METRO VANCOUVER

Summer brings out buyers; general price declines; borrowing rates still steady

Summer sunshine has brought home buyers off the sidelines in Metro Vancouver with residential sales shooting up 11% from the previous month. June’s sales total was also a 10% over the same period last year. While the market is still lagging in its full recovery with the current volume still 12% below the 10-year seasonal average, June’s sales data suggested all property types fared well with the increased demand, auguring an optimistic outlook for a sustained upward trend in sales. However, new listings last month, while still strong with almost 6,000 across all property types, were a slight dip of close to 3% from the preceding month, prompting a question about this side of the sustainability trend. With June new listings down 6% from the same period last year, and 5.9% below the 10-year seasonal average, market watchers will be keeping an eye on the Metro Vancouver’s inventory going forward. At the end of June, the total supply of available homes across all property types was 17,017, a 3.1% decrease from the same month last year, although a robust 30.2% above the 10-year seasonal average. In the event of continued rising demand and diminishing new listings, home prices could respond to the basic supply and demand pressure, although for the past month continued to see the general price decline, with a few exceptions, across the market. It was good news for home buyers to hear the Bank of Canada’s announcement one week ago that it was holding steady at 2.25% on its key policy rate, where it has remained since December 2025. It was widely seen as a response to Canada’s economy that had contracted unexpectedly by 0.1% in the first quarter of this year, far below the Bank’s prediction of 1.5% growth made last April. However, with the resumption of hostilities in the Persian Gulf, rising oil prices can still put inflationary pressure on the Canadian economy. Canada’s best commercial mortgages at the time of this writing  were 4.09% and 3.94% for five-year fixed and 3.40% five-year variable mortgages. The composite benchmark price for residential property in Metro Vancouver at the end of June was $1,027,900, a decline of 0.1% from the preceding month.

Please review my monthly selection below of comparative benchmarks across Metro Vancouver for the past month. For each property type, you will find an overall benchmark price surrounded by the three closest average prices on each side of the benchmark average. The month-over-month price change is typically a reflection of the relative market activity in the neighborhood. Remember that benchmarks are averages, and a particular actual price may be a better fit for your budget. If you are interested in exploring any specific area, please let me know. I can provide you with the most up-to-date information on current listings. And if you are considering selling your home, I can prepare a Customized Market Analysis for your property and advise you on the optimal listing price is the current market conditions.  Pleas feel free to call. I love to help my clients in any way I can. 

Detached homes

The benchmark price for a single-family detached home in Metro Vancouver at the end of June was $1,842,900, a decrease of 0.3% from the preceding month. The range of this average extended from $3,042,100 in Vancouver West to $851,200 on the Sunshine Coast. The three municipalities closest to the benchmark on the higher side of the average were: Burnaby North $1,868,900, a decrease of 0.9% from the preceding month; Richmond at $1,933,900, a decrease of 1.4% from the preceding month; and Port Moody at $1,947,300, a decrease of 0.4% from the preceding month. The three municipalities closest to the benchmark on the lower side of the average were: Burnaby East at $1,771,000, a decrease of 1.3% from the preceding month; Squamish at $1,705,300, a decrease of 0.3% from the preceding month; and Vancouver East at $1,659,400, a decrease 1.3% from the preceding month.

Townhouses

The benchmark price for a townhouse in Metro Vancouver at the end of June was $1,046,200, a decrease of 0.2% from the preceding month. The range of this average extended from $1,690,300 in Whistler to $743,600 on Sunshine Coast. The three municipalities closest to the benchmark on the higher side of the average were: Vancouver East at $1,054,900, a decrease of 1.1% from the preceding month; North Vancouver at 1,259,600, a decrease of 1.9% from the preceding month; and Vancouver West at $1,351,600, an increase of 1.5% from the preceding month. The three municipalities closest to the benchmark on the lower side of the average were: Richmond at $1,025,100, an increase of 0.1% from the preceding month; Coquitlam at $1,016,200, a decrease of 0.7% from the preceding month; and Squamish at $1,005,600, a decrease of 1.1% from the preceding month.

Condominiums           

The benchmark price for a condominium in Metro Vancouver at the end of June was $695,200, a decrease of 0.4% from the preceding month. The range of this average extended from $1,046,900 in West Vancouver to $424,200 on the Sunshine Coast. The three municipalities closest to the benchmark on the higher side of the average were:  Port Moody at $698,300, a decrease of 0.7% from the preceding month; Burnaby East at $709,200, a decrease of 2.0% from the preceding month; and Burnaby South at $739,100, a decrease of 0.6% from the preceding month. The three municipalities closest to the benchmark on the lower side of the average were: Burnaby North at $678,700, a decrease of 1.5% from the preceding month; Coquitlam at $653,900, a decrease 0.5% from preceding month; and Richmond at $649,900, a decrease of 1.7% from the preceding month.

Let me help

There are many ways I can help you with your real estate transactions. Please let me know how I can help in these challenging times. You may need help in managing your home ownership plans, or in adjusting your financial strategy for a home purchase. Perhaps you are thinking of listing your home for sale and want to understand the market to set your asking price. Let me help. I have a post-graduate education in business along with years of experience in both banking and real estate. I am happy to help in any way I can. I want my clients to achieve their goals. Please don’t hesitate to call me.  

FRASER VALLEY

Fraser Valley market flat; robust inventory; reduced prices await buyers

The Fraser Valley residential market activity remained flat in June, showing a slight increase with 1,147 sales for the month, a 2.3% increase over the preceding month. Similarly, new listings remained around the same level as the preceding month, although 9% down from the same period last year. However, the 3,303 homes added to the inventory last month did maintain a robust supply of available homes, with 10,377 active listings across all property types at the end of the month. Unlike the Metro Vancouver market that saw summer bringing out a spike in buyers, the Fraser Valley held many excellent opportunities for buyers, but with few takers. June’s sales-to-active listings ratio for the Valley was 11%, just within buyers’ market territory, but not sufficient to attract a serious uptake on opportune price negotiations at this time. The ample inventory selection is no doubt a factor in the buyer’s advantage at this time, and with the Valley’s continued monthly price declines, it may be the case some prospective buyers are waiting for even better prices in the event they are not feeling pressure to make a purchase. Prospective buyers may also want to consider the Bank of Canada’s policy rate announcement last week which held its key policy rate to 2.25%, where is has been since late last year. This means mortgages should remain in the 4.0% range, but with the conflict in the Persian Gulf heating up again, oil prices still threaten inflationary pressure on the economy. This could result in a rise in fixed term mortgage borrowing costs. But the Fraser Valley has long been a attractive market for young families and first-time home buyers, a market segment that is more price conscious than home owners looking to move up or withdraw equity in long-time residences. In any scenario, the Valley is currently an opportune place to find a home, and with slide in home prices seen for several months, it rates well in affordability as well. At the end of June, the combined benchmark price for residential property in the Fraser Valley$884,800, a 0.9% decline from the preceding month.

