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FVREB May 2024 Stats

Jun 5, 2024

Slower seasonal sales helped build inventory to its highest level since September 2019 in theFraser Valley in May, creating more balanced market conditions for home buyers and sellers.

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FVREB August Stats

Sep 5, 2023

The Fraser Valley Real Estate Board recorded 1,273 sales on its Multiple Listing Service (MLS®) in August 2023, a decrease of 6.9 per cent compared to July.

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FVREB July Stats

Aug 8, 2023

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.

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FVREB June Stats

Jul 11, 2023

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.

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FVREB May Stats

Jun 5, 2023

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.

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FVREB April Stats

May 9, 2023

Despite inventory shortfalls, housing sales in the Fraser Valley remained steady in April as buyers took advantage of the interest rate hike pause.

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FVREB February Stats

Mar 9, 2023

House prices in the Fraser Valley posted a slight but positive bump in February after nearly a year of month-over month decreases.

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FVREB January Stats

Feb 2, 2023

The downward trend in Fraser Valley real estate sales continued in January as further interest rate hikes kept buyers sidelined.

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Average home price drops significantly from last year

Jan 16, 2023

The average sale price of a Canadian home sat at $626,318 last month, a 12 per cent drop from December 2021, reports the CREA.

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FVREB December Stats

Jan 5, 2023

The Fraser Valley Real Estate Board (FVREB) processed 716 sales on its Multiple Listing Service® (MLS®) in December 2022, down 14.7 per cent from November.

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Prices to see double-digit drop: Fitch Ratings

Jan 3, 2023

Fitch Ratings, a leading provider of credit ratings and financial commentary and research warns that Canada’s real estate downturn will continue this year.

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BoC increases rate to 4.25%, while hinting end may be near

Dec 7, 2022

The BoC raised its key interest rate to 4.25 per cent this morning. The Bank of Canada has increased its rate seven times this year.

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FVREB November Stats

Dec 2, 2022

With sales down almost seven per cent from October, and new listings off by more than 20 per cent, the Fraser Valley housing market continues its slowing trend heading into the holiday season.

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Government of Canada introduces legislation to help make life more affordable

Nov 7, 2022

Last week, Deputy Prime Mininster and Minister of FInance, Chrystia Freeland introduced Bill C-32, the Fall Economic Statement Implementation Act.

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FVREB October Stats

Nov 2, 2022

Fraser Valley housing market sales for October remained relatively unchanged from last month as prices dipped slightly across all categories.

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Household spending expected to drop dramatically

Oct 26, 2022

Canada’s central bank increased its key interest rate to 3.75 per cent this morning. In hopes of fighting inflation, The BoC has raised its policy rate six times since the month of March.

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Recession to hit sooner than expected says RBC

Oct 18, 2022

A Canadian recession will come a lot sooner than initially expected, cautioned the country’s oldest and most established bank.

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FVREB September Stats

Oct 5, 2022

Continued slowing sales and a slight rise in inventory in September combined to bring greater stability to the Fraser Valley housing market.

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Renting is on the rise

Sep 26, 2022

According to a recent Statistics Canada report, an increasing number of Canadians are renting their homes, rather than owning, as the cost of home ownership soars.

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TD: “Unprecedented decline” on the horizon

Sep 6, 2022

The country’s second largest bank foresees reduced home prices in British Columbia and Ontario

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FVREB August Stats

Sep 2, 2022

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

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FVREB July Stats

Aug 5, 2022

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.

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FVREB June Stats

Jul 5, 2022

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.

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Real estate investors increasing market share

Jun 13, 2022

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

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Housing correction commences

Jun 9, 2022

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

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FVREB May Stats

Jun 2, 2022

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.

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BOC raises rate to 1.5%, warning there’s more on the way

Jun 1, 2022

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

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“Cooling off” period, end to blind bidding recommended by BCFSA

May 31, 2022

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

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Real estate sales, prices take a plunge

May 17, 2022

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

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FVREB April Stats

May 3, 2022

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

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Higher rates begin to cool market

Apr 20, 2022

Canadian home sales saw their largest decline since last June as increased interest rates have begun to cool the country’s sizzling housing market.

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CMHC cancels market risk report

Apr 8, 2022

The Canadian real estate market is undoubtedly in a precarious state – and households will now be devoid of CMHC’s guidance.

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FVREB March Stats

Apr 4, 2022

For the third consecutive month, new listings in the Fraser Valley continued to climb in March giving buyers more to choose from, helping to increase overall active inventory to levels not seen since last July.

