Housing Prices Remain Soft, Sales Flat, Throughout the Fraser Valley

Fraser Valley housing market sales for October remained relatively unchanged from last month as prices dipped slightly across all categories. In October, the Fraser Valley Real Estate Board (FVREB) processed 901 sales on its Multiple Listing Service® (MLS®), an increase of 0.4 per cent compared to last month and a 53.5 per cent decrease compared to this time last year. The Board received 2,186 new...

Fraser Valley housing market signals further settling as sales continue to stall in response to interest rate rises

Robust active listings and relative steady sales activity continued to bring balance to the FraserValley real estate market in August. The past several months of rising inventory combined with a slowing trend in sales has also seen benchmark prices return to levels not seen since last year. In August, the Fraser Valley Real Estate Board (FVREB) processed 1,017 sales on its Multiple Listing Service®...

Sales slide for fourth straight month as rising interest rates put brakes on Fraser Valley real estate market

The Fraser Valley real estate market saw sales fall again in July in the face of continued interest rate hikes, as the government struggles to bring inflation under control. In July, the Fraser Valley Real Estate Board (FVREB) processed 993 sales on its Multiple Listing Service® (MLS®), a decrease of 22.5 per cent from the previous month and a 50.5 per cent drop compared to July 2021, when the...

Fraser Valley housing market continues to cool amid slower sales, softer prices

Overall sales in the Fraser Valley fell for the third straight month as prices for all property types continued to soften, bringing greater balance to the region’s real estate market. In June, the Board processed 1,281 sales on its Multiple Listing Service® (MLS®), a decrease of 5.8 per cent compared to May and a 43 per cent decrease compared to June of last year. Sandra Benz, President of the...

Home prices soften as Fraser Valley housing market cools amid lower sales and higher inventory

As property sales continue to fall in the Fraser Valley and active listings continue to grow, the region is edging towards more balanced levels not seen since the pre-pandemic period. Sales of all property types in May were 1,360, down 16.9 per cent from April’s 1,637; and down 53.9 per cent compared to May of 2021. At the same time, active listings (the number of properties available for sale at...

Fraser Valley sales dip below 10-year average for first time in nearly two years

Property sales in the Fraser Valley decreased by over 35 per cent in April 2022 compared to the previous month, and while the figure is still the sixth-highest April on record for the past ten years, it marks the first time monthly sales have fallen below the ten-year average since June 2020. In April, the Fraser Valley Real Estate Board (FVREB) processed 1,637 sales on its Multiple Listing...

Continued growth in new listings a hopeful sign for home buyers in the Fraser Valley

For the third consecutive month, new listings in the Fraser Valley continued to climb in March giving buyers more to choose from, helping to increase overall active inventory to levels not seen since last July. Property sales remain robust, as Benchmark prices, the price of a ‘typical’ home, continued to increase month-over-month. In March, the FVREB processed 2,580 residential and commercial...

FVREB posts record volume of new listings in February

Buyers of Fraser Valley real estate had significantly more inventory to choose from last month due to a record-breaking volume of new listings received for the month of February. The Fraser Valley Real Estate Board (FVREB) received 3,742 new listings in February, an increase of 75.3 per cent compared to January, and an increase of 14.6 per cent compared to February of last year. The previous highest...

Glimmer of hope for Fraser Valley home buyers as new listings surge in January

On the heels of the busiest year in history for Fraser Valley real estate, January activity saw the beginnings of a market rebalancing. Overall property sales – still the third highest ever for January – cooled compared to December while the volume of new listings improved significantly. The Fraser Valley Real Estate Board processed a total of 1,310 sales of all property types on its Multiple...

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...

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