Jan Baxter - Blog

✨MONTHLY UPDATE | DECEMBER 2024✨

Posted on Jan 01, 2025

✨MONTHLY UPDATE | DECEMBER 2024✨

New listings at 10-year high in 2024, but affordability still the elephant in the room in Fraser Valley

Bank of Canada interest rate cuts that began mid-year were not enough to ease the affordability crisis for many home buyers in the Fraser Valley in 2024, leading to a decline in annual sales.

“2024 marked another sub...

✨MONTHLY UPDATE | NOVEMBER 2024✨

Posted on Dec 01, 2024

Fraser Valley home sales returning to seasonal norms in November after October surge.

Following a healthy boost in sales in October, Fraser Valley home sales dropped in November as slower seasonal buying trends set in amid balanced market conditions.

“Buying and selling activity is typically quiet at this time of year,” said Jeff Chadha, Chair of the...

✨MONTHLY UPDATE | OCTOBER 2024✨

Posted on Nov 01, 2024

Rising home sales a sign of market shift in the Fraser Valley?

SURREY, BC — Home sales in the Fraser Valley increased for the first time in five months following a sizable interest rate cut by the Bank of Canada in October.

“After waiting it out on the sidelines for a number of months, buyers seem to be finally responding to the series of successive...

✨MONTHLY UPDATE | SEPTEMBER 2024✨

Posted on Oct 01, 2024

Sluggish sales and rising inventories see Fraser Valley moving toward a buyer’s market

SURREY, BC — With active inventories hitting levels not seen in 10 years and sales 30 per cent below the 10-year average, Fraser Valley real estate is building towards a buyer’s market if sales continue to lag.

“With three rate cuts already and more expected before...

✨MONTHLY UPDATE | AUGUST 2024✨

Posted on Sep 01, 2024

Two rate cuts not enough to ignite summer home sales in the Fraser Valley

“Despite two policy rate cuts by the Bank of Canada, buyers are still feeling the squeeze of overall affordability challenges in BC,” said Jeff Chadha, Chair of the Fraser Valley Real Estate Board. “With prices for single-family homes, townhouses and condos holding relatively...

✨MONTHLY UPDATE | JULY 2024✨

Posted on Aug 01, 2024

Cool summer market persists in Fraser Valley with second slowest July sales in a decade

“Amidst an overall balanced market, some REALTORS® are experiencing pockets within the Fraser Valley that favour buyers, where prices have come down,” said Jeff Chadha, Chair of the Fraser Valley Real Estate Board. “This is evident in the amount of time buyers ha...