What is the average home price in Chilliwack?

The average home price in Chilliwack was $686,000 in March 2026, an estimated 10% decrease from March 2025. Chilliwack is one of the more affordable home-buying options in the Lower Mainland / Fraser Valley corridor, offering detached homes at prices significantly below Vancouver and Surrey.

Is Chilliwack a buyer's or seller's market in 2026?

As of March 2026, the broader Fraser Valley is in buyer's market territory with a sales-to-active-listings ratio (STAR) of 10.9%. With 9,201 active listings board-wide and 1,007 sales, buyers have meaningful selection and negotiating leverage.

Is Chilliwack worth buying in for real estate investment?

Chilliwack offers strong long-term fundamentals: Canada's fastest-growing mid-size city, affordability relative to Metro Vancouver, Highway 1 and rail connectivity, and continued in-migration. However, the market is currently correcting from pandemic-era highs, and investor supply exits are contributing to the elevated inventory. Best suited for long-term owner-occupants or patient investors.

What is the BC Property Transfer Tax in Chilliwack?

Chilliwack buyers pay BC's Property Transfer Tax: 1% on the first $200,000 and 2% on the $200,000 to $2,000,000 portion. On a home at the Chilliwack average of $686,000, the PTT is approximately $11,720. First-time buyers may qualify for a full exemption if the purchase price is under $500,000, or a partial exemption up to $525,000.

Chilliwack Housing Market Report — March 2026

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 falls within the Fraser Valley Real Estate Board (FVREB) reporting territory, which covers the Fraser Valley from Surrey east through Abbotsford and Mission to the Chilliwack area.

Key Highlights — March 2026 (FVREB):

Average home price: $686,000 (est., ~-10% year-over-year)
FVREB total sales: 1,007 (-2.8% year-over-year)
FVREB active listings: 9,201 (-0.2% year-over-year)
FVREB sales-to-active-listings ratio: 10.9% (buyer’s market)
Market: buyer’s market conditions — elevated inventory, benchmark prices edging up for first time in nearly a year

Chilliwack Home Prices — March 2026

Home Type	Approx. Price Range
All Residential Average	$686,000 (est.)
Detached (urban Chilliwack)	$750,000–$1,050,000
Detached (rural/acreage)	$900,000–$1,500,000+
Townhouse	$475,000–$650,000
Condo Apartment	$320,000–$520,000

Pricing varies across Chilliwack’s diverse sub-markets. Heritage, Promontory, and newer developments in the south command premiums over older downtown-area stock.

Market Metrics — March 2026

Metric	Value
Average Price	$686,000 (est.)
Price Change YoY	~-10% (est.)
FVREB Total Sales	1,007
FVREB Sales YoY	-2.8%
FVREB Active Listings	9,201
FVREB Active Listings YoY	-0.2%
FVREB Sales-to-Active Ratio (STAR)	10.9%
Market Condition	Buyer’s market
Data Source	Fraser Valley Real Estate Board (FVREB)

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
$686,000 (avg)	$548,800	$151,400
$500,000 (condo/townhouse)	$400,000	$116,900
$400,000 (entry condo)	$320,000	$97,300
$850,000 (detached)	$680,000	$183,100
$1,100,000 (larger detached)	$880,000	$232,700

Key Trends — Chilliwack March 2026

Signs of Stabilization: The broader Fraser Valley saw benchmark prices edge up in March for the first time in nearly a year. While Chilliwack continues to see year-over-year price declines, the pace of decline is moderating as the market moves toward a bottom. FVREB-wide sales rose 19.5% from February, signalling increasing buyer engagement.

Inventory Remains Elevated: Active listings across the Fraser Valley sit at 9,201, keeping the market firmly in buyer’s territory. This gives Chilliwack buyers continued negotiating leverage and ample selection.

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 approximately $686,000 represents a correction of approximately 24% from that peak, though it remains significantly above pre-pandemic levels (~$550,000 in 2019).

Affordability Advantage: Despite the correction, 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 $686,000 home:

Portion	Rate	Tax
First $200,000	1.0%	$2,000
$200,001–$686,000	2.0%	$9,720
Total		≈ $11,720

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 $686k, the full exemption does not apply, but buyers of condos and townhouses in the $350k–$500k range may benefit.

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

Fraser Valley Real Estate Board (FVREB) — March 2026 Statistics Package
Canadian Real Estate Association (CREA) — National MLS® Statistics
Data period: March 1–31, 2026