February 2026 Fraser Valley Real Estate Board Statistics – 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.
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.
Listings inch up, demand remains steady and price gains continue in Metro Vancouver’s housing market in February VANCOUVER, BC – March 2, 2022 – The Metro Vancouver* housing market saw steady home sales activity, modest increases in home listings and continued upward trends in pricing in February. The Real Estate Board of Greater Vancouver…
Steady demand and low supply benefits home sellers VANCOUVER, BC – March 3, 2020 – February saw steady home buyer demand and reduced home seller supply across Metro Vancouver*. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,150 in February 2020, a 44.9 per…
Fraser Valley real estate market full steam ahead in January; another record‐setter for property sales SURREY, BC – In a month that is usually one of the quietest in real estate, Fraser Valley’s market continued at a breakneck pace, producing the strongest January sales on record as well as a modest uptick in new…
Housing market activity picks up in the Fraser Valley as buyers and sellers adapt to the new environment SURREY, BC – In May, Fraser Valley listings and property sales started to bounce back as REALTORS® helped their clients adjust to the new, necessary safety measures required to buy and sell a home during the…
August 2026 Greater Vancouver Realtors Statistics – Home sales continue downward trend to close the summer VANCOUVER, BC – September 2, 2026 – Home sales registered on the MLS® in Metro Vancouver declined 4.6 per cent compared to August last year, marking the end of a summer season that underperformed the summer of 2025. The…
Sellers await buyers’ return after quieter summer market Home sales registered on the MLS® in Metro Vancouver remained below their ten-year seasonal averages in August as summer holidays come to a close. Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 1,904 in August 2024, a 17.1 per cent decrease from the 2,296 sales…
