The Fraser Valley market in September 2026 gave buyers more choice and sellers a clear message: price it right. The benchmark home price was $861,300, down 7.2% from a year earlier. Sales totalled 922 for the month, while active listings reached 9,763 — 31% above the 10-year seasonal average. Single-family homes benchmarked around $1.3 million, roughly $460,000 below the March 2022 peak.

Rates moved too: on October 28, 2026, the Bank of Canada raised its policy rate to 2.50%, and the big banks moved prime to 4.70% effective October 29. If you have a variable-rate mortgage or a renewal coming up, talk to your mortgage professional about what the change means for you.

What this means in Surrey: buyers have negotiating room they did not have two years ago, and sellers who price to the current market — not last year's — are the ones selling. For a straight answer on your home or your buying plan, call or text The Mehtas Real Estate Group at 778.237.2732.