Ravi Punia - REALTOR®

Fraser Valley Specialist


The Canadian Real Estate Association (CREA) today reported that there are a record low number of homes for sale, across Canada. 

See: Canadian home buyers face record listings shortage to begin 2022

This echos what the BC Real Estate Association has recently noted and what I discussed in yesterday's blog post. See my blog post: Lack of Listings to Start 2022.

CREA reports that there is less than a two-month supply of homes for sale, assuming the current sales pace continued.  The long-term...

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In a press release on January 12, 2022, the BC Real Estate Association reports that 2022 is starting off with record low inventory levels.  In other words, there are a record low number of homes currently listed for sale, to start the year off.

The chief economist was reported as saying, "Last year was a record year for BC homes sales with seven market areas setting new highs," said BCREA Chief Economist Brendon Ogmundson. "Listings activity could not keep up with demand throughout the year....

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My inagural Fraser Valley Real Estate Newsletter is now published and available.  I have done my best to craft a clear and concise overview of the residential real estate market that includes North Delta, Surrey, Langley and Abbotsford.

I hope prospective buyers and sellers will find this content useful in making their transaction decisions.

The big theme, year-over-year, are unbelievably low active listings and explosive price increases.  This is across property types, which is quite unique....

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*This blog communication is not intended to cause or induce breach of an existing agency agreement.  Views are my own and do not reflect those of any organizations that I may be associated with.

The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), 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 REBGV, 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 REBGV, the FVREB or the CADREB.