October 2026 Market Statistics

Despite a seasonal increase in monthly sales, the Fraser Valley housing market continues to contend with subdued demand, ample supply and cautious buyers, with little change in the balance between buyers and sellers.

The Fraser Valley Real Estate Board recorded 1,051 sales on its Multiple Listing Service® (MLS®) in October, a 14 per cent increase from September but six per cent below sales from the same month last year.  

“Detached homes continued to lead sales activity in October, significantly outpacing both townhomes and apartments,” said Ishaq Ismail, Chair of the Fraser Valley Real Estate Board. “This is a trend we’ve been watching in recent months, and improving affordability in the detached segment may be helping sustain that demand. The substantial price correction appears to be bringing detached homes within reach for more buyers.”

Inventory declined in October, in keeping with typical seasonal patterns. A total of 2,551 new listings came to market, down 10 per cent from September. Overall inventory also softened, falling six per cent monthover-month and 10 per cent from October 2025 to 9,164 active listings.

The Fraser Valley remains in a buyer’s market with a sales-to-active listings ratio of 11 per cent. A balanced market is typically defined by a ratio between 12 and 20 per cent.

The composite Benchmark price for a typical Fraser Valley home dipped 0.1 per cent in October to $860,000, down 6.4 per cent year-over-year.

“Much of the pandemic-era price growth in the Fraser Valley has been erased,” said Rock Lefebvre, CEO of the Fraser Valley Real Estate Board. “That brings affordability to its best level in five years, creating a welcome opportunity for buyers. However, with interest rates recently moving higher and the possibility of further increases, buyers will need to consider how borrowing costs factor into their purchasing decisions.” (Source: 'Home sales rise in October, but Fraser Valley buyer's market shows little sign of shifting' - Fraser Valley Real Estate Board)

Home sales and new listings registered on the MLS® in Metro Vancouver* fell roughly ten per cent relative to October last year, respectively.

The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 2,024 in October 2026, a 10.2 per cent decrease from the 2,255 sales recorded in October 2025. This was 22.5 per cent below the 10-year seasonal average (2,612).

“October came with a few suspenseful distractions for buyers and sellers alike, with a somewhat surprising Bank of Canada rate hike and a snap provincial election among them,” said Andrew Lis, GVR chief economist and vice-president data analytics. “Between the onslaught of news coverage of the provincial and municipal elections, and the uncertainty surrounding where mortgage rates may be headed, it’s not entirely surprising that market participants took a step back in October to recalibrate.”

There were 4,805 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in October 2026. This represents a 11.6 per cent decrease compared to the 5,438 properties listed in October 2025. This was 1 per cent above the 10-year seasonal average (4,758).

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 15,688, a 4.3 per cent decrease compared to October 2025 (16,393). This is 24 per cent above the 10-year seasonal average (12,649).

Across all detached, attached and apartment property types, the sales-to-active listings ratio for October 2026 is 13.4 per cent. By property type, the ratio is 11.6 per cent for detached homes, 16.5 per cent for attached, and 13.5 per cent for apartments.

Analysis of the historical data suggests downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.

“With one quarter-point rate hike now behind us, and financial markets pricing in a slight chance of another quarter-point hike in December, it’s possible some buyers may step in to take advantage of rate holds that will soon be expiring,” Lis said. “Still, it’s a difficult quandary for buyers who’ve watched prices edge lower throughout the year, only to see those affordability gains eroded by higher borrowing costs. Like much of 2026, it’s a continued pattern of one step forward, one step back in nearly all aspects impacting the housing market. Whether we finish 2026 stepping forward rather than back, remains the defining question that will set the tone for the New Year.” (Source: 'Buyers and sellers step back in October' - Greater Vancouver REALTORS®)

The Association region recorded 1,079 residential sales in October, down from 1,141 units sold in September and down 15.2% compared to the same time last year.

New residential listings saw a 9.8% decrease compared to October 2025 with 1,986 new listings recorded last month, down from the previous month’s 2,289 new listings. The total number of active listings saw a 5.1% decrease in inventory compared to the same time last year with 8,479 recorded across the Association region and down compared to September’s 9,185 total inventory.

“While no real estate market is immune to the natural ebbs and flows of economic conditions, the Interior continues to demonstrate a level of stability that is encouraging when compared to some other markets across the province,” says Association of Interior REALTORS® President Ryan Mayne, adding that “we’re certainly not back to normalized activity levels, and things are moving more slowly than they were earlier in the year, but given the broader economic challenges, the market is holding a fairly steady course.” (Source: 'Local Residential Real Estate Market Shows Relative Stability Despite Softer Activity' - Association of Interior REALTORS®)

 The Vancouver Island Real Estate Board (VIREB) recorded 582 unit sales (all property types) in October 2026, down nine per cent from one year ago. Year-over-year active listings (all property types) were 4,173, up nine per cent from the previous year.

In the single-family category (excluding acreage and waterfront), 298 homes sold in October 2026, a decrease of four per cent from one year ago and up seven per cent from last month. Sales of condo apartments in October came in at 56, down 19 per cent from last year and up two per cent from September. In the row/townhouse category, 49 units changed hands in October, a drop of 38 per cent from one year ago and down two per cent from September.

Active listings of single-family homes were 1,319 in October, up from 1,224 one year ago. VIREB’s inventory of condo apartments was 353 last month, dropping from the 362 properties listed in October 2025. There were 317 row/townhouses for sale last month compared to 319 the previous year.

“There’s still interest in the market, but there’s also a noticeable sense of caution among consumers right now,” said Jason Yochim, VIREB Chief Executive Officer.

Yochim noted that buyers have plenty of options in many Vancouver Island communities and are taking their time before making a decision. However, he added that October brought a modest increase in sales activity, a sign that buyers remain engaged despite ongoing economic uncertainty.

“People don’t appear to be rushing into major financial decisions,” said Yochim. “Buyers are doing their homework, comparing what’s available, and waiting until they feel comfortable making a move. At the same time, well-priced properties continue to attract interest, which shows there are buyers in the market when the value is there.”

Yochim added that no matter the market conditions, a local REALTOR® brings on-the-ground knowledge of their community, which can help clients make informed decisions when buying or selling a home. (Source: 'Buyers proceed carefully admid market uncertainty' - VIREB)