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I have sold a property at 419 1655 NELSON Street in Vancouver

I have sold a property at 419 1655 NELSON Street in Vancouver on Sep 14, 2024. See details here

PRIVATE TOP FLOOR SOUTH FACING UNIT! Bright open concept design, 9’ ceilings, beautifully renovated to suit the most discerning tastes. Enjoy living & entertaining in this large 692 sq ft 1 bed and 1 bath unit. Stylish exposed fir wood beams, newly painted, hardwood floors, Quartz counters, S/S appls, IN SUITE LAUNDRY. Inc 1 parking spot and 1 storage locker. Located in the heart of the West End, walking distance to shopping, trendy restaurants, entertainment, English Bay, beaches, Stanley Park, and the Seawall for those nightly strolls. Enjoy a beverage on your large balcony overlooking mature trees and gardens in this great neighbourhood. The building upgrades include: NEW, doors and windows, balconies, secure FOB system, plumbing & heater boiler. Rentals, families & pets welcome! HURRY!

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I have sold a property at 106 33480 GEORGE FERGUSON Way in Abbotsford

I have sold a property at 106 33480 GEORGE FERGUSON Way in Abbotsford on Aug 24, 2024. See details here

COME SEE CARMODY RIDGE!! Excellent 1019 sq ft, 2 bed, 2 bath corner unit condo. Enjoy cooking in your bright custom kitchen with a window looking onto the patio and greenspace. Beautiful Quartz counter tops and island with lots of cupboard space and S/S appliances. Newer flooring, paint, fixtures, sink & faucet, updated bathrooms and each bedroom has their own ensuite. Lots of natural light surrounded by windows and cellular blinds throughout. Enjoy a quiet evening sitting by the gas fireplace. New roof in 2020, upgraded water system in 2022, security cameras at front entrance of building. Close to historic downtown shops, restaurants, Seven Oaks Mall, Mill Lake Park & Willband walking trails. Public transit easily accessible yet close to freeway access. You are going to love this place!

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I have sold a property at 29 31313 LIVINGSTONE Avenue in Abbotsford

I have sold a property at 29 31313 LIVINGSTONE Avenue in Abbotsford on Aug 22, 2024. See details here

POPULAR PARADISE PARK! This 2 bed, 2 bath manufactured home has been thoroughly upgraded. Age restricted to 55+ and pad fees are $850/m. Nothing to do but move in! Here's a list of renovations you won't have to do: Roof 4 yrs old (inc. engineer's certificate), R40 insulation, new floors with R24 insulation, new siding, trim, windows and doors, 2 full 4 piece bathrooms with tubs, ensuite in primary bedroom and walk through closet, new kitchen with a large granite island and countertops, newer stove/hood fan & dishwasher, all new exhaust and ducting throughout, new plumbing, new blinds, paint, flooring, light fixtures & water tank. Cozy fenced backyard with a 12 x 10 pergola on a concrete pad. You've got a tool shed, garden shed and a nice workshop/storage shed with light and power. HURRY!

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I have sold a property at 104 9296 HAZEL Street in Chilliwack

I have sold a property at 104 9296 HAZEL Street in Chilliwack on Aug 20, 2024. See details here

THIS IS THE ONE YOU'VE BEEN WAITING FOR! Quiet part of town yet close to all levels of shopping. This beautiful rancher style townhouse is 1072 sq ft with 2 bedrooms and 2 bathrooms. Large primary bedroom has ensuite and a walk-through closet. Bedroom windows face the PRIVATE garden. No renovations to be done!! Here's the list: Newer kitchen, S/S appliances, new sink & faucet, soft close drawers and cabinets, vinyl plank floors in kitchen and bathrooms, main bath updated with walk in shower, ensuite new drains in tub, new sink/faucets & toilet, new plumbing lines from primary room to laundry, all to code, low noise fans, new roman blinds in 2nd bdrm, new fixtures, switches with dimmers all done to code, new smoke detectors, new garage door opener, freshly painted fencing! AMAZING!

