Ravi Punia - REALTOR®

Fraser Valley Specialist

FRASER VALLEY REAL ESTATE BLOG POSTS


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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The Fraser Valley real estate market is a great region for a young family to find their perfect starter or forever home. The region has a wide variety of housing types, at prices that are relatively cheap, compared to some of the more urban centres adjacent to Vancouver.  You can get way more bang for your housing buck in the Fraser Valley in many respects.


Lots of Housing Choices

There is a large and diverse housing stock in the Fraser Valley.  A couple or family can easily move up the...

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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.