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Low supply continues to impact home pricing in the Fraser Valley: Sales increasing despite rate hikes
July 5, 2023
SURREY, BC – The Fraser Valley real estate market saw strong sales activity in June with levels on par with the 10-year average for the month, amid on-going challenges with supply. In June, the Fraser Valley Real Estate Board (FVREB) processed 1,935 sales on its Multiple Listing Service® (MLS®), an ...
Continue Reading2023 Canadian First-time Homebuyer Survey
June 23, 2023
Home Ownership Remains A Priority According to the survey, 35 per cent of first-time homebuyers nationwide say they received financial assistance in a lump sum payment from their parents or relatives toward the purchase of a home. Meanwhile, a quarter of first-time buyers … MORE ...
Continue ReadingGreater Vancouver Real Estate is Surpassing Expectations with Impressive Price Gains and Revitalized Market Activity
June 6, 2023
REBGV Market Activity – May 2023 The Greater Vancouver housing market continued its upward trajectory in May, exhibiting a remarkable recovery. The average home sales achieved an impressive price of $1,311,894, marking the first month of 2023 where the average sale price has surpassed the previous year’s figures. This notable ...
Continue ReadingSpring sales hold steady in Fraser Valley real estate market
May 2, 2023
SURREY, BC — Despite persistent inventory shortfalls, housing sales in the Fraser Valley remained steady in April as buyers took advantage of the continued pause in interest rate hikes. In April, the Fraser Valley Real Estate Board (FVREB) processed 1,554 sales on its Multiple Listing Service® (MLS®), virtually unchanged ...
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