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

News Release: February 3, 2009 January housing sales volume slows to historic levels in Fraser Valley          (Surrey, BC) – A total of 389 sales were processed through Fraser Valley’s MLS® in January, a decrease of 59 per cent compared to 956 sales in January 2008 and comparable to January sales figures last seen in the early 1980s, according to statistics from Fraser Valley Real Esta ...

New Listings: 38 Price Changes: 37 Listings Sold: 9

I just finished uploading this Condo for sale, 1604 13880 101 Ave, North Surrey, British Columbia HUGE 1315 SF.Better than new, comp retrofitted with rain screen and METAL panel ext with warranty till 2017! Also boasts new energy efficient ARGON windows, balc railings,common areas freshly painted in designer colors, new carpeting, digital intercom and remodeled lobby area. Unit is a sub pent ...