FRASER VALLEY NEWS
Mirroring the weather, Fraser Valley’s hot housing market cooled slightly in June going from a boil to a simmer
SURREY, BC – Sales on the Fraser Valley Real Estate Board’s Multiple Listing Service® (MLS®) remained robust in June however, for the first time since last September, monthly sales did not break a historical [...]
VIDEO: Our record-breaking sales streak continued in May, but there are signs change is underway
Another month. Another property sales record for the Fraser Valley. But, as Larry Anderson points out in May’s ‘Eye on the Market’, there are definitive signs that changes in the market are already underway. Hint: [...]
REALTORS® and journalists have more in common than you think…
How so, you ask?Well, let me tell you how. You see, for over two decades now, the influence of our traditional mainstream media – what we call print, radio, and TV – has been [...]
Near record-breaking new listings in the Fraser Valley not enough to match insatiable buyer demand
SURREY, BC – Fraser Valley’s extraordinary pandemic real estate market continued to break sales records – for the ninth consecutive month – while at the same time, reaching near-historic levels of new listings in May. [...]
COVID-19 – Does BC’s Restart Plan Mean We’re Back to Business as Usual?
by Baldev S. Gill, Chief Executive Officer Today’s eMemo contains the following updates: Making the most of virtual open houses Dear Members, The announcement of BC’s Restart Plan last week brought with it much excitement [...]
COVID-19 – Clarification on the Provincial Restart Plan to Safely Bring People Back Together
by Baldev S. Gill, Chief Executive Officer Today’s eMemo contains the following updates: Clarification on the Provincial Restart Plan to Safely Bring People Back Together Announced on Tuesday, May 25, 2021 Dear Members, As many [...]
Reminder: Homeowners now need to apply to the provincial government for the Home Owner Grant
This is a good time to remind clients that Home Owner Grant applications are no longer being processed by municipalities. Starting this year, the provincial government will be administering the provincial program.The Home Owner [...]
Confirmed: A little harder to buy a house effective June 1st
As anticipated, Canada’s banking watchdog, the Office of the Superintendent of Financial Institutions (OSFI), confirmed on May 20th that the mortgage stress test for those with uninsured mortgages will increase from 4.79% to 5.25% on [...]
How to prove to your sellers the market is changing
You know, but how do you convince your sellers?We’re hearing anecdotally from REALTORS® that the market is shifting. Demand remains very high for certain property types in a number of locations, but as more [...]