Latest Real Estate Updates & Open Houses

By Jas Kandola, Medallion Club REALTOR® with Macdonald Realty | Last updated July 14, 2026

As of June 2026, the Fraser Valley benchmark price is $884,800 — down 7.1% year-over-year and 0.9% month-over-month, and now 26% below the 2022 peak. That single number blends three very different markets: detached houses, townhomes, and apartments, each moving at its own pace last month. Here's the $884,800 figure broken down by property type and city, with what it actually means if you're buying or selling.

What a "Benchmark Price" Actually Measures

A benchmark price isn't a simple average of what sold — it's the Home Price Index (HPI) value of a "typical" home with consistent features in a given area, which makes it more stable and comparable month-to-month than a raw average that can swing based on which homes happened to sell. When the Fraser Valley Real Estate Board (FVREB) reports $884,800, that's the price of a representative home across all property types region-wide — not any specific house.

The $884,800 Benchmark, Broken Down by Property Type

Apartments are seeing the steepest year-over-year decline of the three property types — a pattern showing up across the Fraser Valley, not just in one city. Detached homes remain the largest driver of the blended $884,800 figure simply because of their higher price point.

How Long Homes Are Sitting on the Market

• Detached: 37 days on the market on average.

• Townhome: 33 days on market on average.

• Condo/apartment: 38 days on the market on average.

• Active listings: 10,377 region-wide (+2.3% month-over-month, -4.3% year-over-year).

• June 2026 sales: 1,147 (+2% month-over-month, -4% year-over-year). More listings plus roughly a month to sell points to a market with real negotiating room for buyers — a meaningful shift from the multiple-offer conditions of a few years ago.

More listings plus roughly a month to sell points to a market with real negotiating room for buyers — a meaningful shift from the multiple-offer conditions of a few years ago.

Note on methodology: Surrey's figure here is a simple average price (not the HPI benchmark), so it isn't a like-for-like comparison with the Fraser Valley and Langley benchmark figures above — but it's useful context for the price range buyers are seeing. For a full breakdown of Langley pricing by property type, see our Langley market guide.

What's Driving the Pullback in 2026

"The Fraser Valley spring market has under-performed expectations despite improving affordability and more choice for buyers," said Ishaq Ismail, chair of the FVREB. "Opportunities are clearly there. The question is whether qualified buyers on the sidelines recognize the value available today."

Rising inventory (10,377 active listings), softer prices across every property type, and buyers who remain cautious despite improved affordability are the three forces behind the current $884,800 benchmark. Fraser Valley home prices are now close to flat over the last o five years, though still well above levels from a decade ago.

What This Means If You're Buying

More inventory, longer average days on market, and prices down across every property type add up to real negotiating leverage that wasn't available during the 2021-2022 peak. If you're weighing whether to buy now or wait, the honest answer depends on your specific budget, timeline, and target area — explore the buying process to see how Jas can help you find and negotiate the right property.

What This Means If You're Selling

A softer market doesn't mean homes aren't selling — 1,147 sales closed in June alone, up 2% from May. It means pricing accuracy and presentation matter more than they did in a seller's market. Start with a free home evaluation to see where your property fits against current benchmark data before you list.

Frequently Asked Questions

The Bottom Line

$884,800 is the headline, but the real story is in the breakdown: detached, townhome, and apartment prices are all falling at different rates, inventory is rising, and homes are taking about a month to sell. Whether that favours you as a buyer or seller depends on the property type and area you're focused on — Jas Kandola, as a Real Estate Agent In Surrey, tracks these numbers month by month across Surrey, Langley, Delta, and Cloverdale to help you time your move around real data, not headlines.

Sources: Fraser Valley Real Estate Board (FVREB) June 2026 Monthly Market Report (fvreb.bc.ca); Daily Hive, "Metro Vancouver / Fraser Valley home sales statistics, June 2026"; CREA statistics (creastats.crea.ca/board/fras); Langley Advance Times, "Prices continue decline but buyers scarce for Langley homes," July 3, 2026; WOWA.ca Surrey housing market data

By Jas Kandola, Medallion Club REALTOR® with Macdonald Realty | Last updated July 10, 2026

Search “best realtor in Surrey,” and you'll get dozens of names. The ones worth trusting share three things: verified local expertise, a track record you can check, and clients willing to put their name behind a review. Jas Kandola is a Medallion Club REALTOR® with Macdonald Realty, ranked in the top 10% of Fraser Valley agents for 18+ consecutive years, with a client history of smooth, well-negotiated sales across Surrey, Langley, Delta, and Cloverdale.

What Actually Makes a Realtor “The Best” in Surrey

“Best” shouldn't be a marketing adjective — it should be a checklist you can verify. Here's the criteria that matter, and how Jas Kandola measures up on each one.