In my monthly guide below to comparative benchmark prices, you will find the overall benchmark for each property type across the Valley, with a cluster of the three closest benchmark prices on each side the overall average. Monthly price fluctuations typically reflect the area’s relative sales activity. Remember that benchmarks are averages. If you would like the most up-to-date price listings for any neighbourhood, please give me call.  And if you are considering listing your home for sale, I can prepare a Customized Market Analysis and advise you on the optimal listing price in the current market conditions. Across the Fraser Valley in June, the average number of days to sell a single-family detached home was 37 days, while for a townhome, it was 33 days. Condos took, on average, 38 days to sell.   

Detached Homes

The benchmark price for a detached home in the Fraser Valley at the end of June was $1,350,200, a decrease of 1.2% from the preceding month. The range of the average extended from $1,699,300 in South Surrey/White Rock to $941,700 in Mission. The three municipalities closest to the benchmark on the higher side of the average were: Cloverdale at $1,354,500, a decrease of 1.7% from the preceding month; Langley at $1,494,800 a decrease of 1.8% from the preceding month; and South Surrey/White Rock at $1,696,300, a decrease of 1.8% from the preceding month. The three municipalities closest to the benchmark on the lower side of the average were: Surrey at $1,336,800, a decrease of 1.7% from the preceding month; North Surrey at $1,278,300, an increase of 0.6% from the preceding month; and North Delta at $1,232,700, an increase of 1.9% from the preceding month.

Townhouses

The benchmark price for a townhouse in the Fraser Valley at the end of June was $764,100, a decrease of 0.7% from the preceding month. The range of this average extended from $868,600 in North Delta to $606,500 in Abbotsford. The three municipalities closest to the benchmark on the higher side of the average were: Cloverdale at $768,100, an increase of 0.3% from the preceding month; Langley at $813,200, a decrease of 0.5% from the preceding month; and South Surrey/White Rock at $853,400, a decrease of 1.1% from the preceding month. The three municipalities closest to the benchmark on the lower side of the average were: Surrey at $758,000, a decrease of 0.1% from the preceding month; North Surrey at $692,600, a decrease of 3.7% from the preceding month; and Abbotsford at $606,500, a decrease of 2.3% from the preceding month.

Condominiums

The benchmark price for a condominium in the Fraser Valley at the end of June was $476,400, a decrease of 1.5% from the preceding month. The range of the average was from $560,800 in South Surrey/White Rock to $390,100 in Abbotsford. The three municipalities closest to the benchmark on the higher side of the average were: Surrey at $481,900, a decrease of 1.3% from the preceding month; North Delta at $505,000, an increase of 0.5% from the preceding month; and Cloverdale at $518,600, a decrease of 3.8% from the preceding month. The three municipalities closest to the benchmark on the lower side of the average were: Mission at $422,900, a decrease of 0.8% from the preceding month; North Surrey at $416,400, an increase of 0.3% from the preceding month; and Abbottsford at $390,100, an increase of 1.1% from the preceding month.

I can help

There are many ways I can help you with your real estate transactions. Please let me know how I can help in these challenging times. You may need help in managing your home ownership plans, or in adjusting your financial strategy for a home purchase. Perhaps you are thinking of listing your home for sale and want to understand the market to set your asking price. Let me help. I have a post-graduate education in business along with years of experience in both banking and real estate. I am happy to help in any way I can. I want my clients to achieve their goals. Please don’t hesitate to call me.  

METRO VANCOUVER

Slight sales decline after upward trend; excellent supply; prices steady

Following a three-month upward trend, Metro Vancouver’s residential market reversed course in May with modest declines in both sales and new listings. Total sales for the month were 2,150, a drop of 3.2% from the preceding month, while a total 6,115 new listings was a dip of 8.5% for the same period. On an annul comparison, the two totals are quite close to May 2025 figures, which recorded 2,228 sales and 6,620 new listings. This relative flatness in Metro Vancouver’s market activity for the same months in the past year appears in contrast to the 10-year market comparison, 26.6% below the seasonal average in sales while 1.3% above the seasonal average in new listings. Looking at the May’s sales with a segmented view, however, illustrates there was a significant difference from the overall sales total in the condominium category, which recorded a 7.2% decline on an annual comparison. This was considerably greater than the 0.9% drop in sales of detached homes, and the 1.3% decline in townhouse sales. Despite the decline in new listings, Metro Vancouver was left with a robust inventory at the end of May of 16,917 available homes across all property types. This is 35% above the 10-year seasonal average and offers prospective buyers an excellent choice at this time. Home prices for all property types have remained steady In May and the purchasing climate is currently relaxed and comfortable with the relatively soft demand. The Bank of Canda policy rate announcement is scheduled for today June 10, If, as widely expected, the central bank holds its key rate at 2.25%, mortgage rates in Canada should remain  close to 4.0%. The composite benchmark price for a residential property in Metro Vancouver at the end of May was $1,100,700, a 0.2% increase from the preceding month.  

I invite you to review my monthly guide to benchmark prices in different areas of Metro Vancouver in the section below. For each property type, I have selected the overall benchmark price and a cluster around it of the three closest average prices on each side of the benchmark average. The month-over-month price changes typically reflect the current market activity in a neighborhood. The range of the average is also provided since average prices do not tell the whole story. If you are interested in the actual listed prices of homes in a particular neighbourhood, please don’t hesitate to call me. I can provide you with the most up-to-date listed prices and other information to guide you home purchase decision. And if you are interested in selling your home, I can prepare a Customized Market Analysis for you property and advise you on the optimal asking price in the current market conditions. During the past month of May, the sales-to active listings ratio for detached homes continued below 12% as it has for several consecutive month, constituting a buyer’s market for this property type. A buyer’s market is created when downward pressure on prices drops below 12% for a sustained period.  Prospective buyers may find it advantageous to negotiate prices in this category now. The sales-to-active listings ratio for townhouses in May was by contrast 15.4% and for condominiums 14.2%.  

