{"id":2606,"date":"2026-11-08T14:49:54","date_gmt":"2026-11-08T19:49:54","guid":{"rendered":"https:\/\/www.caianderson.com\/blog\/?p=2606"},"modified":"2026-11-08T14:50:21","modified_gmt":"2026-11-08T19:50:21","slug":"condo-chaos-in-the-valley","status":"publish","type":"post","link":"https:\/\/www.caianderson.com\/blog\/2026\/11\/08\/condo-chaos-in-the-valley\/","title":{"rendered":"Condo Chaos in the Valley!"},"content":{"rendered":"\n

I’ve been selling real estate in Langley and the Fraser Valley for over 12 years, and I have never experienced a condo market as challenging as this one. Below I have broken down months of Inventory (MOI) for condos in Langley, Willoughby and the Fraser Valley. Months of Inventory measures the absorption rate- how quickly things are selling- and gives us a good idea on the overall health of the market. <\/p>\n\n\n\n

October’s numbers are out, and while overall sales picked up slightly month-over-month, we’re still very much in a buyer’s market, especially in the condo market sector<\/strong>. The Fraser Valley is being hit the hardest, with only 113 condos selling out of 2,053 in the last 30 days, producing 18.1 MOI. That means if no new condo listings hit the market, it would take 18.1 months for them to sell out. <\/p>\n\n\n\n

In Willoughby, we’re looking at roughly 15 months of condo inventory.<\/strong> Across Langley, it’s around 13 months.<\/strong> <\/p>\n\n\n\n

To put that into perspective, anything over 6 months is considered a buyer’s market and we are well beyond that.<\/p>\n\n\n\n

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A Quick Look at October’s Numbers for All Property Types \ud83d\udcca<\/h3>\n\n\n\n
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Across the Fraser Valley, we saw:<\/p>\n\n\n\n

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  • 1,051 sales<\/strong> \u2014 up 14% from September.<\/li>\n\n\n\n
  • 9,164 active listings<\/strong> \u2014 plenty of inventory for buyers.<\/li>\n\n\n\n
  • $860,000 benchmark price<\/strong> \u2014 down 6.4% from last year.<\/li>\n\n\n\n
  • 11% sales-to-active listings ratio<\/strong> \u2014 still a buyer’s market.<\/li>\n<\/ul>\n\n\n\n

    So, while we’re seeing a little more activity, buyers are still taking their time.<\/p>\n\n\n\n

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    The Condo Market Breakdown<\/h3>\n\n\n\n

    In October, the benchmark condo price across the Fraser Valley was\u00a0$460,800, down 8.1% from last year.<\/strong> In Langley, we’re sitting at\u00a0$522,300, down 8.4%.<\/strong> But what really stands out to me is the amount of inventory compared to how many condos are actually selling.<\/p>\n\n\n\n

    <\/p>\n\n\n\n

    So, Why Are People Selling?<\/h3>\n\n\n\n
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    A big part of what I’m seeing right now is investors who purchased condos when prices were at their peak and interest rates were much lower. Now, as those mortgages come up for renewal, the monthly numbers aren’t looking quite as attractive. Higher carrying costs, negative cash flow, and softer prices are causing some investors to sell. And when you’ve got more people looking to sell than buyers ready to purchase, that puts downward pressure on prices.<\/p>\n<\/div>\n\n\n\n

    But There Is Opportunity Here!!<\/h3>\n\n\n\n

    For first-time buyers and investors entering the market today (not at the peak),<\/strong> I’m starting to see some interesting opportunities.<\/p>\n\n\n\n

    In my latest video, I walk through a real one-bedroom condo in Langley City and break down the numbers, including the mortgage, strata fees, property taxes, and estimated rental income.<\/p>\n\n\n\n

    Depending on your down payment, the monthly ownership costs might be more manageable than you’d expect.<\/p>\n\n\n\n

    \"\"<\/figure>\n\n\n\n

    Of course, every property is different, and the numbers still need to make sense.<\/p>\n\n\n\n

    \ud83c\udfa5 Watch My Full Condo Market Breakdown<\/h3>\n\n\n\n

    I go into more detail about inventory levels, where prices have been heading, and what I think we could see over the next year.<\/p>\n\n\n\n

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