Fraser Valley house prices fall 6.4% in October 2026

Fraser Valley benchmark prices closed October 2026 at CAD 860,000, 6.4% below a year earlier; detached homes fell 8.5% and sales reached 1,051.

The facts

The Fraser Valley Real Estate Board registered 1,051 home sales in October 2026, down 6.4% from the 1,123 of October 2025 and up 14.0% on September.
The composite MLS HPI benchmark price ended the month at CAD 860,000, -6.4% against October 2025 and -0.1% against September.
Detached houses fell furthest, to CAD 1,293,800, down 8.5% on the year; apartments reached CAD 460,800, down 8.1%; townhouses CAD 742,300, down 5.5%.
New listings came to 2,551, down 14.0% on the year, and active inventory to 9,164, down 9.5%.
The sales-to-active-listings ratio stood at 11%. The board places a balanced market between 12% and 20%.
Average days to sell were 50 for detached houses, 44 for condominiums and 37 for townhouses.

Entry is cheaper than a year ago across every type. A detached house costs 8.5% less than in October 2025.
Access matters more than price here. Glopra data records foreign purchase banned in Canada until 2027, and total transaction costs of about 10.6% of the price.
Resale works against the seller. An 11% sales-to-active ratio sits below the board's own 12% to 20% balance range, and every benchmark fell again month on month.
For an owner already holding, the 8.5% annual fall in detached values is a mark-down on the exit price, not a paper figure.

Whether the 14.0% monthly rise in sales is seasonal or the start of a turn. The November package, due in early December, carries the answer.
Canada's ban on foreign purchases runs to 2027. Any change to it resets who can enter this market at all.
The board's prose rounds several figures; the table values quoted here are the ones to compare against next month.

Sources: Fraser Valley Real Estate Board https://www.fvreb.bc.ca/statistics/Package202610.pdf