2021

What is Abbotsford, the Hub of the Fraser Valley, Known For?

Aside from being the Raspberry capital of Canada, what is the largest municipality (by land area) of British Columbia known for? Abbotsford, BC is a booming ‘city in the country’, whose bursting economy is fuelled by the surrounding agricultural land, manufacturing, aerospace and the film sectors. The City has a dynamic and vibrant community that continues to draw more interest from the...

Record Shattering March Madness in Fraser Valley Real Estate

https://youtu.be/VZK0GHp_b0s With property sales reaching a century-high mark, March finished off with shattering monthly sales and new listings records in the Fraser Valley. The Fraser Valley Real Estate Board reported that sales in March were the biggest monthly tally since the board was created in 1921. In the report, the FVREB noted that March 2021 sales increased 131 per cent compared to...

How Much Money Do I Need to Buy Real Estate in Today’s Market?

How much money do you really need to invest in real estate? How much does it cost to invest in real estate?  Sound like something that you’ve been pondering lately? As we sit here with these low interest rates, you might be wondering whether tapping into these ripe conditions for investing in the Fraser Valley is an option. In our last post, Is 2021 A Good Year to Invest in Real Estate in...

Is 2021 a Good Year to Invest in Real Estate in the Fraser Valley?

Short answer…yes. Long answer:  Not only in the Fraser Valley, but all of Canada has experienced the draw to take advantage of record-low borrowing costs that’s having a major rippling effect on real estate, so major that it’s been selling faster than toilet paper. RBC estimated that home resales in Canada increased by 13 per cent in 2020 and predicts sales will hit...

Fraser Valley Real Estate Market Full Steam Ahead in January; Another Record-Setter for Property Sales

In a month that is usually one of the quietest in real estate, Fraser Valley’s market continued at a breakneck pace, producing the strongest January sales on record as well as a modest uptick in new listings. The Fraser Valley Real Estate Board processed a total of 1,718 sales of all property types on its Multiple Listing Service® (MLS®) in January 2021, an increase of 76 per cent compared to...

RECORD-SHATTERING DECEMBER CAPS UNEXPECTED YEAR IN FRASER VALLEY REAL ESTATE

 In a year when the real estate market was at a standstill for months due to COVID-19, total annual sales in the Fraser Valley still finished 12.4 per cent above the 10-year average due to unrelenting, pent-up consumer demand during the second half of 2020. In December, the Board’s Multiple Listing Service® (MLS®) processed a staggering 2,086 sales, the strongest December on record and 81.2...

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