{"id":936,"date":"2023-11-17T07:00:00","date_gmt":"2023-11-17T15:00:00","guid":{"rendered":"https:\/\/rodrhearyan.com\/blog\/market-update-maple-ridge-rod-rhea-ryan-hayes-supply-demand-average-rental-income-resale-buyer-price-decrease\/"},"modified":"2026-04-08T09:23:24","modified_gmt":"2026-04-08T16:23:24","slug":"market-update-maple-ridge-rod-rhea-ryan-hayes-supply-demand-average-rental-income-resale-buyer-price-decrease","status":"publish","type":"post","link":"https:\/\/www.rodrhearyan.com\/blog\/market-update-maple-ridge-rod-rhea-ryan-hayes-supply-demand-average-rental-income-resale-buyer-price-decrease\/","title":{"rendered":"Maple Ridge Market Update: Benchmark Prices Are Down"},"content":{"rendered":"<h2 style=\"text-align: center;\"><strong>Maple Ridge Market: <\/strong><\/h2>\n<h2 style=\"text-align: center;\"><strong>October 2023 vs 2022&nbsp; <\/strong><\/h2>\n<p style=\"text-align: center;\"><strong><img decoding=\"async\" title=\"Parkside Crescent Maple Ridge\" src=\"https:\/\/rodrhearyan.com\/blog\/wp-content\/uploads\/2026\/04\/parkside_crescent_mr.jpeg\" alt=\"Parkside Crescent Maple Ridge\" width=\"450\" \/> <br \/> <\/strong><\/p>\n<h2 style=\"text-align: center;\">Benchmark price down across the board.<strong><br \/><\/strong><\/h2>\n<p><strong>&nbsp;<\/strong><\/p>\n<p><strong>Looking for an accurate picture of where the real estate market is headed?<\/strong><\/p>\n<h3>&nbsp; Today we dive in and take a deeper look at the Maple Ridge market as a whole:<\/h3>\n<ul>\n<li>A full overview &amp; an in depth look at detached homes and townhouses. Both focusing on:<\/li>\n<\/ul>\n<ol start=\"1\">\n<ol start=\"1\">\n<li><strong>How statistics stack up to the previous month&#8217;s activity.<\/strong><\/li>\n<li><strong>Where we are standing compared to the same time period in 2022.<\/strong><\/li>\n<li><strong>Larger market trends.<\/strong><\/li>\n<\/ol>\n<\/ol>\n<p>&nbsp;<img decoding=\"async\" style=\"display: block; margin-left: auto; margin-right: auto;\" src=\"https:\/\/rodrhearyan.com\/blog\/wp-content\/uploads\/2026\/04\/mr.jpeg\" alt=\"mr\" width=\"450\" \/><\/p>\n<h3 style=\"text-align: center;\">&bull;&bull;&bull;<\/h3>\n<p>&nbsp;<\/p>\n<h3 style=\"text-align: left;\"><strong>Maple Ridge Benchmark Price Overview:<\/strong><\/h3>\n<p>After all areas of the market finally surpassed their 2022 benchmark price in August, September brough a shift to the market:<\/p>\n<ol>\n<li>For two consecutive months (September &amp; October) the benchmark price for detached homes and condos has decreased.<\/li>\n<li>After a roughly $10,000 uptick in September the townhouse market saw a minor benchmark decrease in October<\/li>\n<li>Prior to the September softening detached homes benchmark price had increased for seven consecutive months.<\/li>\n<li>Throughout 2023 the condo market has remained variable. After August&#8217;s large jump up (over $15,000 in 30-days) the benchmark price has settled just under 2% above its 2022 counterpart.<\/li>\n<\/ol>\n<p style=\"text-align: left;\" align=\"center\">&nbsp;<\/p>\n<h3 style=\"text-align: center;\" align=\"center\">&bull;&bull;&bull;<\/h3>\n<h3 style=\"text-align: left;\" align=\"center\"><strong>Overall Supply &amp; Sales Update:<\/strong><\/h3>\n<p style=\"text-align: left;\" align=\"center\">&nbsp;<br \/> Compared to the same time last year supply has increased across the board:<\/p>\n<ul>\n<li style=\"text-align: left;\"><strong>Detached<\/strong>: +9.5%<\/li>\n<li style=\"text-align: left;\"><strong>Condo:<\/strong> +73%<\/li>\n<li style=\"text-align: left;\"><strong>Townhouse<\/strong>: +4.1%<\/li>\n<\/ul>\n<p style=\"text-align: left;\" align=\"center\"> When October 2023 supply is compared to September 2023:<\/p>\n<ul>\n<li><strong>Detached:<\/strong> 28 less listings than in September<\/li>\n<li><strong>Condo:<\/strong> 20 more listings than in September<\/li>\n<li><strong>Townhouse:<\/strong> 13 more listings than in September<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p style=\"text-align: left;\" align=\"center\">Compared to the same time last year detached sales struggle while townhouse &amp; condo sales soar:<\/p>\n<ul>\n<li><strong> Detached:<\/strong> -11.9%<\/li>\n<li><strong> Condo:<\/strong> +64.7%<\/li>\n<li><strong> Townhomes<\/strong>: +50%<\/li>\n<\/ul>\n<p style=\"text-align: left;\" align=\"center\">&nbsp;<\/p>\n<p style=\"text-align: left;\" align=\"center\">Compared to September 2023 sales have vary:<\/p>\n<ul>\n<li><strong> Detached<\/strong>: 9 more sale than September<\/li>\n<li><strong> Condo:<\/strong> 3 more sales than September<\/li>\n<li><strong> Townhouse:<\/strong> 11 less sale than September<\/li>\n<\/ul>\n<h3 style=\"text-align: left;\"><strong>Overall Sales &amp; Supply At A Glance:<\/strong><\/h3>\n<ol>\n<li style=\"text-align: left;\">Compared to 2022 supply is up. Month over month detached supply is seeing a downturn.