News

Fraser Valley Real Estate Board

Friday, July 3, 2020 3:48:17 PM UTC
Property sales in the Fraser Valley more than double in one month as buyers return to the market

SURREY, BC – The Fraser Valley real estate market saw a resurgence in activity in June as the industry and consumers continue to successfully adapt to doing business during a pandemic.

The Fraser Valley Real Estate Board (FVREB) processed a total of 1,718 sales on its Multiple Listing Service® (MLS®) in June, an increase of 113.4 per cent compared to sales in May and an increase of 31.5 per cent compared...

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FVREB closed July 1 for Canada Day
The Board will be closed on Wednesday, July 1 for the Canada Day holiday.

Regular hours will resume on Thursday, July 2.

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Serious risks of non-compliance to COVID-19 safety protocols

by Baldev S. Gill, Chief Executive Officer

Serious risks of non-compliance to COVID-19 safety protocols

It has come to the Board’s attention that some members and brokerages are not complying with WorkSafeBC’s required protocols for the real estate industry for the safe return to business during COVID-19.

Per the government’s guidelines, REALTORS® should refrain from holding Open Houses, avoid in-person...

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New CMHC mortgage insurance rules take effect July 1

In Canada, mortgage insurance is required for all home purchases involving down payments of less than 20 per cent. To curb demand from risky borrowers and to stabilize prices, the Canada Mortgage and Housing Corporation (CMHC) is introducing new rules that will make it tougher to qualify for coverage in their mortgage insurance plan. The rules, which take effect on July 1, 2020, are as follows:

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Must read for all REALTORS®: Showing homes in a COVID-19 world

by Paul Cowhig, Advisor, Professional Standards

Whether you believe it is necessary at this time or not, all Realtors need to be vigilant in demonstrating care and concern for the health of others.

Without a doubt, COVID-19 is impacting “every step a Realtor takes.” Please, for the sake of the profession, it’s too early to relax!

This is not going away any time soon. This is not temporary. This is likely...

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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.