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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:




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