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I have sold a property at 309 33490 COTTAGE Lane in Abbotsford

I have sold a property at 309 33490 COTTAGE Lane in Abbotsford on Jun 20, 2024. See details here

PEACEFUL COTTAGE LANE! This 2 bedroom, 1 bath unit is 980 sq ft in the central area of Abbotsford. TOP FLOOR & SOUTH FACING. Close proximity to the Hospital & Cancer Clinic, all forms of shopping, restaurants & cafes, gas stations, fitness centre, Cabelas, the University of the Fraser Valley, Costco and Sumas border. Age restricted building of 55+, no pets allowed. Heat, hot water, management, gardening, garbage, caretaker, amenities room, all included in the strata fees of $403.36/m. This building is well maintained and quiet with great neighbours. Fast possession available, come view it today!

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I have sold a property at 139 8590 SUNRISE Drive in Chilliwack

I have sold a property at 139 8590 SUNRISE Drive in Chilliwack on Jul 26, 2024. See details here

VIEW! VIEW! VIEW! This is a rare END UNIT folks! We have a 2869 sq ft rancher/bsmt townhouse with panoramic mountain and valley views! Take in the vaulted ceilings and open concept living with engineered hardwood flooring on the main. The white kitchen has granite counters, high end S/S appliances plus custom built pull out, soft close drawers with accent lighting. The primary bedroom is on the main, with a W/I closet, power blinds & a 5 piece ensuite. The bsmt has it's own entry and private patio, 2 large bedrooms, family room and media room with surround sound, amplifier & TV, all included. All closets and cupboards are custom built. Two gas fireplaces, one up & one down and custom Low-E blinds throughout. Pets & kids welcome. Enjoy your garden set up on drips and timer. Don't wait!

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I have sold a property at 306 33255 OLD YALE Road in Abbotsford

I have sold a property at 306 33255 OLD YALE Road in Abbotsford on Apr 14, 2024. See details here

CENTRALLY LOCATED AT THE BRIXTON! Great building folks, built in 2005. This 932 sq ft unit has 2 bedrooms and 2 full bathrooms. Really cozy with newer paint, laminate and carpets in bedrooms. The kitchen has newer S/S appliances with an open concept, great for entertaining or watching the kids or pets. The balcony is comfortable for those morning or evening beverages. Pets and families allowed, no age restrictions. Secured underground parking, with storage & bike room in same area. The parking is #49 and right beside the elevator for convenience. Walking distance to Mill Lake Park, bus station hub, vets, yoga studio, shopping, restaurants, churches, historic downtown with awesome boutiques and bakeries. Call today for your personal tour!

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I have sold a property at 309 32145 OLD YALE Road in Abbotsford

I have sold a property at 309 32145 OLD YALE Road in Abbotsford on Apr 1, 2024. See details here

POPULAR CYPRESS PARK COMPLEX! This quiet unit is bright and spacious with 1188 sq ft, 2 bedrooms, 2 bathrooms, newer flooring and paint and lots of natural light. The primary room has a walk in closet and 3-piece ensuite separated for privacy. Large pantry or storage room, lots of closets and endless kitchen cupboards. Their is an attached workshop, amenities with a pool table and exercise equipment and a"puzzle room" to name a few perks. It's a well maintained building close to all amenities, and the public transit is right out front. The strata fees are $502.43 and covers management, amenities, heat and hot water. No smoking, no pets, no BBQ's. Enjoy a cup of coffee on your 20 x 6 covered deck and admire the birds and squirrels. You will enjoy this building, call today!

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Buyers gaining upper hand in Fraser Valley real estate market

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 per cent from January, but 26 per cent below sales recorded in February 2024. Despite a nine per cent drop in newly listed homes on the Board’s Multiple Listing Service® (MLS®), new listings remained 14 per cent above the 10-year seasonal average, at 3,121. Overall inventory remains high, at 8,070 active listings, 45 per cent above February 2024 and 55 per cent above the 10-year seasonal average.

The overall sales-to-active listings ratio continues to signal a buyer’s market in the Fraser Valley, with a ratio of 11 per cent. The market is considered to be balanced with the ratio is between 12 per cent and 20 per cent. “The combination of inventory accumulation and softening prices is providing buyers with increased leverage, especially in the single-family detached category,” said Baldev Gill, CEO of the Fraser Valley Real Estate Board. “Should this pattern persist, we could see a further shift toward a buyer's market, particularly given the ongoing economic uncertainties and impending tariffs.

