Greater Vancouver & Fraser Valley Market Trends

What This Page Will Cover

Where Our Data Comes From

Every number on the city-level market snapshots is traceable to a primary source — a real estate board, an industry association, or a government agency. We do not generate or estimate market statistics internally. When the boards publish a new monthly report, the relevant city pages are updated and the source URL plus access date are listed in that page’s citations block.

How to Read the Reports — Quick Glossary

Real estate board reports use a handful of recurring metrics. If you are reading a market update for the first time, these are the terms worth knowing. Definitions follow the MLS® Home Price Index methodology used by FVREB and REBGV.

Benchmark price (HPI)

The MLS® Home Price Index benchmark represents the price of a typical home in a given area. Unlike average or median sale prices, the benchmark is adjusted for property characteristics so month-to-month changes reflect market movement, not a different mix of homes selling. It is the standard published by REBGV and FVREB in their monthly statistics packages.

Sales-to-active ratio

The number of sales in a month divided by the number of active listings, expressed as a percentage. The Real Estate Board of Greater Vancouver describes a ratio above ~20% as upward pressure on prices (seller's market), 12–20% as balanced, and under ~12% as downward pressure (buyer's market). It is the single most useful number for reading market direction.

Months of inventory

Active listings divided by the number of homes selling per month — how long it would take to sell every active listing at the current pace. Low numbers favour sellers; high numbers favour buyers.

Days on market

Median or average number of days a sold property spent listed before the accepted offer. Faster days-on-market generally indicates stronger demand or sharper pricing.

New listings vs. active listings

New listings count what came onto the market in the month. Active listings count everything available at month-end. Comparing the two shows whether inventory is building up or being absorbed.

Methodology Notes

Market figures referenced on city pages are dated. Each market snapshot includes a dataAsOf date and a direct link to the source report on the publishing board’s website. When a newer monthly package is released, the snapshot is refreshed and the access date updated.

Boundaries follow each board’s own definition. FVREB benchmarks for “Surrey” cover the Surrey sub-area as defined by the Fraser Valley board’s MLS® zones, which differs slightly from City of Surrey municipal boundaries. The same applies to REBGV’s definitions of Vancouver West vs. Vancouver East and similar splits.

For neighbourhood-level data finer than what the boards publish, a custom market analysis is the most reliable approach. AG. Song can pull MLS® comparable sales for a specific street, complex, or building on request.