Condos and townhomes for sale in the Fraser Valley

Chilliwack has the lowest floor price for condos in the Fraser Valley, listings starting around $190K to $220K for older stock. Abbotsford is next, with entry-level 1-beds from roughly $260K. Both markets have lower commute scores to Vancouver, which is part of why prices stay accessible. If a daily Vancouver commute isn't the priority, these are the two cities to start with.

The honest answer is: it depends on your budget and how many years you expect to stay. Condos get you into the market at a lower price point with less maintenance responsibility, but strata fees add to your monthly carrying cost and qualifying math. Townhouses cost more upfront but give you more space, often a private entrance and yard, and lower strata fees per square foot. Most first-time buyers in Surrey start with a condo around $500K; most in Langley aim for a townhouse between $720K and $850K. We have a full journal post comparing the two if you want the longer version.

Roughly $95,000 to $110,000 in qualifying household income, depending on strata fees, property tax estimate, and any existing debt. That assumes 5% down ($25,000), a 4.5% contract rate stress-tested at 6.5%, and 30-year amortization. Higher strata fees eat into qualifying capacity, a $700/month strata fee is worth about $65,000 less in qualifying mortgage compared to a $250/month strata. Run the math with your mortgage broker before you set your price ceiling.

Roughly $140,000 to $155,000 in qualifying household income, assuming 5%/10% minimum down on an $800K townhouse ($55,000 total), 4.5% contract rate, stress-test qualifying at 6.5%, and a 30-year amortization. Strata fees for townhouses are generally $250 to $450/month, which are lower per square foot than condos. Two qualifying first-time buyers with maxed FHSAs and HBPs can cover a meaningful portion of the down payment from registered accounts.

There's no single answer, the right city depends on commute, budget, and what you want from daily life. Surrey gives the best transit access to Vancouver and the most condo inventory under $550K. Langley has the deepest townhome market and is building out transit. Abbotsford has the lowest prices for both condos and townhomes. Chilliwack is for buyers who want the absolute lowest entry and are fine trading commute for lifestyle. We cover each city in detail in the pages linked below.

Most do. The full $8,000 PTT exemption applies to purchases at $835,000 or less for qualifying first-time buyers (Canadian citizen or PR, 12 months BC residency, never owned a principal residence anywhere). Almost all Abbotsford, Chilliwack, Mission, and Maple Ridge condos and townhomes clear this threshold. Many Langley and Surrey townhomes in Walnut Grove, Brookswood, Newton, and Fleetwood also qualify. Willoughby new-build townhomes and South Surrey condos are the most likely to exceed the cap, for those, the Newly Built Home Exemption (up to $1.1M for new construction) is typically the better path.

The Fraser Valley apartment (condo) benchmark sat at $491,000 in April 2026, down approximately 8% year-over-year, per the Fraser Valley Real Estate Board monthly release. Neighbourhood pricing varies considerably, Surrey City Centre runs $450K to $520K for a typical 2-bedroom, while South Surrey and Langley condos trade at $600K to $750K. Chilliwack and Abbotsford median condo prices are well below the Fraser Valley average.

The Fraser Valley townhome benchmark was $771,600 in April 2026, down 7.4% year-over-year, per FVREB. Langley-specific townhome benchmarks ran slightly higher at $811,500 in March 2026. Abbotsford has the lowest Fraser Valley townhome median at approximately $688,000. Chilliwack townhome entry prices start around $525,000. All benchmarks are from the FVREB monthly report, we link the source on each city page.