Buyers Gaining Upper Hand in Fraser Valley Real Estate Market

SURREY, BC - For the first time in four months, home sales in the Fraser Valley have increased as buyers capitalize on more selection and weakening prices.

The Fraser Valley Real Estate Board recorded 920 sales in February, up 13% from January, but 26% below sales recorded in February 2024.

Despite a 9% drop in newly listed homes on the Board’s Multiple Listing Service® (MLS®), new listings remained 14% above the 10-year seasonal average, at 3,121. Overall inventory remains high, at 8,070 active listings, 45% above February 2024 and 55% above the 10-year seasonal average.

Market Conditions

The overall sales-to-active listings ratio continues to signal a buyer’s market in the…

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February Brings Balance to Metro Vancouver’s Housing Market

VANCOUVER, BC – March 4, 2025 – After a 46 per cent year-over-year increase of new listings in January, the number of newly listed properties on the MLS® in Metro Vancouver rose more moderately in February, helping keep market conditions in balanced territory.

The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 1,827 on Metro Vancouver’s Multiple Listing Service® (MLS®) in February 2025, an 11.7 per cent decrease from the 2,070 sales recorded in February 2024. This total was 28.9 per cent below the 10-year seasonal average (2,571).

“After the rush of new listings in January, home sales and new listings in February were closer to historical…

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Buying or selling a home in British Columbia is a big decision. Whether you’re purchasing your first home, moving to a new place, or selling to invest elsewhere, the process can feel overwhelming. There are many things to think about, from home prices and taxes to legal rules and financial programs that might help.

This guide breaks it all down in simple terms. You’ll find useful information on taxes, financing, market trends, and tips for getting the best deal. By the end, you’ll have a clear idea of how to move forward with confidence.

Understanding the B.C. Real Estate Market

Market Trends and Pricing

Home prices in B.C. go up and down based on location, demand, and the economy. Vancouver is one of Canada’s most expensive markets, while…

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Canada Finished 2024 on a Stronger Note, But Tariffs Remain a Concern

This morning, Statistics Canada released the GDP data for the final quarter of last year, showing a stronger-than-expected increase in household final consumption spending, exports, and business investment. However, drawdowns of business inventories and higher imports tempered the overall growth.

Economic Growth in Q4

In Q4, the Canadian economy accelerated, with real GDP growth reaching a solid 2.6% annualized, which was well above consensus and the Bank of Canada's latest forecast. The growth was broad-based, led by a 5.6% increase in consumer spending. Consumer spending climbed 3.6% annually for three of the four quarters in 2024, supported by rate cuts in the second half of…

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Vancouver is one of the most desirable cities in the world, known for its stunning natural beauty, high quality of life, and strong economy. Every year, thousands of people dream of owning property in this vibrant city. However, if you are a foreign national, you may be wondering whether it is possible to buy real estate in Vancouver. The short answer is yes, but the process comes with several key requirements, additional taxes, and legal considerations that you must be aware of before making your investment. In this guide, we will explore all aspects of foreign real estate ownership in Vancouver, including eligibility, taxation, financing options, and other essential factors to ensure a smooth purchasing experience.

Eligibility for Foreign Buyers

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When people think of the Gulf Islands, places like Salt Spring and Galiano often come to mind first. However, nestled among the stunning southern Gulf Islands, Saturna Island real estate remains one of British Columbia’s best-kept secrets. With its untouched natural beauty, affordable property prices, and peaceful lifestyle, Saturna Island offers a unique opportunity for homeowners and investors alike.

If you’re searching for a tranquil retreat or a profitable real estate investment, Saturna Island deserves your attention. Here are five compelling reasons why this hidden gem should be on your radar.

1. Unparalleled Natural Beauty & Seclusion

One of the biggest draws of Saturna Island real estate is the breathtaking natural surroundings.…

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Welcome to our deep dive into the 2025 Canadian housing market—a space where tariff tensions, shifting mortgage rules, and evolving market dynamics are converging to shape an exciting yet challenging future. If you’ve ever wondered how global trade disputes or government policy changes could affect your dream home purchase, then this article is for you. Grab a cup of coffee, sit back, and let’s explore what the coming year may hold for homeowners, buyers, and industry experts alike.

Overview of 2025 Housing Market Trends

The Canadian housing market has always been a rollercoaster ride, and as we approach 2025, the twists and turns seem more pronounced than ever. While we’re seeing a cautiously optimistic forecast with predictions of rising home…

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Canadian MLS® Systems posted a double-digit jump in new supply in January 2025 when compared to December 2024. At the same time, sales activity fell off at the end of the month, likely reflecting uncertainty over the potential for a trade war with the United States.

Although sales were down 3.3% month-over-month in January, this was mostly the result of sales trailing off in the last week of the month.

Meanwhile, the number of newly listed homes increased with an 11% jump compared to the final month of 2024. Aside from some of the wild swings seen during the pandemic, this was the largest seasonally adjusted monthly increase in new supply on record going back to the late 1980s.

“The standout trends to begin the year were a big jump in new supply…

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New Westminster is quickly becoming a top spot for first-time homebuyers in British Columbia. Sitting along the Fraser River, it has a mix of historic charm and modern living. Compared to Vancouver, it’s more affordable while still offering great amenities. Buyers love its character-filled streets, updated developments, and welcoming community that makes it feel like home. It’s the perfect place for those wanting city life without the big-city price tag.

What Makes New Westminster Appealing?

New Westminster is rich in history, with heritage buildings, walkable neighborhoods, and a community atmosphere that stands out. The city is full of parks, riverside walkways, and a variety of restaurants, creating an enjoyable and convenient lifestyle for all…

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Winter can be tough on homes, with cold temperatures, snow, and ice causing potential damage. However, with the right care and preparation, you can keep your home warm, safe, and energy-efficient. This guide covers key steps to help you prepare for the colder months, from sealing windows to protecting your pipes.

Getting Your Home’s Exterior Ready

Checking and Fixing the Roof

Your roof shields your home from the elements, so it’s important to check for loose, damaged, or missing shingles before winter starts. Snow and ice can make small issues worse, leading to leaks and expensive repairs. If you’re unsure, hiring a professional for an inspection can help catch problems early and prevent bigger issues.

Cleaning Out the Gutters

Gutters…

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