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Sluggish sales and rising inventories see Fraser Valley moving toward a buyer’s market
October 11, 2024
SURREY, BC — With active inventories hitting levels not seen in 10 years and sales 30 per cent below the 10-year average, Fraser Valley real estate is building towards a buyer’s market if sales continue to lag. The Fraser Valley Real Estate Board recorded 982 sales in September, down ...
Continue ReadingTwo rate cuts not enough to ignite summer home sales in the Fraser Valley
September 4, 2024
SURREY, BC — The Fraser Valley residential resale market slowed again in August, as homebuyers continue to face affordability challenges. The Fraser Valley Real Estate Board recorded 1,067 sales in August, down by 13 per cent over last month and by 30 per cent over the 10-year seasonal average. August ...
Continue ReadingCool summer market persists in Fraser Valley with second slowest July sales in a decade
August 3, 2024
SURREY, BC — Sluggish seasonally-adjusted sales and a continued rise in inventory has the Fraser Valley market slowly shifting to favour buyers. The Fraser Valley Real Estate Board recorded 1,230 sales in July, down by seven per cent over last month and down by 26 per cent over the 10-year seasonal ...
Continue ReadingFraser Valley home sales fall despite Bank of Canada rate cut
July 5, 2024
SURREY, BC — The policy rate cut of 25 basis points by the Bank of Canada on June 5 was not enough to rally home sales in the Fraser Valley last month. The Fraser Valley Real Estate Board recorded 1,317 sales in June, down by 13 per cent over ...
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