Fraser Valley market shows early bloom with February sales lift

SURREY, BC – The Fraser Valley market showed early signs of a spring thaw in February, with sales increasing over January but continuing to trail typical levels for this time of year.

The Fraser Valley Real Estate Board recorded 843 sales on its Multiple Listing Service® (MLS®) in February, a 36 percent increase from January, but 38 percent below the ten-year seasonal average. New listings declined nine percent in February to 2,796, suggesting some sellers are choosing to wait amid competitive inventory levels and may be positioning their homes for the peak of the spring market.

“Buyer-friendly conditions continue to define the Fraser Valley market,” said Tore Jacobsen, Chair of…

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The new normal for Metro Vancouver’s housing market continues


Metro Vancouver home sales registered on the MLS® in February continued the recent trend of slower-than-average sales, seeing a ten percent decline over the same period last year.


The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 1,648 in February 2026, a 9.8 percent decrease from the 1,827 sales recorded in February 2025. This was 28.7 percent below the 10-year seasonal average (2,310).


“With each passing data point, the pace of sales running well below long-term averages is no longer a surprise—it's become the new norm,” said Andrew Lis, GVR chief economist and vice president of data analytics. “A surprising finding this February,…

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Canadian real GDP rose by 0.2 per cent in December, after remaining mostly flat in November. Both goods-producing and service-producing sectors grew by 0.2 per cent, respectively. Sectoral growth was led by manufacturing (1.2 per cent), wholesale trade (1.7 per cent), and transportation/warehousing (0.7 per cent). The biggest detractor to growth came from mining, quarrying, and oil and gas extraction (-0.9 per cent). Output for the offices of real-estate agents and brokers fell by 3.6 per cent month-over-month. Preliminary estimates suggest that real GDP by industry was essentially unchanged in January.
     
Real GDP decreased by 0.2 per cent in the fourth quarter of 2025, registering an annualized growth rate of -0.6 per cent. Contraction was driven by…

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Fraser Valley home prices back to pandemic-era levels under weight of economic headwinds and sustained inventory

SURREY, BC – Home prices in the Fraser Valley fell for the tenth consecutive month in January, pushing the Benchmark price below $900,000 for the first time since spring 2021.

The Benchmark price for a typical home in the Fraser Valley dropped one per cent in January to $897,200, down 6.9 per cent year-over-year.

The continued softening of prices was not enough to get buyers off the sidelines, as the Fraser Valley Real Estate Board recorded 619 sales on its Multiple Listing Service® (MLS®) in January. This represents a 33 per cent decrease from December and a 24 per cent decline compared to the same month last year.

New listings…

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New Year, Same Housing Market in Metro Vancouver

VANCOUVER, BC, February 3, 2026

Last year’s market trends continued in January as home sales registered on the MLS® in Metro Vancouver were 28.5 percent lower than last year, setting the year off to a quieter start.

The Greater Vancouver REALTORS® reports that residential sales in the region totalled 1,107 in January 2026, a 28.7 percent decrease from the 1,552 sales recorded in January 2025. This was 30.9 percent below the 10-year seasonal average of 1,602.

“On their own, the January sales appear alarming, but it’s important to put these figures in the context of the past few years. Last year ended with one of the lowest sales totals in over two decades, and so it’s not surprising that the…

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Vancouver is famous for its stunning scenery and its sky-high housing costs. As of late 2025, the benchmark price for a typical home in Metro Vancouver was around $1.1 million, with condo apartments hovering near $710,000. Renting isn’t much easier on the wallet: an unfurnished one-bedroom apartment in the city costs about $2,223 per month on average. Given these daunting figures, many residents are exploring creative ways to make living in Vancouver more affordable. Two options often discussed are splitting an apartment with roommates (an apartment share) and buying a leasehold property instead of a traditional freehold home. But should you ever consider an apartment share or leasehold property in Vancouver? This article breaks down what each option…

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Vancouver’s real estate market has a long history of intense competition, with multiple offers often driving up home prices. It’s no wonder many buyers feel anxious about bidding wars. Learning how to win a bidding war in Vancouver without overpaying is crucial to avoid buyer’s remorse. The good news is that with the right preparation and strategy, Vancouver bidding wars don’t have to mean breaking your budget. This guide will provide clear, actionable tips – without fluff – to help you come out ahead in a multiple-offer situation while keeping your finances in check.

 

Understanding Vancouver’s Real Estate Market

Before diving into tactics, it’s important to understand the context of Vancouver real estate multiple offers and current market…

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Bridge loans are short-term financing tools that help buyers and sellers close real estate deals without waiting for traditional timelines to line up. In simple terms, a bridge loan allows a homeowner to access the equity in their current home to help purchase a new one before the existing property has sold. This type of bridge loan in real estate is commonly used when sale and purchase dates do not align.

In markets like British Columbia, where competition is high and timing matters, bridge loans give buyers the ability to act quickly. Instead of writing offers that depend on selling first, buyers can move forward with confidence. Sellers benefit as well because they are not forced to rush a sale or accept weaker offers just to free up funds.

This…

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2025 Fraser Valley housing market is the slowest in over two decades despite falling prices and decade-high inventory

SURREY, BC

Decade-high inventory and softer prices failed to spark buyer demand in the Fraser Valley in 2025. Despite favorable conditions and increased negotiating power, many buyers stayed on the sidelines, making it one of the slowest years for sales in decades.

The Fraser Valley Real Estate Board recorded 12,224 sales on its Multiple Listing Service® (MLS®) in 2025, a decline of 16 per cent over 2024 and 33 per cent below the 10-year average. The City of Surrey accounted for the majority of 2025 sales at 48 per cent, with Langley and Abbotsford accounting for 24 per cent and 16 per cent respectively.

On the supply side,…

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Can the US unilaterally exit from the Canada, US, Mexico Agreement?

Yes. Under the treaty text, any of the three parties, including the United States, may withdraw from the agreement on its own by providing written notice and waiting six months. The more complicated question is whether the U.S. president can do that under domestic U.S. law without Congress, which is unresolved and would likely be litigated.

What the treaty allows

Article 34.6 of the USMCA (CUSMA) states that a party may withdraw from this Agreement by providing written notice of withdrawal to the other Parties, and that the withdrawal takes effect six months after that notice.

The provision also specifies that if one country withdraws, the agreement remains in force among…

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