Found 2 blog entries tagged as Canadian housing market.

2025 Fraser Valley housing market is the slowest in over two decades despite falling prices and decade-high inventory

SURREY, BC

Decade-high inventory and softer prices failed to spark buyer demand in the Fraser Valley in 2025. Despite favorable conditions and increased negotiating power, many buyers stayed on the sidelines, making it one of the slowest years for sales in decades.

The Fraser Valley Real Estate Board recorded 12,224 sales on its Multiple Listing Service® (MLS®) in 2025, a decline of 16 per cent over 2024 and 33 per cent below the 10-year average. The City of Surrey accounted for the majority of 2025 sales at 48 per cent, with Langley and Abbotsford accounting for 24 per cent and 16 per cent respectively.

On the supply side,…

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Date: June 16, 2025

Canadian housing starts were largely flat from the previous month, totalling 279,510 units in May at a seasonally adjusted annual rate (SAAR). Starts were up 4 per cent from the same month last year.

Single-detached housing starts decreased by 6 per cent from last month to 55,161 units, while multi-family and other starts rose by 1 per cent to 224,350 units (SAAR).

British Columbia Highlights

In British Columbia, housing starts fell by 29 per cent from last month to 37,455 units (SAAR) across all areas of the province.

In areas with populations of 10,000 or more:

  • Single-detached starts increased by 2 per cent to 3,657 units.
  • Multi-family starts fell by 33 per cent to 31,987 units month-over-month.

Overall,…

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