Market Update

This section includes monthly updates for the Fraser Valley Real Estate Board and the Real Estate Board of Greater Vancouver.

Market Update, Market Update, Market Update

MARCH 2025 MARKET UPDATE

This month’s introduction is a little longer than usual. Whoops. I’ll take the extra few words to set the stage in light of our current economic instability and market forces before jumping into the stats. For those wanting to just jump into the numbers, scroll to the next section… but then scroll back to the […]
JANUARY 2025 MARKET UPDATE

SUMMARY – THE MARKET IS SHIFTING (AGAIN) January continued a trend we saw last year where sellers are listing their properties in healthy numbers and buyers are cautious but active. This results in a slower pace of sales and increasing inventory and has thus far kept price pressure down. Prices remain relatively flat (or very […]
November 2024 Market Update

OVERVIEW After the October jump in sales, sparked in part by the recent interest rate reductions, it looks like November returned closer to seasonal numbers. With upcoming mortgage changes set to come into effect on December 15th (see article here) and an upcoming December 11th rate decision from the Bank of Canada, I still believe […]
Market Update, Market Update, Market Update

September Market Update

Trevor, can you sum up the market in one sentence? Sure – Transitory real estate market stalls with buyers remaining on the sidelines, creating opportunity for others. How’d I do? SUMMARY Overall HPI Benchmark prices in the Fraser Valley and Surrey remain relatively flat with a slight decrease of approx. 1% compared to last year. […]

Market Update MARCH 2025 MARKET UPDATE This month’s introduction is a little longer than usual. Whoops. I’ll take the extra few words to set the stage in light of our current economic instability and market forces before jumping into the stats. For those wanting to just jump into the numbers, scroll to the next section… but then scroll back to the […]

JANUARY 2025 MARKET UPDATE SUMMARY – THE MARKET IS SHIFTING (AGAIN) January continued a trend we saw last year where sellers are listing their properties in healthy numbers and buyers are cautious but active. This results in a slower pace of sales and increasing inventory and has thus far kept price pressure down. Prices remain relatively flat (or very […]

November 2024 Market Update OVERVIEW After the October jump in sales, sparked in part by the recent interest rate reductions, it looks like November returned closer to seasonal numbers. With upcoming mortgage changes set to come into effect on December 15th (see article here) and an upcoming December 11th rate decision from the Bank of Canada, I still believe […]

Market Update September Market Update Trevor, can you sum up the market in one sentence? Sure – Transitory real estate market stalls with buyers remaining on the sidelines, creating opportunity for others. How’d I do? SUMMARY Overall HPI Benchmark prices in the Fraser Valley and Surrey remain relatively flat with a slight decrease of approx. 1% compared to last year. […]

August 2024 Market Update Happy first week of school! What a hectic week – but good to see all the little ones back to a routine. Let’s jump right into things – there’s a lot to cover for August. So without further ado… The HPI Benchmark prices remains relatively flat (less than 1% change in either direction) in the […]

July 2024 Market Update OVERVIEW Benchmark prices in the Fraser Valley are slightly lower compared to the same month one year ago (less than 1% difference). Many buyers remain on the sidelines BUT well-priced homes continue to sell. Having an experienced agent on your side can make the difference when looking for your dream home or investment. So let […]

Market Update June Market Update (& Mid-year prediction review) So here we are halfway through 2024. Wow – that happened too quickly! Summer has finally started to warm up! But has the real estate market also started warming? In this article, I’ll conduct a mini mid-year review and see how my 2024 predictions have panned out so far. You can see my 2024 market […]

Market Update May 2024 Market Update OVERVIEW Inventory has continued to increase with more sellers listing their homes for sale in May. Bank of Canada reduced their policy rate by .25%. All of this is positive for the market combining healthy inventory and more options for buyers. Sales however were slower than expected which has pushed inventory levels higher for the […]

March 2024 Market Update So… this month’s market analysis is pretty interesting. Highlights? Total inventory increased in the Fraser Valley – which gives buyers even more options. Inventory is at its highest levels in the Fraser Valley than in the past 5 years (for March). This is good news for buyers! Benchmark prices are up approximately 4.6% compared to […]

February 2024 Market Update Could it be an early Spring Market? What does the Real Estate GroundHog have in store for us this year? Overall, the HPI Benchmark prices were up year-over-year and month-over-month in the Fraser Valley and in the City of Surrey in each category of housing (Detached, Townhome & Apartments). Abbotsford also saw price gains month-over-month. […]

January 2024 Market Update Here is the January 2024 market overview. Starting this month I’ve incorporated more of the changes you have been asking for! You will find an overview for the Fraser Valley as a whole and a separate breakout for the City of Surrey. Hope you like the change. Overall, benchmark prices are up 5% year-over-year but […]

December 2023 Market Update and 2024 Predictions Here is the market update for December 2023. The New Year has sprung and hope you enjoyed some downtime with your loved ones over the holidays. It was wonderful having some family in town and spending time enjoying good drinks and eats! Now – it is time to tackle 2024 starting with a market update! […]

November 2023 Market Update Your November 2023 Newsletter and stats are in… and wow – a lot of activity and news this month! This is the last newsletter of 2023 so this month’s newsletter is a little longer than usual (haha bedtime reading?). Let’s just jump right into it! The short version of this is on my Instagram or […]

October 2023 Market Update Halloween has come and gone and the leaves continue their colour-parade into the Fall season. It’s a reminder that things continuously change… so on that note, let’s take a look at the market update for the month of October for the Real Estate Board of Greater Vancouver1 and for the Fraser Valley Real Estate Board2. Inventory […]

Market Update September 2023 Market Update The leaves are starting to change colours for one of my favourite times of the year. The colours, the cooler weather and fall sweater season is about to start! With that said, here is your market update for the month of September for the Real Estate Board of Greater Vancouver1 and for the Fraser Valley Real […]