“Canada’s housing market is shifting toward balance, as easing prices, rising listings and renewed rate cuts improve affordability across most regions,” said Phil Soper, president and CEO, Royal LePage. “For the first time in years, buyers – especially in previously supply-strapped markets – have real choice and negotiating power. With confidence returning and further rate reductions expected into early 2026, we anticipate noticeably stronger activity by the spring.” read the full article here.

Here are the Highlights from the FVREB: 

• Sales Up: February saw a 13% increase in home sales from January, though still 26% below last year. 

• More Inventory: Active listings remain 45% higher than Feb 2024, giving buyers more choices. 

• Buyer’s Market: The sales-to-active listings ratio at 11% favours buyers. 

• Prices Softening: The benchmark price dipped 0.2% overall, with townhomes & condos seeing the biggest declines. 

• Homes Selling Faster: Average days on market dropped across all property types compared to January. 

  With more options, time, and negotiating power, buyers are taking charge!

  Read the full Fraser Valley Real Estate Boards Market update here. Contact me if you’re interested in how the market is doing in your specific neighbourhood.