Local Market News

March sales and new listing data show preliminary impact of COVID-19 on Fraser Valley housing market

Posted on Apr 05, 2020

Fraser Valley Housing Market statistics March 2020

April 2nd, 2020
SURREY, BC – The most up to date Multiple Listing Service® (MLS®) data from the Fraser Valley Real Estate Board (FVREB) indicates COVID-19 has put the market on pause, as REALTORS® and the public adhere to health authority rules and government guidelines on the pandemic.

By the end of March, the FVREB processed a total of 1,441 sales...

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8 REASONS THE CORONAVIRUS WON’T CRASH THE HOUSING MARKET

Posted on Mar 26, 2020

8 REASONS THE CORONAVIRUS WON’T CRASH THE HOUSING MARKET

Mar 21, 2020

It’s all you hear on the news, it’s all you read in the papers, and it’s all you see on social media. The coronavirus is everywhere, and it’s safe to say that everyone is scared, both of the disease itself and the potential economic implications of the whole country going into a temporary quarantine.

Echos of the 2008 housing market cra...

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Estimating the Impacts of the Speculation and Vacancy Tax

Posted on Mar 07, 2020

Estimated Impact of the BC Speculation and Vacancy Tax


BCREA Market Intelligence Report


Mar 02, 2020


The latest BCREA Market Intelligence Report: Estimating the Impacts of the Speculation and Vacancy Tax estimates the Speculation and Vacancy tax reduced home sales in taxable regions in BC by an additional 12.5 per cent compared to non-taxable regions. Click here to read the full report.

Summary Findings:

W...

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February home sales outpace new listings in Fraser Valley

Posted on Mar 04, 2020

February home sales outpace new listings in Fraser Valley

SURREY, BC – In February, property sales in the Fraser Valley finished slightly above the 10-year average for the month, while new listings came in 3 per cent below, keeping overall inventory at historically below-average levels.

The Fraser Valley Real Estate Board processed 1,352 sales of all property types on its Multiple Listing Service® (MLS®) i...

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Fraser Valley January home sales typical; new listings lagging

Posted on Feb 05, 2020


SURREY, BC – January’s property sales in the Fraser Valley came in 6 per cent above the 10-year average for the month, while new listings finished 11 per cent below historical norms.

The Fraser Valley Real Estate Board processed 974 sales of all property types on its Multiple Listing Service® (MLS®) in January, a 21.9 per cent decrease compared to s...

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Strong finish for mediocre year in Fraser Valley real estate

Posted on Jan 04, 2020



SURREY, BC – After a sluggish first half of the year, property sales in the Fraser Valley started picking up speed in the summer and finished strong in December, but not enough to surpass last year’s sales totals.

The Board’s Multiple Listing Service® (MLS®) processed 15,487 sales in 2019, a 0.6 per cent decrease compared to 2018’s 15,586 sales and...

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