Chilliwack BC Housing Market Update: Fall 2026

Chilliwack's housing market cooled further heading into fall 2026, with benchmark prices down across every property type and new listings arriving at the slowest August pace in more than a decade. For buyers who have been waiting on the sidelines, that combination is opening real negotiating room. I'm Stephanie Wong, and as someone who works across Chilliwack and the wider Fraser Valley with clients at Luxmore Realty, I want to walk you through what the latest numbers actually mean if you're buying or selling here right now.

Key Takeaways

• Chilliwack's composite MLS® HPI benchmark price was $704,600 in August 2026, down 5.2% year-over-year, according to the Chilliwack & District Real Estate Board.
• Single-family detached benchmark prices fell to $859,200, down 5.8% from a year earlier.
• New listings dropped 21.4% year-over-year — the lowest number of new August listings in more than a decade.
• Sales volume was also down, 159 units in August, 17.6% below the same month last year.

The Chilliwack Housing Market: What the Latest Data Shows

According to the Chilliwack & District Real Estate Board's statistics, reported through the Canadian Real Estate Association, the composite MLS® HPI benchmark price across all residential property types in Chilliwack sat at $704,600 in August 2026 — down 5.2% from August 2025.

Breaking that down by property type:

• Single-family detached homes: $859,200, down 5.8% year-over-year
• Townhomes and row units: $582,900, down 5.4% year-over-year
• Apartments and condos: $401,000, down 2.7% year-over-year

Every category moved in the same direction, but condos held up the best of the three — a pattern I'm seeing across a lot of Fraser Valley markets right now, as buyers priced out of detached homes shift toward more attainable price points.

Why Low Inventory, Not Weak Demand, Is Shaping This Market

What stands out most in the August data isn't the price softness on its own — it's what's happening on the supply side. New listings fell 21.4% compared to August 2025, which the board noted was the fewest new listings added in the month of August in more than ten years. Sales were down too, 159 units sold, a 17.6% drop from the prior year.

In plain terms: fewer homes are coming onto the market, and fewer are selling, but the two are moving together rather than inventory piling up. That's a different story than a market being flooded with unsold homes. It reads more like a standoff — some sellers who don't need to move are choosing to wait rather than list into softer prices, while buyers who don't need to move right now are taking their time rather than competing hard.

How the Chilliwack Housing Market Compares to the Broader Fraser Valley

Chilliwack's slowdown is part of a wider regional pattern. Across the full Fraser Valley region, the Fraser Valley Real Estate Board reported a composite benchmark price of $869,900 for August 2026, down 0.9% from July and down 7% year-over-year, on 941 total sales — a 14% drop from July but actually up about 1% from August 2025.

That regional comparison matters for Chilliwack buyers specifically: at a composite benchmark nearly $165,000 below the Fraser Valley-wide figure, Chilliwack remains one of the more accessible entry points into the region, even after accounting for this year's broader price softening everywhere from Langley to Abbotsford.

What This Means If You're Buying in Chilliwack

If you've been waiting for room to negotiate, this is close to it. With prices down and fewer competing buyers per listing, well-prepared buyers have more leverage to ask for inspection periods, negotiate on price relative to list, and avoid the bidding-war conditions that defined Chilliwack's market just a few years ago. I'd still encourage patience over speed — a slower market rewards buyers who do their homework on a property rather than rushing to beat out competition that, in most price brackets right now, simply isn't there in the same numbers.

What This Means If You're Selling in Chilliwack

Thin new-listing numbers can actually work in a seller's favour if you price realistically from day one. With less competing inventory hitting the market this fall than in any August in over a decade, a well-presented, correctly priced home can still stand out — but overpricing into a market where benchmark values have already dropped 5.2% year-over-year is the fastest way to sit unsold. I always recommend sellers look at recent comparable closings, not list prices, before setting a number.

Chilliwack's continued population growth is a longer-term tailwind worth keeping in mind too. The City of Chilliwack's own population statistics put the city's 2025 population at roughly 112,500, up from about 102,300 at the 2021 census — growth that continues to support demand for housing here even as the market cools in the short term.

Frequently Asked Questions About the Chilliwack Housing Market

Q: Are home prices dropping in Chilliwack right now?
Yes. The Chilliwack & District Real Estate Board's composite benchmark price was $704,600 in August 2026, down 5.2% from a year earlier, with declines across detached homes, townhomes, and apartments.

Q: Is it a good time to buy a home in Chilliwack?
With prices down year-over-year and fewer competing buyers, conditions currently favour buyers more than they have in recent years — though it's worth working with someone who knows the local comparables rather than relying on list prices alone.

Q: Why are there fewer homes for sale in Chilliwack this year?
New listings in August 2026 were down 21.4% from August 2025, the lowest August total in more than a decade. Some of that likely reflects sellers who aren't under pressure to move choosing to wait rather than list into a softer market.

Q: How does Chilliwack compare to other Fraser Valley communities on price?
Chilliwack's composite benchmark of $704,600 sits well below the Fraser Valley-wide composite of $869,900 (August 2026), making it one of the more affordable options within the region.

Q: Will Chilliwack prices keep falling?
No one can predict that with certainty, and I'd be cautious of anyone who claims otherwise. What the data shows today is a market with softer prices and tighter new supply than a year ago — conditions worth discussing in the context of your specific timeline and goals.

Thinking About Buying or Selling in Chilliwack This Fall?

Whether you're trying to time a purchase while there's room to negotiate, or you need to price a listing correctly in a market that's shifted from where it was a few years ago, the numbers above are only the starting point — what matters is how they apply to your specific street, property type, and timeline. I'd welcome the chance to walk through it with you.

I'm Stephanie Wong, PREC, with Luxmore Realty. Call or text me at (778) 960-8269, or schedule a free consultation to talk through your Chilliwack plans.