May 2023 Newsletter

Fraser Valley home prices have now fallen for seven straight months — here’s what it means for buyers and sellers. 📊 October 2025 Fraser Valley Market Overview Fraser Valley home prices have now fallen for seven straight months — the longest correction since 2019. According to the Fraser Valley Real Estate Board’s October report: 🏠 Sales: 1,123 homes sold (+17% MoM / –16% YoY) 📈 Active Listings: 10,121 (+15% YoY) 📉 Sales-to-Active Ratio: 11% → firmly a buyer’s market 💰 Benchmark Prices 🏡 Detached: $1,411,900 (–0.6% MoM / –5.1% YoY) 🏘️ Townhomes: $786,000 (–1.2% MoM / –5.6% YoY) 🏢 Condos: $506,400 (–0.8% MoM / –6.8% YoY) 📊 Composite: $919,900 (–0.7% MoM / –5.3% YoY) 💹 Interest Rates & Economy The Bank of Canada rate holds at 2.25%. Inflation is easing, but tariffs and a slower global economy add uncertainty. Major banks remain split — some expect stability through 2026, others forecast small rate cuts next year. 💬 Real Client Story One of my recent clients moved from Vancouver Island to Langley to be closer to family — proof that even in a slower market, the right timing and strategy still create success. 📖 Read her review: 👉 https://rankmyagent.com/agent/reviews/171562 🧭 What This Means for You If you’re buying, inventory is strong and competition is light. If you’re selling, pricing for today’s reality — not last year’s memory — is key. After seven months of price declines, the market is recalibrating — not crashing. With realistic pricing and a clear plan, opportunities are still out there.

This year, as they have for years, thousands are again expected to attend Remembrance Day in Fort Langley and honour the memory of the community’s war dead at the largest memorial service in the Langley area. 👉 More Details Here