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...

Unrelenting Demand for Fraser Valley Detached and Townhomes Continued in November

For the fifth consecutive month, demand for real estate in the Fraser Valley showed no signs of waning. Overall property sales for the month of November again set a new Board record.  Sales records were also broken in September and October; and since July, all activity including new listings, has continued to be inordinately high. The Fraser Valley Real Estate Board processed 2,173 sales of all...

Sales volumes remain exceptional in the Fraser Valley for October

Ongoing demand for Fraser Valley real estate saw overall sales reach the highest point for the month of October in the Board’s history. This is the fourth consecutive month of record-breaking or near-record activity for sales and new listings in the region. The Fraser Valley Real Estate Board processed 2,370 sales of all property types on its Multiple Listing Service® (MLS®) in October, an increase...

Sales and New Listings Reach Near Record-Setting Numbers in the Fraser Valley

The Fraser Valley Real Estate Board’s Multiple Listing Service® (MLS®) saw the second-highest number of both property sales and new listings ever recorded in July. The FVREB processed a total of 2,100 sales in July, an increase of 22.2 per cent compared to sales in June and an increase of 44 per cent compared to the 1,458 sales during July of last year. Last month’s sales were 25.5 per cent above...

Buyer Support: 8 Mistakes to Avoid When Buying a Home

You’ve been saving for awhile, weighing your options, looking around casually. Now you’ve finally decided to do it—you’re ready to buy a house. The process of buying a new home can be incredibly exciting, yet stressful, all at once. Where do you start?It is essential you do your homework before you begin. Learn from the experiences of others, do some research. Of course, with so many details...

Buying a recreational property? Read this before you dive in!

Enjoying access to a recreational property is quite possibly the ultimate Canadian dream. According to a recent survey conducted by Leger on behalf of RE/MAX, one-quarter of Canadians would consider purchasing a cottage or cabin in the future. If you’re among them, you’ve got some work to do before you can play. As is the case with all real estate, a great recreational property...

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