Image: Realtor.ca / An Abbotsford home for sale at 35797 Ledgeview Drive, asking price of $2.4 million.

By Mike Vanden Bosch

Prices drop, sales stall

Fraser Valley home sales slump amid affordability concerns, economic pressures: FVREB

Dec 2, 2025 | 7:54 AM

FRASER VALLEY — The Fraser Valley Real Estate Board says easing prices and an ample supply of housing inventory weren’t enough to lift slumping sales amid seasonal buying patterns in November.

In a statement, the FVREB says it recorded 943 sales in its Multiple Listing Service last month, a 16 per cent drop from October and a 17 per cent dip below sales from November 2024. New listings slowed once again in November, dropping 26 per cent month over and month.

The FVREB president suggests economics are contributing significantly to the downturn in sales.

“Affordability concerns and economic pressures are weighing heavily on many Fraser Valley households,” said Tore Jacobsen, chair of the Fraser Valley Real Estate Board. “Our realtors understand how personal and complex these decisions are. But there are encouraging signs for buyers. Composite prices are closer to early-2023 levels, inventory has improved, and there is more space to negotiate than we’ve had in recent years.”

The Fraser Valley remains firmly in a buyer’s market, with an overall sales-to-active listings ratio of 10 per cent in November, down one per cent from October. A balanced market is typically defined by a ratio between 12 and 20 per cent.

Vehicle into the Fraser River

Agassiz firefighters, BC EHS paramedics respond after vehicle winds up in the Fraser River Wednesday

1h ago

Rebuilding a destroyed church

Chilliwack council OK's development variance permit to rebuild church destroyed by fire in 2023

7h ago

Chilliwack North MLA speaks up

Chilliwack North MLA welcomes resignation of party leader

7h ago

Across the Fraser Valley in November, the average number of days to sell a single-family detached home was 52 days, while for a condo it was 41 days. Townhomes took, on average, 37 days to sell.

“With mortgage conditions tightening, buyers are encountering increased scrutiny and higher down payment expectations from lenders,” said Baldev Gill, CEO of the Fraser Valley Real Estate Board. “These constraints can delay transactions and influence overall activity in the market. That’s why working with an experienced realtor is critical — someone who understands the landscape and can guide clients through these obstacles with confidence.”

The composite benchmark price for a typical home in the Fraser Valley decreased 0.7 per cent in November, to $912,400.

MLS HPI Benchmark Price Activity

• Single Family Detached: At $1,405,500 the Benchmark price for an FVREB single-family detached home decreased 0.6 per cent compared to October 2025 and decreased 5.4 per cent compared to November 2024.
• Townhomes: At $778,700 the Benchmark price for an FVREB townhome decreased 0.8 per cent compared to October 2025 and decreased 6.8 per cent compared to November 2024.
• Apartments: At $496,500 the Benchmark price for an FVREB apartment/condo decreased one per cent compared to October 2025 and decreased 6.9 per cent compared to November 2024.

There are over 5,000 real estate agents associated with the Fraser Valley Real Estate Board in communities like Abbotsford, Langley, Mission, North Delta, Surrey, and White Rock.