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May 2024 – Fraser Valley Real Estate Market Snapshot

May Anticipation In May, many people were waiting to see what would happen with interest rates in early June. This anticipation led to a drop in overall sales absorptions, which were down 11 to 17 percent compared to May 2023. While multi-family product sales decreased moderately month-to-month, single-family absorptions surprisingly increased by 15% compared to […]

Your Dream Lifestyle at Scale in Langley City

April 2024 – Fraser Valley Real Estate Market Snapshot

APRIL SHOWERS…WILL IT BRING MAY FLOWERS? In April, sales absorptions increased for all home types compared to March. Single-family homes, the most expensive type, saw the smallest increase. Year-to-date numbers reveal sales declines in single-family homes and condominiums, but a slight increase in townhomes. Inventory has risen significantly across all home types. Despite more supply, […]

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 February Market Activity In February, the Fraser Valley resale market saw a rise in sales activity, values, and inventory compared to both the previous month and the same month last year. Some buyers are cautiously re-entering the market due to promising inflation […]

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 […]

Hassle-Free Lifestyle with Strata Living in Oakley Willoughby

Introducing Oakley Willoughby: A New Phase in Strata Living We’re thrilled to introduce the next phase of Oakley Willoughby: 16 single-family strata homes that offer a low-maintenance lifestyle. Say goodbye to the hassles of extensive upkeep; Oakley Willoughby homes are designed with easy-to-care-for exteriors and landscaping. Embrace the comfort of a tight-knit community where you […]

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. […]

September 2023 – Fraser Valley Real Estate Market Snapshot

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 […]