April 2026 Market Update

Its always good to be on top of what is happening in the marketplace. Market Updates only tell us what “happened” – not what is “happening” in real time.

A couple weeks ago I wrote about real-time signals in the market that demonstrate a potential shift may be occurring. Todays Market Update provides support for what I was seeing.

The Fraser Valley marketplace (specifically Abbotsford & Surrey) is experiencing a flattening and gradual shift from declining prices and sales for the past several months (or years in some instances). This is happening in most Fraser Valley cities, with the exception of Mission which continued the month-over-month price decrease and an -11.2% HPI price reduction year-over-year overall on detached homes.

The winds are starting to shift and buyers are transacting and sellers are showing willingness to price/negotiate for the realities of the current market.

An important point – sales are still down 5.9% compared to same timeframe last year, with the beginning of 2026 being particularly slow.

So, will the shift continue? That is THE great question. With so many moving variables – economy questions, trade discussions, rate movements, government announcements – it appears that any fragile market shift is very susceptible to being impacted by any changes. An interesting note, both the BC Real Estate Association and CREA have reduced their sales predictions for 2026. Time will tell if they were right.

More than ever the answer to the question of “should I buy or sell now?” is, you should buy or sell when it is right FOR YOU.

If you are unsure and need a sounding board (with a professional perspective), reach out.

Inside today’s newsletter:

• Market snapshot
• Mortgage Minute – Guiding Star Mortgage Group
• How do Mortgage Rates compare to a year ago?
• Featured Listings – something different – read on for how this could benefit someone you know

MARKET SNAPSHOT

Compared to last year, April 2026 experienced a higher number of sales in the Fraser Valley (1045 transactions for a 7.7% increase).

However, there were fewer new listings brought to the market compared to last year – 3176 for a decrease of -8.2%. Across the Fraser Valley there is a total inventory of 8086 listings – which is 10.9% below the same timeframe last year.

So what does this all mean? More sales and less inventory over a sustained period will tighten up the market and make the market more competitive if the current pace continues. This could lead to longer term challenges as a tightening market will have price pressures.

Here are the market snapshots for Abbotsford, Mission & Surrey where I mainly focus.

YOU’RE UNIQUE. YOUR MORTGAGE SHOULD BE UNIQUE TOO. 

Not every situation has a solution, but more often than not, it does.

One of my mortgage partners is seeing more clients with complex or unique situations. In a recent discussion they noted, “whether it’s restructuring, alternative lending, or simply approaching the file differently, there is often more opportunity than initially meets the eye”.

Some of the unique client situations they have been seeing:

• Have bruised or limited credit
• Earn non-traditional income (e.g. self-employed, overseas income)
• Sit outside standard debt ratio guidelines
• Have limited down payment options
• Are new to Canada with minimal credit history
• Are navigating major life changes like career shifts, separation, or loss

These are real scenarios. And they warrant real solutions.

If you have a mortgage renewal or a unique situation, reach out. I can happily connect you with a mortgage partner that matches your needs and more importantly, answers the phone.

Good information and support is priceless.

HOW DO MORTGAGE RATES COMPARE TO A YEAR AGO?

The rate environment hasn’t changed nearly as much as people think. Take a look at the below chart:

Yes, there has been some movement, but overall, rates remain relatively stable.

FEATURED LISTINGS AND BONUS FOR YOU!

Check out these two rental units and bonus for you!

This is a unique opportunity to save some money on rent AND you get something too. Send this listing to someone that is looking to rent a unit and they’ll save when they mention it/you.

If they rent either unit, they will receive a $25/month rent reduction. AND bonus: You will earn $100!

• 9940 151 Street, Surrey: 2 bedroom 2 bathroom unit, approx. 930 square feet. $2475/month

• 32733 Broadway E Street, Abbotsford: 1 bedroom, 1 bathroom unit PLUS den, approx. 620 square feet. $1465/month (Note: includes heat & Hydro)

* $100 referral bonus paid on successful selection as a tenant. Application including credit, employment and reference checks required. To be paid by Visa or Mastercard gift card within 15 days of starting a one-year tenancy

* $25/month rent reduction to be deducted from posted rental rate. 1-year lease is required.

* Contact me for full details

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