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 […]
As Fall 2023 is upon us in full swing, it’s time to take a closer look at the data from the third quarter of 2023, alongside a concise summary of the completed third quarter in our Fifth Dimension Metro Vancouver & Fraser Valley report. With the turning of the leaves to brilliant reds, yellows and […]
The Vancouver real estate market’s journey towards stabilization amid higher borrowing costs signifies a shift in the dynamics that have driven prices upward for years. While it’s challenging to predict exactly how the market will evolve, understanding the factors and staying informed can help buyers and sellers make informed decisions in this evolving landscape. Consulting […]
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. […]
With the summer season in full swing, it’s time to take a closer look at the data from the second quarter of 2023, alongside a concise summary of the completed second quarter in our Fifth Dimension Metro Vancouver & Fraser Valley report. We start this summer edition of the Fifth Dimension grateful to those who […]
September Sales Trends In September, sales initially slowed due to the back-to-school rush but rebounded in the latter half of the month. As expected, sales declined compared to August across all product categories. However, compared to September 2022, sales increased by 18 to 24 percent across all product types. This indicates that despite interest rate […]
With files from Mission City Record
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 […]