November Market Update
Posted on Dec 11, 2023
Overall the market is less intense than we are used to in Greater Vancouver. That being said, the more affordable options for first time buyers and detached properties that work well for co-buys and multi-generational living are snapped up quickly and often see multiple offers if they are well priced. If your 2024 plans include buying or selling I...
October Market Update
Posted on Nov 03, 2023
Selling prices continue to adjust to where Buyers are willing to step in. Those who have their finances in good order can leverage their position and make a good transition, up or down. Banks are very cautious with lending these days so it can be challenging for those entering the Fraser Valley market. With informed advice, patience, and perseveran...September Market Update
Posted on Nov 03, 2023
For Buyers, we finally have less pressure. Typically options to pick from, negotiable prices, and flexible terms. For Sellers, best to polish your diamond well and price sharp to achieve your goals.Summarized by Narinder Bains,
“With inventory levels continuing on a slow and steady rise, together with slow sales, what we are seeing is a more balanc...August Market Update
Posted on Nov 03, 2023
August Market Update summary with Narinder Bains. “Many buyers are in “watchful waiting” mode as they hold off on decisions in anticipation of potential further rate changes,” said Narinder Bains, Chair of the Fraser Valley Real Estate Board. “With prices relatively stable and active inventory on the rise, we hope to see more new listings come on st...
July Market Update
Posted on Aug 04, 2023
This statement from Narinder, chair of the FVREB, sums up well what we've been seeing over the last month...
“Summer is typically a slower period for the real estate sector and the higher interest rates are contributing to the market slowdown. We’re seeing less traffic and fewer multiple offers as buyers and sellers put a pause on decisions and we e...
June Market Update
Posted on Jul 01, 2023
The The last month has shown us that low supply and high demand is still the driving factor behind the hot Fraser Valley housing market.
In spite of rising interest rates and prices continuing to climb, buyers are not showing signs of slowing down. We are still seeing multiple offers on the most sought after homes, and homes of many different sizes a...