Market Pauses After Last Week’s Surge

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Sales climbed 22% to 242, while new listings rose 18% to 655, reversing the previous two weeks of declining activity. The gap between original list and sale price narrowed from 7.6% to 5.6% , suggesting less aggressive negotiations. It's an encouraging rebound, although buyers remain selective and competitive pricing continues to matter .

For generations, there was a broadly understood baseline for homeownership in British Columbia. Details Here

SURREY, BC – Fraser Valley home buyers remained cautious despite continued weakening prices, as September sales failed to keep pace with the seasonal rise in new listings. The Fraser Valley Real Estate Board recorded 922 sales on its Multiple Listing Service® (MLS®) in September, a two per cent decrease from August and four per cent below sales from the same month last year. Subdued demand continues to weigh on prices, with the composite Benchmark price for a typical Fraser Valley home falling one per cent in September and seven per cent from one year ago.

A new 300-seat addition is coming to the Willoughby neighbourhood in Langley to support secondary students and their families. 📌 Details Here

Improved affordability, shrinking housing supply and growing public anxiety over homeownership are creating a complicated outlook for Canada’s housing market, according to speakers at the summit hosted by the Residential Construction Council of Ontario. 👉 Details here

Since I'm a sailor, I went with an Orca instead of a puppy and I found this photo courtesy of Oak Bay News of "Baby Orca in Victoria harbour" 🐶 Let's go to L APS 🐱🐾