Detached homes

The benchmark price for a single-family detached home in Metro Vancouver at the end of May was $1,847,900, an increase of 0.4% from the preceding month. The range of this average extended from $3,025,000 in Vancouver West to $841,500 on the Sunshine Coast.  The three municipalities closest to the benchmark on the higher side of the average were: Burnaby North $1,885,100, a decrease of 0.2% from the preceding month; Richmond at $1,939,400, an increase of 0.2% from the preceding month; and Richmond at $1,961,200, a decrease of 0.2% from the preceding month. The three municipalities closest to the benchmark on the lower side of the average were: Squamish at $1,754,900, an increase of 3.7% from the preceding month; Vancouver East at $1,693,700, a decrease 1.5% from the preceding month; and Coquitlam at $1,654,000, an increase of 1.1% from the preceding month. 

Townhouses

The benchmark price for a townhouse in Metro Vancouver at the end of May was $1,048,200, an increase of 0.5% from the preceding month. The range of this average extended from $1,697,300 in Whistler to $727,300 on Sunshine Coast. The three municipalities closest to the benchmark on the higher side of the average were: Vancouver East at $1,067,400, an increase of 0.7% from the preceding month; North Vancouver at 1,283,600, an increase of 0.8% from the preceding month; and Vancouver West at $1,331,700, a decrease of 0.7% from the preceding month. The three municipalities closest to the benchmark on the lower side of the average were: Richmond at $1,024,600, a decrease of 1.1% from the preceding month; Vancouver East at $1,026,200, a decrease of 1.7% from the preceding month; and Coquitlam at $1,023,500, an increase of 1.5% from the preceding month.

Condominiums           

The benchmark price for a condominium in Metro Vancouver at the end of May was $697,800, a decrease of 0.7% from the preceding month. The range of this average extended from $1,015,100 in West Vancouver to $391,600 on the Sunshine Coast. The three municipalities closest to the benchmark on the higher side of the average were:  Port Moody at $703,000, a decrease of 0.1% from the preceding month; Burnaby East at $723,400, a decrease of 0.4% from the preceding month; and Burnaby South at $743,900, a decrease of 1.8% from the preceding month. The three municipalities closest to the benchmark on the lower side of the average were: Burnaby North at $689,200, a decrease of 0.9% from the preceding month; Richmond at $664,800, a decrease 0.3% from preceding month; and Coquitlam at $657,400, a decrease of 1.0% from the preceding month.

Let me help

There are many ways I can help you with your real estate transactions. Please let me know how I can help in these challenging times. You may need help in managing your home ownership plans, or in adjusting your financial strategy for a home purchase. Perhaps you are thinking of listing your home for sale and want to understand the market to set your asking price. Let me help. I have a post-graduate education in business along with years of experience in both banking and real estate. I am happy to help in any way I can. I want my clients to achieve their goals. Please don’t hesitate to call me.  

FRASER VALLEY

Buyer’s market continues; robust inventory; attractive purchase opportunities

Rising slightly in May, home sales in the Fraser Valley managed to sustain their upward trend seen this year, but the increase of 0.5% was considerably less than the double-digit jumps seen in recent months. The Valley’s inventory of available homes has remained plentiful despite a drop in new listings in May, posting a total supply across all property types of 10,140 active listings at the end of the month, well above historical norms. This provides an excellent selection for prospective buyers, most notably for those in the single detached home segment, which continues to see the most home purchases over townhouses and condominiums. Attractive mortgage rates have also continued to remain steady, as a wave of price inflation, still in lag time from the Persian Gulf blockade of oil shipments, could be expected to hit the Canadian economy soon. Canada’s inflation rate is currently around 2.8%, although transportation inflation has risen to 7.6% from 3.7% in March, although the Bank of Canada noted that it had not seen higher energy prices spread into inflation expectations so far. Today, June 10, the Bank of Canada is making its latest policy rate announcement and is widely expected by leading economists to keep it at 2.25% where it has been for the last six months. Ratehub currently posts that the best 5-year variable and 5-year fixed (insured) rates available in Canada are at 3.30% and 3.99% respectively. With global geopolitical conflicts and the impact of US tariffs behind much of the current economic uncertainty, there are still a many potential home buyers, particularly first-time buyers, holding back on purchase decisions. The noted activity in the detached home segment is largely attributable to home owners with existing equity able to sell at this time to purchase larger homes. During the month of May, a single-family Detached home was on the market for an average of 35 days; townhouses for an average of 37 days; and condominiums for an average of 40 days. The Fraser Valley continues in buyers’ market territory with a sales-to-active listings ratio of 11%, making it very attractive for those who are able to withstand possible economic shocks on the horizon. Prices are also declining across all property types, with the combined benchmark price for a residential property in the Fraser Valley at the end of May at $893,300, a 0.7% decrease from the preceding month.

Please review my guide below to benchmark prices in different areas of the Fraser Valley. For each property type I have selected the overall benchmark average and the three closest average prices on each side of the Benchmark. Remember that average prices can conceal an actual price that may be more attractive to your budget. The range of prices for each average will help you make a good guess at this but be sure to contact me if you want the most up-to-date information on the latest listings in any neighbourhood. And if you are considering listing your home for sale, I can create a Customized Market Analysis of your property and advise you on the optimal asking price in the current market conditions. Please feel free to call me. I love to help my clients in any way I can.    

Detached Homes

The benchmark price for a detached home in the Fraser Valley at the end of May was $1,366,500, a decrease of 0.6% from the preceding month. The range of the average extended from $1,727,000 in South Surrey/White Rock to $949,900 in Mission. The three municipalities closest to the benchmark on the higher side of the average were: Cloverdale at $1,378,100, a decrease of 0.3% from the preceding month; Langley at $1,522,700, a decrease of 0.9% from the preceding month; and South Surrey/White Rock at $1,727,000, a decrease of 0.8% from the preceding month. The three municipalities closest to the benchmark on the lower side of the average were: Surrey at $1,356,500, a decrease of 1.3% from the preceding month; North Surrey at $1,270,000, a decrease of 3.2% from the preceding month; and North Delta at $1,255,900, an increase of 1.3% from the preceding month.

Townhouses

The benchmark price for a townhouse in the Fraser Valley at the end of April was $769,500, a decrease of 0.3% from the preceding month. The range of this average extended from $863,100 in South Surrey/White Rock to $620,800 in Abbotsford. The three municipalities closest to the benchmark on the higher side of the average were: Langley at $817,100, a decrease of 0.7% from the preceding month; North Delta at $852,600, a decrease of 3.1% from the preceding month; and South Surrey/White Rock at $863,100, a decrease of 1.7% from the preceding month. The three municipalities closest to the benchmark on the lower side of the average were: Cloverdale at $766,200, a decrease of 0.9% from the preceding month; North Surrey at $718,800, an increase of 2.2% from the preceding month; and Abbotsfard at $620,800, an increase of 1.6% from the preceding month.

