Market Updates

April 15, 2025

March 2025 Fraser Valley Real Estate Market Update

 

FRASER VALLEY

Buyer’s market with decade-high supply; economic uncertainty slows sales  

Fraser Valley home sales in March inched higher for the third consecutive month, 12.6% above the preceding February, but remained substantially down from historical averages, at 26% below this period last year and 50% …

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Posted in Market Updates
April 15, 2025

March 2025 Greater Vancouver Real Estate Market Update

 

METRO VANCOUVER

Huge inventory as new listings spring up; prices stable.

Closing the first quarter of 2025, Metro Vancouver residential sales for March continued the month-over-over rise seen since the beginning of the year. The sales total of 2,091 last month was a 14% increase over …

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Posted in Market Updates
March 11, 2025

February 2025 Greater Vancouver Real Estate Market Update

 

METRO VANCOUVER

Price declines, plentiful inventory, balanced market attracting buyers

Metro Vancouver’s 1,827 home sales in February were close to an 18% increase over January, continuing the market’s energetic start at the beginning of the year. While down on a 10-year seasonal average by 29%, the …

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Posted in Market Updates
March 11, 2025

February 2025 Fraser Valley Real Estate Market Update

 

FRASER VALLEY

Valley market springs to life; home sales shoot up with robust inventory

Fraser Valley home sales shot up in February by 12.5% from the previous month, as the market appears to have awakened suddenly following four months of slumber. With its 920 sales posted …

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Posted in Market Updates
Feb. 11, 2025

January 2025 Greater Vancouver Real Estate Market Update

 

METRO VANCOUVER

Surge in new listings; plentiful supply; opportune time for buyers

Metro Vancouver’s residential market sprang out of the gate with an energetic start in January, with both sales and new listings seeing increases over the same month last year. The new year’s opening month …

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Posted in Market Updates
Feb. 11, 2025

January 2025 Fraser Valley Real Estate Market Update

 

FRASER VALLEY

New listings abound; tremendous selection; prices stable

The Fraser Valley residential market turned into a home buyer’s dreamland as  January’s new listings spiked nearly 170% from the preceding December. With 3,432 new listings recorded in the first month of the year, the Valley’s …

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Posted in Market Updates
Jan. 14, 2025

December 2024 Greater Vancouver Real Estate Market Update

 

METRO VANCOUVER

Market confidence returning with lower interest rates; declining prices

Opening the new year on a high note for home buyers, lower interest rates are leading to greater confidence with residential markets returning to historical norms. The Bank of Canada’s last rate cut on December …

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Posted in Market Updates
Jan. 14, 2025

December 2024 Fraser Valley Real Estate Market Update

 

FRASER VALLEY

Fraser Valley home prices adjusting downward; Optimistic outlook for mortgage rates

Fraser Valley home sales dipped 12.5% month-over-month in December, but were still 19% above the same period one year earlier. For market watchers, this was especially welcome news as the new year was …

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Posted in Market Updates
Dec. 17, 2024

November 2024 Greater Vancouver Real Estate Market Update

 

METRO VANCOUVER

Bank of Canada makes another big interest rate cut; Prices steady – for now

Metro Vancouver’s residential market saw another month of robust sales in November with a total 2,181 sales across all property types. While dipping by 17% from the previous month, November’s …

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Posted in Market Updates
Dec. 17, 2024

November 2024 Fraser Valley Real Estate Market Update

 

FRASER VALLEY

Home sales steady; abundant supply; lower rates expected to drive prices higher

Fraser Valley homes sales remained strong in November, despite not matching the level of resurgence seen in October after months of market doldrums. While dropping 15% from the previous month, November registered …

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Posted in Market Updates