For immediate release BC Home Sales Trend Higher Vancouver, BC – November 15, 2010. The British Columbia Real Estate Association (BCREA) reports that Multiple Listing Service® (MLS®) residential sales in the province declined 36 per cent to 5,507 units in October compared to the same month last year. On a seasonally adjusted basis, MLS® residential unit sales in the province increased 2 per ...

News Release: November 2, 2010   Fraser Valley housing market “getting back to normal”       (Surrey, BC) – Fraser Valley’s real estate market moved towards balance in October as inventory continued to decrease and sales and prices remained stable.   A total of 1,014 sales were processed on the Fraser Valley Real Estate Board’s Multiple Listing Service® in October, a decrease of 3 per ...

FVREB News Sept 20, 2010  It’s not quite a "tale of two markets," but the differences are apparent when you overlay two graphs from the Fraser Valley Real Estate Board (FVREB) and Real Estate Board of Greater Vancouver (REBGV) showing the ratio of sales to active listings over the past year. Comparing the volume of sales to available inventory is a common market "barometre" used by indus ...

  For immediate release: June 28, 2010Laurie Dawson  MAJORITY OF ATTACHED HOMES IN FRASER VALLEY FALL UNDER HST THRESHOLD   SURREY, BC – The Fraser Valley will offer buyers of new homes noticeable savings after July 1 when the Harmonized Sales Tax (HST) comes into effect, according to the Fraser Valley Real Estate Board. Deanna Horn, President of the board explains, “Since the majority o ...

Is the market reality finally settling in? For months I have been saying that most of the listing right now are overpriced. This has caused the buyers to pull back and make the market appear to be slowing down. Now it seems alot of sellers that were not very serious and/or are getting frustrated with the lack of activity caused by a swamped inventory are withdrawing from the market. This leav ...

Excerpts from the FVREB President's Column.The BC government has raised the Provincial HST new housing rebate threshold to $525,000 from $400,000 AND increase the maximum rebate to $26,250 from $20,000. What difference does that make? To give you an idea, of the 137 new homes (detached and attached) that sold on Fraser Valley’s MLS® in April (with an age of zero), 22 properties sold for betw ...

For immediate release: January 5, 2010 YEAR OF THE REAL ESTATE REBOUND FOR FRASER VALLEY (Surrey, BC) – Results from Fraser Valley Real Estate Board’s Multiple Listing Service (MLS®) in December reflect the real estate story of 2009: recovery. “In 12 months, we went from the worst January in 20 years to the third best December,” said Paul Penner, President of the Board. “Home buyer ...

For Immediate Release: March 3, 2009 REALTORS® SEE SIGNS OF SPRING IN FRASER VALLEY HOUSING MARKET (Surrey, BC) – February sales on Fraser Valley’s Multiple Listing Service® (MLS®) experienced a typical ‘early spring’ surge, increasing by 75 per cent in one month from 389 sales in January to 682 last month. However, by historical standards, they continued to refl ect sales levels last seen ...

New-home building to take a dive, CMHC says Prices could fall another 10 per cent this year, according to forecast. BY DERRICK PENNER, VANCOUVER SUN FEBRUARY 20, 2009 The balancing of supply and demand in British Columbia housing markets should result in a 34-per-cent decline in housing starts and a further 10-per-cent slide in home prices, according to Canada Mortgage and Housing Corp.'s l ...

New Listings: 66 Price Changes: 47 Sold Listings: 17