Condominiums

The benchmark price for a condominium in the Fraser Valley at the end of May was $483,800, a decrease of 1.5% from the preceding month. The range of the average was from $576,800 in South Surrey/White Rock to $389,000 in Abbotsford. The three municipalities closest to the benchmark on the higher side of the average were: Surrey at $488,100, a decrease of 1.6% from the preceding month; North Delta at $502,300, a decrease of 2.0% from the preceding month; and Cloverdale at $539,000, an increase of 0.1% from the preceding month. The three municipalities closest to the benchmark on the lower side of the average were: Mission at $427,400, a decrease of 0.8% from the preceding month; North Surrey at $416,400, a decrease of 1.6% from the preceding month; and Abbottsford at $389,000, a decrease of 2.8% from the preceding month.

I can help

There are many ways I can help you with your real estate transactions. Please let me know how I can help in these challenging times. You may need help in managing your home ownership plans, or in adjusting your financial strategy for a home purchase. Perhaps you are thinking of listing your home for sale and want to understand the market to set your asking price. Let me help. I have a post-graduate education in business along with years of experience in both banking and real estate. I am happy to help in any way I can. I want my clients to achieve their goals. Please don’t hesitate to call me.  

METRO VANCOUVER

Spring sales continue upward; abundant inventory offers great choices

Metro Vancouver’s residential market in April registered a slight increase of 3.8% in sales over the preceding month, while new listings posted a 15% increase for the same period. The net result in the total inventory was a 9.8% increase, with 16,236 available homes across all property types at the beginning of May. Home shoppers have an excellent range of choices with this abundant supply, which is 38% above the 10-year seasonal average. On an annual comparison, single family detached homes showed the greatest rate of increase last month, increasing 14% with 659 sales in April. While condominium sales for the month surpassed detached homes with a larger total of 1,130, their comparable rate of increase was 11% for the same period. Townhouses followed with fewer sales for a total of 433 for the month, a 5.1% decrease from April last year. While this overall buoyancy in the market was a welcome prelude to the summer season, it remains to be seen if it will be sustained over the coming months as increased buyer hesitancy in the face of threatening inflation from world oil price shock still looms large. Although, the Bank of Canada maintained its policy rate at 2.25% at the end of April, this fourth consecutive rate hold comes amid an ongoing Middle East conflict and the resulting soaring global energy prices. Should geopolitics push up inflation, the central bank could be forced to raise its key rate. Commercial borrowing rate would then also increase. The next scheduled Bank of Canada interest rate announcement is scheduled for June 10. Currently the best 5-year fixed mortgage rates in Canada posted on Ratehub.ca is 4.14% and the best 5-year variable rate mortgage is 3.35%. Remember that when the Bank of Canada rate increases to slow inflation, it directly impacts variable rate mortgages. Fixed rate mortgages, however, are driven by bond yields, which typically rise on expectations of inflation. Home prices in Metro Vancouver continue to inch downwards overall. At the end of April the composite benchmark price for a residential property in Metro Vancouver was $1.098,000, a 0.6% decrease from the preceding month.

In the section below, I have made my monthly selection of comparative benchmark prices in different areas of Metro Vancouver.  For each property type, you will find an overall benchmark price surrounded by the three closest average prices on each side of the benchmark average. The month-over-month price change is typically a reflection of the relative market activity in the neighborhood, Remember, however, that benchmarks are averages, nnd a particular actual price may be a better fit for your budget. If you are interested in exploring any specific area, please let me know. I can provide you with the most up-to-date information on current listings. And if you are considering selling your home, I can prepare a Customized Market Analysis for your property and advise you on the optimal listing price is the current market conditions.  Pleas feel free to call. I love to help my clients in any way I can.  

Detached homes

The benchmark price for a single-family detached home in Metro Vancouver at the end of April was $1,840,700, an increase of 0.8% from the preceding month. The range of this average extended from $2,979,500 in Vancouver West to $820,700 on the Sunshine Coast.  The three municipalities closest to the benchmark on the higher side of the average were: Burnaby North $1,888,200, an increase of1.83% from the preceding month; Port Moody at $1,974,200, a decrease of 2.1% from the preceding month; and Richmond at $1,964,100, a decrease of 0.5% from the preceding month. The three municipalities closest to the benchmark on the lower side of the average were: Burnaby East at $1,780,700, a decrease of 1.9% from the preceding month; Squamish at $1,693,700, a decrease 1.9% from the preceding month; and Vancouver East at $1,681,000, a decrease of 1.1% from the preceding month. 

Townhouses

The benchmark price for a townhouse in Metro Vancouver at the end of April was $1,043,400, a decrease of 0.4% from the preceding month. The range of this average extended from $1,636,900 in Whistler to $724,800 on Sunshine Coast. The three municipalities closest to the benchmark on the higher side of the average were: North Vancouver at $1,273,700, an increase of 1.4% from the preceding month; Vancouver West at 1,340,400, a decrease of 4.0% from the preceding month; and Whistler at $1,636,900, a decrease of 0.9% from the preceding month. The three municipalities closest to the benchmark on the lower side of the average were: Richmond at $1,036,400, an increase of 0.1% from the preceding month; Vancouver East at $1,026,200, a decrease of 1.7% from the preceding month; and Coquitlam at $1,008,100, an increase of 0.1% from the preceding month.

Condominiums           

The benchmark price for a condominium in Metro Vancouver at the end of April was $703,000, a decrease of 0.5% from the preceding month. The range of this average extended from $1,017,300 in West Vancouver to $491,900 in Squamish. The three municipalities closest to the benchmark on the higher side of the average were:  Port Moody at $703,400, an increase of 0.2% from the preceding month; Burnaby East at $726,300, an increase of 0.5% from the preceding month; and Burnaby South at $758,000, a decrease of 0.9% from the preceding month. The three municipalities closest to the benchmark on the lower side of the average were: Burnaby North at $695,500, an increase of 1.1% from the preceding month; Vancouver East at $664,800, a decrease 0.7% from preceding month; and Coquitlam at $664,000, a decrease of 0.6% from the preceding month.

Let me help

There are many ways I can help you with your real estate transactions. Please let me know how I can help in these challenging times. You may need help in managing your home ownership plans, or in adjusting your financial strategy for a home purchase. Perhaps you are thinking of listing your home for sale and want to understand the market to set your asking price. Let me help. I have a post-graduate education in business along with years of experience in both banking and real estate. I am happy to help in any way I can. I want my clients to achieve their goals. Please don’t hesitate to call me.  

