Fueled by the consumer response to the COVID-19 pandemic along with historically low interest rates, total property sales in the Fraser Valley in 2021 shattered the previous annual record last set in 2016.
More than three-quarters of B.C. construction businesses are experiencing supply chain challenges, according to the results of a survey of Independent Contractors and Businesses Association (ICBA) member companies.
Robust demand for Fraser Valley real estate continued in November, with the Fraser Valley Real Estate Board (FVREB) recording the region’s second-highest volume of sales of all property types for the month – second only to November 2020.
People in B.C. communities will benefit from legislative amendments that give local governments more powers to simplify and speed up their development approvals processes, helping to get the homes people need built faster.
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.