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BoC expected to double rate increases starting next month

Mar 29, 2022

The Bank of Canada is expected to bolster its defence against inflation. BMO Capital Markets’ latest forecast shows aggressive rate increases.

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Oxford Economics calling for 24% price drop by 2024

Mar 21, 2022

According to Oxford Economics, one of the world’s most respected voices on economic forecasts, Canadian real estate prices are in for quite the dip.

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More sellers, more inventory : RBC

Mar 10, 2022

With month-to-month new listing increases across several major real estate markets, it appears that the country’s inventory issue is slowly improving.

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Increased interest rates necessary to slow inflation : BoC

Mar 3, 2022

Increased interest rates will make it more difficult for Canadians to pay down their debt, but tightened policy was necessary to help slow inflation.

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FVREB February Stats

Mar 3, 2022

Buyers of Fraser Valley real estate had significantly more inventory to choose from last month due to a record-breaking volume of new listings received for the month of February.

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Fraser River Crossing Forcemain Project

Mar 1, 2022

The City of Mission’s Forcemain Project reached an important milestone last week.

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National rental prices increase by 3 per cent

Feb 22, 2022

Canadian renters saw another year full of affordability concerns as rental prices increased, especially in Vancouver and Toronto.

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Record price gains for frenzied housing market

Feb 16, 2022

Canadian home prices saw record growth last month, while a sharp decline to the number of homes listed for sale has resulted in a strained housing market across most of the country.

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Variable rate mortgage costs expected to double

Feb 14, 2022

Variable rate morgage costs expected to double Desjardins latest research note cautions homebuyers Prospective homebuyers […]

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Central bank: business investment integral to interest rate hikes

Feb 10, 2022

Bank of Canada Governor Tiff Macklem believes the pathway to interest rake hikes will rely on if the country’s businesses increase investments.

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FVREB January Stats

Feb 2, 2022

On the heels of the busiest year in history for Fraser Valley real estate, January activity saw the beginnings of a market rebalancing.

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Bank of Canada holds rate at 0.25%

Jan 27, 2022

Canada’s central bank decided to maintain its key interest rate at 0.25 per cent earlier today, but warned of impending increases.

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Housing starts were up 21% last year

Jan 21, 2022

Although Canadian real estate is currently mired in a supply shortage, new CMHC data shows 2021 housing starts took quite a leap.

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Inflation rate rises to 30-year high

Jan 19, 2022

Last month, the consumer price index increased at a pace we have not seen in over three decades, mounting pressure on the Bank of Canada to act.

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BoC : Investors’ and repeat buyers’ share of market increasing

Jan 17, 2022

The province of British Columbia saw a record number of new homes certified for construction last year.

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BC raises home owner grant threshold

Jan 11, 2022

The province of British Columbia is providing some needed relief to millionaire homeowners, as the threshold for the province’s home owner grant was raised.

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FVREB December Stats

Jan 5, 2022

Fueled by the consumer response to the COVID‐19 pandemic along with historically low interest rates, total property sales in the Fraser Valley in 2021.

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What a year! Nault Group would like to spread some holiday cheer

Dec 22, 2021

As this year comes to a close, we cannot help but give thanks to those have who have put their trust in us.

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Outlook for buyers is “grim”

Dec 20, 2021

Canada’s housing affordability has declined to its lowest level in over 30 years as stated in a new report released by RBC Economics.

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Home prices jump as housing shortage persists

Dec 15, 2021

The country’s house prices increased by more than 25 per cent last month, compared to November of 2020 – a significant increase spurred by supply shortages.

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Bank of Canada maintains key interest rate at 0.25%

Dec 8, 2021

The Bank of Canada held its key interest rate at 0.25 earlier today, as inflation continues to rise.

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FVREB November Stats

Dec 2, 2021

Robust demand for Fraser Valley real estate continued last month, with the FVREB recording its second highest month for volume of sales.

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Canadian HELOC debt rising rapidly

Nov 30, 2021

Canadian homeowners are resorting to their reserves to fund surging expenses as HELOC debt grows rapidly.

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Bank of Canada points finger at investors for home price hikes

Nov 23, 2021

The Bank of Canada announced that investors are likely one of the culprits in creating the aggressive home price increases seen across the country.

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Housing starts on downslope across Canada

Nov 17, 2021

New CMHC data shows country’s housing starts trend experienced a significant downturn from September to October.

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New NBC report paints grim picture

Nov 12, 2021

NBC’s latest affordability report revealed how long it takes Canadians to save for down payments on non-condo homes.

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Bank of Canada head assures they have inflation under control

Nov 10, 2021

Bank of Canada Governor Tiff Macklem wants Canadians to trust that they can bring inflation back down to its target.

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