• Local market expertise: years of transactions specifically in Surrey and the surrounding Fraser Valley, not a generic service-area claim.

• Verified awards and standing: recognized industry credentials, not self-reported “top agent” claims.

• Client results and reviews: a public record of testimonials and third-party ratings that anyone can check.

• Data-driven pricing strategy: pricing and negotiation backed by current MLS® board data, not guesswork.

• Communication and availability: responsiveness and transparency throughout the transaction, not just at signing.

How Jas Kandola Meets Each Criterion

Real Client Results, Not Just Claims

Anyone can call themselves the best realtor in Surrey. What separates a claim from a track record is what past clients say after closing:

• “Jas's professionalism, clear communication, and deep market knowledge made everything feel seamless … At the end of your journey with Jas, you'll realize he's not just your realtor; he's become part of your family.” — Prasad Family

• “Jas took the time to understand my preferences and needs, guiding me to the ideal condo in a challenging market … If you're looking for a realtor who is not only skilled and hardworking but also deeply committed to your success, I wholeheartedly recommend Jas.” — Joshi Family

• “Jas is open and honest and fully discloses information to you … He doesn't sugarcoat things or speak realtor jargon … Jas will work hard to get you the best price, and he isn't afraid to push back or push for more.” — Graves Family

Areas Served

Jas works across the Fraser Valley, with concentrated expertise in four communities:

• Surrey — home base and the market Jas tracks most closely, block by block.

• Langley — including the Fraser Highway / SkyTrain corridor.

• Delta — Ladner, Tsawwassen, and North Delta.

• Cloverdale — including the Clayton neighbourhood.

Frequently Asked Questions

1. Who is the best realtor in Surrey?

   The best realtor in Surrey is one whose expertise, awards, and client results can all be independently verified. Jas Kandola is a Medallion Club REALTOR® with Macdonald Realty, ranked in the top 10% of Fraser Valley agents for 18+ consecutive years, with a public track record of client testimonials and a Rate My Agent Top Rated badge.

2. What awards has Jas Kandola won?

   Jas is a Medallion Club Member for 2024 and 2025, placing him among the top 10% of REALTORS® in the Fraser Valley. In his first year in the industry, he won Macdonald Realty's Rookie of the Year Award.

3. How many years of experience does Jas Kandola have?

   Jas has over 18 years of experience in sales, with a focus on residential real estate across Surrey, Langley, Delta, and Cloverdale.

4. What areas does Jas Kandola serve?

   Jas primarily serves Surrey, Langley, Delta, and Cloverdale, with experience across the broader Fraser Valley real estate market.

5. How do I contact Jas Kandola for a free consultation?

   Call or text 778-680-4533, email info@jaskandola.ca, or request a free home evaluation directly on jaskandola.ca.

Sources: jaskandola.ca/about.html; jaskandola.ca/testimonials.html; Rate-My-Agent.com Jas Kandola profile; Macdonald Realty Medallion Club records (2024–2026); Fraser Valley Real Estate Board (FVREB) June 2026 Monthly Market Report.

By Jas Kandola, Medallion Club REALTOR® with Macdonald Realty | Last updated July 9, 2026

As a Surrey REALTOR® who works with buyers and sellers throughout the Fraser Valley, I’ve been watching how major infrastructure projects influence buyer decisions, neighbourhood demand, and long-term property planning. The Surrey-Langley SkyTrain is no longer a rendering on a government website, it's eight active construction sites strung along Fraser Highway, and the closer it gets to opening, the more it starts showing up in what buyers are willing to pay for a home nearby. Here's exactly where the $5.996 billion project stands in mid-2026, which stretches of the corridor are best positioned right now, and what that means whether you're buying, selling, or just watching your own property's value from the sidelines.

Where Construction Actually Stands in 2026

Major construction on the Surrey-Langley SkyTrain began in late 2024, extending the Expo Line roughly 16 kilometres from King George Station to Langley City Centre. The province has committed $5.996 billion to the project, covering both the elevated guideway and investments in surrounding active transportation infrastructure. As of mid-2026, the numbers tell a project that's well past the planning stage:

• Guideway construction: Foundation work is nearly 90% complete, roughly 75% of guideway columns are built, and all four launching gantries are actively placing elevated guideway segments ,with more than a quarter of the full 16-kilometre guideway now installed.

• Stations: All eight stations are under active construction. Station foundation work is complete at six of the eight stations; foundation work continues at 152 Street Station, with work just getting underway at Willowbrook Station. Above-ground station structures are already visible at Fleetwood and Green Timbers.

• Utilities: The 16-kilometre underground duct bank that will carry the SkyTrain's power lines is more than 75% complete.

• Track: Rail installation began in the last week of April 2026 — about 18 months after major construction started.

• Opening: The extension is expected to enter service in late 2029.