<strong><br \/><\/strong><\/li>\n<li style=\"text-align: left;\">Compared to 2022, aside from detached, sales are up. Month-over-month sales remain fairly even.<\/li>\n<\/ol>\n<p style=\"text-align: center;\"><strong>The detached market proves to be an outlier as it shows some signs of potentially struggling as fall progresses. <\/strong><\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: center;\"><img decoding=\"async\" title=\"Maple Ridge\" src=\"https:\/\/rodrhearyan.com\/blog\/wp-content\/uploads\/2026\/04\/maple_ridge.jpeg\" alt=\"Maple Ridge\" width=\"450\" \/><\/p>\n<h3 style=\"text-align: center;\">&bull;&bull;&bull;<\/h3>\n<h3><strong>Detached Market Update:<\/strong><\/h3>\n<pre style=\"text-align: center;\"><strong>After eight consecutive months of pricing decreases January 2023's benchmark price matched Decemeber 2022's. <\/strong><br \/><strong>Since then there were seven consecutive month's of pricing increases, before our current two month decrease.<br \/><\/strong><\/pre>\n<p>&nbsp;<!--[if gte mso 9]><xml>\n <o_OfficeDocumentSettings>\n  <o_AllowPNG\/>\n 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SemiHidden=\"true\" UnhideWhenUsed=\"true\"\n   Name=\"Table Elegant\"\/>\n  <w_LsdException Locked=\"false\" SemiHidden=\"true\" UnhideWhenUsed=\"true\"\n   Name=\"Table Professional\"\/>\n  <w_LsdException Locked=\"false\" SemiHidden=\"true\" UnhideWhenUsed=\"true\"\n   Name=\"Table Subtle 1\"\/>\n  <w_LsdException Locked=\"false\" SemiHidden=\"true\" UnhideWhenUsed=\"true\"\n   Name=\"Table Subtle 2\"\/>\n  <w_LsdException Locked=\"false\" SemiHidden=\"true\" UnhideWhenUsed=\"true\"\n   Name=\"Table Web 1\"\/>\n  <w_LsdException Locked=\"false\" SemiHidden=\"true\" UnhideWhenUsed=\"true\"\n   Name=\"Table Web 2\"\/>\n  <w_LsdException Locked=\"false\" SemiHidden=\"true\" UnhideWhenUsed=\"true\"\n   Name=\"Table Web 3\"\/>\n  <w_LsdException Locked=\"false\" SemiHidden=\"true\" UnhideWhenUsed=\"true\"\n   Name=\"Balloon Text\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"39\" Name=\"Table Grid\"\/>\n  <w_LsdException Locked=\"false\" SemiHidden=\"true\" UnhideWhenUsed=\"true\"\n   Name=\"Table Theme\"\/>\n  <w_LsdException Locked=\"false\" SemiHidden=\"true\" Name=\"Placeholder Text\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"1\" QFormat=\"true\" Name=\"No Spacing\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"60\" Name=\"Light Shading\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"61\" Name=\"Light List\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"62\" Name=\"Light Grid\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"63\" Name=\"Medium Shading 1\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"64\" Name=\"Medium Shading 2\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"65\" Name=\"Medium List 1\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"66\" Name=\"Medium List 2\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"67\" Name=\"Medium Grid 1\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"68\" Name=\"Medium Grid 2\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"69\" Name=\"Medium Grid 3\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"70\" Name=\"Dark List\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"71\" Name=\"Colorful Shading\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"72\" Name=\"Colorful List\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"73\" Name=\"Colorful Grid\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"60\" Name=\"Light Shading Accent 1\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"61\" Name=\"Light List Accent 1\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"62\" Name=\"Light Grid Accent 1\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"63\" Name=\"Medium Shading 1 Accent 