09/04/2026
Let me give you the real numbers β no spin. π
Metro Vancouver composite benchmark: $1,081,900 β down 5.6% from last year.
Fraser Valley composite benchmark: $869,900 β down 7% from last year.
Sales in Metro Vancouver: 1,869 β down 4.6% year over year and 20.7% below the 10-year average.
Fraser Valley new listings: down 15% year over year.
Less inventory coming in. Less sales going out. Prices drifting lower. β οΈ
Here is the part that should make buyers pay attention.
GVR's own chief economist said this directly:
*"Lots of selection, softening prices, and stable mortgage rates are normally considered favourable buying conditions."*
And then added β they still are not bringing buyers off the sidelines. π
So what is actually keeping buyers away?
Three things according to the experts:
β Immigration slowdown reducing demand
β Investors sitting out entirely
β Mortgage rates still not low enough to pull the trigger
And the FVREB chair described what is happening on the ground right now:
*"Some buyers are seeing an opportunity to negotiate below asking price β while sellers who need to sell are more likely to accept lower offers."*
That is the definition of a buyer's market. π
Prices down 7% from last year in the Fraser Valley.
Sellers negotiating.
Competition almost nonexistent.
And buyers still waiting for something to feel better.
Here is the honest truth.
The conditions that exist right now β selection, softening prices, motivated sellers β do not announce when they are leaving.
They just quietly disappear when confidence returns.
And when that happens β this window closes. π
π 778.707.0020 | View Fraser Valley Real Estate Group