News

May Market Update

Posted on Jun 03, 2023



May Market Update

More sellers and listings are bringing inventory up and we are celebrating the increase of options for buyers. The spring rush of activity (although slightly delayed) has arrived and the market continues to buzz with movement. Homes are moving faster than the previous few months due to a healthy demand from buyers, and competition...

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April Market Update

Posted on May 05, 2023


 Market Update!We are seeing signs of a very active spring market as April rolls into May.Lots of buyers and limited supply are creating a seller's market. We do expect more homes to come on the market soon as we are seeing more homeowners choosing to list after keeping a careful eye on interest rate hikes and prices over the last few months. We ar...

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March Market Update

Posted on Apr 01, 2023



“After months of uncertainty made it difficult for buyers and sellers to re-enter the housing market, we may well be seeing a turning point. The pause in rate hikes has helped to restore a much-needed sense of predictability, which is building consumer confidence. As a result, we’re starting to see more traffic at open houses along with more multip...

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February Market Update

Posted on Mar 04, 2023


Sales are picking up slowly and steadily as we head into the spring season. Prices are still on average about 36% higher than pre-pandemic levels, but are now holding relatively steady since coming down off their peak in April 2022. Overall we are seeing a balanced market, however the townhome market has shifted again to a seller's market due to th...

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December Market Update

Posted on Jan 01, 2023


Market Update ➡️➡️➡️ 2022 wrapped up with a very different market than what it started with!
With interest and mortgage rates softening demand, the number of sales in December were less than half of what they were last Christmas. With double the inventory that was available last December, we are finding ourselves in what the industry would call a "balance...

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November Market Update

Posted on Dec 01, 2022


November Market Update!
As the housing market slows down due to the holiday season and interest rate hikes, there is still good news for those looking to buy in the near future.
Townhome and condo prices in the Fraser Valley are still higher than this time last year, but single family detached homes are down approximately 6.5% from the same time. If...

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