FRASER VALLEY

Home sales rise to new annual level; new listings also spurt up; excellent supply  

Fraser Valley home sales continued their Spring burst in April, increasing 11% over March, and for the first time in a year surpassing their annual comparison with a rise of 7.0% over same month in 2025. New listings also spurted, rising 6.0% from March, with 3,549 homes added to the Valley’s inventory. At the end of March, there were 9,916 available homes across all property types, an increase of 7.0% from March and 45% over the 10-year seasonal average. However, even with its elevated activity, the Valley market is still in buyer’s territory, allowing room for some price negotiation in a generally more relaxed purchasing environment. With its abundant supply, the Valley’s home prices are stable at time when affordability is a dominant concern. With the Bank of Canada’s holding its policy rate at the end of April to 2.25%, variable mortgage borrowers still have access to relatively low interest costs, although another wave of inflation threatens from rising energy prices and geopolitical instability. The central bank has warned that it may need to raise its key lending rate later this year as it monitors the inflation horizon, which would also see a rise in variable mortgage interest rates. At present, Ratehub.ca has posted the best 5-year variable mortgage rate at 3.35%, and the best 5-year fixed mortgage rate at 4.14%. Fixed rates may rise earlier since they are driven by bond yields, which rise on investors’ anticipation of inflation. Home prices in each property type across the Fraser Valley saw modest price fluctuations in all regions last month, with the biggest increase being 3.0% for condominiums in White Rock/Surrey and biggest decline being 2.4% for a detached home in North Surrey. At the end of April, the combined benchmark price for residential property in the Fraser Valley was $899,200, a 0.1% increase from the preceding month.    

Please review in the section below my monthly selection of benchmark prices for each property type in different areas of the Fraser Valley. You can use these benchmarks as guide to your home shopping. Each overall benchmark has the three closest average prices on each side of the benchmark price. These prices are the averages for comparable homes located in different neighbourhoods. The monthly price change as shown typically reflects the relative local market activity for the month.  The range of prices is provided to gauge the number of listings that make up the average. But remember, benchmarks prices are averages. If you are interested in exploring actual home prices in a particular neighbourhood, please call me. I can provide the most up-to-date information on listed properties. And if you are thinking of selling you home, I can prepare a Customized Market Analysis for your property and advise you on the optimal listing price in the current market. During the month of April, the average length of time to sell a single-family detached home was 37 days; townhouses on average 32 days; and condominiums on average 42 days.

Detached Homes

The benchmark price for a detached home in the Fraser Valley at the end of April was $1,374,800, a decrease of 0.1% from the preceding month. The range of the average extended from $1,740,600 in South Surrey/White Rock to $929,5000 in Mission. The three municipalities closest to the benchmark on the higher side of the average were: Cloverdale at $1,382,000, a decrease of 0.7% from the preceding month; Langley at $1,526,200, a decrease of 0.9% from the preceding month; and South Surrey/White Rock at $1,740,600, an increase of 1.3% from the preceding month. The three municipalities closest to the benchmark on the lower side of the average were: Surrey at $1,373,800, an increase of 0.2% from the preceding month; North Surrey at $1,311,600, a decrease of 2.4% from the preceding month; and North Delta at $1,239,800, a decrease of 1.0% from the preceding month.

Townhouses

The benchmark price for a townhouse in the Fraser Valley at the end of April was $771,600, a decrease of 0.1% from the preceding month. The range of this average extended from $878,200 in South Surrey/White Rock to $610,900 in Abbotsford. The three municipalities closest to the benchmark on the higher side of the average were: Cloverdale at $773,100, a decrease of 0.7% from the preceding month; Langley at $812,000, an increase of 0.1% from the preceding month; and South Surrey/White Rock at $878,200, a decrease of 1.1% from the preceding month. The three municipalities closest to the benchmark on the lower side of the average were: Surrey at $768,3000, a decrease of 0.6% from the preceding month; North Surrey at $703,600, an increase of 2.6% from the preceding month; and Mission at $637,700, a decrease of 1.9% from the preceding month.

Condominiums

The benchmark price for a condominium in the Fraser Valley at the end of April was $491,000, an increase of 0.4% from the preceding month. The range of the average was from $588,200 in South Surrey/White Rock to $400,400 in Abbotsford. The three municipalities closest to the benchmark on the higher side of the average were: Surrey at $495,900, an increase of 0.5% from the preceding month; North Delta at $512,700, an increase of 1.3% from the preceding month; and Cloverdale at $538,700, a decrease of 1.9% from the preceding month. The three municipalities closest to the benchmark on the lower side of the average were: Mission at $430,700100, an increase of 0.9% from the preceding month; North Surrey at $423,100, a decrease of 0.9% from the preceding month; and Abbottsford at $400,400, an increase of 0.9% from the preceding month.

I can help

There are many ways I can help you with your real estate transactions. Please let me know how I can help in these challenging times. You may need help in managing your home ownership plans, or in adjusting your financial strategy for a home purchase. Perhaps you are thinking of listing your home for sale and want to understand the market to set your asking price. Let me help. I have a post-graduate education in business along with years of experience in both banking and real estate. I am happy to help in any way I can. I want my clients to achieve their goals. Please don’t hesitate to call me.  

METRO VANCOUVER

Market activity continues upward; excellent supply; global oil prices could push up borrowing costs  

Metro Vancouver’s residential market posted optimistic increases in both sales and new listings in March. A total of 2,032 home sales represented a 23% month-over-month increase, and new listing hit a 22% rise over the preceding month. Although fulfilling expectations from February’s reversal after a lengthy sales slump, the normal increase in seasonal sales with spring officially around the corner may not reach historical levels. Global events continue to overshadow buyer decision-making, with key sectoral price inflation causing more economic uncertainty. As oil prices soar with the war in the Middle East, and grocery prices continue to increase with higher transportation costs added to trade tariff effects, there is still considerable hesitancy among many prospective home buyers. The Metro Vancouver home market remains down about 3% from last year, and 32% below the 10-year seasonal average. According to Ratehub.ca, the lowest 5-year fixed mortgage rate in Canada is currently 4.09% and variable rates are stable with the lowest 5-year rate at 3.35%. The site advises anyone shopping for a mortgage rate should strongly consider getting a pre-approval and rate hold up to 120 days.to secure access to current pricing.  Many economists expect a wave of inflation from global oil prices could impact Canadians within the next six weeks. In that scenario, fixed-term mortgage rates, tied to bond rates, will likely rise. This means a small window is open now for prospective home buyers looking for a fixed-term mortgage if they move quickly. The current inventory offers excellent choices with 5,792 new listings in March contributing to a total supply of 14,774 homes across all property types. This is higher by 9% over the preceding month, as well as 1.6% higher than one year ago and 38% above the 10-year seasonal average. Overall home prices are now inching up after a lengthy slide. At the end of March, the composite benchmark price for residential property in Metro Vancouver was $1,104,300, a 0.4% increase over the preceding month.

