Jan Baxter - Blog

✨MONTHLY UPDATE | JUNE 2024✨

Posted on Jul 01, 2024

Fraser Valley home sales fall despite Bank of Canada rate cut

“With seasonally slow sales in June and a steady increase in inventory, we’d expect to see affordability improve,” said Jeff Chadha, Chair of the Fraser Valley Real Estate Board. “However, prices in the Fraser Valley remained relatively flat. That said, despite slow sales, properties that...

✨MONTHLY UPDATE | MAY 2024✨

Posted on Jun 01, 2024

Spring inventory continues to build in the Fraser Valley to levels not seen in nearly five years

“We are seeing an influx of inventory this spring, primarily due to slower than usual spring sales,” said Jeff Chadha, Chair of the Fraser Valley Real Estate Board. “Growing inventory levels are helping to create a healthy balance in the market, giving b...

✨MONTHLY UPDATE | APRIL 2024✨

Posted on May 01, 2024

Modest increase in April home sales in the Fraser Valley takes lead from cooler spring weather

“We are seeing a relatively calm and balanced market right now,” said Jeff Chadha, Chair of the Fraser Valley Real Estate Board. “Which means buyers have time to shop around and purchase a home without the pressure of a few years ago, and while prices are...

✨MONTHLY MARKET UPDATE | MARCH 2024✨

Posted on Apr 01, 2024

Home buyers in the Fraser Valley have more choice heading into the spring market with inventory levels for March at the highest they’ve been in the past five years.

“With inventory building, buyers now have more opportunities in both the detached and attached markets compared to one year ago,” said Jeff Chadha, Chair of the Fraser Valley Real Estate...

✨MONTHLY MARKET UPDATE | FEBRUARY 2024✨

Posted on Mar 01, 2024

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.

“There is somewhat of a buzz in the market right now,” said Narinder Bains, Chair of the Fraser Valley Real Estate Board. “We are seeing new listings come onto the market and REALTORS® c...

✨MONTHLY MARKET UPDATE | JANUARY 2024✨

Posted on Feb 01, 2024

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.

“With January sales on the rise, we are seeing hopeful signs that optimism is returning to the market,” said Narinder Bains, Chair of the Fraser Valley Real Estate Board. “Anticipat...