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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:


Tuesday, April 02, 2024

To-Dos: Your April Home Checklist

With lengthening days and milder temperatures in many parts of the country, April is a wonderful time to freshen up the home inside and out...




Saturday, March 09, 2024

Sales, listings continue to pick up heading into spring

Home sales in the Fraser Valley posted a second consecutive bump in February as new listings continue to rise and trend slightly above the 10-year seasonal average. 

The Fraser Valley Real Estate Board recorded 1,235 transactions on its Multiple Listing Service® (MLS®) in February, a 32 per cent increase over January but still 21 per cent below the 10-year average for sales in the region. New listings increased to 2,797 in February, up 18 per cent from January and 4 per cent above the 10-year average...


February stats:


Monday, March 04, 2024

Home sellers active, bring much-needed inventory to housing market

While Metro Vancouver home sellers appeared somewhat hesitant in January, new listings rose 31 per cent year-over-year in February, bringing a significant number of newly listed properties to the market.

Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 2,070 in February 2024, a 13.5 per cent increase from the 1,824 sales recorded in February 2023...


February stats:


Friday, March 01, 2024

To-Dos: Your March Home Checklist

The first official day of spring this year is March 19. So whether there’s still snow on the ground or flowers in bloom, you can rest assured that nicer weather is on its way. Usher in the new season with a bit of spring cleaning, some fresh flowers and — if you can get outdoors — a little dirt under your fingernails... 

https://www.houzz.com/magazine/to-dos-your-march-home-checklist-stsetivw-vs~60678629

Saturday, February 24, 2024

The 50 Best Exterior House Colours for Serious Curb Appeal

Choosing the right modern paint color for your home’s exterior can not only have a major effect on the vibe of your house, but also showcase the geographical region or time period in which your home was built... 

https://www.elledecor.com/design-decorate/color/g9135464/exterior-house-colors

Thursday, February 22, 2024

Government of British Columbia announces 20% Home Flipping Tax

The proposed BC home flipping tax applies to income you realize from the sale of properties in British Columbia if you have owned them for less than 2 years. 

The tax, which is subject to legislative approval, is separate and distinct from the federal property flipping rules and is not harmonized or administered with the federal or B.C. income tax...

https://www2.gov.bc.ca/gov/content/taxes/income-taxes/bc-home-flipping-tax

Friday, February 09, 2024

Signs of stability in Fraser Valley housing market

The Fraser Valley real estate market showed signs of recovery in January as home sales rose after six consecutive months of decline, and new listings more than doubled.

The Fraser Valley Real Estate Board recorded 938 transactions on its Multiple Listing Service® (MLS®) in January, a 12 per cent increase over December and below the 10-year average for sales in the region...


January 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