The Fraser Valley housing market closed out 2025 on a subdued note, marking one of the slowest sales years in over two decades. Despite easing prices and inventory levels not seen in ten years, many buyers remained on the sidelines, leading to a market that felt more like a “strategic pause” than a typical winter slowdown.

Across the Fraser Valley, the Real Estate Board recorded just 12,224 sales in 2025—a 16.1% decline from 2024. However, a sharp seasonal pullback in new listings (down 39% month-over-month in December) helped nudge the market into balanced territory to close the year.

“The slowdown we saw in 2025 wasn’t just about housing — it reflected broader economic uncertainty felt across the region,” said Baldev Gill, CEO of the Fraser Valley Real Estate Board. “Households were navigating affordability challenges and rising costs, all contributing to a quieter market.”

Local Spotlight: Mission & Abbotsford

While the broader region felt the chill, our local communities of Abbotsford and Mission showed unique pockets of resilience to end the year:

In Mission:

  • Detached sales were a major highlight in December, jumping 40% compared to December 2024.
  • Townhouses saw a strong performance over the full year; while sales volume was down, the median price for the year actually rose 9.1% compared to 2022 levels.
  • Apartment values remained a bright spot, with the median price for December rising 17.3% year-over-year to $568,500.
Mission stats package for December

Mission stats package for December

In Abbotsford:

  • Abbotsford remains a regional powerhouse, with detached sales in December up 12.2% year-over-year.
  • Townhouses proved popular, with new listings for the year jumping 23.8% as more sellers entered the market.
  • Benchmark Prices for December sat at $1,199,100 for detached homes and $634,600 for townhouses, offering competitive entry points compared to the regional average.
Abbotsford statistic package for december

Abbotsford statistic package for december

📉 MLS® Home Price Index – December 2025

The composite Benchmark price for the Fraser Valley continued to slide for the ninth straight month, ending at $905,900.

  • Single Family Detached: At $1,388,400, the benchmark price for the board decreased 1.2% from November and 6.2% from last year.

  • Townhomes: At $781,300, the benchmark price saw a slight 0.3% increase from November, though it remains down 5.7% year-over-year.

  • Apartments: At $491,600, the benchmark price decreased 1% month-over-month and 7.5% annually.

đź’ˇ Looking Ahead to 2026: The BC & National Outlook

The 2025 market was defined by a “recalibration” across Canada, largely due to trade uncertainty and persistent affordability hurdles. However, experts suggest that the “bottom” may be behind us, with a gradual recovery projected for 2026.

  1. Sales Rebound: National home sales are forecast to rise 5.1% in 2026, with BC and Ontario expected to lead the recovery with gains of more than 8%.
  2. Interest Rate Stability: The Bank of Canada is expected to remain largely on the sidelines in early 2026, with the policy rate currently at 2.25%, which many experts believe is the “bottom” of the current cycle.
  3. Buyer Opportunity: With inventory at decade-highs and prices having softened, the 2026 spring market offers a rare window of negotiating power for buyers before demand begins to ramp up.

Ready to turn these 2025 stats into your 2026 success story? Let’s discuss your local market strategy and how to navigate these balanced conditions. Contact me today to get started!