The Spring Market Looks Different in Abbotsford

IF I HAD A CRYSTAL BALL…

I wish I had a crystal ball that could forecast where the real estate market is headed over the next few months. Unfortunately, one doesn’t exist. BUT we do have the ability to read the signals.

This is not wishful thinking but rather I’m looking at specific data-points to develop a picture of what is happening in the market.

Now here is where it gets tricky. Headlines will declare that the real estate industry is in a terrible state… and in some cases that is true. But this is where it is so important to understand the specific neighbourhood statistics and information in order to know how to approach that market.

Time will tell, but here are some of the key factors in Abbotsford that makes me think the market is picking up or at the very least, flattening out from its years long decline:

• Fixed Mortgage Rates: Rising bond yields have pushed fixed mortgage rates up, with 5-year fixed rates increasing to around 3.89%-3.94% in March 2026. Here is a great article that explains how the bond market affects fixed mortgage rates. This could influence pre-approved participants to take action at their locked-in interest rate. Alternatively, it could influence those sitting on the fence to lock-in a pre-approval to leverage current rates before they potentially increase.

• The number of sales have increased compared to the same timeframe last year – headlines may state that sales are falling but the nuance (lately nuance is my favourite word) is that specific areas and property types are seeing shifts. Here is a chart showing Abbotsford sales in March 2024, 2025 and 2026. Sales are lower than 2024 BUT increased over 2025 – and by double-digits in the case of apartments and townhomes.

Abbotsford sales comparison

• Home prices: I reported last month that after 11 straight monthly price declines, March 2026 was the first month to break that trend and post a small price increase. You can see the change in the chart below. Each category of housing in Abbotsford had a small month-over-month increase (except townhomes).

• Real-time data: Greater Vancouver is currently experiencing a higher number of sales compared to April 2025. Currently, 15% higher sales transactions have been reported in the first two weeks of April compared to same timeframe last year.

With the signals pointing to some type of gradual recovery or stabilization in the real estate market there are still numerous headwinds. A challenged Canadian economy, concerns about the unemployment rate, CUSMA negotiations, world conflict – all will have untold impacts on the local market.

With that said, the local spring market appears to be off to a healthier start than in 2025. This is inline with forecasts from Greater Vancouver Realtors and the Canadian Real Estate Association.

The real estate market is far more complex than high-level headlines declaring the market is hot or cool. I believe 100% the best time to make a move is when it makes sense for your particular situation. If you’re curious what is happening in your part of the Fraser Valley (e.g. Abbotsford, Mission, Surrey in particular) let me know.

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1 – The Fraser Valley Real Estate Board consists of the communities of Abbotsford, Langley, Mission, North Delta, Surrey and White Rock