📊Fraser Valley Market Update with MYBConsulting | October Insights 🏡

Langley Township will allow buildings between six and 12 storeys tall in pre-zoned areas along parts of 200 Street, council has decided at its Monday, Nov. 3 meeting. 👉 More Details Here

Fraser Valley home prices have now fallen for seven straight months — here’s what it means for buyers and sellers. 📊 October 2025 Fraser Valley Market Overview Fraser Valley home prices have now fallen for seven straight months — the longest correction since 2019. According to the Fraser Valley Real Estate Board’s October report: 🏠 Sales: 1,123 homes sold (+17% MoM / –16% YoY) 📈 Active Listings: 10,121 (+15% YoY) 📉 Sales-to-Active Ratio: 11% → firmly a buyer’s market 💰 Benchmark Prices 🏡 Detached: $1,411,900 (–0.6% MoM / –5.1% YoY) 🏘️ Townhomes: $786,000 (–1.2% MoM / –5.6% YoY) 🏢 Condos: $506,400 (–0.8% MoM / –6.8% YoY) 📊 Composite: $919,900 (–0.7% MoM / –5.3% YoY) 💹 Interest Rates & Economy The Bank of Canada rate holds at 2.25%. Inflation is easing, but tariffs and a slower global economy add uncertainty. Major banks remain split — some expect stability through 2026, others forecast small rate cuts next year. 💬 Real Client Story One of my recent clients moved from Vancouver Island to Langley to be closer to family — proof that even in a slower market, the right timing and strategy still create success. 📖 Read her review: 👉 https://rankmyagent.com/agent/reviews/171562 🧭 What This Means for You If you’re buying, inventory is strong and competition is light. If you’re selling, pricing for today’s reality — not last year’s memory — is key. After seven months of price declines, the market is recalibrating — not crashing. With realistic pricing and a clear plan, opportunities are still out there.