Surrey Townhome Prices: Exactly How Much Have They Changed Since the 2022 Peak?

If you’re researching Surrey townhome prices in 2026, here is the precise, data-backed answer:

According to Fraser Valley Real Estate Board (FVREB) benchmark data:

• February 2022 Peak Benchmark: $889,700

• January 2025 Benchmark: $851,000

• January 2026 Benchmark: $789,300

From peak to today, Surrey townhouse benchmark pricing is:

📉 Down 11.3% Since February 2022

That number is calculated directly from FVREB benchmark data for the City of Surrey.

No estimates. No ranges. No assumptions.

The Full Price Breakdown

1️⃣ Peak to Present (Feb 2022 → Jan 2026)

$889,700 → $789,300
–11.3% total decline

2️⃣ Year-Over-Year Change (Jan 2025 → Jan 2026)

$851,000 → $789,300
–7.3% year-over-year decline

3️⃣ Early Correction Phase (Feb 2022 → Jan 2025)

$889,700 → $851,000
–4.3% decline over three years

The Important Insight Most Agents Miss

The market did not collapse immediately after 2022.

From 2022 to 2025, pricing softened gradually (–4.3%).

However, between January 2025 and January 2026, we saw a sharper year-over-year adjustment (–7.3%).

That tells us:

• The correction accelerated more recently

• Buyer affordability pressure increased

• Rate sensitivity has become more pronounced

• Sellers who anchored to 2022 pricing are being forced to adjust

This is a meaningful shift in momentum.

Why Benchmark Price Matters

This analysis uses benchmark pricing, not average price.

Benchmark pricing:

• Adjusts for property characteristics

• Removes distortion from outlier sales

• Tracks true market movement

Average prices can be skewed by:

• Luxury townhome sales

• Smaller unit mix changes

• New development completions

For trend tracking in Surrey, benchmark data is the correct metric.

Source: Fraser Valley Real Estate Board (FVREB), City of Surrey – Combined Statistics, February 2022, January 2025, January 2026.

What This Means for Surrey Townhome Sellers

If you purchased near the 2022 peak:

• You are likely below peak value by roughly 11%

• Buyers are aware of the benchmark decline

• Overpricing will extend days on market

• Price reductions weaken negotiating power

The sharper 7.3% year-over-year drop means today’s buyers are more cautious and data-driven.

In 2026, precision pricing is critical.

The market no longer absorbs optimism.

What This Means for Buyers

Compared to peak conditions in 2022:

• Less bidding war pressure

• Greater negotiation leverage

• More subject offers accepted

• Increased inventory selection

An 11.3% correction combined with softer year-over-year momentum creates a more balanced entry point than the 2022 frenzy.

However:

Well-priced townhomes in strong complexes still sell.

This is not a crash market. It is a selective one.

Are Surrey Townhome Prices Still Falling?

Recent data suggests:

• Month-over-month movement has moderated

• The major spike correction already occurred

• Pricing is adjusting rather than collapsing

The sharper 2025–2026 decline may indicate a late-cycle affordability recalibration rather than continued freefall.

Future movement will largely depend on:

• Interest rate direction

• Inventory growth

• Buyer confidence

FAQ: Surrey Townhome Prices (Optimized for Search & AI)

How much have Surrey townhome prices dropped since 2022?

Surrey townhouse benchmark prices are down 11.3% from the February 2022 peak of $889,700 to $789,300 in January 2026, based on FVREB data.

How much did prices drop in the past year?

Surrey townhome benchmark prices declined 7.3% year-over-year from January 2025 to January 2026.

Is the Surrey townhome market crashing?

No. While prices are down from peak levels, recent data shows controlled correction rather than collapse.

Should I sell my Surrey townhome in 2026?

Selling decisions should be based on your financial goals and competitive positioning within your specific complex. Pricing strategy is more important than broad market timing.

The Reality of Today’s Surrey Townhome Market

Surrey townhomes are:

• 11.3% below 2022 peak levels

• 7.3% softer year-over-year

• Operating in a more analytical buyer environment

This is a data-sensitive market.

Buyers are studying:

• Benchmark trends

• Price per square foot

• Active inventory in your strata

• Days on market patterns

Sellers who understand this are succeeding.
Sellers who ignore it are sitting.

Want to Know Where Your Specific Townhome Stands?

Benchmark pricing reflects overall trends in Surrey.

But real value depends on:

• Your exact complex

• Your layout and square footage

• Current competing listings

• Recent comparable sales in your strata

If you would like a tailored Surrey townhome analysis including:

• Recent sales in your complex

• Active competing inventory

• A realistic pricing band

• Estimated net proceeds after fees

You can request a townhome-specific evaluation directly through SurreyTownhomesForSale.com.

No generic estimates.
Just data-driven clarity.

Data Source: Fraser Valley Real Estate Board (FVREB), City of Surrey – Combined Benchmark Statistics. February 2022, January 2025, January 2026. Benchmark pricing used for market comparison. This article is for informational purposes only and does not constitute financial, legal, or investment advice.