With ample selection, buyers have flexibility and time on their side to explore their options before making a decision.”

Homes across the Fraser Valley sold in fewer days in February compared to January. The average number of days to sell a single-family detached home was 39, while for a condo it was 36. Townhomes took, on average, 32 days to sell. The composite Benchmark price in the Fraser Valley dipped less than a quarter of a per cent in February, down 0.2 per cent to $962,500. 

MLS® HPI Benchmark Price Activity

  • Single Family Detached: At $1,489,100, the Benchmark price for an FVREB single-family detached home increased 0.5 per cent compared to January 2025 and decreased 0.6 per cent compared to February 2024.

  • Townhomes: At $820,600, the Benchmark price for an FVREB townhome decreased 0.7 per cent compared to January 2025 and decreased 2.1 per cent compared to February 2024.

  • Apartments: At $533,200 the Benchmark price for an FVREB apartment/condo decreased 0.3 per cent compared to January 2025 and decreased 2.4 per cent compared to February 2024.

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Fraser Valley’s decade-high inventory could open doors for buyers

Growing inventory and stable prices could lead to opportunities for buyers in the Fraser Valley market this winter despite uncertain economic conditions.

Newly listed homes jumped 167 percent from December to January, with 3,432 listed on the Fraser Valley Real Estate Board’s Multiple Listing Service® (MLS®). At 7,251 active listings, inventory is at a 10-year seasonal high, 54 percent above the 10-year average.

While sales remained slow in January, with 818 properties sold (down 18% from December), the combination of stable prices and abundant selection presents potential opportunities for buyers to get back into the market.

The sales-to-active listings ratio appears to bear this out. At 11 percent, the overall ratio is signaling a buyer’s market, with detached homes firmly in buyer’s market territory. The market is considered to be balanced when the ratio is between 12 percent and 20 percent.

It took longer to sell homes in January compared to December. Across the Fraser Valley, the average number of days to sell a single-family detached home was 52, while for a condo it was 42. Townhomes took, on average, 38 days to sell.

“The market appears to be in a holding pattern at the moment,” said Baldev Gill, CEO of the Fraser Valley Real Estate Board. “There is no doubt that economic uncertainty is playing a role, especially the spectre of a trade war, which could lead to even more rate cuts by the Bank of Canada. The confluence of these conditions could provide unique buying opportunities, but we urge buyers and sellers to work with a REALTOR® to ensure they align with financial objectives.”

Benchmark prices in the Fraser Valley held relatively steady in January, with the composite Benchmark price down 0.03 percent to $964,800.

MLS® HPI Benchmark Price Activity

Single Family Detached: At $1,482,400, the Benchmark price for an FVREB single-family detached home increased 0.1 percent compared to December 2024 and increased 0.6 percent compared to January 2024.

Townhomes: At $826,000, the Benchmark price for an FVREB townhome decreased 0.2 percent compared to December 2024 and decreased 0.2 percent compared to January 2024.

Apartments: At $534,600, the Benchmark price for an FVREB apartment/condo increased 0.1 percent compared to December 2024 and decreased 1.2 percent compared to January 2024.

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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.

The Fraser Valley Real Estate Board reported new listings of 35,698 for the year ended December 31, 2024, a 10-year high and nine per cent above the 10-year average. However, annual sales recorded on the Multiple Listing Service® (MLS®) were the lowest seen in ten years at 14,570, a decline of one per cent over 2023 and 24 per cent below the 10-year average. The City of Surrey accounted for the majority of 2024 sales at 51 per cent, with Langley and Abbotsford accounting for 24 per cent and 15 per cent respectively.

“2024 marked another subdued year for Fraser Valley home sales on the heels of a ten-year low in 2023,” said Jeff Chadha, Chair of the Fraser Valley Real Estate Board. “Slight declines in home prices across some areas of the region provided negligible relief for buyers looking to get into the market. At the same time, the modest price adjustments did not discourage sellers from listing.”

