Fraser Valley home sales drop 16 per cent in 2025 amid economic uncertainty: board
AI Article Summary
In 2025, home sales in the Fraser Valley fell by 16%, with buyers hesitant due to economic uncertainty and increased inventory. Sales were notably low, with Surrey, Langley, and Abbotsford seeing the bulk. Despite an increase in listings, rising costs and tariff pressures contributed to a subdued market. First-time buyers are encouraged to enter the market as prices continue to fall.
What This Means for Canadian Contractors
For Canadian builders, this means a likely slowdown in residential construction demand, which could impact project timelines and funding availability. Builders may experience longer wait times for permit approvals with slower sales activity. Additionally, increased inventory suggests that contractors should be prepared for pricing pressures and may need to consider prefabrication to reduce costs.
