Market Updates

June 11, 2024

May 2024 Fraser Valley Real Estate Market Update

 

FRASER VALLEY

Valley benchmark price drops; robust inventory; BoC cuts lending rate

Fraser Valley residential sales saw a slight month-over-month uptick to 1,517 transactions in May, up 3.0% from the preceding month, while new listings of 3,760 were a drop of 5.0% for the same ...

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Posted in Market Updates
June 11, 2024

May 2024 Greater Vancouver Real Estate Market Update

 

METRO VANCOUVER

Sales dip surprises; plentiful supply; BoC rate cut – finally!

Following recent monthly increases in the Metro Vancouver residential market, May’s home sales showed a slight drop in a period when spring sales activity normally picks up. While the current dip was unexpected, last month’s sales weres ...

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Posted in Market Updates
May 14, 2024

April 2024 Greater Vancouver Real Estate Market Update

 

METRO VANCOUVER

New listings replenish supply to pre-covid level; higher prices forecasted.

Metro Vancouver’s residential market activity last month showed continuing upswings in both sales and new listings. Total sales of 2,831 for the month of April reflected the second consecutive month-over-month  rise of 17%, and new ...

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Posted in Market Updates
May 14, 2024

April 2024 Fraser Valley Real Estate Market Update

 

FRASER VALLEY

New listings rise while sales slow down; Price rises forecast for next year

The Fraser Valley’s residential market appears to be preparing for a surge in pent-up demand as new listings push up inventory to the highest level in four years. At the same time buyers remain ...

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Posted in Market Updates
April 15, 2024

March 2024 Greater Vancouver Real Estate Market Update

 

METRO VANCOUVER

Robust sales despite high interest rates; new listings continue to rise

Metro Vancouver residential sales rose to 2,415 in March, a 17% increase over February, although still lagging historical activity. This year’s March total was down 4.7% from the same month last year and 31 ...

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Posted in Market Updates
April 15, 2024

March 2024 Fraser Valley Real Estate Market Update

 

FRASER VALLEY

Valley benchmark price returns to over $1-million; new listings up again

Home purchases in the Fraser Valley showed another month-over-month increase in March, closing with a total of 1,395 sales. This was a 13% increase over February although significantly less than the 32% jump in February’s ...

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Posted in Market Updates
March 12, 2024

February 2024 Greater Vancouver Real Estate Market Update

 

METRO VANCOUVER

Upward prices amid vibrant sales; new listings replenish supply

Following a sharp sales spike in the first month this year, Metro Vancouver’s housing market saw signs of rising prices in February after Canada’s monetary policy finally induced an economic slow-down during 2023.  Last month a few ...

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Posted in Market Updates
March 12, 2024

February 2024 Fraser Valley Real Estate Market Update

 

FRASER VALLEY

Sales and new listings on the rise; prices inching upwards

The Fraser Valley residential market saw another month of rising sales and new listings in February, continuing its high energy year-opening in January – a  momentum that could be sustained with interest rate cuts expected later ...

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Posted in Market Updates
Feb. 13, 2024

January 2024 Fraser Valley Real Estate Market Update

 

FRASER VALLEY

Fraser Valley springs back to life; sales pick up, big jump in new listings

Vital signs still intact, the Fraser Valley’s residential market suddenly woke up in January. After a persistent near-comatose state for the last half of 2023, the Valley’s real estate activity sprang back to ...

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Posted in Market Updates
Feb. 13, 2024

January 2024 Greater Vancouver Real Estate Market Update

 

METRO VANCOUVER

New Year starts with sale spike; lagging supply may mean price increases

Following one of the slowest years in a decade, home sales in January 2024 jump- started the Metro Vancouver residential market with an electrifying surge closing the first month of the year with a 38 ...

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Posted in Market Updates