I invite you to review my monthly guide to benchmark prices across Metro Vancouver in the section below. Each selected benchmark represents the average home price for a comparable property across Metro Vancouver. On each side of the benchmark average you will find the three closest average prices for homes in different neighbourhoods. The monthly price changes are typical fluctuations arising from the relative market activity in a particular area. The range of prices making up the average price will also provide some insight into how the area may fit your purchase budget. If you are interested in exploring a particular area, please call me. I can provide you with the most up-to-date information on current listings. And if you are thinking about selling your home, I can prepare a Customized Market Analysis for your property and advise you on the optimal listing price in the current market. Please don’t hesitate to call. I love to help my clients in any way I can.

Detached homes

The benchmark price for a single-family detached home in Metro Vancouver at the end of March was $1,854,800, an increase of 1.1% from the preceding month. The range of this average extended from $3.096,500 in West Vancouver to $848,200 on the Sunshine Coast.  The three municipalities closest to the benchmark on the higher side of the average were: Burnaby North $1,922,100, an increase of 2.3% from the preceding month; Richmond at $1,974,200, a decrease of 0.7% from the preceding month; and Port Moody at $1,976,200, an increase of 0.6% from the preceding month. The three municipalities closest to the benchmark on the lower side of the average were: Vancouver East at $1,699,600, an increase of 0.5% from the preceding month; Coquitlam at $1,624,700, an increase 0.9% from the preceding month; and New Westminster at $1,470,900, a decrease of 0.4% from the preceding month. 

Townhouses

The benchmark price for a townhouse in Metro Vancouver at the end of March was $1,047,100, an increase of 0.1% from the preceding month. The range of this average extended from $1,622,400 in Whistler to $720,500 on Sunshine Coast. The three municipalities closest to the benchmark on the higher side of the average were: North Vancouver at $1,255,800, an increase of 0.2% from the preceding month; Vancouver West at 1,396,800, a decrease of 1.9% from the preceding month; and Whistler at $1,622,400, an increase of 0.2% from the preceding month. The three municipalities closest to the benchmark on the lower side of the average were: Vancouver East at $1,044,000, an increase of 0.3% from the preceding month; Richmond at $1,037,500, a decrease of 0.6% from the preceding month; and Coquitlam at $1,007,500, an increase of 0.9% from the preceding month.

Condominiums           

The benchmark price for a condominium in Metro Vancouver at the end of March was $706,700, a decrease of 0.2% from the preceding month. The range of this average extended from $1,114,100 in West Vancouver to $453,200 on the Sunshine Coast. The three municipalities closest to the benchmark on the higher side of the average were: Burnaby East at $722,500, an increase of 0.1% from the preceding month; Burnaby South at $764,900, an increase of 0.5% from the preceding month; and Vancouver West at $779,100, a decrease of 1.2% from the preceding month. The three municipalities closest to the benchmark on the lower side of the average were: Port Moody at $702,100, an increase of 0.9% from the preceding month; Vancouver East at $669,700, an increase 2.5% from preceding month; and Coquitlam at $668,300, an increase of 0.4% from the preceding month.

Let me help

There are many ways I can help you with your real estate transactions. Please let me know how I can help in these challenging times. You may need help in managing your home ownership plans, or in adjusting your financial strategy for a home purchase. Perhaps you are thinking of listing your home for sale and want to understand the market to set your asking price. Let me help. I have a post-graduate education in business along with years of experience in both banking and real estate. I am happy to help in any way I can. I want my clients to achieve their goals. Please don’t hesitate to call me.  

FRASER VALLEY

Sales, new listings shoot up for spring; prices inch upwards; potential inflationary impact with Mideast oil supply crisis

Fraser Valley home sales in March jumped 19.5% over February as buyers appear to be overcoming winter doldrums. March’s total of 1007 sales may signal a market enlivening with the approach of spring, although still 3% below the same period one year ago, and 42% under the 10-year seasonal average. New listings in March also shot up 20% after dropping in February, with 3,341 new homes available for spring shoppers. The Fraser Valley’s total inventory at the end of March was 9,201 active listings, up 10% from the preceding month and 50% above the 10-year seasonal average, providing an excellent range of choices across all property types. With the robust supply, it is still a buyer’s market in the Fraser Valley. And while economic uncertainly still restrains many potential buyers, it is an opportune time to present an offer. If you are wanting to make a home purchase, I would recommend moving quickly now as headwinds may be coming for buyers in the coming months. While the next Bank of Canada rate announcement is scheduled for April 29, the central bank has signalled that it wants to see more clarity on how global geopolitical conflicts like the war in the Middle East will impact Canada’s inflation rate and economic growth. The Bank of Canada’s current policy rate of 2.25% still underpins affordable variable rate mortgages with the lowest available 5-year rate in Canada currently at 3.25% percent – the lowest rate since 2022. Currently, the lowest five-year fixed rate mortgage in Canada is 4.19%. However, fixed-term mortgages rates can be expected to rise as inflationary pressures from the Mideast war take effect in Canada.  Home prices in the Fraser Valley are beginning to show increases now, signalling that their lengthy decline may reversing. The combined benchmark price for a residential property in the Fraser Valley at the end of March was $898,300, an increase of 0.3% from the preceding month.

In the section below, you will find my monthly selection of comparative benchmark prices across the Fraser Valley. This selection is a guide for your home shopping with the three closest average prices on each side of the benchmark price for comparable homes in different neighbourhoods. The monthly price changes typically reflect the relative market activity for the month. And the range of each average is provided to give an idea of the number of listings making up the average. However, please remember that benchmark prices are averages. For the most up-to-date information on listed prices in an specific area, please don’t hesitate to call me. And if you are thinking of selling you home, I can prepare a Customized Market Analysis for your property and advise you on the optimal listing price in the current market.  During the month of March, the average length of time a single-family detached home was on the market was 39 days; for townhouses it was an average of 36 days; and for condominiums, an average of 43 days.

