December 2022 Stats: Sales Slow and Bring Balance
After the historic number of sales in 2021, 2022 brought back balance to the BC real estate market. Tools introduced by the BC Government included 7 interest rate [...]
November 2022 Stats: Third Month of Declining Sales
On December 7, 2022, the Bank of Canada announced another interest rate hike, from 4.25% to 4.50%. As rates rise to combat inflation, sales and new listings have [...]
October 2022 Stats: Sales Stay Slow as Prices Slightly Fall
Sales remained stagnant in October 2022 after the Bank of Canada announced another interest rate hike this month. The Fraser Valley Real Estate Board reported a sales-to-active ratio [...]
September 2022 Stats: Interest Rates Rise as Prices Decline
September 2022 Stats: Interest Rates Rise as Prices Decline The Fraser Valley Real Estate Board reported a sales-to-active ratio of 15% for the month of September 2022, signifying [...]
August 2022 Stats: Market Settles As Sales Stall
The Fraser Valley Real Estate Board reported another month of declining sales and increasing inventory, signifying the return of a balancing market. The benchmark prices for homes in [...]
July 2022 Stats: Rising Interest Rates and Sliding Sales
The effect of rising interest rates has been felt across the Fraser Valley as the Fraser Valley Real Estate Board recorded the fourth consecutive month of declining sales. [...]
June 2022 Stats: A Balancing Market?
The Fraser Valley Real Estate Board recorded the third straight month of decreasing sales in June 2022, signifying the return of a balanced real estate market. June 2022 [...]
April 2022 Stats: Slowing Sales Hints At a Balancing Market
In April 2022, the Fraser Valley Real Estate Board recorded a 35% decrease in sales compared to last month. This is the first time the monthly sales have [...]