News

Fraser Valley Real Estate Board

Friday, September 17, 2021 4:42:29 PM UTC
VIDEO: Starved for supply; lowest Fraser Valley inventory in over four decades
Property sales in the Fraser Valley were solid in August – in fact, the second highest ever for the month – which is remarkable considering buyers didn’t have a lot to choose from.

That’s the focus in this edition of Eye on the Market. Board President, Larry Anderson headed to one of the fastest growing neighbourhoods in South Surrey to talk about the lack of supply.

Run time: 3 minutes 12 seconds

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A market of extremes: near record sales in August combined with lowest supply in four decades

SURREY, BC – Demand for Fraser Valley real estate remained elevated in August reaching the second highest sales ever for the month against a backdrop of decreasing supply.

The Board processed a total of 2,087 property sales on its Multiple Listing Service® (MLS®) in August, an increase of 4.0 per cent compared to July and a 2.4 per cent increase compared to the same month last year.  Sales remained...

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September 30, 2021, Office Closure National Day for Truth and Reconciliation
by Rock Lefebvre, Chief Operating Officer

Today’s eMemo contains the following updates:

  • Bill C-5 recognizes September 30 of every year as a federal statutory holiday called the National Day for Truth and Reconciliation

Clients of yours having a scheduled September 30th closing date on a real estate purchase or sale will most likely be required to change that date due to the new statutory holiday proclaimed...

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VIDEO: Softening of the market; but you wouldn’t know it in this part of the Fraser Valley
For our July ‘Eye on the Market’, we headed to one of the most famous – and sought-after – communities in the Fraser Valley.

Cloverdale is the third largest community within Surrey and is famous for it’s rodeo, railway, and historic charm.

As Board President, Larry Anderson, explains, certain housing market trends in Cloverdale reflect what’s happening across our entire region.

Run time: 2 minutes 53...

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Fraser Valley home sales remained steady in July; lowest supply in forty years

SURREY, BC – Market activity in the Fraser Valley – both sales and new listings – softened in July, however buyers continued to significantly outnumber sellers resulting in inventory reaching the lowest for the month since 1981.

The Board processed a total of 2,006 property sales on its Multiple Listing Service® (MLS®) in July, a decrease of 11 per cent compared to June and a 4.5 per cent decrease compared...

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