May brings much-needed lift to Fraser Valley housing market

2025-06-03T07:21:29-08:00June 3rd, 2025|Statistics|

SURREY, BC – On the heels of a quiet April, Fraser Valley home sales saw a modest but encouraging uptick in May — a sign that buyer confidence may slowly be returning to the market.   The Fraser Valley Real Estate Board recorded 1,183 sales on its Multiple Listing Service® (MLS®) in May, up 13 [...]

Abundant listings and stable prices not enough to drive April sales in the Fraser Valley

2025-05-02T07:48:37-08:00May 2nd, 2025|Statistics|

SURREY, BC – Home buyers in the Fraser Valley are enjoying a selection of homes for sale not seen in more than a decade. The growing inventory of more than 10,000 active listings means, in many cases, that buyers have time, selection and price negotiation on their side. “There’s definitely a surge of activity [...]

Tariffs, economic uncertainty stall spring market in the Fraser Valley

2025-04-02T07:25:46-08:00April 2nd, 2025|Statistics|

SURREY, BC – March home sales in the Fraser Valley remained nearly 50 per cent below the 10-year average — making for the slowest start to the spring market in more than 15 years. The Fraser Valley Real Estate Board recorded 1,036 sales in March, up 13 per cent from February, but still 26 [...]

New listings at 10-year high in 2024, but affordability still the elephant in the room in Fraser Valley

2025-01-06T09:32:43-08:00January 6th, 2025|Statistics|

SURREY, BC – Bank of Canada interest rate cuts that began mid-year were not enough to ease the affordability crisis for many home buyers in the Fraser Valley in 2024, leading to a decline in annual sales. The Fraser Valley Real Estate Board reported new listings of 35,698 for the year ended December 31, [...]

Fraser Valley home sales returning to seasonal norms in November after October surge

2024-12-03T09:38:46-08:00December 3rd, 2024|Statistics|

SURREY, BC – Following a healthy boost in sales in October, Fraser Valley home sales dropped in November as slower seasonal buying trends set in amid balanced market conditions. The Fraser Valley Real Estate Board recorded 1,136 sales in November, down 15 per cent from October, but 28 per cent above November 2023 sales. “Buying [...]

Rising home sales a sign of market shift in the Fraser Valley?

2024-11-04T10:19:15-08:00November 4th, 2024|Statistics|

SURREY, BC — Home sales in the Fraser Valley increased for the first time in five months following a sizable interest rate cut by the Bank of Canada in October. The Fraser Valley Real Estate Board recorded 1,330 sales in October, up 35 per cent from September, and 37 per cent year-over-year. “After waiting [...]

Sluggish sales and rising inventories see Fraser Valley moving toward a buyer’s market

2024-10-02T08:33:01-08:00October 2nd, 2024|Statistics|

SURREY, BC — With active inventories hitting levels not seen in 10 years and sales 30 per cent below the 10-year average, Fraser Valley real estate is building towards a buyer’s market if sales continue to lag.The Fraser Valley Real Estate Board recorded 982 sales in September, down by eight per cent over August and [...]

Two rate cuts not enough to ignite summer home sales in the Fraser Valley

2024-09-04T09:15:10-08:00September 4th, 2024|Statistics|

SURREY, BC – The Fraser Valley residential resale market slowed again in August, as homebuyers continue to face affordability challenges. The Fraser Valley Real Estate Board recorded 1,067 sales in August, down by 13 per cent over last month and by 30 per cent over the 10-year seasonal average. August sales were the second slowest [...]

Cool summer market persists in Fraser Valley with second slowest July sales in a decade

2024-08-02T12:57:52-08:00August 2nd, 2024|Statistics|

SURREY, BC – Sluggish seasonally-adjusted sales and a continued rise in inventory has the Fraser Valley market slowly shifting to favour buyers. The Fraser Valley Real Estate Board recorded 1,230 sales in July, down by seven per cent over last month and down by 26 per cent over the 10-year seasonal average. Inventory levels in [...]

Fraser Valley home sales fall despite Bank of Canada rate cut

2024-07-03T08:18:51-08:00July 3rd, 2024|Statistics|

SURREY, BC –The policy rate cut of 25 basis points by the Bank of Canada on June 5 was not enough to rally home sales in the Fraser Valley last month. The Fraser Valley Real Estate Board recorded 1,317 sales in June, down by 13 per cent over last month and by more than [...]

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