Maximum Allowable Rent Increase Capped at 1.5% for 2022
B.C.’s maximum allowable rent increase amount for 2022 is being set at 1.5%, based on inflation.
Real Estate
Fraser Valley Home Sales Remained Steady in July; Lowest Supply In Forty Years
Market activity in the Fraser Valley – both sales and new listings – softened in July, however buyers continued to significantly outnumber sellers resulting in inventory reaching the lowest for the month since 1981.
Canada Supports Rapid Housing Projects in Surrey
Every Canadian deserves a safe and affordable place to call home.
Mirroring The Weather, Fraser Valley’s Hot Housing Market Cooled Slightly in June Going from a Boil to a Simmer
Sales on the Fraser Valley Real Estate Board’s Multiple Listing Service® (MLS®) remained robust in June however, for the first time since last September, monthly sales did not break a historical record.
March shatters monthly sales and new listings records in the Fraser Valley
Fraser Valley real estate hit two historical highs in March, setting records for both sales and new listings processed in one month since the Fraser Valley Real Estate Board’s (FVREB) inception in 1921.
Property tax grant program streamlined for quicker service
Starting in 2021, B.C. homeowners will apply for their homeowner grant through the Province, not their municipality, which will make applying for the grant quicker and easier.
Another month, another record for property sales in the Fraser Valley
For the sixth consecutive month, Fraser Valley’s real estate market experienced property sales at levels never seen before in the 100-year history of the Fraser Valley Real Estate Board (FVREB).
Amendments to improve oversight for real estate, financial services
People buying or selling a home will benefit from a real estate industry with more efficient and co-ordinated oversight from BC Financial Services Authority (BCFSA).
NDP housing plan a resounding failure as home prices soar
The NDP promised to make housing more affordable, but after nearly four years of their leadership, housing prices in B.C. are higher than ever and the construction of new homes has slowed significantly.
Fraser Valley real estate market full steam ahead in January; another record-setter for property sales
The Fraser Valley Real Estate Board processed a total of 1,718 sales of all property types on its Multiple Listing Service® (MLS®) in January 2021, an increase of 76 per cent compared to January 2020 and 18 per cent fewer then were processed in December 2020. Sales in January set a new, record high for the month; 72 per cent above the 10-year average, and 28 per cent higher than the previous record of 1,338 sales set in January 2016.
Record-shattering December caps unexpected year in Fraser Valley real estate
In a year when the real estate market was at a standstill for months due to COVID-19, total annual sales in the Fraser Valley still finished 12.4 per cent above the 10-year average due to unrelenting, pent-up consumer demand during the second half of 2020.
Fraser Institute News Release: B.C. economy remains vulnerable due to heavy reliance on housing industry
Any downturn in British Columbia’s housing sector will have serious consequences for the provincial economy, finds a new essay released today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank.
Housing market activity reaches historic levels in September
Consumer demand for real estate in the Fraser Valley remained robust for the fourth consecutive month, with overall sales and new listings reaching record-breaking numbers in September.
The Fraser Valley Real Estate Board processed 2,231 sales on its Multiple Listing Service® (MLS®) in September, an increase of 66.1 per cent compared to the same month last year and an increase of 9.4 per cent compared to August 2020. This is the highest recorded sales for September in the history of FVREB.
Sales and new listings continue to set records in the Fraser Valley
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.
Why more B.C. communities are building with wood
At a time when engineers, designers and builders are looking for eco-friendly solutions, a centuries-old building material — wood — is increasing in popularity.