1\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"64\" Name=\"Medium Shading 2 Accent 1\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"65\" Name=\"Medium List 1 Accent 1\"\/>\n  <w_LsdException Locked=\"false\" SemiHidden=\"true\" Name=\"Revision\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"34\" QFormat=\"true\"\n   Name=\"List Paragraph\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"29\" QFormat=\"true\" Name=\"Quote\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"30\" QFormat=\"true\"\n   Name=\"Intense Quote\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"66\" Name=\"Medium List 2 Accent 1\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"67\" Name=\"Medium Grid 1 Accent 1\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"68\" Name=\"Medium Grid 2 Accent 1\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"69\" Name=\"Medium Grid 3 Accent 1\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"70\" Name=\"Dark List Accent 1\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"71\" Name=\"Colorful Shading Accent 1\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"72\" Name=\"Colorful List Accent 1\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"73\" Name=\"Colorful Grid Accent 1\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"60\" Name=\"Light Shading Accent 2\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"61\" Name=\"Light List Accent 2\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"62\" Name=\"Light Grid Accent 2\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"63\" Name=\"Medium Shading 1 Accent 2\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"64\" Name=\"Medium Shading 2 Accent 2\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"65\" Name=\"Medium List 1 Accent 2\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"66\" Name=\"Medium List 2 Accent 2\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"67\" Name=\"Medium Grid 1 Accent 2\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"68\" Name=\"Medium Grid 2 Accent 2\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"69\" Name=\"Medium Grid 3 Accent 2\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"70\" Name=\"Dark List Accent 2\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"71\" Name=\"Colorful Shading Accent 2\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"72\" Name=\"Colorful List Accent 2\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"73\" Name=\"Colorful Grid Accent 2\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"60\" Name=\"Light Shading Accent 3\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"61\" Name=\"Light List Accent 3\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"62\" Name=\"Light Grid Accent 3\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"63\" Name=\"Medium Shading 1 Accent 3\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"64\" Name=\"Medium Shading 2 Accent 3\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"65\" Name=\"Medium List 1 Accent 3\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"66\" Name=\"Medium List 2 Accent 3\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"67\" Name=\"Medium Grid 1 Accent 3\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"68\" Name=\"Medium Grid 2 Accent 3\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"69\" Name=\"Medium Grid 3 Accent 3\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"70\" Name=\"Dark List Accent 3\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"71\" Name=\"Colorful Shading Accent 3\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"72\" Name=\"Colorful List Accent 3\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"73\" Name=\"Colorful Grid Accent 3\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"60\" Name=\"Light Shading Accent 4\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"61\" Name=\"Light List Accent 4\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"62\" Name=\"Light Grid Accent 4\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"63\" Name=\"Medium Shading 1 Accent 4\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"64\" Name=\"Medium Shading 2 Accent 4\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"65\" Name=\"Medium List 1 Accent 4\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"66\" Name=\"Medium List 2 Accent 4\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"67\" Name=\"Medium