Chilliwack is located approximately 100 kilometres east of Vancouver along the Trans-Canada Highway (Highway 1) in the eastern Fraser Valley. With a population of approximately 125,000 in the city and a broader regional population over 150,000, Chilliwack has consistently ranked among Canada’s fastest-growing communities driven by affordability, agricultural land, outdoor recreation (Vedder River, Cultus Lake, mountain trails), and proximity to Metro Vancouver for commuters.
Chilliwack has its own dedicated real estate board, the Chilliwack and District Real Estate Board (CADREB), distinct from the broader Fraser Valley Real Estate Board (FVREB) that covers Surrey, Langley, Abbotsford, and Mission.
Key Highlights – July 2026 (CADREB):
- Average home price: $768,129 (+1.7% YoY)
- MLS HPI composite benchmark: $720,300 (-4.9% YoY – eighth straight year-over-year decline)
- Total sales: 181 (-14.2% year-over-year, lowest July level in years)
- Active listings: 1,408 (+1.6% year-over-year, highest for July in more than five years)
- Months of supply: 7.8 (up from 6.6 a year ago)
- Market: on the cusp of buyer’s market conditions per CADREB’s own president
Chilliwack Home Prices – July 2026
| Home Type | Price |
|---|---|
| Average (all residential) | $768,129 (+1.7% YoY) |
| MLS HPI Composite Benchmark | $720,300 (-4.9% YoY) |
| Single-Family Benchmark | $881,000 (-5.4% YoY) |
| Townhouse Benchmark | $593,400 (-4.6% YoY) |
| Apartment Benchmark | $405,200 (-3.9% YoY) |
Composite, single-family, townhouse, and apartment figures are real MLS HPI benchmark prices from CADREB (July 2026). Neighbourhood price ranges below are editorial estimates based on typical listings by area.
Market Metrics – July 2026
| Metric | Value |
|---|---|
| Average Price | $768,129 |
| Average Price YoY | +1.7% |
| YTD Average Price | $769,953 |
| MLS HPI Composite Benchmark | $720,300 |
| Benchmark YoY Change | -4.9% |
| Total Sales | 181 |
| Sales YoY | -14.2% |
| New Listings | 430 |
| New Listings YoY | -14.2% |
| Active Listings | 1,408 |
| Active Listings YoY | +1.6% |
| Months of Supply | 7.8 |
| Dollar Volume | $139 million (-12.7% YoY) |
| Market Condition | Cusp of buyer’s market |
| Data Source | Chilliwack and District Real Estate Board (CADREB) |
Income Required to Buy in Chilliwack
Assumptions: 20% down payment, 3.99% contract rate (5.99% qualifying rate), 25-year amortization, GDS ratio of 32%, property tax $354/month, heating $150/month.
| Home Price | Mortgage (80%) | Income Required |
|---|---|---|
| $768,129 (average) | $614,500 | $169,500 |
| $720,300 (composite benchmark) | $576,200 | $159,000 |
| $405,200 (apartment benchmark) | $324,200 | $89,400 |
| $593,400 (townhouse benchmark) | $474,700 | $131,000 |
| $881,000 (single-family benchmark) | $704,800 | $194,400 |
Key Trends – Chilliwack July 2026
Eighth Straight Year-Over-Year Benchmark Decline: CADREB’s own president noted that “MLS® benchmark prices have recorded their eighth consecutive year-over-year decline amid softer conditions.” Despite this, the average sale price is still up 1.7% year-over-year, reflecting a shift in the mix of homes selling rather than outright price gains.
Inventory Elevated, But Steady: Active listings of 1,408 are the highest for July in more than five years and 8.9% above the five-year average, keeping the market on the cusp of buyer’s territory. New listings, however, fell to a five-year low for July, down 14.2% – CADREB describes new supply as being “on a downward slope” since the start of 2025.
