Read The Fifth Dimension Spring Edition 2023 report in full here.

Industry watchers are unanimous, Metro Vancouver’s long overheated market is finally showing signs of cooling ever so slightly. And as the frenzy of bidding wars that saw properties sell in mere days for 15 or 20 percent over asking is abating, many developers are reintroducing a past staple of new home marketing — buyer incentives. […]

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 […]

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 […]

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 […]