Grid 1 Accent 4\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"68\" Name=\"Medium Grid 2 Accent 4\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"69\" Name=\"Medium Grid 3 Accent 4\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"70\" Name=\"Dark List Accent 4\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"71\" Name=\"Colorful Shading Accent 4\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"72\" Name=\"Colorful List Accent 4\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"73\" Name=\"Colorful Grid Accent 4\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"60\" Name=\"Light Shading Accent 5\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"61\" Name=\"Light List Accent 5\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"62\" Name=\"Light Grid Accent 5\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"63\" Name=\"Medium Shading 1 Accent 5\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"64\" Name=\"Medium Shading 2 Accent 5\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"65\" Name=\"Medium List 1 Accent 5\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"66\" Name=\"Medium List 2 Accent 5\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"67\" Name=\"Medium Grid 1 Accent 5\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"68\" Name=\"Medium Grid 2 Accent 5\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"69\" Name=\"Medium Grid 3 Accent 5\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"70\" Name=\"Dark List Accent 5\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"71\" Name=\"Colorful Shading Accent 5\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"72\" Name=\"Colorful List Accent 5\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"73\" Name=\"Colorful Grid Accent 5\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"60\" Name=\"Light Shading Accent 6\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"61\" Name=\"Light List Accent 6\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"62\" Name=\"Light Grid Accent 6\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"63\" Name=\"Medium Shading 1 Accent 6\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"64\" Name=\"Medium Shading 2 Accent 6\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"65\" Name=\"Medium List 1 Accent 6\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"66\" Name=\"Medium List 2 Accent 6\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"67\" Name=\"Medium Grid 1 Accent 6\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"68\" Name=\"Medium Grid 2 Accent 6\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"69\" Name=\"Medium Grid 3 Accent 6\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"70\" Name=\"Dark List Accent 6\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"71\" Name=\"Colorful Shading Accent 6\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"72\" Name=\"Colorful List Accent 6\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"73\" Name=\"Colorful Grid Accent 6\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"19\" QFormat=\"true\"\n   Name=\"Subtle Emphasis\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"21\" QFormat=\"true\"\n   Name=\"Intense Emphasis\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"31\" QFormat=\"true\"\n   Name=\"Subtle Reference\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"32\" QFormat=\"true\"\n   Name=\"Intense Reference\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"33\" QFormat=\"true\" Name=\"Book Title\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"37\" SemiHidden=\"true\"\n   UnhideWhenUsed=\"true\" Name=\"Bibliography\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"39\" SemiHidden=\"true\"\n   UnhideWhenUsed=\"true\" QFormat=\"true\" Name=\"TOC Heading\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"41\" Name=\"Plain Table 1\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"42\" Name=\"Plain Table 2\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"43\" Name=\"Plain Table 3\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"44\" Name=\"Plain Table 4\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"45\" Name=\"Plain Table 5\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"40\" Name=\"Grid Table Light\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"46\" Name=\"Grid