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Positive start to fall market; new listings increase, sales soften

2021-10-04T08:14:35-08:00October 4th, 2021|Statistics|

SURREY, BC – Demand for Fraser Valley real estate remained robust in September. While overall sales decreased compared to August, total sales reached the second‐highest levels for the month of September in the 100‐year history of the Board. The Board processed a total of 1,866 property sales on its Multiple Listing Service® (MLS®) in [...]

FVREB Exclusive: No market correction on horizon; prices and sales to stabilize in 2022

2021-10-01T15:03:06-08:00October 1st, 2021|Statistics|

By Bryan Yu, Central 1 Chief Economist As Fraser Valley REALTORS® are aware, your region, along with Metro Vancouver as a whole, has experienced robust demand for housing for much of the past year. The drivers have been well established. A combination of sharp mortgage rate declines and a pandemic shift in household needs propelled [...]

COVID-19 – Vaccine FAQs

2022-01-21T13:53:03-08:00September 10th, 2021|Community, COVID-19 Updates|

By Baldev S. Gill, Chief Executive Officer Today’s eMemo contains the following updates: Vaccine FAQs To further assist and support you in your effort to guide, advise and protect your clients through the homebuying and selling process, CREA has put together a list of Frequently Asked Questions (FAQs) for your use. Please note that [...]

BC Vaccine Card Program details announced to take effect September 13, 2021

2022-01-21T13:57:44-08:00September 9th, 2021|COVID-19 Updates|

By Baldev Gill, Chief Executive Officer Today’s eMemo contains the following updates: Provincial Vaccine Card Program details and requirements Dear members, Earlier this week, Premier John Horgan, Provincial Health Officer Dr. Bonnie Henry and Provincial Health Minister Adrian Dix released additional details regarding the B.C. Vaccine Card Program, which was first introduced a few [...]

A market of extremes: near record sales in August combined with lowest supply in four decades

2021-09-01T15:22:40-08:00September 2nd, 2021|Statistics|

SURREY, BC – Demand for Fraser Valley real estate remained elevated in August reaching the second highest sales ever for the month against a backdrop of decreasing supply. The Board processed a total of 2,087 property sales on its Multiple Listing Service® (MLS®) in August, an increase of 4.0 per cent compared to July [...]

September 30, 2021, Office Closure National Day for Truth and Reconciliation

2021-09-09T14:33:02-08:00August 31st, 2021|Announcements|

by Rock Lefebvre, Chief Operating Officer Today’s eMemo contains the following updates: Bill C-5 recognizes September 30 of every year as a federal statutory holiday called the National Day for Truth and Reconciliation Clients of yours having a scheduled September 30th closing date on a real estate purchase or sale will most likely be required to change [...]

COVID-19 – Masks Mandatory in Public Places Effective August 25, 2021

2022-01-21T13:07:37-08:00August 24th, 2021|Community, COVID-19 Updates|

by Baldev S. Gill, Chief Executive Officer Today’s eMemo contains the following updates: Provincial Health Officer re-introduces mandatory mask order for indoor spaces Effective Wednesday, August 25, 2021, masks must be worn in all indoor public spaces throughout the province to help reduce the transmission of COVID-19.  This new order requires people 12 years of age [...]

VIDEO: Softening of the market; but you wouldn’t know it in this part of the Fraser Valley

2021-08-19T12:00:22-08:00August 19th, 2021|Statistics|

For our July ‘Eye on the Market’, we headed to one of the most famous – and sought-after – communities in the Fraser Valley. Cloverdale is the third largest community within Surrey and is famous for it’s rodeo, railway, and historic charm. As Board President, Larry Anderson, explains, certain housing market trends in Cloverdale reflect [...]

Fraser Valley home sales remained steady in July; lowest supply in forty years

2021-08-12T11:16:18-08:00August 4th, 2021|Statistics|

SURREY, BC – Market activity in the Fraser Valley – both sales and new listings – softened in July, however buyers continued to significantly outnumber sellers resulting in inventory reaching the lowest for the month since 1981. The Board processed a total of 2,006 property sales on its Multiple Listing Service® (MLS®) in July, [...]

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