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 […]

With files from the CBC. 

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 […]

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 […]

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 […]