Chilliwack & District Real Estate Market Report - February 2026

Chilliwack & District (MLS® HPI) — February 2026

In February 2026, the Chilliwack & District real estate market shows a composite benchmark price of $724,500, reflecting a 3.4% decrease from February 2025's benchmark of $750,000. The market remains balanced, indicating stable conditions for both buyers and sellers.

Market Analysis

The Chilliwack & District market continues to exhibit balanced conditions as of February 2026, with a composite benchmark price of $724,500. This marks a decline from the previous month’s benchmark of $733,500, suggesting a slight easing in prices. Year-over-year, the market has seen a 3.4% decrease in benchmark prices, which may indicate a cooling trend as buyers adjust to current economic conditions and interest rates.

Property Type Analysis

When examining property types, the benchmark price for detached homes stands at $881,700, while attached/townhouse properties are priced at $599,800, and apartments at $418,200. The variations in benchmark prices reflect differing demand levels across these categories, with detached homes typically commanding the highest prices due to their larger size and land ownership.

Regional Highlights

The Chilliwack & District region is experiencing a transitional phase in its real estate market. While the overall market remains balanced, the decrease in benchmark prices year-over-year suggests that potential buyers may have more negotiating power. This shift could lead to increased activity in the market as buyers take advantage of lower prices compared to the previous year.

For Buyers

For prospective buyers, this may be an opportune time to enter the market, especially given the current balanced conditions and declining benchmark prices. Buyers should consider their long-term needs and be prepared to negotiate, as the market dynamics may favor them in the coming months.

For Sellers

Sellers should remain realistic about pricing in the current market environment, particularly given the year-over-year decline in benchmark prices. It is advisable to work closely with a real estate professional to set competitive pricing strategies that attract buyers while still achieving fair market value.