Surrey in September 2026
Surrey (combined North Surrey, Central Surrey, Cloverdale, and South Surrey, excluding White Rock) recorded 387 total home sales in September 2026 (6.5% below September 2025) across all property types — 166 detached, 126 townhouse, and 95 apartment sales. Detached sales rose 7.1% year over year while apartment sales fell 22.8%. Benchmark prices eased across every category: detached to $1,386,200 (down 1.5% on the month and 8.3% on the year), townhouses to $758,600 (down 0.8% and 6.6%), and apartments to $447,600 (down 0.7% and 10.0%).
Fraser Valley board-wide context: Across the entire Fraser Valley board area (which includes Surrey, Langley, White Rock, Abbotsford, Mission, and other communities), the composite benchmark price was $861,300 in September 2026, down 1.0% month over month and 7.2% year over year. Total board-wide sales were 922, down 2.0% from August and 4.2% from a year earlier. New listings rose to 2,818 (up 18.8% from August, down 18.2% year over year), while active listings stood at 9,763 — 31% above the 10-year seasonal average. The board-wide sales-to-active-listings ratio was 9.4%, placing the overall market in buyer’s territory (a balanced market is defined as 12–20%). Homes took an average of 45 days to sell for detached, 38 days for townhomes and 46 days for condos, board-wide.
Source: Fraser Valley Real Estate Board (FVREB), Fraser Valley Housing Market Statistics, September 2026 news release, published October 5, 2026.
Benchmark Prices — City of Surrey Combined
All three property categories in Surrey declined year over year, with apartments seeing the steepest benchmark drop at 10.0%. The benchmark price reflects a typical property and is less distorted by high-end sales than a simple average.
| Property Type | Benchmark (HPI) | MoM | YoY | Sales (September) |
|---|---|---|---|---|
| Detached | $1,386,200 | ▼ 1.5% | ▼ 8.3% | 166 |
| Townhouse / Attached | $758,600 | ▼ 0.8% | ▼ 6.6% | 126 |
| Apartment / Condo | $447,600 | ▼ 0.7% | ▼ 10.0% | 95 |
Source: Fraser Valley Real Estate Board (FVREB), Fraser Valley Housing Market Statistics, September 2026 (“City of Surrey – Combined”: North Surrey, Central Surrey, Cloverdale, South Surrey; excludes White Rock, which FVREB reports separately).
September 2026 Sales by Property Type
Source: Fraser Valley Real Estate Board (FVREB), Fraser Valley Housing Market Statistics, September 2026. Active listings and months-of-supply figures for the combined City of Surrey are not published by FVREB — see the Fraser Valley board-wide figures in the Market Overview section above for broader supply context.
What's Driving the Market
Buyer sentiment: FVREB Interim CEO Anthony Boone said, “Buyers have been waiting for months for greater economic certainty. But a succession of economic shocks have conspired to weigh on consumer confidence, keeping many buyers on the sidelines. Despite lower prices and more choice, buyers remain cautious, and that is being reflected in the pace of sales.” That dynamic is visible across Surrey’s three property segments, all of which posted year-over-year benchmark declines in September.
Affordability improving: FVREB Chair Ishaq Ismail said, “Prices continue to soften, with some areas of the Fraser Valley seeing more significant declines. The Benchmark price for a single-family home is now $460,000 below its March 2022 peak. For buyers who are in a position to act, this represents a significant shift in affordability.” Lower benchmark prices combined with the Bank of Canada’s overnight rate holding at 2.25% have improved qualification math for many Surrey buyers. The mortgage stress test still requires qualifying at the greater of the contract rate + 2% or 5.25% — see our 2026 OSFI stress test guide for how this affects borrowing power.
Supply: Board-wide active listings sat 31% above the 10-year seasonal average in September, giving Surrey buyers more selection and negotiating room than in recent years.
Key Terms
Surrey Rents — July 2026
Surrey renters paid an average of $1,794/month for a one-bedroom unit and $2,239/month for a two-bedroom unit in July 2026. Wondering whether renting or buying makes more sense at current prices? Try our rent vs. buy calculator.
Source: Rentals.ca National Rent Report (with Urbanation), published August 6–7, 2026. View full Canadian rent report →