Table 1 Light\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"47\" Name=\"Grid Table 2\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"48\" Name=\"Grid Table 3\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"49\" Name=\"Grid Table 4\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"50\" Name=\"Grid Table 5 Dark\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"51\" Name=\"Grid Table 6 Colorful\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"52\" Name=\"Grid Table 7 Colorful\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"46\"\n   Name=\"Grid Table 1 Light Accent 1\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"47\" Name=\"Grid Table 2 Accent 1\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"48\" Name=\"Grid Table 3 Accent 1\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"49\" Name=\"Grid Table 4 Accent 1\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"50\" Name=\"Grid Table 5 Dark Accent 1\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"51\"\n   Name=\"Grid Table 6 Colorful Accent 1\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"52\"\n   Name=\"Grid Table 7 Colorful Accent 1\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"46\"\n   Name=\"Grid Table 1 Light Accent 2\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"47\" Name=\"Grid Table 2 Accent 2\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"48\" Name=\"Grid Table 3 Accent 2\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"49\" Name=\"Grid Table 4 Accent 2\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"50\" Name=\"Grid Table 5 Dark Accent 2\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"51\"\n   Name=\"Grid Table 6 Colorful Accent 2\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"52\"\n   Name=\"Grid Table 7 Colorful Accent 2\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"46\"\n   Name=\"Grid Table 1 Light Accent 3\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"47\" Name=\"Grid Table 2 Accent 3\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"48\" Name=\"Grid Table 3 Accent 3\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"49\" Name=\"Grid Table 4 Accent 3\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"50\" Name=\"Grid Table 5 Dark Accent 3\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"51\"\n   Name=\"Grid Table 6 Colorful Accent 3\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"52\"\n   Name=\"Grid Table 7 Colorful Accent 3\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"46\"\n   Name=\"Grid Table 1 Light Accent 4\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"47\" Name=\"Grid Table 2 Accent 4\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"48\" Name=\"Grid Table 3 Accent 4\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"49\" Name=\"Grid Table 4 Accent 4\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"50\" Name=\"Grid Table 5 Dark Accent 4\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"51\"\n   Name=\"Grid Table 6 Colorful Accent 4\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"52\"\n   Name=\"Grid Table 7 Colorful Accent 4\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"46\"\n   Name=\"Grid Table 1 Light Accent 5\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"47\" Name=\"Grid Table 2 Accent 5\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"48\" Name=\"Grid Table 3 Accent 5\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"49\" Name=\"Grid Table 4 Accent 5\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"50\" Name=\"Grid Table 5 Dark Accent 5\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"51\"\n   Name=\"Grid Table 6 Colorful Accent 5\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"52\"\n   Name=\"Grid Table 7 Colorful Accent 5\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"46\"\n   Name=\"Grid Table 1 Light Accent 6\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"47\" Name=\"Grid Table 2 Accent 6\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"48\" Name=\"Grid Table 3 Accent 6\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"49\" Name=\"Grid Table 4 Accent 6\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"50\" Name=\"Grid Table 5 Dark Accent 6\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"51\"\n   Name=\"Grid Table 6 Colorful Accent 