Fraser Valley closes out 2023 with lowest annual sales recorded in 10 years SURREY, BC — High interest rates kept a lid on sales and listings in the Fraser Valley in 2023, while holding year-over-year price growth to low single digits. The Fraser Valley region ended the year with 14,713 sales recorded on its Multiple Listing [...]

Home sales fall for fifth straight month in the Fraser Valley SURREY, BC — The Fraser Valley real estate market continues to cool heading into the holiday season as buyers and sellers maintain the holding pattern seen over the latter half of this year. The Fraser Valley Real Estate Board recorded 891 transactions on its Multiple [...]

Fraser Valley real estate market weakens as sales and prices continue to edge downward SURREY, BC — Property sales and new listings in the Fraser Valley fell again in October as consumers continued to put home buying and selling decisions on hold in the face of elevated interest rates. The Fraser Valley Real Estate Board [...]

Fraser Valley market balanced, as demand softens and prices edge lower SURREY, BC – Continued slowing sales and a healthy rise in new listings in September has brought the Fraser Valley housing market into balance. Three months of declining sales has seen Benchmark prices dip for a second straight month. The Fraser Valley Real Estate Board [...]

Fraser Valley real estate sales dip in August; prices hold steady SURREY, BC — A combination of seasonal trends and cautious anticipation of the next rate announcement saw the Fraser Valley real estate market slow in August as sales fell slightly for the second month, after reaching a 15-month high in June. The Fraser Valley [...]

Seasonality, interest rates temper sales in the Fraser Valley SURREY, BC — After five months of successive increases, real estate sales in the Fraser Valley dropped in response to a combination of continued rising interest rates and the summer sales cycle. The Fraser Valley Real Estate Board processed 1,368 sales in July on its Multiple Listing [...]

Low supply continues to impact home pricing in the Fraser Valley: Sales increasing despite rate hikes SURREY, BC – The Fraser Valley real estate market saw strong sales activity in June with levels on par with the 10-year average for the month, amid on-going challenges with supply. In June, the Fraser Valley Real Estate Board (FVREB) [...]

Delayed spring activity boosts supply of property listings in the Fraser Valley SURREY, BC — The Fraser Valley real estate market saw an injection of supply in May as new listings surged by more than 40 per cent over April. At 3,533, new listings were just below May 2022 levels (3,631) but slightly higher (2.7 per [...]

Spring sales hold steady in Fraser Valley real estate market SURREY, BC — Despite persistent inventory shortfalls, housing sales in the Fraser Valley remained steady in April as buyers took advantage of the continued pause in interest rate hikes. In April, the Fraser Valley Real Estate Board (FVREB) processed 1,554 sales on its Multiple Listing Service® [...]

Momentum continues to build in the Fraser Valley real estate market SURREY, BC — March 2023 saw the second consecutive month of growth in sales in the Fraser Valley, and although still below seasonal norms, the trend is an encouraging sign that the region continues to head towards increased market stability. At 1,550, property sales posted [...]