March 2025 Stats - Tariffs, Economic Uncertainty stall Spring Market in the Fraser Valley
Posted on Apr 05, 2025 in FVREB Monthly Market Report
March home sales in the Fraser Valley remained nearly 50 per cent below the 10-year average — making for the slowest start to the spring market in more than 15 years.The Fraser Valley Real Estate Board recorded 1,036 sales in March, up 13 per cent from February, but still
26 per cent below sales recorded this time last year.
Following a decline on th...
March 2025 Stats - A Market made for Buyers is missing Buyers in GVRD
Posted on Apr 05, 2025 in GVR Monthly Market Report
Home sales registered on the MLS® in the Metro Vancouver* for the month of March were the lowest going back to 2019 for the same month, while active listings continue to their upward trend.The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totaled 2,091 in March 2025, a 13.4 per cent decrease from the 2,415 sales rec...
Buying Recreational Properties in BC Interior - Forecast
Posted on Mar 31, 2025 in Buyers
The recreational property market in the Central and North Okanagan regions experienced notable shifts in 2024, influenced by various economic factors. According to a report by Castanet, the national median price for single-family recreational homes declined by 4.5% year-over-year to $592,000. In contrast, condominium prices in recreational areas sa...What is the Disclosure of Representation in Trading Services (DORTS) Form?
Posted on Mar 25, 2025
The Disclosure of Representation in Trading Services (DORTS) form is a mandatory document in British Columbia real estate, designed to ensure clients fully understand their relationship with a REALTOR®.It outlines:- Representation Options: Whether they are represented as a client, receive limited services as a customer, or have no representation.
- Conf...
The Bank of Canada's Interest Rate Shift: What It Means for Home Buyers and Sellers
Posted on Mar 24, 2025 in Sellers
The Bank of Canada (BoC) is adapting its approach to setting interest rates in response to ongoing trade uncertainties, particularly those arising from recent tariff disputes with the United States and China. This marks a shift from traditional long-term economic forecasting to a more flexible and adaptable strategy, enabling the central bank to na...
Welcoming Spring in Your BC Garden: Tips for Homeowners
Posted on Mar 17, 2025 in Sellers
Springtime in British Columbia is a truly magical season. As the snow melts and the days grow longer, nature comes alive, offering homeowners the perfect chance to refresh their outdoor spaces and enhance curb appeal. Proper yard maintenance doesn’t just create a pleasant and inviting environment — it can also significantly boost your home’s value...