Blog
FRASER VALLEY REAL ESTATE BOARD MONTHLY STATISTICS PACKAGE NOVEMBER 2020
Although the Fraser Valley housing market expected moderate activity due to the season, there is a strong desire for family-sized homes. Their benefits continue to dominate the market with another record-breaking month. We’ve seen the strongest demand in our Board’s...
FRASER VALLEY REAL ESTATE BOARD MONTHLY STATISTICS PACKAGE MAY 2020
Fraser Valley housing market activity increases as buyers and sellers adapt to the new environment, we are currently living in. Although there was a 47% decrease in the number of MLS listings in May compared to last year, this is still an encouraging sign for Real...
FVREB eMemo – COVID-19 – BC government offers eviction protection to Commercial tenants
FVREB eMemo: BC government offers eviction protection to Commercial tenants eMemo #4057 – June 3, 2020 To: All Members BC government offers eviction protection to Commercial tenants On June 1, BC’s Minister of Finance Carole James applied more pressure on Commercial...
WHAT IS AN OFFICIAL COMMUNITY PLAN (OCP)?
An Official Community Plan (OCP) represents a community’s vision for the future and provides a framework to guide growth and decisions about the use and management of land and resources in the municipality. The OCP describes how and where residential, commercial,...
April 2020 Statistics
Through-out April, the Real Estate market adapted to the public health measures to mitigate COVID-19. As expected, there was a large decrease in activity which resulted in one of the slowest Aprils in Fraser Valley history. The Fraser Valley hasn’t seen sales this low...
WHAT ARE CONTINGENCIES ON A CONTRACT?
Contingencies (Subjects) are commonplace in contracts of all kinds. A subject allows for one party or another to legally back out of a contract on the event of some specific condition occurring. They are protection against the unknown. In real estate, there can be...
Canadian Retail Sales (Feb) – April 21, 2020
Seasonally-adjusted Canadian retail sales were up by 0.3% in February at $52 billion. The rise in February was driven by auto dealers and general merchandise stores. Sales were up in 6 of 11 sub-sectors, representing 63% of retail sales. Some retailers reported that...
COVID-19 is Impacting the Market
An extremely bold move was made by the Bank of Canada on March 4th, 2020 by slashing its key interest rate to 1.25%. In an attempt to keep the economy moving this drop was by 50 basis points. Not only has COVID-19 played a role, so has the winter weather, the rail...
Open House Saturday March 14, 2020
29932 SILVERDALE AVENUE, Mission, Mission BC Between 02:00PM to 04:00PM Great opportunity with this .78 acre parcel of usable land which is in an excellent location with easy access to Mission and Maple Ridge. Perfect for the family who wants to get away from...
FEBRUARY PROPERTY SALES
February property sales in the Fraser Valley finished above the 10-year average for the month. New listings came in 3 percent lower, making the overall inventory at historically below-average levels. The FVREB processed 35 detached home sales in Mission on MLS in...
JANUARY REAL ESTATE STATS FOR MISSION, BC
The Fraser Valley Real Estate Board processed 46 Detached Homes, 12 Townhomes and 6 Apartment Listings in January 2020 vs 67 Detached Homes, 6 Townhomes and 4 Apartment listings in January 2019 in Mission. A total of 36 houses were sold in January 2020. Out of...
8363 MCTAGGART STREET, Mission BC V2V 6S6
Located in one of Mission's hidden executive subdivisions, Ferncliff Estates. This 3,663 sqft home is located on a 7,203 soft lot in a great family neighborhood. Luxurious basement entry home with beautiful Kitchen featuring a large island, quartz countertops, tons of...
33939 MCPHEE PLACE, Mission BC V2V 0E7
Don't miss your chance to own this amazing 3 year old 3 story home, located in one of Mission's newest neighborhoods. From the high quality workmanship to the attention to the smallest detail this home will impress. This bright well laid out 6 bed+den, 6 bath home...
BCREA 2020 First Quarter Housing Forecast Update
To view the BCREA Housing Forecast Update PDF, click here. For immediate release BC Homes Sales Carry Momentum into 2020 BCREA 2020 First Quarter Housing Forecast Update Vancouver, BC – January 23, 2020. The British Columbia Real Estate Association (BCREA) released...
BCREA Economics
Bank of Canada Interest Rate Announcement - January 22, 2020 The Bank of Canada held its overnight rate at 1.75 per cent this morning. In the statement accompanying the decision the Bank noted that while economic growth slowed in the fourth quarter, the global economy...
32603 SALSBURY AVENUE – Mission BC – V4S 1M3
GREAT AREA & HOME! Pride of ownership shows in every inch of this beautiful, well appointed 5 bed+den, 3 bathroom basement entry home in Cedar Valley Estates. Walking distance to schools and transit, 5 minutes from town with easy access to Westcoast Express and the...
8363 MCTAGGART STREET – Mission BC – V2V 6S6
Located in one of Mission's hidden executive subdivisions, Ferncliff Estates. This 3,663 sqft home is located on a 7,203 soft lot in a great family neighborhood. Luxurious basement entry home with beautiful Kitchen featuring a large island, quartz countertops, tons of...
Vancouver, BC – January 13, 2020
For immediate release Housing Markets Flat in 2019 After Strong Second Half Vancouver, BC – January 13, 2020. The British Columbia Real Estate Association (BCREA) reports that a total of 77,331 residential unit sales were recorded by the Multiple Listing...
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