The Eight Stations, Fraser Highway West to East

Why Transit-Adjacent Value Gains Usually Start Years Before Opening Day. This isn't a new pattern for Metro Vancouver. Both the Canada Line and the Evergreen Extension saw buyer and investor interest build steadily in the years before service began, as the realistic prospect of a station within walking distance became easier to price into a purchase decision. The mechanism is simple: once a project reaches the stage the Surrey-Langley SkyTrain is at now , stations under visible construction, a fixed opening date, and a government-committed budget — the remaining uncertainty drops sharply, and that certainty is what buyers and investors are willing to pay a premium for well ahead of the ribbon-cutting.

None of this guarantees a specific dollar amount or percentage gain for any individual property, and Fraser Highway is currently working through the same softer, buyer-favourable pricing affecting the rest of the Fraser Valley (more on that below). But the direction of the historical pattern is well established, and 2026 — with rail now going in the ground — is a materially different moment than 2023, when this was still a project on paper.

Which Stretches of the Corridor Are Best Positioned Right Now

Not every station area is at the same stage, which matters if you're timing a purchase. Green Timbers and Fleetwood are furthest along, with station structures already visible above ground — these areas have the most tangible, easiest-to-see proof of progress for a buyer walking the neighbourhood today. The 152 Street corridor sits between Green Timbers and Fleetwood and benefits from proximity to both. At the west end, Willowbrook and Langley City Centre anchor the Langley side of the line, an area also covered in more depth in our Langley market guide. Clayton, at the Cloverdale end, is the connection point most relevant to buyers specifically targeting that community.

What This Means If You're Buying Along the Corridor

Right now, Fraser Highway buyers get a combination that doesn't last forever: a broader Fraser Valley buyer's market (more negotiating room, more inventory to choose from) layered on top of a transit project that's visibly, verifiably under construction rather than merely proposed. That combination , softer near-term pricing plus a fixed, funded transit timeline ,  is exactly the kind of window that tends to close as a project gets closer to completion. Looking to buy home before the SkyTrain opens? I can help you compare neighbourhoods, pricing trends, and properties that may benefit from future transit connectivity.

What This Means If You Already Own a Home Along the Corridor

If you own along Fraser Highway, the question isn't whether the SkyTrain will eventually affect your home's value — it's whether you're better off selling into today's market or holding through to closer to the 2029 opening. That decision depends on your own timeline, your property's specific distance to a station, and current conditions in your particular price bracket, not on the project alone. The right starting point is finding out what your home is worth today, so you're deciding from real numbers rather than assumptions. Curious how much your Fraser Highway property could be worth today? A professional market evaluation can help you understand your options before the market changes closer to 2029.

Thinking about buying or selling near the Surrey-Langley SkyTrain corridor?

As a Medallion Club REALTOR® serving Surrey and the Fraser Valley, Jas Kandola can help you understand how neighbourhood growth, transit improvements, and current market conditions may impact your real estate decisions.

Whether you’re looking for a home near future SkyTrain stations or want to know how your property value may be affected, get a personalized market assessment and local advice before making your next move.

Contact Jas Kandola today to discuss your Surrey or Langley real estate goals.

Frequently Asked Questions

1. When will the Surrey-Langley SkyTrain open?

   The extension is expected to enter service in late 2029, following major construction that began in late 2024.

2. How many stations are part of the Surrey-Langley SkyTrain extension?

   Eight: Green Timbers, 152 Street, Fleetwood, Bakerview–166 Street, Hillcrest–184 Street, Clayton, Willowbrook, and Langley City Centre, running along Fraser Highway from King George Station to Langley City Centre.

3. How much does the Surrey-Langley SkyTrain project cost?

   The province has committed $5.996 billion to the project, covering the elevated guideway and surrounding active transportation infrastructure.

4. Will the SkyTrain increase property values in Surrey and Langley?

   Past SkyTrain extensions in Metro Vancouver, including the Canada Line and Evergreen Extension, saw buyer and investor interest build in the years before opening as construction certainty increased. The Surrey-Langley extension is now in active construction with a fixed opening target, which historically is the stage where that effect becomes more pronounced — though individual property outcomes depend on location, condition, and broader market conditions.

The Bottom Line

The Surrey-Langley SkyTrain went from a line on a map to eight active construction sites in the space of about eighteen months, and it's on a funded, fixed timeline toward a late-2029 opening. Whether that changes your next move as a buyer, a seller, or a long-term owner along Fraser Highway is a conversation worth having now, while the market still has room to negotiate.

Sources: BC Government news releases on Surrey Langley SkyTrain construction progress (April–July 2026); Government of Canada housing and infrastructure news release, May 2026; Journal of Commerce construction milestone coverage, July 2026; Surrey Langley SkyTrain official project station pages.