(May 15, 2017)
The spring market is once again in full swing with very strong activity in the condo and townhouse sectors! Detached homes are also moving steady with more activity in the lower price points!
It would appear that the relative unaffordability of detached homes has caused a major push into the more affordable strata market! We have seen fairly significant price increases for both condo`s and townhous... read more
(March 14, 2017)
The market continues to be in transition particularly where detached properties are concerned. Affordability and financing approvals are proving to be a challenge which explains why we are seeing such strong activity in the affordable townhouse and condo segments of the market!
The rental market in the Vancouver area has also seen a significant shift with extremely low vacancy rates and rents pushi... read more
(February 10, 2017)
As you can see from the above graph showing number of sales by property type.Detached Homes, Townhomes and Condo`s have all evened out to roughly the same sales volume. Unlike last year at this time when Detached Properties were far outselling strata !
Strata properties are currently very active with many seeing multiple offers and brisk activity.It would appear that the price of a detached home in... read more
(January 06, 2017)
2016 finished as having the highest sales on record in the Fraser Valley ! It was an interesting year to say the least with a huge boost in prices occurring during the first 6 months and a subsequent cooling in the latter half of the year.
After the dust has settled most properties experienced a net increase of at least 20% ! As you can see from the graph above showing average sale prices for the l... read more
(October 14, 2016)
The market is currently undergoing a significant transition from the lofty highs of earlier this year!
The combination of the 15% buyer tax and recent changes imposed by the federal government on high ratio mortgages and foreign investment have completely dampened an already slowing market!
Prices are softening and we have already seen evidence of a 10% change for many property types! As always ther... read more