Fraser Valley Real Estate Market Update – August 2025

Late Summer Brings Stability and Strategy to the Fraser Valley Market

August 2025 marks a subtle shift in the Fraser Valley real estate market as summer begins to wind down. While buyer activity remains strong, especially in family-friendly neighbourhoods, we're also seeing sellers take a more strategic approach to pricing and presentation.

With whispers of an upcoming interest rate cut, many buyers are locking in now before potential fall competition. Here’s a detailed breakdown of what’s happening this month in Surrey, Langley, Abbotsford, Chilliwack, and beyond.

🏘️ Market Snapshot – August 2025 Highlights

The Fraser Valley Real Estate Board (FVREB) reports:

• Sales volume is flat month-over-month, typical for August
• Inventory has stabilized with a slight increase in listings
• Balanced market conditions in most cities, leaning toward sellers in Surrey and Langley
• Detached homes and entry-level townhomes remain most in demand

📊 Fraser Valley Home Prices – August 2025

Prices are steady with minor variations across municipalities. Homes priced right continue to sell within 2–3 weeks.

💰 Interest Rate Update – Anticipation Grows

The Bank of Canada held rates steady again this month, but there’s increased speculation of a rate cut in early fall. This has prompted some urgency among buyers with pre-approvals and rate holds expiring soon.

• Fixed mortgage rates remain around 5.4%–5.6%
• Variable rates are gaining interest again as potential cuts loom
• First-time buyers and investors are watching closely
  
  

📈 Seller Strategy: Pricing is Everything

With more listings coming online and buyers becoming more cautious, sellers must remain competitive:

• List with recent comparables in mind — not Spring 2022 prices
• Invest in home staging and professional marketing
• Be prepared for conditional offers — especially on condos and older homes
  📦 Bonus Tip: Homes with in-law suites, home offices, or updated outdoor space are seeing faster offers.

🔍 Buyer Tips for August

This month is a good time to make a move before fall competition picks up. Focus on:

• Langley (Willoughby, Murrayville) for townhomes under $850K
• Abbotsford & Mission for detached homes under $1M
• South Surrey for newer condos with rental potential
  
  

Many sellers are motivated to close before the school year or before renewing fall mortgages — giving buyers room to negotiate.

Looking Ahead to September 2025

Expect a busier market as we head into the fall. If rates do drop, expect more competition in the $700K–$1.1M range across all product types. The August-early September window might be your last opportunity to buy or sell with relative calm.

Let’s Plan Your Move Before Fall Arrives

Whether you’re upsizing, downsizing, or getting into the market for the first time, our team offers expert advice and tailored strategies to help you succeed in today’s evolving Fraser Valley real estate market.

📞 Reach out for a free home valuation or buyer strategy session. We’re here to help.