Surrey split in March 2026. Cloverdale's detached MLS® HPI benchmark rose 3.3% from February, while every North Surrey property type moved lower. Townhouses led with a 1.7% decline. Central Surrey barely moved. Those differences matter. The Fraser Valley Real Estate Board is FVREB. It does not publish one combined "Surrey" number. Source: FVREB Monthly Statistics Package, March 2026, published April 2, 2026 and accessed June 25, 2026. MLS® HPI benchmark prices represent the value of a typical home in the area, not a list price or sale price.
Four markets. One city.
FVREB reports Surrey through North Surrey, Central Surrey, Cloverdale, and South Surrey & White Rock. Combining those areas would create a number the board does not publish. This update keeps them separate. The table below uses FVREB's March 2026 Monthly Statistics Package. FVREB published it April 2, 2026. It was accessed June 25, 2026. MLS® HPI benchmark prices represent the value of a typical home in the area. They are not list prices. They are not sale prices.
| FVREB area | Apartment benchmark | Townhouse benchmark | Detached benchmark |
|---|---|---|---|
| North Surrey | $427,100 (-0.9% from February) | $686,000 (-1.7%) | $1,344,000 (-0.3%) |
| Central Surrey | $493,500 (-0.1% from February) | $773,100 (+0.8%) | $1,371,400 (-0.1%) |
| Cloverdale | $549,100 (+0.5% from February) | $778,400 (-0.1%) | $1,391,000 (+3.3%) |
| South Surrey & White Rock | $571,000 (+2.1% from February) | $868,400 (+0.6%) | $1,718,500 (-0.2%) |
Source for every benchmark and monthly change in the table: FVREB Monthly Statistics Package, March 2026, published April 2, 2026 and accessed June 25, 2026. MLS® HPI benchmark prices represent the value of a typical home in the area. They are not list prices and not sale prices.
The useful story is the split
One headline cannot cover four areas. North Surrey's apartment benchmark was $427,100. South Surrey & White Rock's apartment benchmark was $571,000, while townhouse benchmarks stretched from $686,000 to $868,400 across those same areas and detached benchmarks were closer in North Surrey, Central Surrey, and Cloverdale before stepping up in South Surrey & White Rock. March 2026 figures. FVREB published the package April 2, 2026. It was accessed June 25, 2026. Keep the metric straight. MLS® HPI benchmark prices represent the value of a typical home in the area, not a list price or sale price. No city average.
That spread beats a made-up city average. It gives buyers a board-defined starting point. They can compare areas. Sellers can see why one Surrey result should not be copied to another area. A benchmark does not price one home. Not by itself. Condition, age, renovation quality, lot, floor, view, parking, exposure, and strata history can pull a real sale away from the typical-home measure.
North Surrey moved lower
Only North Surrey had all three property-type benchmarks fall from February. Apartments moved down 0.9%. Townhouses moved down 1.7%, and detached homes 0.3%. Townhouses had the table's largest monthly decline. Source: FVREB Monthly Statistics Package, March 2026, published April 2, 2026 and accessed June 25, 2026. An MLS® HPI benchmark shows a typical-home value. It applies to its area. It is not a list price or sale price.
For Whalley (City Centre) condos, use this report's North Surrey apartment benchmark as the board comparison. Not an asking-price guide. Two units in the same building can differ. Maintenance and special levies count. So do floor height, layout, view, parking, storage, and tenancy. Read the strata documents. Then check sales in that building or its closest peers.
No shortcut.
Short version. Geography gets you to the right shelf. The property details set the price.
Central Surrey was nearly flat
Central Surrey's apartment and detached benchmarks each shifted by 0.1%. That was from February. The townhouse benchmark rose 0.8%. None of the three moved by more than 0.8%. Source: FVREB Monthly Statistics Package, March 2026, published April 2, 2026 and accessed June 25, 2026. MLS® HPI benchmark prices represent the value of a typical home in the area, not a list price or sale price.
A narrow signal.
Flat-looking data deserves a careful read. It does not mean every home matched last month's price. It does not predict competing offers. The board's area and property-type benchmark barely changed. Buyers comparing Fleetwood townhouses or Newton detached houses still need a property-level review. Review before offering.
The practical question is narrower. What did similar homes sell for nearby? Match condition and ownership costs. A monthly benchmark supplies context and cannot replace that comparison.
Cloverdale had the sharpest move
Cloverdale's detached benchmark rose 3.3% from February. It was the largest move in either direction among the 12 area-and-property-type rows in this table. The apartment benchmark rose 0.5%. The townhouse benchmark eased 0.1%. Source: FVREB Monthly Statistics Package, March 2026, published April 2, 2026 and accessed June 25, 2026. MLS® HPI benchmark prices represent the value of a typical home in the area, not a list price or sale price.
One month is a snapshot. It is not a forecast.
For buyers viewing Clayton Heights and Cloverdale townhouses, the March townhouse result was much quieter than the detached result. Detached sellers may find the 3.3% move encouraging. No automatic markup. The benchmark tracks a typical area home. A current comparative market analysis should use recent, genuinely comparable sales and competition available when the property is listed.
That is the limit.
