Andy talks Real Estate - February 11, 2022
Andy Schildhorn • February 18, 2022
Missed our Facebook Live Session? See it here!
An in depth discussion about January's Listing and Sales numbers in the Fraser Valley area including Langley.
Some discussion on where the market can go. Are we going to see the continued frenzied pace of homes for sale selling over list price.
How will interest rates affect our market and will the Provincial Government step in to try and cool our market? These are some of the questions we are facing.
SURREY, BC – The Fraser Valley market showed early signs of a spring thaw in February, with sales increasing over January, but continuing to trail typical levels for this time of year. The Fraser Valley Real Estate Board recorded 843 sales on its Multiple Listing Service® (MLS®) in February, a 36 per cent increase from January, but 38 per cent below the ten-year seasonal average. New listings declined nine per cent in February to 2,796, suggesting some sellers are choosing to wait amid competitive inventory levels, and may be positioning their homes for the peak of the spring market.
The Township of Langley Traffic Cameras for up-to-date traffic information. Click here
The economics of building new homes in Canada are now "simply broken," sparking a macroeconomic drag that CIBC economists warn is just beginning to take hold. 👉 Details Here
