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Local Market News

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

Housing Market Slows, but Resilient in Response to Pandemic

Posted on May 13, 2020

BC Real Estate - Market Update April 2020


Vancouver, BC - May 13, 2020. The British Columbia Real Estate Association (BCREA) reports that a total of 3,284 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in April 2020, a decline of 50.8 per cent from April 2019. The average MLS® residential price in BC was $737,834, a 7.8 per cent increase from $684,430 recorded...

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Fraser Valley real estate market contracts and adapts in response to public health measures to mitigate COVID-19

Posted on May 05, 2020

Fraser Valley real estate market report for April 2020

May 4, 2020

SURREY, BC – As anticipated, real estate activity saw a steep decline last month in response to the pandemic lockdown, resulting in one of the slowest Aprils in Fraser Valley history.

The Fraser Valley Real Estate Board (FVREB) processed a total of 688 sales on its Multiple Listing Service® (MLS®) in April, a decrease of 52 per cent compa...

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Is It Different This Time? Recessions and the BC Housing Market Summary Findings:

Posted on Apr 21, 2020

Is It Different This Time? Recessions and the BC Housing Market Summary Findings

April 20, 2020
BCREA Market Intelligence Reports

Summary Findings:


  • The 2020 COVID-19 driven recession will be deep, though the duration may be shorter than past recessions
  • We expect that home sales will post an initial sharp decline as households and the real estate sector adhere to social distancing
  • As measures implemented to mitigate the spread of COV...

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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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