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Friday, October 11, 2024

Sluggish sales and rising inventories see Fraser Valley moving toward a buyer’s market

With active inventories hitting levels not seen in 10 years and sales 30 per cent below the 10-year average, Fraser Valley real estate is building towards a buyer’s market if sales continue to lag.

The Fraser Valley Real Estate Board recorded 982 sales in September, down by eight per cent over August and by more than 10 per cent over September 2023. Again, seasonally adjusted sales were the second slowest in a decade in the Fraser Valley... 




August stats:


Friday, October 04, 2024

Buyers remain cautious to begin the fall market

Home sales registered on the MLS® in Metro Vancouver declined 3.8 per cent year over year in September, suggesting recent reductions in borrowing costs are having a limited effect in spurring demand so far.

Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 1,852 in September 2024, a 3.8 per cent decrease from the 1,926 sales recorded in September 2023. This was 26 per cent below the 10-year seasonal average (2,502)...


September stats:


Tuesday, October 01, 2024

To-Dos: Your October Home Checklist

The leaves are falling, pumpkins are showing up at market, and the cozy comforts of home beckon — it must be October. Make the most of this month’s bountiful harvest, get some exercise raking leaves in the brisk air, and button down your house in preparation for winter...




Thursday, September 26, 2024

What Is Feng Shui? How to Work the Basic Principles Into Your Home

Over the past 30 years, feng shui principles have developed a loyal following in the American interior design world, but the design philosophy has roots in ancient China. It originated in astrology, with ancient cultures designing burial plots to align with the stars. Over the centuries, practitioners refined it, expanding it into urban planning and finally into the home itself...

https://www.housebeautiful.com/design-inspiration/a32984796/feng-shui-guide/

Thursday, September 12, 2024

Two rate cuts not enough to ignite summer home sales in the Fraser Valley

The Fraser Valley residential resale market slowed again in August, as homebuyers continue to face affordability challenges. 

The Fraser Valley Real Estate Board recorded 1,067 sales in August, down by 13 per cent over last month and by 30 per cent over the 10-year seasonal average. August sales were the second slowest seasonally adjusted sales in a decade...




August stats:


Thursday, September 05, 2024

Sellers await buyers’ return after quieter summer market

Home sales registered on the MLS® in Metro Vancouver remained below their ten-year seasonal averages in August as summer holidays come to a close.

Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 1,904 in August 2024, a 17.1 per cent decrease from the 2,296 sales recorded in August 2023. This total was also 26 per cent below the 10-year seasonal average (2,572)...


August stats:


Sunday, September 01, 2024

To-Dos: Your September Home Checklist

Get your home ready for the season ahead by ticking off these to-dos, from adding cozy layers to scheduling necessary maintenance — and then curl up in your favorite chair and savor the comforts of home...




Tuesday, August 27, 2024

35 Pretty Living Room Paint Colors for Walls, Trim, Ceilings, and More

When decorating your home, the design decisions seem endless—from furniture and window treatments to rugs, artwork, and lighting. Perhaps one of the most critical choices is the backdrop that pulls all these elements together—your living room paint colors for the walls, the trim, and even the ceiling...

https://www.countryliving.com/home-design/color/g60216355/living-room-paint-color-ideas/

Tuesday, August 13, 2024

Cool summer market persists in Fraser Valley with second slowest July sales in a decade

Sluggish seasonally-adjusted sales and a continued rise in inventory has the Fraser Valley market slowly shifting to favour buyers. 

The Fraser Valley Real Estate Board recorded 1,230 sales in July, down by seven per cent over last month and down by 26 per cent over the 10-year seasonal average...




July stats:


Tuesday, August 06, 2024

More selection not translating to more transactions

On the demand side, the Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 2,333 in July 2024, a 5 per cent decrease from the 2,455 sales recorded in July 2023. 

There were 5,597 detached, attached and apartment properties newly listed for sale on the MLS® in Metro Vancouver in July 2024. This represents a 20.4 per cent increase compared to the 4,649 properties listed in July 2023...


July stats:




Photo courtesy of TOURISM VANCOUVER

Photo courtesy of TOURISM RICHMOND

Photo courtesy of CITY OF BURNABY

Photo courtesy of TOURISM NEW WESTMINSTER

Photo courtesy of CITY OF SURREY