BC Sales Stayed Soft: What Changes in Chilliwack and Abbotsford?

Chilliwack detached owners face more price pressure. Abbotsford detached owners face slower sales and the cost of waiting.

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What do soft BC home sales mean if you own a detached home in Chilliwack or Abbotsford? The answer depends on where you own and how much time you can afford. Chilliwack owners look more exposed to price negotiation. Abbotsford owners look more exposed to slower turnover and the cost of waiting. The provincial headline helps explain the pressure. BCREA reported 6,790 residential sales across BC MLS systems in May, down 2 percent from May 2025. Weak economic conditions and mortgage costs were still weighing on buyer confidence. But that backdrop does not tell an owner whether the greater risk is defending an optimistic price or carrying a property while a sale takes longer. The local evidence points to different answers. ## Why soft provincial sales create different local risks BCREA's release describes a weak economy and mortgage rates high enough to keep many buyers sensitive to their payments. Its supporting mortgage context from March suggested uninsured five-year fixed rates were around 4.6 percent. Average variable offerings were near 4.1 percent. That matters because buyers have not vanished. The buyer deciding whether to stretch is choosier and more sensitive to rates. A sell

NOTE: this representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assume no responsibility for its accuracy.