Categories for News

October Market Data & Eye on the Market

Home sales in the Fraser Valley fell for the fourth straight month in October as buyers, sellers, and members alike wait for the cost of borrowing to stabilize. With 970 sales, October 2023 was the ninth slowest in the Fraser Valley in a decade — down 11.8 per cent from ...

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Canadians are combining their buying power and co-owning homes with family and friends to combat unaffordability

  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 ...

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Seasonality, interest rates temper sales in the Fraser Valley

  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 ...

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Low supply continues to impact home pricing in the Fraser Valley: Sales increasing despite rate hikes

  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 ...

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