Fraser Valley Market News March 2020

In case you missed it, for the first time since 2015, the Bank of Canada (BoC) has slashed its overnight interest rate, to 1.25%, largely in response to concerns over the economic impact of the coronavirus.

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The Fraser Valley's Real Estate Market

Here is a quick snapshot of the Fraser Valley's real estate market today covering the following areas: Surrey, South Surrey, North Delta, Cloverdale, Langley, Abbotsford and Mission. All single family home, townhome and condo data sourced from the FVREB MLS®.

"We are seeing more traffic at open houses, more multiple offers and a slight increase in year-over-year prices, so if you've been thinking about selling, talk to your local REALTOR to find out if it's the right time for you." - Darin Germyn, FVREB President

Thinking of selling? Want to know how long it takes to get your property market ready?

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