Fraser Valley Housing Market Update (Fall 2025)

The average residential sale price in the Fraser Valley housing market has decreased by 5.2 per cent year-over-year across all property types, between January 1 – July 31, 2025, dipping from $1,308,632 to $1,240,450. Meanwhile, sales also decreased by 11.3 per cent for the same time period, from 16,094 homes changing hands in 2024 to 14,283 unit sales in 2025. In lockstep, the number of listings increased by 11.6 per cent, from 38,126 in 2024 to 42,534 in 2025. 

Looking ahead to the fall market, average sales price is expected to decline by about two per cent, reflecting buyers’ hesitancy, affordability pressures, and a need for sellers to adjust pricing expectations.

The Fraser Valley housing market has largely moved past the heightened uncertainty observed earlier in the year; however, some caution remains, and outcomes continue to depend on individual client needs and circumstances. The early transfer of generational wealth to assist younger buyers has decreased compared to periods of rapid market growth, when parents and grandparents were more eager to ensure the next generation could enter the market. While parental support remains the most common form of assistance locally, its prevalence is lower now than it was even a few years ago. 

New and up-and-coming neighbourhoods in the region include Willoughby Heights in Langley, Clayton Heights in Surrey, and Mount Pleasant in Vancouver. These areas have remained popular choices among buyers over the past few years, attracting interest due to a combination of relative affordability and nearby amenities. 

The “subject to sale” condition remains a significant and common feature of the current market. This occurs when a buyer’s purchase is contingent on the successful sale of their existing home, providing protection against taking on multiple financial commitments. While not often widely discussed, it is particularly prevalent in transitional markets or periods of uncertainty. Sellers should also be aware that, while this condition allows more buyers to participate in the market, it can also create longer timelines and added complexity in completing a transaction.