Real estate market is a hot topic in news, especially with rising interest rates that are impacting BC’s housing market. In Vancouver, it has had an impact, no question. Home sale activity across the Metro Vancouver housing market continued to trend well below historical averages in October.
The total number of homes for sale dropped. Inventory is down comparing the average of the last 4 years.
The slow-down tendency in sales creates a more balanced market and starts to favor buyers, after a long period of being in favor of sellers.
Here's a summary of the October 2022 housing market statistics:
Fraser Valley
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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.
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