What is the average home price in the Fraser Valley?

The FVREB composite benchmark price in March 2026 was approximately $930,000 (estimated). Benchmark prices by type: detached $1,375,600 (-8.7% YoY), townhouse $772,700 (-7.3% YoY), apartment $489,200 (-9.2% YoY). The market is in buyer's territory with a sales-to-active-listings ratio (STAR) of 10.9%.

What cities are included in the Fraser Valley for real estate?

The Fraser Valley Real Estate Board (FVREB) covers Surrey, Langley, Abbotsford, Mission, White Rock, and surrounding communities east of Metro Vancouver. Surrey is the largest market at approximately 568,000 population. The FVREB is distinct from Greater Vancouver REALTORS, which covers Vancouver, Burnaby, Richmond, and the North Shore.

Is the Fraser Valley a buyer's market in 2026?

Yes — as of March 2026, the Fraser Valley is in buyer's market conditions. The sales-to-active-listings ratio (STAR) was 10.9% — below the 12% buyer's market threshold — with 9,201 active listings and 1,007 transactions. Buyers have meaningful negotiating leverage across most price segments.

What is the BC Property Transfer Tax in the Fraser Valley?

All BC properties including those in the Fraser Valley are subject to 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 Fraser Valley estimated average of $930,000, the PTT is approximately $16,600. First-time buyers may qualify for a full exemption if the purchase price is below $500,000.

Fraser Valley Housing Market Report — March 2026

The Fraser Valley is Metro Vancouver’s eastern suburban market, stretching from Surrey and Langley to Abbotsford and Mission. Administered by the Fraser Valley Real Estate Board (FVREB) and distinct from Greater Vancouver REALTORS® reporting, the Fraser Valley offers more accessible price points than Metro Vancouver while maintaining strong links to the broader Lower Mainland economy via Highways 1 and 99, commuter rail, and the South Fraser Perimeter Road.

March 2026 data from FVREB shows continued buyer’s market conditions with prices stabilizing month-over-month despite ongoing year-over-year declines. Sales volume rebounded from February’s lows.

Key Highlights — March 2026 (FVREB):

Detached benchmark: $1,375,600 (+0.3% MoM, -8.7% YoY)
Townhouse benchmark: $772,700 (+0.3% MoM, -7.3% YoY)
Apartment benchmark: $489,200 (+0.2% MoM, -9.2% YoY)
Total sales: 1,007 (+19.5% MoM, -2.8% YoY)
New listings: 3,341 (+19.5% MoM, -12.1% YoY)
Active listings: 9,201 (+10.3% MoM, -0.2% YoY)
STAR: 10.9% (buyer’s market below 12%)
Market: buyer’s market with month-over-month price stabilization

Fraser Valley Benchmark Prices by Property Type — March 2026

Property Type	Benchmark Price	MoM Change	YoY Change
Detached	$1,375,600	+0.3%	-8.7%
Townhouse	$772,700	+0.3%	-7.3%
Apartment	$489,200	+0.2%	-9.2%

Benchmark prices across all property types edged higher month-over-month in March, the first consecutive monthly gains since mid-2025. Year-over-year declines remain significant but are narrowing from their widest points. The detached/townhouse/apartment benchmark data is sourced from FVREB’s official March 2026 infographic.

Estimated sub-municipal averages: Surrey ~$949,000, Abbotsford ~$743,000, Langley ~$903,000, Mission ~$722,000, White Rock ~$1,053,000. These are estimates based on proportional February 2026 data.

Market Metrics — March 2026

Metric	Value
Total Sales	1,007
Sales MoM / YoY	+19.5% / -2.8%
New Listings	3,341
New Listings MoM / YoY	+19.5% / -12.1%
Active Listings	9,201
Active Listings MoM / YoY	+10.3% / -0.2%
STAR (Sales-to-Active Ratio)	10.9%
Market Condition	Buyer’s market
Data Source	FVREB (Fraser Valley Real Estate Board)

Income Required to Buy in the Fraser Valley

The table below shows the gross annual household income required to qualify for a mortgage across key Fraser Valley price points.

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.

Location	Home Price	Mortgage (80%)	Income Required
Fraser Valley (est. avg)	$930,000	$744,000	$197,700
Surrey (est.)	$949,000	$759,200	$201,400
Abbotsford (est.)	$743,000	$594,400	$161,600
Mission (est.)	$722,000	$577,600	$157,600
White Rock (est.)	$1,053,000	$842,400	$218,800

Key Trends — Fraser Valley March 2026

Buyer’s Market Persists: With a STAR of 10.9%, the FVREB market remains below the 12% threshold. However, the STAR tightened slightly from deeper buyer’s market territory earlier in the year, as sales volume recovered (+19.5% MoM) while new listings grew more modestly relative to the seasonal norm.

Month-over-Month Price Stabilization: All three property types posted small month-over-month benchmark gains (+0.2% to +0.3%), suggesting the price correction may be bottoming out. This is a significant shift from the steady monthly declines seen through much of 2025.

Inventory Still Elevated: Active listings reached 9,201, up 10.3% from February. Year-over-year, inventory is virtually flat (-0.2%), but remains significantly elevated compared to 2021–2022 lows. Buyers continue to have meaningful selection and negotiating leverage.

New Listings Declining: New listings fell 12.1% year-over-year, which may limit further inventory growth and contribute to the tightening STAR. If this trend continues, the market could shift toward more balanced conditions.

Notable Areas in the Fraser Valley

South Surrey / White Rock: The most premium Fraser Valley sub-market. Ocean-view properties, established neighbourhoods, and proximity to the U.S. border. Detached homes typically $1.2M–$2.5M+. South Surrey is technically within the City of Surrey, making it the upper-tier of that municipality.

Langley Township: Rapidly urbanizing with new suburban development, transit-oriented nodes around Willowbrook, and growing employment lands. Strong school ratings. Detached $900k–$1.2M in newer areas.

Langley City: Smaller urban core with higher-density development. Close to the future SkyTrain Expo Line extension to Langley. Townhouses $700k–$900k, condos $450k–$650k.

Cloverdale (Surrey): Heritage character shopping district with mixed-density residential. Transition zone between South Surrey and central Surrey. Detached $950k–$1.3M.

Abbotsford: BC’s 5th largest city and an agricultural hub. Drive time to Metro Vancouver is 60–90 min. Most affordable FVREB sub-market. Detached from $700k–$1.0M, condos from $380k–$550k. Strong university community (UFV).

Mission: Small city on the Fraser River. Active downtown revitalization. Mission/West Coast Express rail provides direct downtown Vancouver commute. Most affordable Fraser Valley option; detached from $600k–$850k.

BC Property Transfer Tax — Fraser Valley

British Columbia’s Property Transfer Tax (PTT) applies to all real estate purchases in the province.

BC PTT on a $930,000 home:

Portion	Rate	Tax
First $200,000	1.0%	$2,000
$200,001–$930,000	2.0%	$14,600
Total		≈ $16,600

First-time buyers may qualify for the BC First Time Home Buyers’ Exemption (full exemption on homes up to $500,000; partial exemption up to $525,000).

New construction buyers may qualify for the Newly Built Home Exemption on properties up to $1,100,000.

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Data Sources

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