FRASER VALLEY NEWS
Rising home sales a sign of market shift in the Fraser Valley?
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 [...]
Sluggish sales and rising inventories see Fraser Valley moving toward a buyer’s market
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 [...]
Two rate cuts not enough to ignite summer home sales in the Fraser Valley
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 [...]
Cool summer market persists in Fraser Valley with second slowest July sales in a decade
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 [...]
Fraser Valley home sales fall despite Bank of Canada rate cut
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 [...]
Spring inventory continues to build in the Fraser Valley to levels not seen in nearly five years
SURREY, BC – Slower seasonal sales helped build inventory to its highest level since September 2019 in the Fraser Valley in May, creating more balanced market conditions for home buyers and sellers. The increase [...]
Modest increase in April home sales in the Fraser Valley takes lead from cooler spring weather
SURREY, BC – Supply of available homes in the Fraser Valley market continued to build last month, however buyers remained relatively hesitant, leading to a cooler resale market in April. The Fraser Valley Real [...]
March home sales growth off last month’s pace, but supply still building in the Fraser Valley
SURREY, BC –Home buyers in the Fraser Valley have more choice heading into the spring market with inventory levels for March at the highest they’ve been in the past five years. However, March sales [...]
Save the Date: 2024 FVREB Golf Tournament Set for September 5
Mark your calendars for Thursday, September 5, and plan to attend one of the most exciting Board events of the year! Join us for the 2024 FVREB Golf Tournament, set against the lush and [...]