RCMP say it started Wednesday afternoon with what was a consensual fight between two people, but escalated to assault when a third person stepped in and stabbed one of the combatants with a knife.
Mounties called for a police dog when the suspect took off.
He was found and arrested a short distance away.
The 44-year-old is due in a Chilliwack court Thursday.
Police say the victim was taken to hospital with injuries that aren't life threatening.