Real estate

The FVREB processed 27,692 sales in 2021, an increase of 39 per cent over the 19,926 sales last year, and a 15.5 per cent increase from the record of 23,974 sales set five years before. THE CANADIAN PRESS Jonathan Hayward

Fraser Valley Real Estate Board shatters all time sales record in 2021

27,692 sales processed in 2021, beating record by 15.5%

The FVREB processed 27,692 sales in 2021, an increase of 39 per cent over the 19,926 sales last year, and a 15.5 per cent increase from the record of 23,974 sales set five years before. THE CANADIAN PRESS Jonathan Hayward
This home on Kawkawa Lake Road is the highest-valued in Hope at $4.554 million according to numbers from BC Assessment. (BC Assessment photo)

Hope property values soar as BC Assessment releases 2022 numbers

Nowhere in the province did condominium and townhouse prices rise more than in Hope

This home on Kawkawa Lake Road is the highest-valued in Hope at $4.554 million according to numbers from BC Assessment. (BC Assessment photo)
Chip Wilson’s Point Grey home clocked in as the highest valued in the province for yet another year. (Google Maps)

Chip Wilson’s pad, a Rock House and an island: Here are the most expensive homes in B.C.

BC Assessment releases list of highest valued residential properties in the province

Chip Wilson’s Point Grey home clocked in as the highest valued in the province for yet another year. (Google Maps)
Houses are seen in an aerial view in Langley, B.C., on Wednesday May 16, 2018. Home sales in Metro Vancouver remain well below the 10 year average for the region but sellers continue to hold the upper hand as the Real Estate Board of Greater Vancouver says demand for properties is steady but buyers have little to choose from. THE CANADIAN PRESS/Darryl Dyck

B.C. home values increase by 22% for 2022, biggest changes in single-family houses

Breaking down what homeowners can expect, region by region

Houses are seen in an aerial view in Langley, B.C., on Wednesday May 16, 2018. Home sales in Metro Vancouver remain well below the 10 year average for the region but sellers continue to hold the upper hand as the Real Estate Board of Greater Vancouver says demand for properties is steady but buyers have little to choose from. THE CANADIAN PRESS/Darryl Dyck
The Real Estate Board of Greater Vancouver says home sales activity in the area for the month of October remain below long-term historical averages. A real estate sign is pictured in Vancouver, B.C., Tuesday, June, 12, 2018. THE CANADIAN PRESS Jonathan Hayward

Mortgage rates predicted return to pre-pandemic levels of 3% by late 2022, BCREA says

First rate increase from Bank of Canada is expected in mid-2022

The Real Estate Board of Greater Vancouver says home sales activity in the area for the month of October remain below long-term historical averages. A real estate sign is pictured in Vancouver, B.C., Tuesday, June, 12, 2018. THE CANADIAN PRESS Jonathan Hayward
Real estate prices are high and so is demand, but low inventory sees those prices increase even more since. (Black Press Media file photo)
Real estate prices are high and so is demand, but low inventory sees those prices increase even more since. (Black Press Media file photo)
Chilliwack and area real estate finally slowed in November, but it took a natural disaster to do it. (THE CANADIAN PRESS/Graeme Roy)

Chilliwack real estate market slowed by flooding

After months and months of growth, the November CADREB numbers showed a drop in sales

Chilliwack and area real estate finally slowed in November, but it took a natural disaster to do it. (THE CANADIAN PRESS/Graeme Roy)
FILE – A real estate sign is pictured in Vancouver, B.C., Tuesday, June, 12, 2018. THE CANADIAN PRESS Jonathan Hayward

B.C. housing market supply ‘historically low,’ could increase with rising mortgage rates

BCREA says that even with rising rates, it will take time for supply to recover

FILE – A real estate sign is pictured in Vancouver, B.C., Tuesday, June, 12, 2018. THE CANADIAN PRESS Jonathan Hayward
House construction in Summerland B.C. (Summerland Review)

B.C. moving to ‘cooling-off period’ to stabilize hot real estate market

‘Blind bidding’ adding to soaring home prices, finance minister says

House construction in Summerland B.C. (Summerland Review)
The FVREB said it was the "worst supply shortage in 40 years" in September. (Ben Bogstie/Terrace Standard)

Housing supply shortage continues through October, reports Fraser Valley Real Estate Board

