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March 2022 – Fraser Valley Real Estate Market Snapshot

Normalization, Beware the Ides of March March 2022 has brought a lot with it. It came in like a lion, however, has not gone out like a lamb. With civil unrest in Europe, rapid inflation, increasing interest rates and of course government intervention (on the wrong issues per usual) are making us all wonder where […]

February 2022 – Fraser Valley Real Estate Market Snapshot

A Leveling Market, Rising Interest Rates and the rise of Pre-Sale Opportunities While reviewing the February MLS statistics, our market is clearly beginning to level off and become more balanced. With inventory up in all sectors in comparison to last month. When we are comparing inventory by sector to February 2021 both townhomes and single-family […]

THE FIFTH DIMENSION WINTER 2022 EDITION

We are pleased to present this Winter edition of the Fifth Dimension. This edition highlights the all-time record-setting Fourth Quarter and overall year that was 2021. Fifth Avenue Real Estate Marketing Limited and Vancouver-based Baker West Real Estate Incorporated, are an integral part of an ever-growing ecosystem of premium real estate services companies operating throughout […]

January 2022 – Fraser Valley Real Estate Market Snapshot

Let the Balancing Acts Begin.  Looking at the January data it is clear the Fraser Valley real estate market is beginning to balance.  Changes in the market typically begin with the single-family product type then trickle down to townhomes, and finally to condominiums. The single-family supply, prices and sales seem to be reaching an equilibrium […]

Multires Demand to Drive B.C. Market, as Lower Mainland Exodus Looms

On the heels of record levels of new and pre-owned housing deals last year, B.C.’s residential real estate market is poised for more of the same in 2022. We can expect the coming months to include exacerbated affordability challenges brought on by inflation and continued escalating prices in the face of constrained multifamily supply. In […]

December 2021 – Fraser Valley Real Estate Market Snapshot

And Just like that, December Ends with A Bang December is typically the slowest month of the year in real estate sales, and this year we did see a slow in the number of sales compared to the month November and even compared to December 2020. However, there was a significant decrease in available inventory […]

October 2021 – Fraser Valley Real Estate Market Snapshot

October’s Real Estate Statistics show that we are still in a seller’s market still, with sales numbers up or slightly down based on the reduction of Inventory Levels.     The total available inventory numbers in each product type are down compared with the month before and down even further when compared to the year prior. […]

THE FIFTH DIMENSION 2021 SUMMER EDITION

Summertime and the living is… supposedly. It’s still so busy. On the heels of two record-setting quarters, the new multifamily market in Metro Vancouver is as hot as the summer temperatures. The story outlined in this Summer Edition of the Fifth Dimension is a summer sales blockbuster. The teams at Fifth Avenue Real Estate Marketing […]

Urban Living in Port Coquitlam with Estella

Live life at your own pace in vibrant Port Coquitlam with radiant living at Estella. Estella redefines the urban living experience in Port Coquitlam. An exclusive collection of contemporary 1 bed + den, 2 bed, and 2 bed + den homes. Offering the charm of a walkable lifestyle, Estella is in the centre of verdant […]

2021 Stress Test

On June 1st, 2021, the province of British Columbia introduced a new stress test to prospective home buyers. The stress test was initially introduced in 2017 in hopes to cool down the market after the influx of sales we saw in 2016. As for 2021, the rate has now increased. The stress test essentially affects […]