Local Market News

Get all the latest news and market updates here – Fraser Valley housing market statistics and BC real estate market updates.

Fraser Valley home sales fall despite Bank of Canada rate cut

Posted on Jul 04, 2024

Fraser Valley Housing Market Statistics June 2024

SURREY, BC –The policy rate cut of 25 basis points by the Bank of Canada on June 5 was not enough to rally home sales in the Fraser Valley last month.

The Fraser Valley Real Estate Board recorded 1,317 sales in June, down by 13 per cent over last month and by more than 30 per cent over both last year and the 10-year seasonal average.

While sales rema...

Spring inventory continues to build in the Fraser Valley to levels not seen in nearly five years

Posted on Jun 04, 2024

Fraser Valley Housing Market Statistics May 2024

SURREY, BC – Slower seasonal sales helped build inventory to its highest level since September 2019 in the Fraser Valley in May, creating more balanced market conditions for home buyers and sellers. The increase in supply over the past several months has further contributed to a softening of price growth, which is good news for buyers.

Fraser Valley Housing Market Statistics May 2024 - MLS Sales

Active listin...

Modest increase in April home sales in the Fraser Valley takes lead from cooler spring weather

Posted on May 02, 2024

Fraser Valley Housing Market Statistics April 2024

SURREY, BC – Supply of available homes in the Fraser Valley market continued to build last month, however buyers remained relatively hesitant, leading to a cooler resale market in April.

The Fraser Valley Real Estate Board recorded 1,471 transactions on its Multiple Listings Service® (MLS®) in April, up 5 per cent from March, but off by 5 per cent c...

March home sales growth off last month’s pace, but supply still building in the Fraser Valley

Posted on Apr 04, 2024

Fraser Valley Housing Market Statistics March 2024

SURREY, BC –Home buyers in the Fraser Valley have more choice heading into the spring market with inventory levels for March at the highest they’ve been in the past five years.

However, March sales were slower than anticipated with 1,395 transactions recorded on the Fraser Valley Real Estate Board’s Multiple Listings Service® (MLS®), a 13 per cent i...

Sales, listings continue to pick up heading into spring

Posted on Mar 05, 2024

Fraser Valley Housing Market Statistics February 2024

SURREY, BC – Home sales in the Fraser Valley posted a second consecutive bump in February as new listings continue to rise and trend slightly above the 10-year seasonal average.

The Fraser Valley Real Estate Board recorded 1,235 transactions on its Multiple Listing Service® (MLS®) in February, a 32 per cent increase over January but still 21 per cen...

Signs of stability in Fraser Valley housing market

Posted on Feb 03, 2024

Fraser Valley Housing Market Statistics January 2024

SURREY, BC – The Fraser Valley real estate market showed signs of recovery in January as home sales rose after six consecutive months of decline, and new listings more than doubled.

The Fraser Valley Real Estate Board recorded 938 transactions on its Multiple Listing Service® (MLS®) in January, a 12 per cent increase over December and below the 10-y...

View Older Posts

Elelvation Real Estate Group

Local Market News

Fraser Valley home sales fall despite Bank of Canada rate cut

Spring inventory continues to build in the Fraser Valley to levels not seen in nearly five years

Modest increase in April home sales in the Fraser Valley takes lead from cooler spring weather

March home sales growth off last month’s pace, but supply still building in the Fraser Valley

Sales, listings continue to pick up heading into spring

Signs of stability in Fraser Valley housing market