Monthly sales and new listings in the Fraser Valley continue blistering pace; surge in inventory starting to calm prices

2021-05-06T08:31:14-08:00May 4th, 2021|Statistics|

SURREY, BC – For the eighth consecutive month, Fraser Valley real estate saw record-breaking sales with April topping the previous monthly high set in 2016. The 2020/2021 pandemic seller’s market in the Fraser Valley has now surpassed the previous longest stretch of seven consecutive, record-breaking months, last set in 2015/2016. In April, the Fraser [...]

FVREB Exclusive: Brendon Ogmundson on the impact of proposed mortgage rule changes for BC’s housing market

2021-04-22T13:49:19-08:00April 14th, 2021|Statistics|

The real estate market here – and across the country – has been ablaze. In our region, March marked the seventh month in a row for record-setting sales. One more month and we’ll break the same streak last set in 2015/2016.Home prices are through the roof.The government has been under pressure to cool the market [...]

March shatters monthly sales and new listings records in the Fraser Valley

2021-04-06T08:17:48-08:00April 6th, 2021|Statistics|

SURREY, BC – Fraser Valley real estate hit two historical highs in March, setting records for both sales and new listings processed in one month since the Fraser Valley Real Estate Board’s (FVREB) inception in 1921. In March, the FVREB processed 3,329 residential and commercial sales on its Multiple Listing Service® (MLS®), an increase of [...]

VIDEO: Abbotsford is hot, hot, hot as showcased in this month’s ‘Eye on the Market’

2021-03-15T10:02:41-08:00March 11th, 2021|Statistics|

As members know, interest rates and the pandemic continue to fuel an unrelenting demand for housing across the Fraser Valley. And no where is this more evident than in Abbotsford. The latest MLS® statistics for our largest, eastern-most city are a perfect microcosm of what’s happening Fraser Valley-wide. Homes – in particular, townhomes – are [...]

Another month, another record for property sales in the Fraser Valley

2021-03-01T17:34:55-08:00March 2nd, 2021|Statistics|

SURREY, BC – For the sixth consecutive month, Fraser Valley’s real estate market experienced property sales at levels never seen before in the 100-year history of the Fraser Valley Real Estate Board (FVREB). In February, the FVREB processed a total of 2,815 sales on its Multiple Listing Service® (MLS®), an increase of 108 per cent [...]

Fraser Valley real estate market full steam ahead in January; another record-setter for property sales

2021-02-02T08:23:34-08:00February 2nd, 2021|Statistics|

SURREY, BC – In a month that is usually one of the quietest in real estate, Fraser Valley’s market continued at a breakneck pace, producing the strongest January sales on record as well as a modest uptick in new listings. The Fraser Valley Real Estate Board processed a total of 1,718 sales of all [...]

FVREB Exclusive: What’s in store for home sales in our region in 2021?

2021-01-19T13:36:09-08:00January 12th, 2021|Statistics|

(Part 2 of 2) As promised, here’s the second installment – for you to share with your clients – of our two-part feature offering in-depth analysis of the Fraser Valley market post-2020 – from one of BC’s foremost economists and our industry’s main resource for housing market intelligence, Brendon Ogmundson. Last issue, Brendon focused on [...]

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