6\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"52\"\n   Name=\"Grid Table 7 Colorful Accent 6\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"46\" Name=\"List Table 1 Light\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"47\" Name=\"List Table 2\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"48\" Name=\"List Table 3\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"49\" Name=\"List Table 4\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"50\" Name=\"List Table 5 Dark\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"51\" Name=\"List Table 6 Colorful\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"52\" Name=\"List Table 7 Colorful\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"46\"\n   Name=\"List Table 1 Light Accent 1\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"47\" Name=\"List Table 2 Accent 1\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"48\" Name=\"List Table 3 Accent 1\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"49\" Name=\"List Table 4 Accent 1\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"50\" Name=\"List Table 5 Dark Accent 1\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"51\"\n   Name=\"List Table 6 Colorful Accent 1\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"52\"\n   Name=\"List Table 7 Colorful Accent 1\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"46\"\n   Name=\"List Table 1 Light Accent 2\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"47\" Name=\"List Table 2 Accent 2\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"48\" Name=\"List Table 3 Accent 2\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"49\" Name=\"List Table 4 Accent 2\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"50\" Name=\"List Table 5 Dark Accent 2\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"51\"\n   Name=\"List Table 6 Colorful Accent 2\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"52\"\n   Name=\"List Table 7 Colorful Accent 2\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"46\"\n   Name=\"List Table 1 Light Accent 3\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"47\" Name=\"List Table 2 Accent 3\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"48\" Name=\"List Table 3 Accent 3\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"49\" Name=\"List Table 4 Accent 3\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"50\" Name=\"List Table 5 Dark Accent 3\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"51\"\n   Name=\"List Table 6 Colorful Accent 3\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"52\"\n   Name=\"List Table 7 Colorful Accent 3\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"46\"\n   Name=\"List Table 1 Light Accent 4\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"47\" Name=\"List Table 2 Accent 4\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"48\" Name=\"List Table 3 Accent 4\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"49\" Name=\"List Table 4 Accent 4\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"50\" Name=\"List Table 5 Dark Accent 4\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"51\"\n   Name=\"List Table 6 Colorful Accent 4\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"52\"\n   Name=\"List Table 7 Colorful Accent 4\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"46\"\n   Name=\"List Table 1 Light Accent 5\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"47\" Name=\"List Table 2 Accent 5\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"48\" Name=\"List Table 3 Accent 5\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"49\" Name=\"List Table 4 Accent 5\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"50\" Name=\"List Table 5 Dark Accent 5\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"51\"\n   Name=\"List Table 6 Colorful Accent 5\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"52\"\n   Name=\"List Table 7 Colorful Accent 5\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"46\"\n   Name=\"List Table 1 Light Accent 6\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"47\" Name=\"List Table 2 Accent 6\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"48\" Name=\"List Table 3 Accent 6\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"49\" Name=\"List Table 4 Accent 6\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"50\" Name=\"List