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Tuesday, June 11, 2024

Spring inventory continues to build in the Fraser Valley to levels not seen in nearly five years

Slower seasonal sales helped build inventory to its highest level since September 2019 in the Fraser Valley in May, creating more balanced market conditions for home buyers and sellers. The increase in supply over the past several months has further contributed to a softening of price growth, which is good news for buyers. 

Active listings increased eight per cent from April to May to 7,904 — up 42 per cent over May 2023 and 19 per cent above the 10-year average...


May stats:


Tuesday, June 04, 2024

Home sales down in May while inventory continues to increase

The number of transactions on the Multiple Listing Service® (MLS®) declined in May compared to what is typical for this time of year in Metro Vancouver. This shift has allowed the inventory of homes available for sale to continue to accumulate with over 13,000 homes now actively listed on the MLS® in the region.

The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 2,733 in May 2024, a 19.9 per cent decrease from the 3,411 sales recorded in May 2023...


May stats:


Saturday, June 01, 2024

To-Dos: Your June Home Checklist

Summer officially begins June 20, but why wait until then to get into the summer spirit?                         Get your house ready for summer with a mix of maintenance musts and breezy room refreshes... 




Friday, May 24, 2024

Buying a second home: How it works in Canada

Here’s what home owners and investors should know about the rules, financing options and tax implications of buying a second property...

https://www.moneysense.ca/spend/real-estate/buying-a-second-home-how-it-works-in-canada/

Friday, May 10, 2024

Modest increase in April home sales in the Fraser Valley takes lead from cooler spring weather

Supply of available homes in the Fraser Valley market continued to build last month, however buyers remained relatively hesitant, leading to a cooler resale market in April.

The Fraser Valley Real Estate Board recorded 1,471 transactions on its Multiple Listings Service® (MLS®) in April, up 5 per cent from March, but off by 5 per cent compared to April 2023... 


April stats:



Friday, May 03, 2024

Inventory reaches highest level since the pandemic summer of 2020

Actively listed homes for sale on the MLS® in Metro Vancouver continued climbing in April, up 42 per cent year-over-year, breaching the 12,000 mark, a number not seen in the region since the summer of 2020.

Greater Vancouver REALTORS® (GVR) reports that residential sales3 in the region totalled 2,831 in April 2024, a 3.3 per cent increase from the 2,741 sales recorded in April 2023. This was 12.2 per cent below the 10-year seasonal average (3,223)...


April stats:


Wednesday, May 01, 2024

To-Dos: Your May Home Checklist

From scheduling house painting to organizing your outdoor cooking tools, tick these 12 items off your to-do list so you can get to the good stuff: hanging out around the grill, kicking back on the porch and savoring the season... 

https://www.houzz.com/magazine/to-dos-your-may-home-checklist-stsetivw-vs~64735095

Thursday, April 11, 2024

March home sales growth off last month’s pace, but supply still building in the Fraser Valley

Home buyers in the Fraser Valley have more choice heading into the spring market with inventory levels for March at the highest they’ve been in the past five years.

However, March sales were slower than anticipated with 1,395 transactions recorded on the Fraser Valley Real Estate Board’s Multiple Listings Service® (MLS®), a 13 per cent increase over February, but still 31 per cent below the 10-year average. Sales were the second lowest recorded for a March in a decade. Active listings were 6,197, up by 11 per cent over last month and by 37 per cent over March 2023...


March stats:


Thursday, April 04, 2024

Increased seller activity is giving buyers more choice this spring

The number of Metro Vancouver homes listed for sale on the MLS® rose nearly 23 per cent year-over-year, providing more opportunity for buyers looking for a home this spring.

The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 2,415 in March 2024, a 4.7 per cent decrease from the 2,535 sales recorded in March 2023...


March 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