Posted on
August 25, 2008
by
James & Jennifer Lal
There are more homes for sale now in the Fraser Valley than at any time in recent history, with at least 12,299 listings posted with the Fraser Valley Real Estate Board, an increase of 56 percent from July 2007.
"Buyers are now in the drivers seat and we're starting to see that reflected in home prices" said Kelvin Neufeld, Board president. Sales in July reached 1,284 properties, down 35 percent from the same month last year. The sales level is now at a more normal level, the type seen before...
Posted on
February 5, 2008
by
James & Jennifer Lal
February is one of the best times of the year to list your home. We’re right ahead of one of the busiest seasons of real estate (Spring). By listing your home right before the market gets cluttered with the “spring rush of listings” you will capture attention from more buyers as there is less to choose from on the market.
Well priced, clean homes are literally selling overnight even in the midst of the unusual amount of bad weather we’ve been getting this year.
Another important factor to consider is how...
Posted on
January 30, 2008
by
James & Jennifer Lal
VANCOUVER, January 24, 2008
Retaining its title as the least affordable province in Canada in which to purchase a home, British Columbia’s housing affordability is expected to improve modestly in 2008, according to a new housing report issued today by RBC Economics.
"B.C.’s housing market moved into uncharted territory last year as affordability deteriorated to its worst levels since we started tracking conditions back in 1985," said Derek Holt, assistant chief economist, RBC. "We expect affordability rates...
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