BCREA’s Weak BC Nowcast: Sell or Hold in Chilliwack and Abbotsford?

BCREA’s weak BC nowcast supports realistic local pricing. Holding can make sense in Chilliwack and Abbotsford if the property carries properly.

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Does BCREA’s weak BC nowcast mean Chilliwack and Abbotsford owners should sell, or wait for better conditions? For owners who need to sell this season, it supports realistic pricing now. For owners who can wait, holding can still make sense—but only if the property carries properly. Weak growth offers little help to an overpriced listing, and waiting offers little protection if carrying costs eventually force a sale. The nowcast is a provincial economic update, not a Fraser Valley market report. It cannot tell you what your home is worth. But recent local sales data points in the same direction: buyers are taking longer and negotiating more, leaving sellers less room for hopeful pricing. ## What the provincial numbers tell an owner According to the [BCREA Nowcast](https://www.bcrea.bc.ca/economics/bcrea-nowcast/), BC real GDP growth was 1.2 percent year over year in February 2026. That improved on the prior month, but BCREA still described growth as well below trend. The improvement did not mean the economy was back to its usual pace. Its preliminary estimate for March weakened again to 0.2 percent. Canada’s figure was 0.9 percent. The provincial backdrop was soft, even compared wi

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.