🏡 Townhome Market Pulse – Greater Vancouver & Fraser Valley

🌦️ The Shift Continues

The fall market has been adjusting quietly but steadily. After a few active months, listings have climbed, buyers have more breathing room, and prices have softened slightly — especially across the Fraser Valley corridor (Langley + Surrey).

Townhomes remain one of the most in-demand property types for families looking for space without the detached price tag — but in 2025, it’s become a strategic buyer’s market.

📊 Quick Market Snapshots (September 2025)

🧭 Fraser Valley Focus – Langley & Surrey

The heart of this story lies south of the river.

• Prices have eased for six straight months, putting many 3-bedroom family-sized townhomes back under $850 K— something rare in 2024.

• Inventory sits near a five-year high, giving buyers leverage on terms, repairs, and completion dates.

• Days on market: averaging ~38 days vs the 20s last spring — showing listings need sharper pricing and better presentation.

• Sales-to-Active Listings Ratio ≈ 9 %, solidly a buyer’s market — the lowest since 2020.

• Buyers’ sentiment is improving thanks to the Bank of Canada’s rate cut to 2.50 % in September, with another expected soon.

📍 Neighbourhood notes:

• Willoughby & Clayton Heights remain the most searched — great transit and newer builds.

• Fleetwood shows steady interest with the upcoming SkyTrain extension.

• Walnut Grove & Murrayville are popular for families upgrading from condos, drawn by schools and parks.

🏙️ Greater Vancouver Overview

Metro Vancouver’s attached-home market is cooler but still stable. Listings are 36 % above the 10-year average, which keeps prices gently in check.
Expect balanced conditions through winter — serious buyers are active, but patient.

Hot spots still drawing multiple offers:

• North Vancouver (Deep Cove / Lynn Valley) – rare supply.

• East Van / Burnaby Heights – urban feel, townhouse density near SkyTrain.
  Elsewhere, sellers must meet the market with pricing that reflects recent comparables.

💡 Takeaways

For Buyers (especially Langley + Surrey)

• More inventory = time to breathe and negotiate.

• Secure rate holds now before the next BoC decision.

• Focus on quality strata management and strong CRF reserves.

• Well-kept 2000s and 2010s units often present better value than brand-new ones with high fees.

For Sellers

• Price for today, not for spring. Townhomes down 4-5 % year-over-year means buyers will notice overpricing.

• Stage and photograph professionally — presentation is a tie-breaker in this market.

• If you’re upgrading to a detached home, the gap between segments has narrowed slightly — it’s a good time to trade up.