The Fraser Valley housing market in 12 charts — August, 2024

After a June in which home prices seemed to be dipping thanks to increased supply, the following month saw that momentum halt.

For our ongoing (and evolving) monthly look at the Fraser Valley’s housing market, we’ve compiled a dozen different custom charts to give readers a sense of prices in four different communities and three different home types.

This feature is a recurring segment in The Current, but the charts are still a work in progress, so let us know what other data you might like to see.

If you want the raw data you can find it here: Fraser Valley Real Estate Board | Chilliwack and District Real Estate Board.

Benchmark prices for typical homes

The “benchmark price” reflects the going rate for a “typical” detached house, townhome, or apartment, as defined by each real estate board. This is an attempt to create an apples-to-apples price comparison. You can see how the Chilliwack real estate board describes its benchmark detached house here.

In Langley and Abbotsford, prices for single-family homes have continued to dip, but multi-family units have bounced back a bit. Townhome prices in Chilliwack have now declined considerably for two straight months, even as apartment prices head in the opposite direction.

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