Fraser Valley Home Sales Rebound While Greater Vancouver Continues to Dip

Editor's Comment

The headline split makes sense when you look at who can actually transact right now. In Greater Vancouver, overall sales are still well below the 10‑year norm, and the weakness is concentrated in condos and townhomes—segments that are more rate-sensitive and where buyers have plenty of choice. The standout is detached: a 14% sales lift alongside an 8.3% benchmark price drop suggests well-capitalized buyers are treating the single-family segment as “better value” than it was a year ago, especially in established neighbourhoods. Fraser Valley’s rebound in sales (+7% YoY) reads more like affordability-driven demand than a broad-based upswing, and it’s happening in the face of a major inventory overhang. With active listings at 9,800 and a sales-to-active ratio at 11% (below the typical balanced range), buyers still hold leverage—so any price firmness is likely to be patchy and conditional on sharp pricing. For sellers across both regions, the playbook is straightforward: price to the market on day one and present impeccably, because standing inventory is giving buyers alternatives and negotiation power. For buyers, detached in core Metro Vancouver may offer the clearest “reset” opportunity, while Fraser Valley offers relative affordability—but with enough supply that patience and strong due diligence should be rewarded.