June 15, 2022 |
Thanks to the increase from Bank of Canada, the market has definitely shifted. Prices have come down big time and buyer interest has dwindled. May and now June have seen a drastic reduction in market activity because of this.
June 8, 2022 |
You may have noticed that there are price reductions on homes almost everywhere as sellers are all trying to vye for buyers' attention. This is a unique time in the Fraser Valley. First-time home buyers have a great opportunity to get into a home.
June 1, 2022 |
Just as many other countries did, Canada reduced lending rates in the early days of the COVID-19 pandemic. But those record-low borrowing rates have contributed to rising inflation, which is what's prompting the central bank to change direction.
May 25, 2022 |
Great time if you've been looking to buy. Prices are flexible, negotiations available. Lots of inventory out there to let you pick from the cream of the crop.
May 18, 2022 |
Slower market, still a low amount of inventory (slight increase to just over 5500 active listings in the FVREB), and a slight decrease in sales from this time last month. All of this which is affecting home prices.