langley homes for sale | Fifth Avenue REM mediaiqdigital tracking pixel

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

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. […]

Discover Langley BC: A Haven of Happiness in British Columbia

What makes a city truly happy? Is it the quality of life, the sense of community, or perhaps the opportunities it presents? In the beautiful province of British Columbia, nestled amidst stunning landscapes, Langley has emerged as a beacon of joy. According to a recent report by point2homes.com, Langley has claimed the esteemed title of […]

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 […]

June 2023 – Fraser Valley Real Estate Market Snapshot

June 2023, Uncertainty In May, we observed signs of overall market improvement, but we also discussed potential changes that could lead to some turmoil. Recently, the Bank of Canada (BOC) raised the prime rate to 5% in mid-July, and there is a possibility of further increases in September. This is happening even though inflation has […]

May 2023 – Fraser Valley Real Estate Market Snapshot

May 2023, Changes Are Brewing While last month clearly had a strong sense of equilibrium, the month of May appears to bring changes to the real estate industry and market from every angle. Last month, the Bank of Canada did not move interest rates for two periods; however, they spoke of potential increases that materialized […]