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Momentum continues to build in the Fraser Valley real estate market
April 5, 2023
SURREY, BC — March 2023 saw the second consecutive month of growth in sales in the Fraser Valley, and although still below seasonal norms, the trend is an encouraging sign that the region continues to head towards increased market stability. At 1,550, property sales posted on the FVREB’s Multiple ...
Continue ReadingSigns of stability in Fraser Valley create opportunities for home buyers and sellers
March 2, 2023
SURREY, BC — House prices in the Fraser Valley posted a slight but positive bump in February after nearly a year of month-over-month decreases. Similarly, sales, though still trending lower than normal, also recorded their first monthly gain since October. The Fraser Valley Real Estate Board (FVREB) processed 898 sales ...
Continue ReadingLagging Inventory Builds Demand as Bank of Canada Signals Hold on Interest Rates
February 14, 2023
REBGV Market Activity – January 2023 The current housing market in Greater Vancouver presents a timely opportunity for astute buyers. As interest rates have risen over the past year, the average home price has experienced downward pressure, leading to a decrease in the average cost of housing and the potential to build equity ...
Continue ReadingFraser Valley real estate sales record slowest annual start in ten years; January new listings lowest in over thirty years
February 2, 2023
SURREY, BC — The downward trend in Fraser Valley real estate sales continued in January as further interest rate hikes kept buyers sidelined. With 626 transactions processed on the MLS®, sales were off by 12.6 per cent compared to last month and down by 52.2 per cent compared to ...
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