Sales at a Multi-Year Low: July’s 181 sales were down 14.2% year-over-year and 27.3% below the 10-year average – though CADREB notes “sales have seen a bit of an upward swing over the past few months” even with the year-over-year comparison still negative.
Correction from Pandemic Peak: Chilliwack prices surged dramatically during the pandemic as Vancouver buyers moved east seeking affordability. At the peak in early 2022, average prices briefly exceeded $900,000. The current average of $768,129 sits below that peak but remains significantly above pre-pandemic levels (~$550,000 in 2019).
Affordability Advantage: Despite the ongoing benchmark decline, Chilliwack remains meaningfully cheaper than Metro Vancouver and other Fraser Valley communities like Surrey and Langley. This affordability gap, combined with Highway 1 connectivity and continued remote/hybrid work patterns, provides long-term demand support.
Rental Market: Unlike Metro Vancouver, Chilliwack has a more balanced rental market. Average rents for a two-bedroom unit are in the $1,600-$2,000 range, with condo cap rates for investors now trending toward 4-5% at current prices – more viable than during the peak.
Notable Neighbourhoods in Chilliwack
Promontory: One of Chilliwack’s most desirable newer developments — a master-planned hillside community in the southeast with modern single-family homes, panoramic mountain views, and newer amenities. Detached $850k–$1.1M+.
Heritage (Downtown/Central Chilliwack): Established older neighbourhood near downtown core, Vedder River, and Heritage Park. More affordable stock. Detached $650k–$900k.
Sardis: South Chilliwack community with a mix of older and newer homes. Convenient access to Vedder Road commercial corridor, schools, and recreation. Detached $750k–$1.0M; townhouses $500k–$650k.
Garrison Crossing: Unique redevelopment of the former Canadian Forces Base Chilliwack. Modern townhomes and single-family homes with a distinct planned-community character. Townhouses $520k–$700k.
Rosedale / Greendale: Agricultural and rural character east of Chilliwack proper. Acreage and rural residential properties. Strong demand from buyers seeking space. Detached acreage $900k–$1.5M+.
Yarrow / Vedder Mountain Area: Growing rural community south of Chilliwack near Cultus Lake. Rural residential with mountain access. Detached $700k–$1.1M.
Getting to Metro Vancouver from Chilliwack
| Route | Time (off-peak) | Notes |
|---|---|---|
| Drive via Highway 1 | 90–110 min to Downtown Vancouver | Traffic-dependent; can be 2+ hrs during rush hour |
| West Coast Express | No direct service | Closest WCE station is Mission City (~40 min drive) |
| Bus (BC Transit / TransLink) | 2–3 hrs | Limited direct service; transfer required |
Chilliwack is at the outer edge of practical daily commuting distance to Vancouver. The market is better suited to households with remote/hybrid work arrangements, those employed locally, or retirees.
BC Property Transfer Tax – Chilliwack
BC PTT on a $768,129 home:
| Portion | Rate | Tax |
|---|---|---|
| First $200,000 | 1.0% | $2,000 |
| $200,001-$768,129 | 2.0% | $11,363 |
| Total | ≈ $13,363 |
First-time buyers may qualify for the BC First Time Home Buyers’ Exemption (full exemption on homes up to $500,000; partial exemption from $500,000 to $525,000). At the average price of $768k, the full exemption does not apply, but buyers of condos and townhouses in the $350k-$500k range may benefit.
Related Calculators & Tools
- Mortgage Affordability Calculator
- Land Transfer Tax Calculator
- CMHC Mortgage Insurance Calculator
- Fraser Valley Housing Market — regional context and all Fraser Valley data
- Surrey Housing Market — Metro Vancouver’s most affordable major city
- Kelowna Housing Market — BC Interior comparison
- British Columbia Housing Market — provincial overview
- Canada Housing Market — national overview
Data Sources
- Chilliwack and District Real Estate Board (CADREB)
- Canadian Real Estate Association (CREA) – National MLS® Statistics
- Data period: July 1-31, 2026