New listings decrease from September, inventory halved from last year

The FVREB said it was the "worst supply shortage in 40 years" in September. (Ben Bogstie/Terrace Standard)
Low supply continues to fuel high real estate prices in Chilliwack. (Submitted)

Million dollar sales surge in Chilliwack real estate market

Ninety-eight residential properties sold for more than $1-million in October, 2021

Low supply continues to fuel high real estate prices in Chilliwack. (Submitted)
Real estate sales in Chilliwack project to be record-setting by the end of 2021, according to the B.C. Real Estate Association’s fourth-quarter forecast. (Black Press file)

B.C. Real Estate Association predicts record-setting totals in Chilliwack market

The fourth quarter forecast estimates Chilliwack will see 4,800 single-home sales by year’s end

Real estate sales in Chilliwack project to be record-setting by the end of 2021, according to the B.C. Real Estate Association’s fourth-quarter forecast. (Black Press file)
Has the Chilliwack real estate spike been fueled in part by Bill 28? Two researchers from Thompson Rivers University in Kamloops believe it was. (Submitted)

TRU researchers suggest Bill 28 helped fuel Chilliwack real-estate surge

A statistical study compared the impact of Bill 28 on Chiliwack and Kamloops

Has the Chilliwack real estate spike been fueled in part by Bill 28? Two researchers from Thompson Rivers University in Kamloops believe it was. (Submitted)
Katherine Gray and Patrick Hossack, Realtors, Hossack + Gray Real Estate, The Agency . Lia Crowe photo

Life & Style with Katherine Gray and Patrick Hossack

Brother and sister duo talk real estate, fashion and reading material

  • Oct 27, 2021
Katherine Gray and Patrick Hossack, Realtors, Hossack + Gray Real Estate, The Agency . Lia Crowe photo
The downtown Vancouver skyline is seen at sunset, as houses line a hillside in Burnaby, B.C., on Saturday, April 17, 2021. Home sales across Metro Vancouver remained well above the 10-year average in September, but the Real Estate Board of Greater Vancouver says prices haven’t climbed as sharply. THE CANADIAN PRESS/Darryl Dyck

Home demand still outstrips supply in Metro Vancouver but price hikes slow: report

Composite benchmark price for all residential properties in Metro Vancouver just under $1.2 million

The downtown Vancouver skyline is seen at sunset, as houses line a hillside in Burnaby, B.C., on Saturday, April 17, 2021. Home sales across Metro Vancouver remained well above the 10-year average in September, but the Real Estate Board of Greater Vancouver says prices haven’t climbed as sharply. THE CANADIAN PRESS/Darryl Dyck
A real estate sign. (THE CANADIAN PRESS Jonathan Hayward)

Average price of single-family home in Chilliwack tops $900,000

Average price of all residential properties now up to $758,000, fuelled by low inventory

A real estate sign. (THE CANADIAN PRESS Jonathan Hayward)
A real estate sign is pictured in Vancouver on June 12, 2018. THE CANADIAN PRESS/Jonathan Hayward

Homes listed for sale in Metro Vancouver have fallen to lows not seen since 2016

New home built during the pandemic, with a specific focus on projects for the rental market

A real estate sign is pictured in Vancouver on June 12, 2018. THE CANADIAN PRESS/Jonathan Hayward
A real estate sign in Vancouver, B.C. (THE CANADIAN PRESS Jonathan Hayward)

Total home sales drop in August, but Chilliwack real estate prices remain high

August 2021 couldn’t maintain the standards of record-setting August 2020, but the dip was slight

A real estate sign in Vancouver, B.C. (THE CANADIAN PRESS Jonathan Hayward)
For months now, the number of new listings with the FVREB has been shrinking, and they decreased even further in August. THE CANADIAN PRESS/Graeme Roy

Home buyers facing worst supply shortage in 40 years, says Fraser Valley Real Estate Board

2nd highest August sales ever, yet supply continues to shrink

For months now, the number of new listings with the FVREB has been shrinking, and they decreased even further in August. THE CANADIAN PRESS/Graeme Roy
The B.C. Real Estate Association forecasts 4,600 home to be sold in the Chilliwack area in 2021, which would be an all-time record. (Chilliwack Progress file)

2021 on pace to be the hottest ever real estate year in Chilliwack area

B.C. Real Estate Association forecasts a 32% increase in sales over last year with a cooling in 2022

The B.C. Real Estate Association forecasts 4,600 home to be sold in the Chilliwack area in 2021, which would be an all-time record. (Chilliwack Progress file)