The short version: both the Fraser Valley and Metro Vancouver stayed in buyer-friendly territory in September 2026. Benchmark prices slipped again month over month, inventory is well above its 10-year average in both regions, and sales are below last year's pace. All figures below come from the Fraser Valley Real Estate Board (FVREB) and Greater Vancouver Realtors (GVR) September 2026 reports.
Fraser Valley: September 2026 at a Glance
- Detached benchmark: $1,300,000 — down 1.5% from August and 8.8% from September 2025, and $460,000 below its March 2022 peak.
- Townhome benchmark: $745,300 — down 0.7% from August and 6.2% year over year.
- Apartment/condo benchmark: $461,800 — down 0.9% from August and 9.3% year over year.
- Sales: 922 homes sold on the MLS®, down 4% year over year.
- New listings: 2,818, up 19% from August and down 18% from a year earlier.
- Active listings: 9,763 — 31% above the 10-year seasonal average.
- Average days on market: 45 for detached homes, 38 for townhomes, and 46 for condos.
The board described the Fraser Valley as having spent most of the last two years in a buyer's market, with no change in September. With 922 sales against 9,763 active listings, the sales-to-active ratio works out to roughly 9%, below the 12–20% range the board treats as balanced.
Fraser Valley Benchmarks by City
| Area | Detached | Townhome | Apartment |
|---|---|---|---|
| Surrey | $1,386,200 | $758,600 | $447,600 |
| North Delta | $1,159,600 | $845,600 | $479,000 |
| White Rock | $1,542,600 | $720,800 | $543,200 |
| Langley | $1,471,100 | $802,600 | $525,900 |
| Abbotsford | $1,087,000 | $592,600 | $370,200 |
| Mission | $889,200 | $621,700 | $411,500 |
Metro Vancouver: September 2026 at a Glance
- Composite benchmark (all home types): $1,075,900 — down 0.6% from August and 5.5% year over year.
- Detached benchmark: $1,784,700 — down 0.8% from August and 7.3% year over year.
- Townhome benchmark: $1,016,700 — down 1.2% from August and 4.7% year over year.
- Apartment benchmark: $682,500 — down 0.5% from August and 6.2% year over year.
- Sales: 1,717, down 8.4% from September 2025.
- Active listings: 16,394 — 24.3% above the 10-year seasonal average.
- Sales-to-active ratio: 10.9%. GVR notes that sustained ratios below 12% have historically been associated with downward pressure on prices.
Metro Vancouver Benchmarks by Area
| Area | Composite | Detached | Townhome | Apartment |
|---|---|---|---|---|
| Vancouver West | $1,206,600 | $2,916,100 | $1,298,500 | $761,800 |
| Vancouver East | $1,120,200 | $1,630,500 | $980,400 | $634,800 |
| Burnaby South | $972,800 | $1,894,600 | $942,100 | $723,000 |
| Burnaby North | $877,100 | $1,808,500 | $880,400 | $662,400 |
| Coquitlam | $971,700 | $1,584,400 | $976,600 | $640,100 |
| Richmond | $1,015,800 | $1,871,100 | $1,025,000 | $635,600 |
| North Vancouver | $1,290,400 | $2,042,000 | $1,230,400 | $769,000 |
| New Westminster | $719,600 | $1,356,900 | $854,200 | $579,900 |
| Ladner | $1,033,700 | $1,284,100 | $919,800 | $586,400 |
| Tsawwassen | $1,113,100 | $1,508,500 | $886,000 | $556,000 |
What This Means If You're Buying
With inventory well above average in both regions and prices still easing, buyers have more selection and more room to negotiate on price and conditions than they've had in years. That doesn't mean every property is discounted — well-priced homes in popular areas still sell — but it does mean there's less pressure to waive subjects or rush a decision.
What This Means If You're Selling
Price against what has actually sold recently, not against last year's numbers or the list prices of homes that are still sitting. In a market where buyers have options, a realistic price plus strong presentation and marketing is what gets a listing noticed in its first few weeks.
Benchmarks describe a typical home in each area; your street, building, and property type can differ meaningfully. Manan can pull recent comparable sales for the specific home you're buying or selling.
Sources: Fraser Valley Real Estate Board September 2026 market report and municipal market report; Greater Vancouver Realtors September 2026 MLS® statistics package.