rock Detached Surrey Central Feb 26 Feb 25 change Townhouse Jan 26 change Feb 26 Feb 25 change Apartment Jan 26 change Feb 26 Feb 25 change Jan 26 change Sales 41 46 10 9 27 51 9 41 54 24 1 31 32 3 16 25 36 0 21 23 8 New Listings 189 213 11 3 225 16 0 134 158 15 2 154 13 0 84 83 1 2 73 15 1 Active Listings 613 598 2 5 583 5 1 393 388 1 3 361 8 9 228 212 7 5 218 4 6 Benchmark Price 1 372 700 1 528 100 10 2 1 393 800 1 5 767 000 832 100 7 8 767 300 0 0 494 100 533 000 7 3 499 700 1 1 Median Price 1 300 500 1 545 500 15 9 1 235 000 5 3 760 000 837 500 9 3 800 000 5 0 483 000 555 000 13 0 520 000 7 1 Average Price 1 355 594 1 610 978 15 9 1 329 451 2 0 788 841 835 103 5 5 780 250 1 1 492 412 558 210 11 8 537 214 8 3 Feb 26 Feb 25 Detached Surrey Cloverdale change Townhouse Jan 26 change Feb 26 Feb 25 change Apartment Jan 26 change Feb 26 Feb 25 change Jan 26 change Sales 25 28 10 7 12 108 3 28 24 16 7 16 75 0 10 10 0 0 10 0 0 New Listings 75 75 0 0 74 1 4 56 54 3 7 76 26 3 33 42 21 4 39 15 4 20 0 161 11 8 123 94 30 9 112 9 8 25 0 66 13 6 Active Listings 180 150 75 60 Benchmark Price 1 347 000 1 505 600 10 5 1 356 700 0 7 779 500 837 700 6 9 778 000 0 2 546 600 585 400 6 6 543 100 0 6 Median Price 1 430 000 1 359 900 5 2 1 417 500 0 9 749 000 796 500 6 0 772 200 3 0 486 500 547 450 11 1 429 375 13 3 Average Price 1 436 220 1 439 764 0 2 1 377 958 4 2 753 785 802 804 6 1 766 253 1 6 506 050 627 190 19 3 496 375 1 9 Surrey North Feb 26 Feb 25 Detached change Townhouse Jan 26 change Feb 26 Feb 25 change Apartment Jan 26 change Feb 26 Feb 25 change Jan 26 change Sales 24 18 33 3 14 71 4 19 15 26 7 9 111 1 59 60 1 7 44 34 1 New Listings 99 134 26 1 97 2 1 35 49 28 6 40 12 5 186 270 31 1 199 6 5 Active Listings 300 369 18 7 299 0 3 97 111 12 6 104 6 7 548 723 24 2 513 6 8 Benchmark Price 1 348 600 1 506 600 10 5 1 334 600 1 0 698 200 745 000 6 3 704 300 0 9 430 900 480 800 10 4 429 300 0 4 Median Price 1 212 500 1 390 000 12 8 1 227 500 1 2 830 000 770 000 7 8 750 000 10 7 438 096 477 000 8 2 418 000 4 8 Average Price 1 278 083 1 565 944 18 4 1 410 578 9 4 778 826 781 606 0 4 736 488 5 7 454 764 490 698 7 3 448 578 1 4 Source Fraser Valley Real Estate Board MLS Summary Page 3 of 3