Detached Homes

The benchmark price for a detached home in the Fraser Valley at the end of March was $1,375,600, an increase of 0.3% from the preceding month. The range of the average extended from $1,718,500 in South Surrey/White Rock to $955,200 in Mission. The three municipalities closest to the benchmark on the higher side of the average were: Cloverdale at $1,391,000, an increase of 3.3% from the preceding month; Langley at $1,513,100, a decrease of 0.2% from the preceding month; and South Surrey/White Rock at $1,718,500, a decrease of 0.2% from the preceding month. The three municipalities closest tothe benchmark on the lower side of the average were: Surrey at $1,371,400, an increase of 0.1% from the preceding month; North Surrey at $1,344,000, a decrease of 0.3% from the preceding month; and North Delta at $1,252,700, a decrease of 1.9% from the preceding month.

Townhouses

The benchmark price for a townhouse in the Fraser Valley at the end of March was $772,700, a decrease of 0.3% from the preceding month. The range of this average extended from $868,400 in South Surrey/White Rock to $624,500 in Abbotsford. The three municipalities closest to the benchmark on the higher side of the average were: Surrey at $773,100, an increase of 0.8% from the preceding month; Cloverdale at $778,400, a decrease of 0.2% from the preceding month; and Langley at $811,500, an increase of 0.1% from the preceding month. The three municipalities closest to the benchmark on the lower side of the average were: North Surrey at $686,000, a decrease of 1.8% from the preceding month; Mission at $650,000, a decrease of 0.4% from the preceding month; and Abbottsford at $624,500, a decrease of 0.2% from the preceding month.

Condominiums

The benchmark price for a condominium in the Fraser Valley at the end of March was $489,200, an increase of 0.2% from the preceding month. The range of the average was from $571,000 in South Surrey/White Rock to $395,900 in Abbotsford. The three municipalities closest to the benchmark on the higher side of the average were: Surrey at $493,500, a decrease of 0.1% from the preceding month; North Delta at $506,100, a decrease of 0.8% from the preceding month; and Cloverdale at $549,100, an increase of 0.4% from the preceding month. The three municipalities closest to the benchmark on the lower side of the average were: North Surrey at $427,100, a decrease of 0.9% from the preceding month; Mission at $427,000, a decrease of 0.8% from the preceding month; and Abbotsford at $395,900, a decrease of 1.2% from the preceding month.

I can help

There are many ways I can help you with your real estate transactions. Please let me know how I can help in these challenging times. You may need help in managing your home ownership plans, or in adjusting your financial strategy for a home purchase. Perhaps you are thinking of listing your home for sale and want to understand the market to set your asking price. Let me help. I have a post-graduate education in business along with years of experience in both banking and real estate. I am happy to help in any way I can. I want my clients to achieve their goals. Please don’t hesitate to call me.  

METRO VANCOUVER

Sales downward slide reverses; market ready for Spring demand

Metro Vancouver residential sales this past February ended their lengthy downward slide, registering a 4.9% month-over month increase with a total of 541 transactions. While still down almost 10% from the same period last year, and close to 29% below the 10-year seasonal average, the current reversal bodes well for the coming season.  New listings, on the other hand, showed a month-over-month decrease of 8.2% in February. Still lower by 6.4% compared with the same period one year ago, these new listings were 7.1% above the 10-year seasonal average. February’s total of 4,734 new listings, following January’s huge spike with more than 5,100 new listings for the first month of the year, left Metro Vancouver’s total available inventory at the end of the February with an excellent supply of 13,545 homes, 37% higher than the 10-year seasonal average. As Spring approaches, the Metro Vancouver market is in good shape to meet the normally anticipated rise in demand, although a general climate of economic uncertainty continues in the country, and the current war in the Middle East will produce an increase in prices that will be felt by consumers at the gas pumps. The Bank of Canada’s next policy rate announcement is scheduled for next week on March 18. Currently at 2.25%, the central bank’s key rate underpinning commercial variable rate mortgages has stable for since October 2025, and many leading economists expect this rate to remain in place until the end of 2026, with some speculating it will rise another 25 to 50 basis points in 2027. Ratehub.ca shows the best five-year variable rate mortgage in Canada is now 3.35%, and the lowest five-year fixed rate, which are determined by the bond market, is listed at 3.69%. Home prices in Metro Vancouver have also continued to drop for several months. Notably, the average price of Metro Vancouver home is now 7.0 % lower than one year ago. It is an opportune time to make home purchase before prices begin to return to the historical levels. At the end of February, the composite benchmark price for a residential property in Metro Vancouver was $1,100,300, a decline of 0.2% from the preceding month.

Please review my monthly selection of comparative benchmark prices in different areas of Metro Vancouver below.  For each property type you will find the three average prices on each side of the overall benchmark. The extremities of each average will give you an idea of the range of prices making up the average. The month-over-month prices changes typically reflect fluctuations based on the recent relative market activity. These averages are only a guide. If you are interested in exploring a particular neighbourhood, please call me. I can provide the most up-to-date information on the most recent listings. And if you would like to list your home for sale, I can provide a Customized Market Analysis for our property and advise you on the optimal asking price in the current market conditions.   

Detached homes

The benchmark price for a single-family detached home in Metro Vancouver at the end of February was $1,835,900, a decrease of 0.8% from the preceding month. The range of this average extended from $2,935,900 in West Vancouver to $835,000 on the Sunshine Coast.  The three municipalities closest to the benchmark on the higher side of the average were: Burnaby North $1,878,100, a decrease of 3.2% from the preceding month; Port Moody at $1,965,200, a decrease of 1.6% from the preceding month; and Richmond at $1,987,200, a decrease of 0.2% from the preceding month. The three municipalities closest to the benchmark on the lower side of the average were: Burnaby East at $1,691,000, an increase of 1.0% from the preceding month; Port Moody at $1,769,800, an increase 1.9% from the preceding month (Squamish is omitted here because it is too far out for my clients); and Coquitlam at $1,610,900, a decrease of 2.2% from the preceding month. 

Townhouses

The benchmark price for a townhouse in Metro Vancouver at the end of February was $1,046,100, an increase of 0.2% from the preceding month. The range of this average extended from $1,624,900 in Whistler to $716,300 on Sunshine Coast. The three municipalities closest to the benchmark on the higher side of the average were: North Vancouver at $1,253,800. A decrease of 1.3% from the preceding month; Vancouver West at 1,424,100, an increase of 1.9% from the preceding month; and Whistler at $1,24.900, a decrease of 1.9% from the preceding month. The three municipalities closest to the benchmark on the lower side of the average were: Vancouver East at $1,040,400, an increase of 0.3% from the preceding month; Richmond at $1,031,600, a decrease of 0.1% from the preceding month; and Coquitlam at $998,400, an increase of 1.6% from the preceding month.

