March 2025 Stats - Tariffs, Economic Uncertainty stall Spring Market in the Fraser Valley
Posted on Apr 05, 2025 in FVREB Monthly Market Report
March home sales in the Fraser Valley remained nearly 50 per cent below the 10-year average — making for the slowest start to the spring market in more than 15 years.The Fraser Valley Real Estate Board recorded 1,036 sales in March, up 13 per cent from February, but still
26 per cent below sales recorded this time last year.
Following a decline on th...
Buyers Gaining Upper Hand in Fraser Valley Real Estate Market in February 2025
Posted on Mar 06, 2025 in FVREB Monthly Market Report
For the first time in four months, home sales in the Fraser Valley have increased as buyers capitalize on more selection and weakening prices. The Fraser Valley Real Estate Board recorded 920 sales in February, up 13 per cent from January, but 26 per cent below sales recorded in February 2024.
Despite a nine per cent drop in newly listed homes on th...
New listings at 10-year high in 2024, but affordability still the Elephant in the room in Fraser Valley
Posted on Jan 14, 2025 in FVREB Monthly Market Report
SURREY, BC – Bank of Canada interest rate cuts that began mid-year were not enough to ease theaffordability crisis for many home buyers in the Fraser Valley in 2024, leading to a decline in annual sales.
The Fraser Valley Real Estate Board reported new listings of 35,698 for the year ended December 31, 2024,
a 10-year high and nine per cent above th...
a 10-year high and nine per cent above th...