Blog
AUGUST 2021 STATISTICS
A market of extremes: near record sales in August combined with lowest supply in four decades 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....
JULY 2021 STATISTICS
Manny Knows Mission Meet Manny, a lifetime Mission resident who loves his community. Having lived in Mission his entire life, Manny is quick to recognize and showcase how caring and welcoming our community really is. And that is how his slogan came about, “Manny knows...
JUNE 2021 STATISTICS
One of the most beautiful and natural wonders attached to our wonderful hometown is, of course, the Fraser River. The Mighty Fraser is the longest river within British Columbia, Canada, rising at Fraser Pass in the Rocky Mountains and flowing for 1,375 kilometres,...
THINGS TO DO IN OUR COMMUNITY
Recently, the Mission Record published a magazine filled with 101 different things to do in our community, and the surrounding area. It was an interesting and informative read, and fun to see what someone like myself has and hasn’t done, having grown up in Mission....
APRIL 2021 STATISTICS
Summer is quickly approaching and with summer, comes the excitement of outdoor recreational activities. Camping is a great way to leave behind the stress and chaos of everyday life by allowing yourself to dissolve into the beauty of the landscape and truly reconnect...
MARCH 2021 STATISTICS
Mission has the capability to draw in people and entice them to move to our small community; Proximity to Vancouver. Proximity to International Airports. Proximity to US Border. Waterfront. The TransCanada Highway is close and the Lougheed Highway runs right through...
FEBRUARY 2021 STATISTICS
February has now marked the sixth consecutive month for record breaking sales in the Fraser Valley. New Listings for detached homes in Mission have increased by 24.2% since this time last year. Sales are up by 95.1%. Mission Townhouse sales remain fairly consistent...
FULL STEAM AHEAD FOR JANUARY AND FEBRUARY
Full steam ahead for January and February and the market doesn’t seem to be slowing down at all. Realtors are starting to experience record sales, now that working from home seems to promise to become the new normal. In more common times, the majority of people...
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...
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 those...
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...
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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