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Canadians are combining their buying power and co-owning homes with family and friends to combat unaffordability
September 1, 2023
High property prices, elevated interest rates and the rising cost of living has prompted many Canadians to rethink their lifestyle and housing needs. For some, this means pooling financial resources with other family members and friends in order to gain access to the housing market. By co-owning a property ...
Continue ReadingSeasonality, interest rates temper sales in the Fraser Valley
August 3, 2023
SURREY, BC — After five months of successive increases, real estate sales in the Fraser Valley dropped in response to a combination of continued rising interest rates and the summer sales cycle. The Fraser Valley Real Estate Board processed 1,368 sales in July on its Multiple Listing Service® (MLS®), a ...
Continue ReadingLow 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 ...
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