As your trusted advocate in the Fraser Valley real estate market, I hear this question almost daily: "Where is the market headed in late 2025?" Whether you're a first-time buyer in Surrey, a growing family in Langley looking to upsize, or a homeowner in Abbotsford considering a move, the uncertainty around timing can feel overwhelming.
After 15 years serving our communities as a firefighter and now helping families navigate their real estate journeys, I've learned that markets—like emergency calls—rarely unfold exactly as predicted. But what I can offer you is clarity on the current landscape and practical guidance based on real data from our local Fraser Valley market.
The truth is, no one can perfectly time the market. What we can do is understand the indicators, prepare for different scenarios, and make decisions based on your family's needs rather than speculation. Let me walk you through what's happening right now and what it means for your housing goals.
🏠 Where We Stand Today: A Market in Transition
The latest July numbers from the Fraser Valley Real Estate Board paint a clear picture: market conditions are ideal for home buyers this summer. With 10,650 active listings—nearly 50% above our 10-year seasonal average—buyers have exceptional choice and negotiating power that we haven't seen in years.
Here's what the numbers tell us: July saw 1,190 sales, remaining relatively stable from June but sitting 23% below our 10-year average. What's significant isn't just the volume, but what it represents—a persistent gap between what buyers are willing to pay and what sellers hope to receive.
As Tore Jacobsen, Chair of the Fraser Valley Real Estate Board, recently noted: "Home sellers are having to work harder than they did a year or two ago. In a market where buyers are cautious and have ample choice, successful sellers are going the extra mile to meet buyers where they're at—staging their home, handling repairs up front, and most importantly, pricing their homes realistically for the current market conditions."
The Fraser Valley remains firmly in buyer's market territory with a sales-to-active listings ratio of just 11%—well below the 12-20% range considered balanced. For context, homes are taking an average of 38 days to sell for both detached houses and condos, while townhomes are moving in 35 days. These timeframes give buyers the opportunity to make thoughtful decisions without the pressure we saw during the frenzy years.
💰 The Interest Rate Reality: Still Challenging, But Improving
Let's talk about the elephant in the room—interest rates. Despite the cuts that began in 2024, borrowing costs remain a significant factor in affordability calculations for many families. The rates that cooled our market so dramatically are still impacting how much home buyers can qualify for.
But here's where optimism enters the picture: economists are forecasting continued rate relief that could push borrowing costs below 3% by the end of 2025. While that's still higher than the ultra-low rates of the pandemic era, it represents meaningful improvement for buyer purchasing power. Every quarter-point drop opens doors for more families to enter the market or consider upsizing.
As someone who's helped families navigate both hot and cool markets, I always remind my clients that rates are just one piece of the puzzle. Your job security, down payment, and long-term housing needs matter just as much as the interest rate environment.
⚖️ Two Sides of the Same Coin: Reasons for Hope and Caution
The Optimistic View
The fundamentals supporting a market recovery remain solid. Population growth continues across the Fraser Valley—families are still choosing our communities for their quality of life, schools, and relative affordability compared to Vancouver. Income growth is supporting demand, and the CMHC projects that existing-home sales should rebound as rate cuts expand borrowing power.
From a supply perspective, we're not building enough new homes to meet long-term demand, particularly detached family homes. This supply constraint should provide price support as buyer confidence returns.
The Cautious Perspective
However, economic headwinds are real and affecting our market right now. As Baldev Gill, CEO of the Fraser Valley Real Estate Board, recently explained: "The housing market, like other sectors, continues to process the effects of the ongoing tariff threats. The slowdown in home sales this spring and summer has largely been driven by uncertainty and fear."
These tariff concerns, combined with broader economic uncertainty, could trigger forced sales and dampen market demand. The composite benchmark price in the Fraser Valley decreased 0.7% in July to $944,800, reflecting this cautious sentiment.
Additionally, affordability pressures mean that BC's housing recovery may lag behind other provinces, even with rate cuts. The reality is that many families are still priced out of homeownership, which limits the pool of potential buyers.
