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Fraser Valley home sales fell more than 20 per cent in August, but buyers who did get into the market were able to take advantage of favourable conditions including abundant choice, softer prices and more time to make decisions

Summer home buying opportunities remain ripe for the picking, but sales remained virtually unchanged again in July as seasonal buying patterns kicked in.

Market conditions are ideal for Fraser Valley home buyers this summer, but the persistent gap between buyers’ and sellers’ price expectations continues to suppress sales. The Fraser Valley Real Estate Board recorded 1,190 sales on its Multiple Listing Service® (MLS®) in July, down half a per cent from June and down three per cent year-over-year. July sales were 23 per cent below the 10-year average.

Economic uncertainty continued to be the main driver in buying decisions as home sales in the Fraser Valley remain mostly unchanged, despite abundant inventory and lower prices. The Fraser Valley Real Estate Board recorded 1,195 sales on its Multiple Listing Service® (MLS®) in June, up one per cent from May, but nine per cent below sales from June 2024 and 33 per cent below the 10-year average.

On the heels of a quiet April, Fraser Valley home sales saw a modest but encouraging uptick in May — a sign that buyer confidence may slowly be returning to the market. The Fraser Valley Real Estate Board recorded 1,183 sales on its Multiple Listing Service® (MLS®) in May, up 13 per cent from April. Despite the increase, sales were 22 per cent below May 2024 levels and 36 per cent below the 10-year seasonal average.

May saw a much-needed bump to homes sales in the Fraser Valley. Despite that, it’s still a buyer’s market.

Abundant listings and stable prices are not enough to drive April sales in the Fraser Valley

Home buyers in the Fraser Valley are enjoying a selection of homes for sale not seen in more than a decade. The growing inventory of more than 10,000 active listings means, in many cases, that buyers have time, selection and price negotiation on their side.

Tariffs and ongoing economic uncertainty are stalling the start to the spring resale market in the Fraser Valley.

March home sales in the Fraser Valley remained nearly 50 per cent below the 10-year average — making for the slowest start to the spring market in more than 15 years. The Fraser Valley Real Estate Board recorded 1,036 sales in March, up 13 per cent from February, but still 26 per cent below sales recorded this time last year 

For the first time in four months, home sales in the Fraser Valley have increased as buyers capitalize on more selection and weakening prices. The Fraser Valley Real Estate Board recorded 920 sales in February, up 13 per cent from January, but 26 per cent below sales recorded in February 2024.

Growing inventory and stable prices could lead to opportunities for buyers in the Fraser Valley market this winter despite uncertain economic conditions.

Annual home sales in the Fraser Valley hit another decade-low in 2024. But there are signs of increased optimism for the 2025 market. What does this mean if you are looking to buy or sell this year? Our team is here to provide guidance—reach out anytime for expert advice!

Bank of Canada interest rate cuts that began mid-year were not enough to ease the affordability crisis for many home buyers in the Fraser Valley in 2024, leading to a decline in annual sales.

Following a healthy boost in sales in October, Fraser Valley home sales dropped in November as slower seasonal buying trends set in amid balanced market conditions.

Rising home sales in the Fraser Valley may be a sign that the series of interest rate cuts by the Bank of Canada are helping to improve buyer confidence. What does this mean if you are looking to buy or sell?  Our team is here to provide guidance—reach out anytime for expert advice!

Home sales in the Fraser Valley increased for the first time in five months following a sizable interest rate cut by the Bank of Canada in October. The Fraser Valley Real Estate Board recorded 1,330 sales in October, up 35 per cent from September, and 37 per cent year-over-year.

Despite three interest rate cuts by the Bank of Canada, Fraser Valley home sales are falling with the season. What does this mean if you are looking to buy or sell? Our team is here to provide guidance—reach out anytime for expert advice!

With active inventories hitting levels not seen in 10 years and sales 30 per cent below the 10-year average, Fraser Valley real estate is building towards a buyer’s market if sales continue to lag. The Fraser Valley Real Estate Board recorded 982 sales in September, down by eight per cent over August and by more than 10 per cent over September 2023. Again, seasonally adjusted sales were the second slowest in a decade in the Fraser Valley.

