Fraser Valley Housing Market Update — April 2026

The Fraser Valley housing market is showing its first signs of stabilization in nearly a year, with the composite benchmark price edging up 0.3 percent in March 2026 to $898,300 — a modest but meaningful shift after eleven consecutive months of declines, and a signal that the floor may finally be forming across the region’s cities.

Fraser Valley Overview — March 2026

The Fraser Valley Real Estate Board (FVREB) recorded 1,007 home sales on its MLS® in March 2026. That is a 20 percent increase from February, though still 3 percent below March 2025 and 42 percent below the ten-year seasonal average. The headline number understates the nuance: buyers are cautiously re-entering the market, but the pace of activity is well below what the region typically sees at the start of spring.

New listings rose to 3,341 in March — a 20 percent month-over-month increase — as more sellers positioned themselves ahead of the spring market. That additional supply pushed active listings to 9,201, up 10 percent from February and 50 percent above the ten-year seasonal average. The result is a market still firmly in buyer’s territory, with a sales-to-active listings ratio of just 11 percent. A balanced market sits between 12 and 20 percent.

Source: Fraser Valley Real Estate Board — Monthly Market Report, March 2026

“We’re encouraged to see early signs of prices levelling off in the Fraser Valley,” said Ishaq Ismail, Chair of the FVREB. “This market is presenting a rare window — with greater choice, improved affordability, and meaningful incentives, particularly in the condo segment — for buyers who are ready to make a move.”

Maple Ridge

Maple Ridge continues to offer one of the Fraser Valley’s most balanced combinations of space, community, and relative affordability. The city’s 2026 BC Assessment median for detached homes sits at $1,183,000 — meaningfully below Langley and Pitt Meadows — while the broader year-over-year correction has brought values down from the highs of 2024 and early 2025. Buyers looking at Maple Ridge in April 2026 are operating with more selection and more time than the market has offered in years.

Days on market in the Maple Ridge and Pitt Meadows area are tracking broadly in line with the regional Fraser Valley average — approximately 35 to 42 days for detached homes — reflecting the buyer-friendly conditions that have persisted since mid-2025. Inventory remains elevated, giving buyers realistic leverage in negotiations.

Albion and Silver Valley — the newer-build corridors on the east side of the city — tend to attract buyers seeking more recently constructed detached homes with modern floor plans. These neighbourhoods have seen steady activity from families relocating from more expensive Metro Vancouver communities, drawn by the relative value of larger lots and newer construction at prices below comparable product in Langley or Surrey. Hammond and the older sections of West Haney offer character homes at lower entry points, attracting buyers comfortable with renovation projects.

For sellers in Maple Ridge, realistic pricing remains essential. With active listings elevated across the region and buyers in no rush, properties priced to reflect current benchmark values — rather than 2024 peak expectations — are the ones generating activity.

Pitt Meadows

Pitt Meadows punched above its weight in March 2026, with approximately 23 detached home sales recorded — roughly double February’s pace — as spring buyers rediscovered this compact, community-oriented city. The detached benchmark for Pitt Meadows reached approximately $1,242,100 in March, a 4.0 percent month-over-month increase, though still down approximately 6.2 percent year-over-year on a composite basis.

That month-over-month jump stands out against a relatively flat broader region and suggests Pitt Meadows may be benefiting from buyers priced out of Langley and Burnaby who are willing to cross the Golden Ears Bridge for the right home at the right price. The city’s supply of larger lots — including rural acreages and dyke-adjacent properties in North Meadows and the rural Pitt Meadows areas — continues to attract buyers looking for the kind of land that simply does not exist at these prices in Metro Vancouver proper.

The townhome and condo segments in Central Pitt Meadows, particularly around Harris Road and Meadowlands Drive, have seen steady interest from downsizers and first-time buyers priced out of detached product. With the composite benchmark down over six percent year-over-year, the value proposition is real, and buyers who have been watching from the sidelines are beginning to act. Sellers should expect continued negotiation on price, but a genuine pool of motivated buyers exists at the right number.

Langley

Langley carries the highest detached benchmark of the four cities in this report, with the FVREB placing the Township’s detached benchmark near $1,520,000 as of March 2026 — a slight month-over-month improvement but still down meaningfully from a year ago. The Township and City of Langley together form one of the Fraser Valley’s most active real estate markets, and March’s modest price uptick aligns with the broader regional stabilization story.

