Transition !

Posted on Mar 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 shif...

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Stabilizing !

Posted on Feb 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...

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2017 Begins!

Posted on Jan 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...

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In Transition!

Posted on Oct 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...

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Market Simmer

Posted on Sep 06, 2016

As you can see from the above graph the market has started to simmer after we just experienced the sharpest and quickest price increase in the last 25 years! Although it looks drastic sales have just adjusted to a more normal level and although it appears we are seeing downward pressure on pricing, many of the homes selling under list price were op...

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Hard To Keep Up With It!

Posted on Mar 16, 2016


Just when we thought we had started to see the market settle it once again broke loose and from Mid January to current we have seen another 20% price increase on many detached properties ! Townhouse sales have started to also move briskly with increased demand due to people downsizing and also the affordability factor!  Stay tuned!

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