700 Homes For Sale In South Surrey & White Rock. Not 1 Sold At Asking.
The Bank of Canada has held 7 times in a row. The mortgage rate you would actually sign this week is higher than it was in January. Both of those are true, and the second one is the one that decides what your house sells for this fall.
I am Amanda Milford. I sell homes in South Surrey and White Rock, and once a month I go through the numbers and tell you what I actually think of them.
Here is what I found this month:
700 detached homes for sale as I recorded this. August saw 584 homes and 48 sales on the board's count, about 1 in 12. At September's inventory that pace looks closer to 1 in 15.140 detached homes have come off the market unsold. They sat a median of 81 days first. 60 of them had been listed 90 days or longer. The homes that gave up were asking a median of about $1,819,000.
The homes that sold in August went for a median of about $1,460,000. Roughly $360,000 between them. 62 of the 140 that gave up were asking over $2 million. About 44%. I ran the first 10 days of September separately and got 17 of 39, which is also about 44%.
Of the 37 August detached sales I went through one at a time, not one sold at or above asking. They came in around 94% of list at a median of 46 days.
IF YOU ARE THINKING ABOUT A MOVE
Most of the people I work with are juggling two moves at once. Their own, and their parents'. If that is you, and any of this stirred up questions, let's talk it over a cup of tea. Bring your plans, even the half formed ones, and we will map out how to get you there. My job is to be your guide through it, and that is the part I love most.Amanda Milford PREC, Amanda Milford Real Estate Group
604 330 2975
amanda@amandamilford.ca
Subscribe if you want this every month. I cover South Surrey and White Rock, plus a Summerfield breakdown.
Sources referenced in this video: Fraser Valley Real Estate Board monthly statistics, my own live count and Paragon exports, Bank of Canada rate announcement of September 2 2026, Statistics Canada Consumer Price Index for August 2026, Government of Canada 10 year bond yield. Inventory counted live will not match the board's monthly figure exactly because they are not measured the same way.
This video is general market commentary, not financial or mortgage advice. Rates move. Talk to your mortgage broker about your own numbers.