Fraser Valley Market Heats Up (Sort Of) – May 2025

Andy Schildhorn • June 3, 2025

SURREY, BC — On the heels of a quiet April, Fraser Valley home sales saw a modest but encouraging uptick in May — a sign that buyer confidence may slowly be returning to the market.

 

The Fraser Valley Real Estate Board recorded 1,183 sales on its Multiple Listing Service® (MLS®) in May, up 13 per cent from April. Despite the increase, sales were 22 per cent below May 2024 levels and 36 per cent below the 10-year seasonal average.



Overall inventory continues to build, with active listings up six per cent in May, to 10,626, an increase of 34 per cent year-over-year and 54 per cent above the 10-year seasonal average. New listings increased seven per cent from April to May to 4,007.

 

“High inventory in the Fraser Valley is giving buyers more choice, but it also means sellers are facing more competition,” said Tore Jacobsen, Chair of the Fraser Valley Real Estate Board. “We’re seeing that homes priced appropriately for today’s market are selling, while sellers who aren’t in a rush are choosing to hold off or stand firm on pricing and wait for more favourable conditions.”




The overall sales-to-active listings ratio of 11 per cent indicates the Fraser Valley remains in a buyer’s market. The market is considered balanced when the ratio is between 12 per cent and 20 per cent.

 

Across the Fraser Valley in May, the average number of days to sell a single-family detached home was 34, while for a condo it was 33 days. Townhomes took, on average, 27 days to sell.



“Many buyers are taking a wait and see approach, hoping for the economy to improve,” said Baldev Gill, CEO of the Fraser Valley Real Estate Board. “Job security, inflation, and the cost of living continue to weigh on the minds of many families. As soon as greater confidence begins to return, we could start to see more activity in the market.

 

”The composite Benchmark price in the Fraser Valley decreased one per cent in May, to $963,200.


MLS® HPI Benchmark Price Activity

 

  • Single-Family Detached: At $1,481,900, the Benchmark price for an FVREB single-family detached home decreased 1.6 per cent compared to April 2025 and decreased 3.2 per cent compared to May 2024.
  • Townhomes: At $832,800 the Benchmark price for an FVREB townhome decreased 0.03 per cent compared to April 2025 and decreased 2.5 per cent compared to May 2024.
  • Apartments: At $532,700 the Benchmark price for an FVREB apartment/condo decreased 0.9 per cent compared to April 2025 and decreased 4.0 per cent compared to May 2024.

🏡📉 Declining prices and high inventory strengthen buyer’s market heading into fall 🍂⏳

By Andy Schildhorn • September 3, 2025
SURREY, BC – Fraser Valley home sales fell more than 20 per cent in August, but buyers who did get into the market were able to take advantage of favourable conditions including abundant choice, softer prices and more time to make decisions. The Fraser Valley Real Estate Board recorded 931 sales on its Multiple Listing Service® (MLS®) in August, down 22 per cent from July and down 13 per cent year-over-year. August sales were 36 per cent below the 10-year average. The Fraser Valley buyer’s market remains strong with inventory levels holding relatively stable, down just two per cent to 10,445 active listings. Newly listed homes declined 19 per cent month-over-month to 2,793; up half a per cent year-over-year. The overall sales-to-active listings ratio for August dropped to nine per cent, down two per cent from July. The market is considered balanced when the ratio is between 12 per cent and 20 per cent.

Presale market stalled: What’s ahead for Metro Vancouver’s new-build housing?

By Emma Caplan-Fisher | Real Estate Magazine • September 3, 2025
After years of outsized demand, Metro Vancouver’s presale housing market has slowed to a pace not seen in over a decade. According to real estate sales and marketing company MLA Canada, only 35 projects launched in the past year — over 40 per cent below the five-year average — and fewer than 400 presale units sold, marking an 85 per cent decline from historical benchmarks. For Barrett Sprowson, senior vice president, residential at Peterson Real Estate, the numbers match what he’s seeing on the ground. “I’ve said the market is stagnant (but) that was very diplomatically understated. If I were a little more honest, I’d say it’s kind of anemic and as flat as I’ve ever seen it.” More Details Here

BC Home Closing Costs 2025: Don’t Get Caught Off Guard in Langley & Fraser Valley

By Andy Schildhorn • September 2, 2025
Buying a home in Langley or the Fraser Valley in 2025? Most buyers save for the down payment — but forget about the other big expense: closing costs. On a $1,000,000 home, closing costs can add an extra $15,000–$40,000. Don’t get caught off guard at the lawyer’s office. In this video, I’ll walk you through exactly what to expect: Property Transfer Tax (PTT): BC’s biggest hidden cost — and how exemptions can save first-time buyers thousands. Legal & Title Costs: Lawyer fees, disbursements, and why title insurance matters. Upfront Costs: Inspections, appraisals, and your deposit. Adjustments & Taxes: Property tax credits, GST relief for first-time buyers, and the new BC Home Flipping Tax. After Closing Costs: Movers, utilities, insurance, and the little extras that add up fast. Download my FREE Closing Costs Checklist: https://andyschildhorn.macrealty.com/... Pro Tip: New federal rules now allow 30-year amortizations for first-time buyers of new builds, making the Langley market more accessible than ever. Book your free consultation: https://rly.forsale/Chat-with-Andy 778.835.8957 [email protected] www.AndytheRealtor.com
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