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 remained steady in July; lowest supply in forty years

Posted on Aug 05, 2021

Fraser Valley Housing Market Statistics July 2021
SURREY, BC – Market activity in the Fraser Valley – both sales and new listings – softened in July, however buyers continued to significantly outnumber sellers resulting in inventory reaching the lowest for the month since 1981.


The Board processed a total of 2,006 property sales on its Multiple Listing Service® (MLS®) in July, a decrease of 11 per...

Read More

Mirroring the weather, Fraser Valley’s hot housing market cooled slightly in June going from a boil to a simmer

Posted on Jul 05, 2021

Fraser Valley Housing Market Statistics for June 2021
SURREY, BC – Sales on the Fraser Valley Real Estate Board’s Multiple Listing Service® (MLS®) remained robust in June however, for the first time since last September, monthly sales did not break a historical record.


In June, the Board processed 2,247 sales on its MLS®, a decrease of 24 per cent compared to May and a 31 per cent increase compared to...

Read More

Near record-breaking new listings in the Fraser Valley not enough to match insatiable buyer demand

Posted on Jun 02, 2021

Fraser Valley Housing Market Statistics for May 2021
SURREY, BC – Fraser Valley’s extraordinary pandemic real estate market continued to break sales records – for the ninth consecutive month – while at the same time, reaching near-historic levels of new listings in May.


In May, the Fraser Valley Real Estate Board (FVREB) processed 2,951 sales on its Multiple Listing Service® (MLS®), an increase of 267...

Read More

Monthly sales and new listings in the Fraser Valley continue blistering pace; surge in inventory starting to calm prices

Posted on May 05, 2021

Fraser Valley Real Estate Board - Housing Market April 2021

SURREY, BC – For the eighth consecutive month, Fraser Valley real estate saw record-breaking sales with April topping the previous monthly high set in 2016. The 2020/2021 pandemic seller’s market in the Fraser Valley has now surpassed the previous longest stretch of seven consecutive, record-breaking months, last set in 2015/2016.

In April, the Fras...

Read More

BCREA 2021 Second Quarter Housing Forecast: Provincial Housing Market on a Record-Setting Pace

Posted on May 05, 2021

BCREA 2021 Second Quarter Housing Forecast: Provincial Housing Market on a Record-Setting Pace

Vancouver, BC - May 5, 2021. The British Columbia Real Estate Association (BCREA) released its 2021 Second Quarter Housing Forecast today.

Multiple Listing Service® (MLS®) residential sales in the province are forecast to rise 33.6 per cent to 125,600 units this year, after recording 94,013 sales in 2020. In 2022, MLS® residential sales are forecast...

Read More

Record-Setting Month for BC Homes Sales

Posted on Apr 13, 2021

BCREA - March 2021 - Record-Setting Month for BC Homes Sales

Vancouver, BC - April 13, 2021. The British Columbia Real Estate Association (BCREA) reports that a total of 15,073 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in March 2021, an increase of 123.3 per cent over March 2020 and a new all-time record for monthly BC home sales. The average MLS® residential price in BC wa...

Read More