Real Estate Blog for Buyers & Sellers

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October Market Update

November 10, 2022 | Posted by: Michele Cummins


Housing prices remain soft, sales flat, throughout
the Fraser Valley
  • Fraser Valley housing market sales for October remained relatively unchanged from last
  • month as prices dipped slightly across all categories.




  • The Board received 2,186 new listings in October, a decrease of 3.8% compared to September,
  • and on par with October 2021. The month ended with a total active inventory of 5,642,
  • a decrease of 2.8% from last month but up 63.7% compared to October 2021.
  • President of the Fraser Valley Real Estate Board Sandra Benz says 'These trends suggest that the
  • market is looking to re-establish equilibrium in the wake of last year’s intense activity and in the
  • face of continued interest rate pressures,'


  • Prices continued to soften, with month-over-month Benchmark prices down slightly across all
  • property categories. For detached homes, prices are on par with October 2021 levels, while townhomes
  • and apartments are up 7.7% and 11.5%, respectively, over 2021.


● Single Family Detached: At $1,436,400, the Benchmark price for an FVREB
single-family detached home decreased 1.8 per cent compared to September 2022
and decreased 0.8 per cent compared to October 2021.

● Townhomes: At $809,800, the Benchmark price for an FVREB townhome decreased
1.5 per cent compared to September 2022 and increased 7.7 per cent
compared to October 2021.
● Apartments: At $527,900 the Benchmark price for an FVREB apartment/condo decreased
0.5 per cent compared to September 2022 and increased 11.5 per cent
compared to October 2021.

Take a look at the full Stats pack from the FVREB for the
month of December HERE


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