Real Estate Team in Burnaby, Tricities, and New Westminster

April 2025 Market Statistics

Posted on May 07, 2025 in Statistics

April 2025 real estate statistics for GVRD, FVREB, and VIREB including average home prices, sales volume, and active listings

Well, here we are mid-Spring and the real estate market remains in a slumber. The financial markets remain unsettled, and the ongoing delay in re-establishing a fully functional Federal government has created enough uncertainty to keep many buyers on the sidelines. Confidence is low, and as a result, few are ready to move forward with a purchase. A...

March 2025 Market Statistics

Posted on Apr 07, 2025 in Statistics

March 2025 real estate statistics for GVRD, FVREB, and VIREB including average home prices, sales volume, and active listings

The tariff war with the US is causing the already stressed economy of Canada to take another hit in 2025, some would say "below the belt". British Columbia, with our abundant resources should fare better than many of the other provinces. In past years, our economy has been artificially propped up by an overheated real estate market that has arguabl...

January 2025 Market Statistics

Posted on Feb 07, 2025 in Statistics

January 2025 real estate statistics for GVRD, FVREB, and VIREB including average home prices, sales volume, and active listings

It looks like 2025 is starting off with a bang with the swearing in of a new government in the US and the threat of tariffs hanging over our already shaky economy. When I first heard about the plans, I assumed that it was just a negotiation ploy and it seems like it will continue to be used to extract the most economic concessions that they can get...

December 2024 Market Statistics

Posted on Jan 06, 2025 in Statistics

December 2024 Market Highlights Infographic

Happy New Year! We wish everyone a healthy, happy, and prosperous 2025!

We thought that we would start this newsletter by looking back at the year that was 2024.

REAL ESTATE MARKET TRENDS FOR 2024

Market Dynamics & Opportunities:

December saw increased sales activity in all of the regional real estate boards, including the GVR, FVREB, and VIREBs, indic...

November 2024 Market Statistics

Posted on Dec 04, 2024 in Statistics

As the holiday season approaches, the market is showing some interesting dynamics. Traditionally, December sees a slower pace as people focus on holiday plans, family gatherings, and festive events. However, this year has been anything but typical!

October’s sales exceeded the 10-year average, and November kept up the momentum. Now, December is star...

October 2024 Market Statistics

Posted on Nov 06, 2024 in Statistics

October 2024 real estate statistics for GVRD, FVREB, and VIREB including average home prices, sales volume, and active listings

Well, well, well. The political and financial climate has changed pretty radically over last month. Both the Bank of Canada and the US Fed have lowered their base interest rates by 50 points or 0.50% each, citing low inflation and economic growth. Both are expected to continue this downward trend in subsequent meetings.

The expectation of this cut h...

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