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Robust active listings and relative steady sales activity continued to bring balance to the FraserValley real estate market in August.

The Fraser Valley real estate market saw sales fall again in July in the face of continued interest rate hikes, as the government struggles to bring inflation under control.

Overall sales in the Fraser Valley fell for the third straight month as prices for all property types continued to soften, bringing greater balance to the region’s real estate market.

Before the pandemic, investor demand for real estate was dwindling. But when interest rates were slashed in 2020, investor interest was revitalized.

A new report released by Desjardins’ economics department suggests the country’s housing market is likely to experience a fairly significant correction.

As property sales continue to fall in the Fraser Valley and active listings continue to grow, the region is edging towards more balanced levels not seen since the pre-pandemic period.

Canada’s central bank announced another notable increase to its key interest rate this morning amid ascending inflation

The province’s real estate regulator, BCFSA, has proposed a three business day “cooling off” period to protect buyers.

The Canadian real estate craze has come to a screeching halt and experts see a serious correction looming.

Property sales in the Fraser Valley decreased by over 35 per cent in April 2022 compared to the previous month