Market stats

After a strong two years of price appreciation, Canadian home prices are said to increase significantly in 2022. While it’s not as intense as previous years, a new forecast is showing that Canada’s average home price is set to rise over 10% in 2022.  An increase in prices accompanied an increase in sales. CREA’s house price index reported a year-over-year increase of 25.3 per cent in...

The BC Government recently announced its intent to introduce legislation in Spring 2022 that will mandate a cooling off period for buyers of all residential real estate. A cooling off period gives buyers the right to withdraw from a purchase agreement within a specified time period after an offer has been accepted. Until now, BC's residential real estate had been functioning without a cooling off...

If you have been to Surrey Central or driven past it lately, you probably had to take a second look, and make sure you weren’t seeing things. It is noticeably changing! Some are shocked to see the already drastic changes that have come into the city with many new high rises, mid-rises, and commercial buildings under construction and soon to be completed.With efforts to become Surrey's new ‘Downtown’...

Over the next decade (2019-2029), there will be 861,000 job openings in BC, according to the British Columbia Labour Market Outlook. 69% of these future job openings will be to replace workers leaving the labour force.598,000 job openings will be due to retiring workers will need to be replaced.31% of the 10-year total job openings will be new jobs created through economic...

Is the Fraser Valley real estate market about to experience “fading momentum” and “some cooling” in the second half of 2021? After posting record gains over the last 15 months, including in May, it is widely anticipated that the housing sector in Fraser Valley and outside the Metro Vancouver area will begin to witness a decrease in sales activity and a slowdown in price growth. While...

SURREY, BC – Demand for Fraser Valley real estate remained elevated in August reaching the second highest sales ever for the month against a backdrop of decreasing supply. The Board processed a total of 2,087 property sales on its Multiple Listing Service® (MLS®) in August, an increase of 4.0 per cent compared to July and a 2.4 per cent increase compared to the same month last year....