South Surrey & White Rock was mixed
South Surrey & White Rock had the table's highest benchmarks for all three property types. The ranking was clear. Apartments rose 2.1% and townhouses 0.6% from February. Detached homes fell 0.2%. Source: FVREB Monthly Statistics Package, March 2026, published April 2, 2026 and accessed June 25, 2026. MLS® HPI benchmark prices represent the value of a typical home in the area, not a list price or sale price.
Different tracks.
That mixed result is a useful warning. One area is not one market. A buyer comparing South Surrey condos is looking at one property segment. Someone touring South Surrey detached houses is looking at another. Directions differed. Ownership questions differ. Strata financials and bylaws matter for an apartment. Detached homes put more weight on lot, systems, renovations, and land-use constraints.
Now make it practical.
How buyers can use the March numbers
Match FVREB area and property type. That separates the North Surrey apartment comparison. Do not mix in South Surrey & White Rock apartments. The benchmark is a reference point. It is not a target offer. Then compare nearby sales for that property. Check current competition.
- For an apartment or townhouse, check the strata plan, minutes, and depreciation report. Also check insurance, bylaws, and special levies. Read them first.
- Keep conditions that fit the property and your risk tolerance. Include financing, inspection, and document review when needed. Match them to your risk.
- Check municipal zoning and Agricultural Land Reserve status. Use the responsible government records when land use affects the purchase. Check before you offer.
- Ask for a neighbourhood comparison, not a Surrey-wide estimate FVREB does not publish.
What this post cannot tell you. It does not contain verified March 2026 sales counts, active listings, sales-to-active ratios, or days on market. Those claims stay out because this section uses the verified FVREB MLS® HPI benchmark series as its source.
How sellers can use the March numbers
Choose the matching area and property type. Then draw a conclusion. A Cloverdale detached benchmark cannot price a North Surrey townhouse in March 2026. The board data shows why. Source: FVREB Monthly Statistics Package, March 2026, published April 2, 2026 and accessed June 25, 2026. An MLS® HPI benchmark shows a typical-home value. It applies to its area. It is not a list price or sale price.
Context, not a crystal ball.
Move from the area to the property. Check recent comparable sales. Also check active listings, condition, presentation, timing, and accepted terms. The benchmark provides background. It promises no sale price. It does not predict what comes next.
Evaluating your home's value? Ask for the comparable properties behind the estimate. That makes the reasoning visible. It also exposes comparisons from the wrong housing type or side of Surrey.
Worth checking.
King George Boulevard BRT
The King George Boulevard BRT remains a corridor to watch, though it is still in design rather than in service. TransLink states a fully funded BRT project can be built and in service within about three years, and additional funding is still required (TransLink, Bus Rapid Transit Program, accessed July 23, 2026).
One clear limit.
That transport project update promises nothing about nearby property values. Corridor buyers and investors should confirm TransLink's latest project scope. They should also confirm funding status. Do that before relying on timing. Future access may shape a housing decision. No price forecast. Not from this.
Quick questions
Is there one March 2026 Surrey benchmark? No, FVREB publishes North Surrey, Central Surrey, Cloverdale, and South Surrey & White Rock separately. This post does not average them.
Which area had the biggest monthly move in this table? Cloverdale detached homes, up 3.3% from February. Source: FVREB Monthly Statistics Package, March 2026, published April 2, 2026 and accessed June 25, 2026. An MLS® HPI benchmark shows a typical-home value. It applies to its area. It is not a list price or sale price. That wording is deliberate.
Can a benchmark tell me what one home will sell for? No, it tracks the value of a typical home. The area and property type are defined. Use recent comparable sales. It also needs details about the home. Bring the property details.
For a property-level review in a Surrey neighbourhood. Contact AG. Song. Call (778) 952-9177. AG. Song is a REALTOR® with Pacific Evergreen Realty Ltd. and provides real estate guidance in English, Mandarin, and Cantonese. Use the March benchmarks for context. Match the correct area data. Then match it to the actual home.
Frequently Asked Questions
Does FVREB publish one Surrey benchmark for March 2026?
No. FVREB reports North Surrey, Central Surrey, Cloverdale, and South Surrey & White Rock separately. This post does not combine or average those four areas. Source: FVREB Monthly Statistics Package, March 2026, published April 2, 2026 and accessed June 25, 2026.
Which March 2026 apartment benchmark was lowest among the four published Surrey areas?
North Surrey had the lowest apartment benchmark in this four-area comparison at $427,100. Source: FVREB Monthly Statistics Package, March 2026, published April 2, 2026 and accessed June 25, 2026. MLS® HPI benchmark prices represent the value of a typical home in the area. They are not list prices and not sale prices.
Did every Surrey area move in the same direction in March 2026?
No. Cloverdale detached rose 3.3% from February, while North Surrey declined across apartments, townhouses, and detached homes. Central Surrey changed by no more than 0.8% in any of those three property types. Source: FVREB Monthly Statistics Package, March 2026, published April 2, 2026 and accessed June 25, 2026. MLS® HPI benchmark prices represent the value of a typical home in the area. They are not list prices and not sale prices.
Sources & references
- Fraser Valley Real Estate Board — Monthly Statistics Package, March 2026 — accessed 2026-06-25
- TransLink — Bus Rapid Transit Program — accessed 2026-07-23