The Fraser Valley Real Estate Board’s Multiple Listing Service® (MLS®) saw the second highest number of property sales and the highest number of new listings in August within the last two decades, when 2,298 sales were recorded in August 2005.
At a time when engineers, designers and builders are looking for eco-friendly solutions, a centuries-old building material — wood — is increasing in popularity.
Can you imagine a wooden skyscraper? It’s not as far-fetched as you may think. And a growing number of architects, engineers and manufacturers in British Columbia are keen to prove it.
In May, Fraser Valley listings and property sales started to bounce back as REALTORS® helped their clients adjust to the new, necessary safety measures required to buy and sell a home during the provincial state of emergency due to COVID-19.
The most recent report of Fraser Valley Real Estate Board (FVREB) indicates COVID-19 has put the market on pause, as realtors and the public are following social distancing and following to health authority rules and government guidelines on the pandemic.
Condo prices declined for the first time since the third quarter of 2014, High inventories across all housing types added downward price pressure, Home buyers and sellers adapting to the market’s new price norms
We are very pleased that five real estate organizations have come together to help fight money laundering in British Columbia. This commitment by real estate professionals to collaborate and develop best practices will go a long way towards getting dirty money out of the real estate market, protecting consumers and helping industry professionals improve their knowledge and regulatory compliance.
Years of inaction on the B.C. housing crisis led to sky-high housing prices, drove people out of our province, hurt our communities, and hurt the businesses that create good jobs across the province.
Between Jan. 18 and Feb. 28, 2019, people who own residential property in areas subject to the speculation and vacancy tax (SVT) will receive a letter with clear instructions for how to complete a declaration and register an exemption.
After years of dramatic increases in British Columbia’s annual property assessments, we are now seeing signs of moderation as the real estate market softens in some areas of the province. The soon to be released 2019 property assessments are based on what was happening in the real estate market as of July 1 this year.
