Ravi Punia - REALTOR®

Fraser Valley Specialist

FRASER VALLEY REAL ESTATE BLOG POSTS

I came across the story below discussing the growing trend towards an exodus from urban centres, like Vancouver.  The article contained a couple of interesting findings...


"A recent Leger Marketing survey conducted for ReMax found that one-third of Canadians polled in July said they no longer want to live in large urban areas and instead would opt for rural and suburban communities. The survey also says 44 per cent of Canadians want a home with more space for personal amenities, such as a pool,...

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Following up on my last blog post, regarding August 2020 housing market stats, it's worth focussing in on detached home sales.


Fraser Valley residential real estate in August 2020 showed a very high level of demand for detached houses.  


For example, detached house sales were up by the following (August 2020 vs August 2019)


ALL AREAS COMBINED - UP 72%


ABBOTSFORD - UP 92%


MISSION - UP 69%


WHITE ROCK / SOUTH SURREY - UP 86%


LANGLEY - UP 51%


NORTH DELTA - UP 31%


CITY OF SURREY (COMBINED) -...

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To say the residential real estate in the Fraser Valley was HOT in August 2020 would be an understatement.  The housing market from Surrey to Abbotsford, and everything in between, was on fire.


August 2020 showed the Fraser Valley had the second highest number of property sales in the past two decades! 


The Fraser Valley Real Estate Board processed 2,039 sales in August 2020, up 57% compared to August 2019.  This represents sales for the month 39% above the 10-year average.


These figures...

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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.

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