2023 Housing Market Archives - Fifth Avenue REM mediaiqdigital tracking pixel

Vancouver Real Estate Board Predicts Home Price Stabilization Amid Higher Borrowing Costs

The Real Estate Board of Greater Vancouver’s outlook suggests that the city’s housing market is transforming. While it may not be the major slowdown some anticipated, it appears to be moving towards a more stable environment. For buyers and sellers, this shift will require a strategic approach to navigate the changing tides of Metro Vancouver’s […]

Prices for Detached Houses in Toronto, Vancouver, and Fraser Valley Decline in First Half of 2023, Reveals Report

Embracing Change: A Positive Perspective on the July 2023 Real Estate Trends in Metro Vancouver and Fraser Valley

B.C. Releases Watch List of 10 Municipalities Struggling to Meet Housing Targets

With files from the CBC. 

Surging Buyer Confidence in British Columbia Real Estate Market Despite Supply Shortages and Price Escalation

The British Columbia real estate market has seen a remarkable surge in buyer confidence and activity, despite ongoing supply shortages and escalating prices. This unexpected trend can be attributed to pent-up demand, as buyers eagerly enter the market to seize opportunities. However, affordability concerns persist, especially for first-time homebuyers. The market’s positive momentum, with increased […]

Momentum continues to build in the Fraser Valley real estate market

MLS® HPI Benchmark Price Activity Single Family Detached: At $1,390,600 the Benchmark price for an FVREB single-family detached home increased 1.9 per cent compared to February 2023 and decreased 21.7 per cent compared to March 2022. Townhomes: At $794,400, the Benchmark price for an FVREB townhome increased 2.3 per cent compared to February 2023 and decreased 14.5 […]

Signs of Stability in Fraser Valley Create Opportunities for Home Buyers and Sellers

House prices in the Fraser Valley posted a slight but positive bump in February after nearly a year of month-over-month decreases. Similarly, sales, though still trending lower than normal, also recorded their first monthly gain since October. The Fraser Valley Real Estate Board (FVREB) processed 898 sales on its Multiple Listing Service® in February, an […]