MLS Home Price Index Fraser Valley February 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 1 031 200 314 8 0 1 2 0 4 1 7 0 3 0 9 2 25 8 895 100 322 1 0 2 1 9 4 5 7 7 5 0 9 4 53 9 58 0 1 093 600 347 8 0 1 0 9 3 3 9 0 1 6 7 5 675 300 307 5 0 6 1 3 4 5 8 0 12 3 0 8 37 5 SURREY 944 800 331 6 0 8 1 6 4 3 8 5 7 2 9 0 68 5 72 7 LANGLEY APARTMENT ONE MONTH HPI NORTH SURREY SOUTH SURREY WHITE ROCK TOWNHOUSE INDEX PRICE NORTH DELTA CLOVERDALE DETACHED BENCHMARK 943 900 316 7 0 5 2 3 4 7 8 6 3 2 13 4 1 041 000 275 5 0 5 1 9 4 3 7 9 9 6 6 8 24 8 963 800 324 0 0 1 2 1 5 1 6 9 0 8 16 0 64 8 ABBOTSFORD 740 300 332 0 0 5 3 0 3 7 6 7 0 2 10 3 83 1 MISSION 844 000 336 3 0 0 2 6 5 6 10 0 0 6 9 9 105 3 LOWER MAINLAND 1 641 800 360 4 0 6 3 1 5 1 8 8 1 2 11 8 31 0 FRASER VALLEY BOARD 1 370 900 390 7 0 2 2 5 4 8 8 6 0 6 12 9 75 8 NORTH DELTA 1 277 500 383 7 0 7 2 0 3 5 10 0 1 2 10 1 66 7 NORTH SURREY 1 348 600 416 9 1 0 3 1 5 5 10 5 2 2 9 4 83 5 SURREY 1 372 700 394 3 1 5 2 9 5 4 10 2 1 7 14 0 89 0 CLOVERDALE 1 347 000 387 7 0 7 4 3 5 7 10 5 1 7 10 9 82 8 SOUTH SURREY WHITE ROCK 1 722 800 337 6 0 3 1 3 3 3 7 6 2 5 11 7 41 5 LANGLEY 1 516 100 400 3 0 7 1 8 4 8 7 0 3 7 15 3 89 3 ABBOTSFORD 1 163 000 396 4 0 8 4 3 4 2 6 8 8 4 12 4 109 1 MISSION 948 700 355 9 0 0 3 3 6 2 9 9 5 6 12 1 116 6 LOWER MAINLAND 915 400 349 5 0 1 1 5 3 5 6 1 0 4 23 7 85 7 FRASER VALLEY BOARD 770 700 345 9 0 3 1 0 4 6 7 1 1 1 23 4 110 7 NORTH DELTA 873 600 382 0 3 1 4 6 5 9 5 5 0 4 20 9 91 4 NORTH SURREY 698 200 401 0 0 9 1 1 8 3 6 3 2 0 23 5 138 0 SURREY 767 000 353 0 0 0 0 1 3 5 7 8 2 2 21 6 122 9 CLOVERDALE 779 500 320 4 0 2 0 1 3 7 6 9 1 7 19 6 106 7 SOUTH SURREY WHITE ROCK 863 300 273 0 0 3 1 5 6 4 8 5 3 7 18 5 70 7 LANGLEY 810 300 349 6 0 5 2 1 4 5 6 7 1 5 28 7 127 8 ABBOTSFORD 626 100 345 1 1 0 1 9 3 9 5 2 3 5 28 5 139 7 MISSION 652 800 357 5 0 4 0 9 0 4 0 9 9 3 37 3 146 7 LOWER MAINLAND 654 900 328 6 0 4 1 0 3 7 7 1 2 9 11 8 60 2 FRASER VALLEY BOARD 488 300 402 2 0 1 1 7 4 6 8 9 3 1 19 7 133 6 NORTH DELTA 510 100 493 8 1 5 3 7 5 1 6 5 8 2 12 7 156 0 NORTH SURREY 430 900 400 1 0 4 0 5 3 4 10 4 9 9 9 7 122 9 SURREY 494 100 460 1 1 1 2 9 5 1 7 3 5 1 23 6 166 9 CLOVERDALE 546 600 405 2 0 7 0 1 4 1 6 6 2 0 16 9 127 9 SOUTH SURREY WHITE ROCK 559 500 331 3 1 0 2 7 4 7 8 9 1 7 19 0 110 9 LANGLEY 553 000 386 2 0 0 2 0 5 6 8 4 0 5 24 7 144 7 ABBOTSFORD 400 800 431 0 0 8 1 4 4 6 10 2 1 8 25 8 183 6 MISSION 430 300 384 9 1 6 0 4 1 1 6 4 2 1 27 5 177 7 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 February month end 10 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