The cancellation ends all warnings, watches and advisories issued by the River Forecast Centre after recent warm temperatures and heavy rains caused many waterways around B.C. to swell.
The centre says levels of the lower Fraser have been dropping since Saturday and are expected to remain at current levels for most of this week.
However, forecasters warn another cycle of surging water could be on the way.
Heavy rain is expected across much of the Interior, north and southeastern sections of the province through Wednesday.
The River Forecast Centre says it continues to monitor levels in all B.C. rivers, streams and creeks, and will provide updates as conditions warrant.