Condominiums           

The benchmark price for a condominium in Metro Vancouver at the end of February was $708,200, an increase of 0.5% from the preceding month. The range of this average extended from $1,193,300 in West Vancouver to $469,700 on the Sunshine Coast. The three municipalities closest to the benchmark on the higher side of the average were: Burnaby East at $721,900, a decrease of 2.6% from the preceding month; Burnaby South at $768,500, an increase of 0.3% from the preceding month; and North Vancouver at $768,700, a decrease of 1.5% from the preceding month. The three municipalities closest to the benchmark on the lower side of the average were: Port Moody at $695,700, an increase of 0.1% from the preceding month; Burnaby North at $689,600, a decrease 1.5% from preceding month; and Richmond at $672,700, an increase of 1.4% from the preceding month.

Let me help

There are many ways I can help you with your real estate transactions. Please let me know how I can help in these challenging times. You may need help in managing your home ownership plans, or in adjusting your financial strategy for a home purchase. Perhaps you are thinking of listing your home for sale and want to understand the market to set your asking price. Let me help. I have a post-graduate education in business along with years of experience in both banking and real estate. I am happy to help in any way I can. I want my clients to achieve their goals. Please don’t hesitate to call me.  

FRASER VALLEY

Sales jump in February; robust inventory; excellent purchase opportunities

The Fraser Valley saw 843 homes sold in February, a 36% increase over the preceding month. February’s increase was welcome news for a market that has been in doldrums for the previous three months. For patient sellers it was an optimistic sign that buyers may have moved off the sidelines in anticipation of a seasonal resurgence in demand around the corner. Opportune purchase prices and borrowing costs have beckoned for some time but have gone unanswered with many potential buyers holding back on purchase decisions as their personal economic outlook is tied to the country’s continuing economic uncertainty. With the first day of spring on March 20, the next few weeks will be a test between the normal seasonal rise in housing sales and how deeply that uncertainty may be felt. New prospective sellers this past February did not match buyers’ psychology as new listings decreased by 9.0% following January’s big spike of over 2,000 new listings, sustaining a robust inventory of 8,344 available homes at the end of February, 51% above the 10-year seasonal average. Also occurring next week is the Bank of Canada’s next policy rate announcement on March 18. The current rate of 2.25%, set on October 29 last year, is widely expected to remain the same for the near term with Canada’s inflation rate recorded at 2.3% this past January. However, at the beginning of the year there was a slight easing in gasoline prices. The current war in the Middle East is expected to push up oil prices, so next week’s central bank rate announcement will be important to watch. As of March 5, the best 5-year fixed mortgage rate in Canada has been 3.69% and the best 5-year variable mortgage rate 3.35%. Home prices in the Fraser Valley have continued to decline slightly but remain fairly stable across all property types at present. At the end of February, the combined benchmark price for a residential property in the Fraser Valley was $895,100, a 0.2% decrease from the previous month.

In my monthly selection below of comparative benchmark prices, you will find average prices for comparable homes in different areas of the Fraser Valley. For each property type, there are three closest average prices on each side of the overall benchmark average, along with the range of prices making up the average and the month-over-month price changes. These averages may serve as a guide, but if you would specific prices in any neighbourhood, please feel free to call me. I can provide you with the most up-to-date information on all listings. And if you are thinking of listing your home for sale, I can provide a Customized Market Analysis for your property and advise you on the optimal listing price in the current market conditions. During the month of February, the average length of time to sell a single-family detached home was 47 days; townhouses, 39 days; and condominiums 45 days.  

Detached Homes

The benchmark price for a detached home in the Fraser Valley at the end of February was $1,370,900, a decrease of 0.2% from the preceding month. The range of the average extended from $1,722,800 in South Surrey/White Rock to $948,700 in Mission. The three municipalities closest to the benchmark on the higher side of the average were: Surrey at $1,372,700, an increase of 1.5% from the preceding month; Langley at $1,516,100, an increase of 0.7% from the preceding month; and South Surrey/White Rock at $1,722,800, a decrease of 0.3% from the preceding month. The three municipalities closest to the benchmark on the lower side of the average were: North Surrey at $1,348,600, an increase of 1.0% from the preceding month; Cloverdale at $1,347,000, a decrease of 1.5% from the preceding month; and North Delta at $1,277,500, an increase of 0.7% from the preceding month.

Townhouses

The benchmark price for a townhouse in the Fraser Valley at the end of February was $770,700, a decrease of  0.3% from the preceding month. The range of this average extended from $863,300 in South Surrey/White Rock to $626,100 in Abbotsford. The three municipalities closest to the benchmark on the higher side of the average were: Cloverdale at $779,500, an increase of 0.2% from the preceding month; Langley at $810,300, a decrease of 0.5% from the preceding month; and South Surrey/White Rock at $863,300, a decrease of 0.3% from the preceding month. The three municipalities closest to the benchmark on the lower side of the average were: Surrey at $767,000, no change from the preceding month; North Surrey at $698,200, a decrease of 0.9% from the preceding month; and Mission at $652,800, a decrease of 0.4% from the preceding month.

Condominiums

The benchmark price for a condominium in the Fraser Valley at the end of February was $488,300, a decrease of 0.1% from the preceding month. The range of the average was from $559,500 in South Surrey/White Rock to $400,800 in Abbotsford. The three municipalities closest to the benchmark on the higher side of the average were: Surrey at $494,100, a decrease of 1.1% from the preceding month; North Delta at $510,100, a decrease of 1.5% from the preceding month; and Cloverdale at $546,600, an increase of 0.7% from the preceding month. The three municipalities closest to the benchmark on the lower side of the average were: North Surrey at $430,900, an increase of 0.4% from the preceding month; Mission at $430.300, a decrease of 1.6% from the preceding month; and Abbotsford at $400,800 a decrease of 1.6% from the preceding month.

I can help

There are many ways I can help you with your real estate transactions. Please let me know how I can help in these challenging times. You may need help in managing your home ownership plans, or in adjusting your financial strategy for a home purchase. Perhaps you are thinking of listing your home for sale and want to understand the market to set your asking price. Let me help. I have a post-graduate education in business along with years of experience in both banking and real estate. I am happy to help in any way I can. I want my clients to achieve their goals. Please don’t hesitate to call me.