March 2022

Dear members, With growing concern around the Omicron variant and the fluid nature of the most recent health and safety guidelines provided by the provincial Public Health Officers, we are reminded that the pandemic is far from behind us. All indications show that we will continue to be fighting COVID-19 well into 2022. As such, the FVREB must proceed prudently and in adherence to safety protocols,...

SURREY, BC – Buyers of Fraser Valley real estate had significantly more inventory to choose from last month due to a record-breaking volume of new listings received for the month of February. The Fraser Valley Real Estate Board (FVREB) received 3,742 new listings in February, an increase of 75.3 per cent compared to January, and an increase of 14.6 per cent compared to February of last year. The...

SURREY, BC – On the heels of the busiest year in history for Fraser Valley real estate, January activity saw the beginnings of a market rebalancing. Overall property sales – still the third highest ever for January – cooled compared to December while the volume of new listings improved significantly. The Fraser Valley Real Estate Board processed a total of 1,310 sales of all property types on...

Today’s eMemo contains the following updates: Public Heath measures extended to February 16, 2022 Important reminders about conducting open houses Dear members, The COVID-19 pandemic continues to affect our communities, with case counts on the rise.  Even so, we know that the important and critical work of supporting clients with their real estate transactions continues. As many of you may...

SURREY, BC – Fueled by the consumer response to the COVID‐19 pandemic along with historically low interest rates, total property sales in the Fraser Valley in 2021 shattered the previous annual record last set in 2016. The FVREB processed 27,692 sales its Multiple Listing Service® (MLS®) in 2021, an increase of 39.0 per cent compared 19,926 sales in 2020; and 15.5 per cent higher than 2016’s...

Dear members, While many of us in B.C. will be gearing down for the holiday break, we know that for you, the important and critical work of supporting your clients on their real estate transactions will continue. If the month-over-month, and in many cases, year-over-year records being broken since last May are any indication, clients will continue to rely on you for your dedication, commitment, and...

SURREY, BC – Robust demand for Fraser Valley real estate continued in November, with the Fraser Valley Real Estate Board (FVREB) recording the region’s second-highest volume of sales of all property types for the month – second only to November 2020. In November, the FVREB processed 1,972 sales of all property types on its Multiple Listing Service® (MLS®), a decrease of 9.2 per cent compared...

Grosvenor is sharing more details of their upcoming pedestrian focused, multi-tower community on Lougheed Highway in Burnaby, across from Brentwood Town Centre. The 7.9-acre development site will see the construction of six residential towers with 3,500 homes, 2,000 of which will be market rental homes and 450 which will be below-market, rental homes. The development...

Bosa Brentwood West will be a large, mixed-use community on the northwest corner of Lougheed Highway and Willingdon Avenue in...

The City of Vancouver has released its final draft version of the Broadway Plan before it heads to city council this May. It outlines future development plans in the area around the upcoming Broadway SkyTrain extension, which will run from Clark Drive to Arbutus Street. The plan has five key goals: address the need for...