The composite Benchmark home price in the Fraser Valley closed the year at $965,000, down two per cent year-over-year, and down four per cent from its 2024 peak in March.

The Board recorded 994 sales on its MLS® in December, a decline of 13 per cent from November, but 19 per cent above sales from December 2023.

New listings declined 46 per cent from November to December, from 2,367 to 1,288, contributing to a 23 per cent decline in overall inventory in December. With a sales-to-active listings ratio of 16 per cent in December, the overall market closed out the year in balance. The market is considered balanced when the ratio is between 12 per cent and 20 per cent.

“While the Fraser Valley saw overall balanced market conditions for most of 2024, the low levels of buying and selling activity reflected a challenging year for many as would-be buyers waited for affordability to improve,” said Baldev Gill, CEO of the Fraser Valley Real Estate Board. “Interest rate cuts by the Bank of Canada along with recent government policies aimed at boosting overall housing supply and improving affordability, should help to increase market conditions in 2025.”

It took longer to sell townhomes and condos in December compared to November. Townhomes spent 36 days on the market, up from 33 days in November, while condos spent 38 days on the market, up from 36 days in the previous month. Single-family homes spent 43 days on the market — no change from November.

The composite Benchmark home price in the Fraser Valley continued to slide for the ninth straight month, down 0.5 per cent compared to November.

MLS® HPI Benchmark Price Activity

  • Single Family Detached: At $1,480,400, the Benchmark price for an FVREB single-family detached home decreased 0.1 per cent compared to November 2024 and increased 0.9 per cent compared to December 2023.

  • Townhomes: At $827,900, the Benchmark price for an FVREB townhome decreased 0.9 per cent compared to November 2024 and increased 0.3 per cent compared to December 2023.

  • Apartments: At $533,900, the Benchmark price for an FVREB apartment/condo decreased 0.4 per cent compared to November 2024 and decreased 0.2 per cent compared to December 2023.

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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.

The Fraser Valley Real Estate Board recorded 1,136 sales in November, down 15 per cent from October, but 28 per cent above November 2023 sales.

Buying and selling activity is typically quiet at this time of year,” said Jeff Chadha, Chair of the Fraser Valley Real Estate Board. “But it’s worth noting that November 2024 sales are higher than they’ve been compared to the past two Novembers — a sign that overall activity is picking up in the Fraser Valley and with it, growing buyer confidence.

A decline in new listings chipped away at overall inventory in November, with active listings declining eight per cent to 8,125. Overall inventory, however, remains at a 10-year seasonal high and 30 per cent above November 2023 levels. New listings dropped 26 per cent in November to 2,367, but remain above the 10-year seasonal average and above levels from November 2023. The Fraser Valley remains in a balanced market with a sales-to-active ratio of 14 per cent. The market is considered to be balanced when the ratio is between 12 per cent and 20 per cent.

“With seasonality expected to slow sales activity towards year-end, we are optimistic that the new mortgage lending guidelines, which come into effect on December 15, will slowly start to work their way into the market,” said Baldev Gill, CEO of the Fraser Valley Real Estate Board. “Longer amortization periods and lower minimum down payments should help more buyers who want to get into the market in 2025.”

Across the Fraser Valley in November, the average number of days to sell a single-family detached home was 43, while for a condo it was 36. Townhomes took, on average, 33 days to sell.

Benchmark prices in the Fraser Valley dipped for the eighth straight month in November, with the composite Benchmark price down 0.2 per cent to $969,500.

MLS® HPI Benchmark Price Activity

  • Single Family Detached: At $1,482,600, the Benchmark price for an FVREB single-family detached home decreased 0.4 per cent compared to October 2024 and decreased 0.1 per cent compared to November 2023.

  • Townhomes: At $835,100, the Benchmark price for an FVREB townhome increased 0.3 per cent compared to October 2024 and decreased 0.2 per cent compared to November 2023.

  • Apartments: At $536,100, the Benchmark price for an FVREB apartment/condo decreased 1.3 per cent compared to October 2024 and decreased 1.2 per cent compared to November 2023.

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