Blog
Seasonality, 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 ...
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 Reading