The Fraser Valley has experienced substantial growth in recent years, driven by a robust office development cycle and a surge in industrial construction prompted by evolving consumer behaviours during the pandemic. With inventory now replenished, developers have scaled back construction in the commercial sector; however, residential development continues, albeit under increasing pressure.
CoStar Insight
Multifamily construction remains robust in the Fraser Valley, but market conditions have shifted
Like urban markets, the suburbs are experiencing soft rents and unsold condos
By Paul Richter
CoStar AnalyticsOctober 16, 2025 | 3:45 P.M.
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