Table 5 Dark Accent 6\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"51\"\n   Name=\"List Table 6 Colorful Accent 6\"\/>\n  <w_LsdException Locked=\"false\" Priority=\"52\"\n   Name=\"List Table 7 Colorful Accent 6\"\/>\n  <w_LsdException Locked=\"false\" SemiHidden=\"true\" UnhideWhenUsed=\"true\"\n   Name=\"Mention\"\/>\n  <w_LsdException Locked=\"false\" SemiHidden=\"true\" UnhideWhenUsed=\"true\"\n   Name=\"Smart Hyperlink\"\/>\n  <w_LsdException Locked=\"false\" SemiHidden=\"true\" UnhideWhenUsed=\"true\"\n   Name=\"Hashtag\"\/>\n  <w_LsdException Locked=\"false\" SemiHidden=\"true\" UnhideWhenUsed=\"true\"\n   Name=\"Unresolved Mention\"\/>\n  <w_LsdException Locked=\"false\" SemiHidden=\"true\" UnhideWhenUsed=\"true\"\n   Name=\"Smart Link\"\/>\n <\/w_LatentStyles>\n<\/xml><![endif]--><!--[if gte mso 10]>\n\n\n<style>\n \/* Style Definitions *\/\n table.MsoNormalTable\n\t{mso-style-name:\"Table Normal\";\n\tmso-tstyle-rowband-size:0;\n\tmso-tstyle-colband-size:0;\n\tmso-style-noshow:yes;\n\tmso-style-priority:99;\n\tmso-style-parent:\"\";\n\tmso-padding-alt:0cm 5.4pt 0cm 5.4pt;\n\tmso-para-margin-top:0cm;\n\tmso-para-margin-right:0cm;\n\tmso-para-margin-bottom:8.0pt;\n\tmso-para-margin-left:0cm;\n\tline-height:107%;\n\tmso-pagination:widow-orphan;\n\tfont-size:11.0pt;\n\tfont-family:\"Calibri\",sans-serif;\n\tmso-ascii-font-family:Calibri;\n\tmso-ascii-theme-font:minor-latin;\n\tmso-hansi-font-family:Calibri;\n\tmso-hansi-theme-font:minor-latin;\n\tmso-bidi-font-family:\"Times New Roman\";\n\tmso-bidi-theme-font:minor-bidi;\n\tmso-font-kerning:1.0pt;\n\tmso-ligatures:standardcontextual;\n\tmso-fareast-language:EN-US;}\n<\/style>\n\n\n<![endif]--><\/p>\n<p><span><span style=\"mso-fareast-font-family: 'Courier New';\"><span style=\"mso-list: Ignore;\">1.<span style=\"font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-size-adjust: none; font-kerning: auto; font-optical-sizing: auto; font-language-override: normal; font-feature-settings: normal; font-variation-settings: normal;\">&nbsp; <\/span><\/span><\/span><span><strong><span style=\"font-weight: normal;\">Between February 2023 and August 2023, the benchmark price increased $141,600.<\/span><\/strong> <\/span><\/span><\/p>\n<p><span><span style=\"mso-fareast-font-family: 'Courier New';\"><span style=\"mso-list: Ignore;\">2.<span style=\"font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: normal; font-size-adjust: none; font-kerning: auto; font-optical-sizing: auto; font-language-override: normal; font-feature-settings: normal; font-variation-settings: normal;\">&nbsp; <\/span><\/span><\/span>The October 2023 benchmark for detached homes is now only $77,900 above October 2022.<\/span><\/p>\n<p><span><span style=\"mso-fareast-font-family: 'Courier New';\"><span style=\"mso-list: Ignore;\">3.<span style=\"font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: normal; font-size-adjust: none; font-kerning: auto; font-optical-sizing: auto; font-language-override: normal; font-feature-settings: normal; font-variation-settings: normal;\">&nbsp; <\/span><\/span><\/span>In the last 30 days the benchmark has decreased $17,100. <\/span><\/p>\n<p><span><span style=\"mso-fareast-font-family: 'Courier New';\"><span style=\"mso-list: Ignore;\">4.<span style=\"font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: normal; font-size-adjust: none; font-kerning: auto; font-optical-sizing: auto; font-language-override: normal; font-feature-settings: normal; font-variation-settings: normal;\">&nbsp; <\/span><\/span><\/span>Over the last 60 days the benchmark has decreased $30,500.<\/span><\/p>\n<p><span><span style=\"mso-fareast-font-family: 'Courier New';\"><span style=\"mso-list: Ignore;\">5.<span style=\"font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: normal; font-size-adjust: none; font-kerning: auto; font-optical-sizing: auto; font-language-override: normal; font-feature-settings: normal; font-variation-settings: normal;\">&nbsp; <\/span><\/span><\/span>The benchmark price was only able to stay above 1.3 for two months.<\/span><\/p>\n<p style=\"text-align: center;\"><strong>Is this the beginning of a new series of decreases similar to 2022?