💬 What the Community Is Saying
In my conversations with clients and online community discussions, I'm hearing a mix of cautious optimism and "wait-and-see" attitudes. Many people are hoping rate cuts will lift the market, while others worry about broader economic challenges.
The most common sentiment I encounter? "Wait and see"—the idea that opposing market forces might balance each other out, resulting in continued price stability.
But here's my perspective as your local expert: while it's natural to want certainty, the best real estate decisions are based on your personal financial readiness and housing needs, not on trying to perfectly time market movements.
Practical Guidance for Buyers and Sellers
If You're Buying
Start with your financial foundation. Get pre-approved, understand your true budget, and work with a trusted advocate who knows the local market nuances. If rates ease and inventory remains high—which seems likely—you're looking at genuine opportunity.
The renovation insights I've gained over the years tell me this is an excellent time to find properties with potential. Sellers are more motivated to negotiate, and you have time to properly inspect and plan improvements without the pressure of competing offers.
If You're Selling
The July statistics reinforce what successful sellers already know: realistic pricing and patience are your best allies. With buyers having such abundant choice—remember, we have 50% more inventory than normal—your pricing strategy needs to be competitive from day one.
The most successful sellers I'm working with are taking the FVREB Chair's advice to heart: they're staging their homes, handling repairs upfront, and pricing realistically for current market conditions. These properties are still selling, often within that 35-38 day average we're seeing across property types.
Don't despair if your home doesn't sell immediately. The current pace gives serious buyers time to properly evaluate properties, which often leads to more committed purchasers when offers do come in.
For Everyone
Keep monitoring the big-picture trends—rate decisions, economic indicators, and policy changes—but don't let them paralyze your decision-making. Work with professionals who can help you navigate localized conditions and adapt your strategy as circumstances evolve.
Your Next Steps: Making Informed Decisions
My advice as your community-focused real estate advocate is straightforward:
Monitor rate decisions closely—every cut can shift buyer sentiment and create new opportunities or challenges.
Use real data, not emotions—I track the monthly FVREB statistics religiously, including inventory levels, sales trends, and days on market, to help clients make informed timing decisions. The July numbers showing 11% sales-to-active listings ratio tell us we're still firmly in buyer's market territory.
Plan for flexibility—whether you're buying or selling, have contingency plans for different market scenarios. The families I've helped most successfully are those who remained adaptable while staying focused on their long-term goals.
As the FVREB CEO noted, the effects of current economic uncertainties will take time to fully realize throughout our system. This means staying informed and working with professionals who understand both the macro trends and hyper-local conditions in Surrey, Langley, Abbotsford, and beyond.
The Bottom Line: When Personal Readiness Meets Market Reality
The late 2025 Fraser Valley housing market is being shaped by powerful but uncertain forces—interest rate trajectories, economic health, and supply dynamics that even experts struggle to predict with precision.
Current forecasts suggest cautious optimism, but it's balanced by real risks. What I can tell you with confidence, based on years of serving this community both as a firefighter and as a realtor, is that the best timing for your real estate move is when your personal and financial circumstances align—not when the market "feels right."
Whether you're a first-time buyer in Surrey, a family looking to upsize in Langley, or considering a move in Abbotsford or Chilliwack, my commitment is to provide you with the local expertise, renovation insights, and dedicated support you need to make confident decisions.
The market will do what the market will do. Our job is to be prepared, stay informed, and act when the opportunity aligns with your family's needs and goals.
Ready to explore what these market conditions mean for your specific situation? Let's have a conversation about your housing dreams and create a tailored strategy that works for you, regardless of what the broader market brings.
Evan Bird has been serving Fraser Valley families for over a decade, combining his experience as a local firefighter with deep renovation expertise to help clients navigate their real estate journeys. His First Responder Program provides additional support to those who serve our communities. Contact Evan for personalized guidance on buying or selling in Surrey, Langley, Abbotsford, Chilliwack, and throughout the Fraser Valley.