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March 2024 – Fraser Valley Real Estate Market Snapshot

Unraveling the Real Estate Landscape of Fraser Valley: Recent Shifts and Future Trends As the saying goes, “March entered like a lion and exited like a lamb,” witnessing an overall increase in sales from February in both the single-family and townhome sectors, with the bulk of sales activity occurring early in the month. However, sales […]

February 2024 – Fraser Valley Real Estate Market Snapshot

Unraveling the Real Estate Landscape of Fraser Valley: Recent Shifts and Future Trends Throughout February, the Fraser Valley resale market witnessed a continued uptick in overall sales activity, values, and inventory both month-to-month and year-to-year. While some buyers are cautiously re-entering the market in response to promising inflation data and mounting expectations for interest rate […]

December 2023 – Fraser Valley Real Estate Market Snapshot

That’s A Wrap! The final month of 2023 quietly concluded with the Bank of Canada holding interest rates for a third time in a row. Let’s dive into the statistics and see how the market performed over the final days of last year. With so much uncertainty in the market caused by a combination of […]

November 2023 – Fraser Valley Real Estate Market Snapshot

Mellow November Welcome to Fall 2023, a season of reflection and market analysis in the Fraser Valley region. Let’s delve into the data from the third quarter alongside a concise summary of the market’s performance. Undoubtedly, amidst the prevailing uncertainty, the market has witnessed a decline in sales activity over the third quarter of 2023 […]

October 2023 – Fraser Valley Real Estate Market Snapshot

Blustery October Amidst rising interest rates and an escalating cost of living, recent government announcements unveiling legislation for 2024, dictating property uses, have profoundly impacted the real estate landscape. This endeavor to address the province’s housing supply issues has resulted in a decline in sales across all home product types compared to the prior month. […]

Discover the Future of Home Construction at Grovemont

September 2023 – Fraser Valley Real Estate Market Snapshot

Status Quo September Given the current higher interest rates, which contrast with the exceedingly low rates our population has grown accustomed to over the past decade. With no increase observed in the month of September, home buyers are still in the process of adapting to the new financial landscape. This landscape entails increased mortgage payments. […]

August 2023 – Fraser Valley Real Estate Market Snapshot

August 2023, Summertime Blues On September 7, 2023, the Bank of Canada (BOC) maintained the prime rate at 5%, keeping it unchanged since the last increase in mid-July. Future rate increases appear imminent as the BOC battles inflation, aiming to reach 2.5% by mid-2025. Nevertheless, they have provided Canadian consumers a slight break for the […]

July 2023 – Fraser Valley Real Estate Market Snapshot

July 2023, More Market Uncertainty In mid-July, the Bank of Canada (BOC) raised the prime interest rate to 5% and is hinting at a potential further increase in September. This is happening even though inflation dropped as low as 2.8% after the July increase and then stabilized at 3.3% by August. It seems that interest […]