<\/strong><\/p>\n<p><span style=\"text-decoration: underline;\"><strong>Detached Home Benchmark Pricing:<\/strong><\/span><\/p>\n<ol>\n<li><strong>January<\/strong>: $1,166,000<\/li>\n<li><strong> February<\/strong>: $1,169,000<\/li>\n<li><strong> March<\/strong>: $1,179,500<\/li>\n<li><strong> April<\/strong>: $1,219,600<\/li>\n<li><strong> May<\/strong>: $1,261,700<\/li>\n<li><strong> June<\/strong>: $1,284,200<\/li>\n<li><strong> July<\/strong>: $1,307,400<\/li>\n<li><strong> August<\/strong>: $1,310,600<\/li>\n<li><strong> September<\/strong>: $1,297,200<\/li>\n<li><strong>October<\/strong>: $1,280,100<\/li>\n<\/ol>\n<h3 style=\"text-align: center;\"><span>&bull;&bull;&bull; <\/span><\/p>\n<\/h3>\n<h3><strong>Townhouse Market Update:<\/strong><\/h3>\n<ol>\n<li style=\"text-align: left;\">After seeing an $11,400 benchmark increase in September the townhouse benchmark price has decreased $3,500 in the last 30-days.<\/li>\n<li style=\"text-align: left;\">Since a 2023 peak in June the benchmark price has fluctuated minorly. October&#8217;s benchmark is only $13,700 below June.<\/li>\n<li style=\"text-align: left;\">The last peak for the townhouse market was in March 2022 at $903,000. October&#8217;s benchmark is still $131,700 below the last peak.<\/li>\n<li style=\"text-align: left;\">The October benchmark price is $41,700 above October 2022.<\/li>\n<\/ol>\n<p style=\"text-align: center;\"><strong>Has the townhouse market topped out below $800,000&#8230;or will November see a return to the pricing increases seen in the first half of 2023?<\/strong><\/p>\n<p><span style=\"text-decoration: underline;\"><strong>Townhouse Benchmark Pricing:<\/strong><\/span><\/p>\n<ol>\n<li><strong>January<\/strong>: $699,000<\/li>\n<li><strong> February<\/strong>: $723,600<\/li>\n<li><strong> March<\/strong>: $731,700<\/li>\n<li><strong> April<\/strong>: $747,000<\/li>\n<li><strong> May<\/strong>: $768,100<\/li>\n<li><strong> June<\/strong>: $785,000<\/li>\n<li><strong> July<\/strong>: $769,300<\/li>\n<li><strong> August<\/strong>: $763,400<\/li>\n<li><strong> September<\/strong>: $774,800<\/li>\n<li><strong>October: <\/strong>$771,300<\/li>\n<\/ol>\n<p style=\"text-align: left;\"><strong><strong><br \/> <\/strong><\/strong><\/p>\n<h3 style=\"text-align: center;\"><span>&bull;&bull;&bull; <\/span><\/h3>\n<p style=\"text-align: left;\"><strong>&nbsp;<\/strong><\/p>\n<pre><strong>&nbsp;<img decoding=\"async\" style=\"display: block; margin-left: auto; margin-right: auto;\" title=\"maple ridge market update\" src=\"https:\/\/rodrhearyan.com\/blog\/wp-content\/uploads\/2026\/04\/maple_ridge_market_update.jpg\" alt=\"maple ridge market update\" width=\"750\" \/><\/strong><br \/><br \/><\/pre>\n<h3 style=\"margin-bottom: 0cm; text-align: center;\"><a href=\"https:\/\/www.rodrhearyan.com\/about-us\"><strong><span style=\"font-size: 12px;\">Your Neighbourhood Experts<\/span><\/strong><\/a><\/h3>\n<h2 style=\"text-align: center;\">&nbsp;<a href=\"https:\/\/www.rodrhearyan.com\/contact\">Have questions about the Maple Ridge market? Click Here to CONTACT US<\/a><a href=\"https:\/\/www.rodrhearyan.com\/contact\"><br \/><\/a><\/h2>\n<p style=\"text-align: center;\"><img decoding=\"async\" src=\"https:\/\/rodrhearyan.com\/blog\/wp-content\/uploads\/2026\/04\/r3_logo.png\" alt=\"r3 logo\" width=\"100\" \/><\/p>\n<p style=\"text-align: center;\"><strong>We are working to make your life easier.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Maple Ridge Market: October 2023 vs 2022&nbsp; Benchmark price down across the board. &nbsp; Looking for an accurate picture of where the real estate market is &hellip;<\/p>\n","protected":false},"author":2,"featured_media":2256,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-936","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-area-statistics"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/posts\/936","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/comments?post=936"}],"version-history":[{"count":1,"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/posts\/936\/revisions"}],"predecessor-version":[{"id":2871,"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/posts\/936\/revisions\/2871"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/media\/2256"}],"wp:attachment":[{"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/media?parent=936"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/categories?post=936"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/tags?post=936"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}