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.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.