Eastern Fraser Valley real estate sales continue to slump, prices barely moving
Average selling price around $750,000 in the Chilliwack district similar to a year ago while sales numbers are down 26 per cent
It’s almost like the basic laws of economics don’t apply to the housing market in the Eastern Fraser Valley.
Home prices across the board have incrementally increased over the last many year and it seems as if no amount of sinking demand leads to a decrease in those prices.
Of course, Chilliwack’s population is increasing rapidly and all things being relative, it’s still a lot cheaper out here than all parts west.
The average price of a home sold in the Chilliwack and District Real Estate Board (CADREB) area in March 2026 was $746,907. That’s down just 0.9 per cent year over year while the 171 sales last month was down 26 per cent.
Compare that to the Fraser Valley Real Estate Board where the average selling price last month was $967,114 on 944 sales, down 6.3 per cent and four per cent respectively.
The average MLS residential price across the province in March 2026 was down two per cent at $939,846 compared to $959,236 in March 2025.
• The Fraser Valley Real Estate Board covers from Surrey and White Rock to Abbotsford and Mission and everywhere in between.
• The Greater Vancouver Real Estate Board covers from Whistler to Maple Ridge to Tsawwassen and everywhere in between.
Given the state of the world, flagging sales numbers shouldn’t be too surprising.
“Global conflict leading to rising mortgage rates paired with a sluggish economy are presenting a challenge for a housing market recovery,” according to BCREA chief economist Brendon Ogmundson in a news release.
Ogmundson does offer up the requisite glimmer of hope on the horizon.
“Improved affordability and pent-up demand should translate to an acceleration of activity, though the market will need a period of relative calm for households to build confidence.”
Prices across the Lower Mainland, however, are not dropping by much to get towards that affordability.
The average selling price in the Greater Vancouver Real Estate Board in March was $1.2 million, down three per cent with sales of 2,032 down 2.5 per cent.
Year-to-date, B.C residential sales dollar volume is down 13 per cent to $12.7 billion, compared with the same period in 2025. Residential unit sales are down 11 per cent year-over-year at 13,595 units, while the average residential price is also down 2.2 per cent to $933,859.
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Paul J. Henderson
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