Willoughby remains the dominant driver of sales volume in the Township. This high-density mixed-use corridor continues to attract buyers seeking newer townhomes and condos in a walkable, amenity-rich environment. New builds in Willoughby that were listed aggressively in 2024 are now being negotiated to prices more reflective of current conditions. Buyers who held off in 2024 and early 2025 are finding they can access product in this neighbourhood that simply was not available to them during the peak cycle.

Fort Langley and Murrayville represent a different end of the spectrum — established, character-rich neighbourhoods with older housing stock and strong demand from buyers seeking community feel over new construction. These sub-markets tend to be more resilient in slower conditions because supply is genuinely constrained; a well-priced detached home in Fort Langley still moves faster than the regional average would suggest. Brookswood, primarily a septic-served community, continues to attract buyers who prioritize lot size and quieter suburban character. As the region-wide correction moderates, Langley’s diversity of product types positions it well for a measured spring recovery.

Mission

Mission is the affordability anchor of this report. The detached benchmark sits at approximately $955,200 as of March 2026, making it the only city in this group where a typical detached home remains below the seven-figure mark. For buyers stretched by the persistent gap between what they can qualify for and what they can buy in Surrey or Langley, Mission’s numbers translate directly into more home for the money — and sellers in the city are aware that demand from value-conscious buyers is real.

Townhomes in Mission have shown particular resilience, with benchmarks holding near $650,000 — a price point that continues to attract first-time buyers and downsizers who want manageable living costs without sacrificing space. While Mission’s market, like the rest of the Valley, is operating well below long-term average sales volumes, the city’s affordability premium is drawing the most interest from buyers who have exhausted their search closer to the TransLink network.

Cedar Valley, Mission’s primary growth area for newer detached and townhome product, continues to attract families looking for modern builds at a price that pencils out. Mission City Centre offers older detached homes with larger lots at prices that consistently surprise buyers coming from Abbotsford or Langley. For buyers willing to look at well and septic properties — common in Mission’s rural areas including Hatzic and Steelhead — the value per square foot of land is unlike anything available closer to Vancouver. Sellers in Mission should expect 35 to 45 days on market under current conditions, with competitive pricing driving the outcomes.

What This Means for You

The March 2026 data marks a turning point — not a reversal, but a stabilization. After eleven months of continuous price declines, the Fraser Valley’s first month-over-month benchmark increase is significant. It does not signal a return to 2022-level competition, but it does indicate that the floor is forming and that waiting longer may not produce meaningfully lower prices.

For buyers: The window of maximum leverage is narrowing. Inventory remains elevated — 9,201 active listings across the Fraser Valley is genuinely exceptional choice — and sellers are still negotiating. Detached homes are sitting on market for an average of 39 days, which means you have time to do thorough due diligence, get proper inspections, and make informed offers. That dynamic is rare in this region and will not last indefinitely as spring activity builds. If you are financially ready, the combination of price stability, high inventory, and motivated sellers is as buyer-friendly as this market has been in years.

For sellers: The market is rewarding sellers who price accurately from the first day of listing. Overpriced homes are sitting — sometimes for months — while accurately priced homes are generating activity within the first two weeks. With a sales-to-active ratio of 11 percent, buyers have alternatives, and they will walk away from a home that feels overpriced. A realistic pricing strategy based on current benchmarks, not 2024 peak values, is the single most effective tool a seller has in this environment.

For homeowners not planning to sell: The stabilization signal in March’s data suggests that significant further price deterioration is unlikely. If you have been delaying renovation or maintenance decisions on the assumption that values would fall further, the March data suggests this may be a reasonable time to move forward with planned improvements.

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Data current as of April 2026, based on the Fraser Valley Real Estate Board Monthly Market Report for March 2026. Regional benchmark prices apply to the FVREB coverage area. City-specific figures are approximations based on current market activity and may vary from official sub-area reports. For property-specific advice, consult a local REALTOR®.

Published by the HomeServicesMatcher editorial team. HomeServicesMatcher connects Fraser Valley homeowners with vetted contractors and real estate services across Maple Ridge, Pitt Meadows, Langley, and Mission, BC. Market data sourced from the Fraser Valley Real Estate Board Monthly Market Report (March 2026). BC Assessment median values sourced from January 2026 BC Assessment notices. This post is for informational purposes only and does not constitute real estate advice.