LOCUS is the Fraser Valley Real Estate Board’s flagship publication, giving public voice to its perspective on housing and real estate matters.

Summer sales failed to ignite in the Fraser Valley despite two mid-year interest rate cuts by the Bank of Canada. Considering buying or selling this fall? Our team is here to provide guidance—reach out anytime for expert advice!

The Fraser Valley residential resale market slowed again in August, as homebuyers continue to face affordability challenges. The Fraser Valley Real Estate Board recorded 1,067 sales in August, down by 13 per cent over last month and by 30 per cent over the 10-year seasonal average. August sales were the second slowest seasonally adjusted sales in a decade.

Healthy levels of inventory at the mid-point of summer haven’t been enough to entice buyers back to the Fraser Valley market. Sales were down from June and from July 2023.

Sluggish seasonally-adjusted sales and a continued rise in inventory has the Fraser Valley market slowly shifting to favour buyers. The Fraser Valley Real Estate Board recorded 1,230 sales in July, down by seven per cent over last month and down by 26 per cent over the 10-year seasonal average

Sluggish June home sales in the Fraser Valley and rising inventory are starting to shift the market in favour of buyers.  Home sales were down, both month-over-month and year-over-year, while the number of homes listed for sale increased for the sixth straight month.

The policy rate cut of 25 basis points by the Bank of Canada on June 5 was not enough to rally home sales in the Fraser Valley last month. The Fraser Valley Real Estate Board recorded 1,317 sales in June, down by 13 per cent over last month and by more than 30 per cent over both last year and the 10-year seasonal average.

Inventory in the Fraser Valley has reached levels not seen in nearly five years, thanks to seasonally low home sales in May. This has led to a balanced market heading into the summer months and softening prices.

The supply of available homes in the Fraser Valley market continued to build last month, however buyers remained relatively hesitant. This led to a cooler resale market in April.

Inventory levels are building in the Fraser Valley and that’s good news for buyers looking for more options. But prices are also rising and that’s good news for sellers. 

The supply of available homes in the Fraser Valley market continued to build last month, however buyers remained relatively hesitant. This led to a cooler resale market in April.

LOCUS is the Board’s flagship publication, giving public voice to its perspective on housing and real estate matters.

March home sales growth off last month’s pace, but supply still building in the Fraser Valley. Home buyers in the Fraser Valley have more choices heading into the spring market.

Inventory levels are building in the Fraser Valley and that’s good news for buyers looking for more options. But prices are also rising and that’s good news for sellers. 

Home sales in the Fraser Valley posted a second consecutive bump in February as new listings continue to rise and trend slightly above the 10-year seasonal average. 

Home sales, prices, and inventory in the Fraser Valley are on the rise as we head towards a spring market. Interest is picking up from both buyers and sellers with more traffic at open houses and more homes being listed. 

After six consecutive months of declining sales, the Fraser Valley real estate market showed signs of recovery in January, with both sales and new listings on the rise. With interest rates holding steady, buyers and sellers are starting to come off the sidelines and market activity is picking up. 

The Fraser Valley real estate market showed signs of recovery in January as home sales rose after six consecutive months of decline, and new listings more than doubled.

The proposed BC home flipping tax applies to income you realize from the sale of properties in British Columbia if you have owned them for less than 2 years. The tax, which is subject to legislative approval, is separate and distinct from the federal property flipping rules and is not harmonized or administered with the federal or B.C. income tax.

The first time home buyers' program reduces or eliminates the amount of property transfer tax you pay when you purchase your first home. If you qualify for the program, you may be eligible for either a full or partial exemption from the tax.

The newly built home exemption reduces or eliminates the property transfer tax on qualifying purchases of a principal residence.

When you purchase or gain an interest in property that is registered at the Land Title Office, you or your legal professional must file a property transfer tax return and you must pay property transfer tax, unless you qualify for an exemption.

LOCUS is the Board’s flagship publication, giving public voice to its perspective on housing and real estate matters.