{"id":28449,"date":"2026-09-09T10:10:24","date_gmt":"2026-09-09T17:10:24","guid":{"rendered":"https:\/\/www.roryc.ca\/blog\/?p=28449"},"modified":"2026-09-09T11:41:03","modified_gmt":"2026-09-09T18:41:03","slug":"metro-vancouver-fraser-valley-housing-markets-firmly-in-buyers-market-territory-heading-into-fall","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2026\/09\/metro-vancouver-fraser-valley-housing-markets-firmly-in-buyers-market-territory-heading-into-fall\/","title":{"rendered":"Metro Vancouver &#038; Fraser Valley Housing Markets Firmly in Buyer\u2019s-Market Territory Heading Into Fall"},"content":{"rendered":"<p style=\"text-align: justify;\">Metro Vancouver\u2019s housing market is heading into the fall with sales still sluggish, prices trending lower and buyers gaining more choice as inventory remains elevated.<\/p>\n<p style=\"text-align: justify;\">The Greater Vancouver Realtors recorded 1,869 residential sales in August, down 4.6% from August 2025 and 20.7% below the region\u2019s 10-year seasonal average.<\/p>\n<p style=\"text-align: justify;\">The results capped a summer that underperformed last year, with sales lagging the Greater Vancouver Realtors\u2019 expectations since May.<\/p>\n<p style=\"text-align: justify;\"><strong>Inventory Stays Elevated<\/strong><\/p>\n<p style=\"text-align: justify;\">There were 15,798 properties listed for sale in Metro Vancouver at the end of August, down 2.7% from a year earlier, but 26.2% above the 10-year seasonal average.<\/p>\n<p style=\"text-align: justify;\">New listings were also lower than last year, with 4,100 properties coming onto the market in August, a 3% decline from August 2025 and 1.3% below the 10-year average.<\/p>\n<p style=\"text-align: justify;\">The combination of slower sales and above-average inventory is giving buyers more time to weigh their options.<\/p>\n<p style=\"text-align: justify;\"><strong>Prices Continue to Soften<\/strong><\/p>\n<p style=\"text-align: justify;\">Metro Vancouver\u2019s composite benchmark price was $1,081,900 in August, down 5.6% from a year earlier and 0.6% from July.<\/p>\n<p style=\"text-align: justify;\">Greater Vancouver Realtors chief economist Andrew Lis said the latest figures support the organization\u2019s recent downward revision to its 2026 forecast.<\/p>\n<p style=\"text-align: justify;\">\u201cSales have lagged our January forecast,\u201d Lis said.<\/p>\n<p style=\"text-align: justify;\">Lis pointed to slower immigration, reduced investor demand and mortgage rates that remain too high to encourage stronger buying activity.<\/p>\n<p style=\"text-align: justify;\"><strong>Fraser Valley Sees A Similar Trend<\/strong><\/p>\n<p style=\"text-align: justify;\">The cooling trend continues east into the Fraser Valley, where August sales fell sharply from July despite posting a small year-over-year gain.<\/p>\n<p style=\"text-align: justify;\">The Fraser Valley Real Estate Board recorded 941 sales in August, down 14% from July but one per cent higher than August 2025.<\/p>\n<p style=\"text-align: justify;\">It was only the second annual increase in monthly sales in the region since the beginning of 2025.<\/p>\n<p style=\"text-align: justify;\"><strong>Buyers Have More Leverage<\/strong><\/p>\n<p style=\"text-align: justify;\">The Fraser Valley had 9,787 active listings at the end of August, down three per cent from July but still 33% above the 10-year seasonal average.<\/p>\n<p style=\"text-align: justify;\">The region remains firmly in a buyer\u2019s market, with a sales-to-active-listings ratio of 10%. A balanced market is typically defined by a ratio between 12% and 20%.<\/p>\n<p style=\"text-align: justify;\">New listings also fell, with 2,373 properties coming onto the market in August \u2014 down 16% from July and 15% from August 2025.<\/p>\n<p style=\"text-align: justify;\">\u201cWe\u2019re seeing a bit of a tug-of-war between buyers and sellers,\u201d Fraser Valley Real Estate Board (FVREB) chair Ishaq Ismail said.<\/p>\n<p style=\"text-align: justify;\"><strong>Prices Remain Under Pressure<\/strong><\/p>\n<p style=\"text-align: justify;\">The Fraser Valley\u2019s composite benchmark price fell 0.9% in August to $869,900, down 7% from a year earlier.<\/p>\n<p style=\"text-align: justify;\">Detached homes were down 8.4% year over year to $1,319,600, while townhomes fell 7.1% to $750,600. Apartment prices declined 8.9% to $466,100.<\/p>\n<p style=\"text-align: justify;\">Homes are also taking time to sell. Detached homes and condos averaged 45 days on the market in August, while townhomes averaged 37 days.<\/p>\n<p style=\"text-align: justify;\">With sales remaining below historical norms in Metro Vancouver and the Fraser Valley firmly in buyer\u2019s-market territory, the late-summer data point to a fall market where buyers have more choice and sellers may need to adjust their expectations.<\/p>\n<p><a href=\"https:\/\/realestatemagazine.ca\/metro-vancouver-fraser-valley-housing-markets-favour-buyers-heading-into-fall\/\" target=\"_blank\" rel=\"noopener\">Metro Vancouver, Fraser Valley Housing Markets Favour Buyers Heading Into Fall<\/a> by REM Real Estate Magazine<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Metro Vancouver\u2019s housing market is heading into the fall with sales still sluggish, prices trending lower and buyers gaining more choice as inventory remains elevated. The Greater Vancouver Realtors recorded &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2026\/09\/metro-vancouver-fraser-valley-housing-markets-firmly-in-buyers-market-territory-heading-into-fall\/\">read more<\/a>]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8,13],"tags":[],"class_list":["post-28449","post","type-post","status-publish","format-standard","hentry","category-market-updates","category-real-estate"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Metro Vancouver &amp; Fraser Valley Housing Markets Firmly in Buyer\u2019s-Market Territory Heading Into Fall &#8226; Rory C Real Estate | Oakwyn Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.roryc.ca\/blog\/2026\/09\/metro-vancouver-fraser-valley-housing-markets-firmly-in-buyers-market-territory-heading-into-fall\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Metro Vancouver &amp; Fraser Valley Housing Markets Firmly in Buyer\u2019s-Market Territory Heading Into Fall &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"Metro Vancouver\u2019s housing market is heading into the fall with sales still sluggish, prices trending lower and buyers gaining more choice as inventory remains elevated. The Greater Vancouver Realtors recorded &hellip; [read more]\" \/>\n<meta name=\"twitter:creator\" content=\"@RoryClipsham\" \/>\n<meta name=\"twitter:site\" content=\"@RoryClipsham\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Rory Clipsham\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2026\\\/09\\\/metro-vancouver-fraser-valley-housing-markets-firmly-in-buyers-market-territory-heading-into-fall\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2026\\\/09\\\/metro-vancouver-fraser-valley-housing-markets-firmly-in-buyers-market-territory-heading-into-fall\\\/\"},\"author\":{\"name\":\"Rory Clipsham\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\"},\"headline\":\"Metro Vancouver &#038; 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