January 2021

2020 in review – a market like no other

Posted on Jan 25, 2021

From a drizzle to a torrential downpour in six months – Fraser Valley’s market in 2020 did exactly what no one expected. Least of all REALTORS®.

Home sales started to rebound from the lockdown in the summer and culminated in the strongest December in the history of the Board.

Here’s Board President, Chris Shields, with a market recap for last month a...

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Why did our market take off during a global pandemic?

Posted on Jan 22, 2021

We were fortunate to get exclusive, in-depth market intelligence – specific to our Fraser Valley region – from BCREA’s Brendon Ogmundson.

He details: What happened in Fraser Valley’s market last year, and answers the million-dollar question, can it sustain in 2021?

This is part one of two with the second installment coming in next week’s NewsReal. Fi...

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Record-shattering December caps unexpected year in Fraser Valley real estate

Posted on Jan 22, 2021

SURREY, BC – In a year when the real estate market was at a standstill for months due to COVID-19, total annual sales in the Fraser Valley still finished 12.4 per cent above the 10-year average due to unrelenting, pent-up consumer demand during the second half of 2020.In December, the Board’s Multiple Listing Service® (MLS®) processed a staggering...

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