Real estate

The number of homes selling in Chilliwack dropped significantly in May, and average sale prices also dipped. (Sean Kilpatrick/The Canadian Press)

Chilliwack area home sales and prices drop in May

Numbers from the Chilliwack and District Real Estate Board show a downward trend

The number of homes selling in Chilliwack dropped significantly in May, and average sale prices also dipped. (Sean Kilpatrick/The Canadian Press)
The number of active listings have more than tripled since December, according to the FVREB. (File photo)

Fraser Valley property sales drop over 50% in last 2 months: FVREB

Sales-to-active-listings ratio at 22%, peaked at 92% during pandemic

The number of active listings have more than tripled since December, according to the FVREB. (File photo)
Residential real estate is slowing down, but the BC Real Estate Association still projects prices to rise in 2022. (The Canadian Press/Sean Kilpatrick)

Chilliwack real estate prices projected to rise even as market slows

The BC Real Estate Association suggests a drop in unit sales doesn’t mean a drop in values

Residential real estate is slowing down, but the BC Real Estate Association still projects prices to rise in 2022. (The Canadian Press/Sean Kilpatrick)
A real estate sign is pictured in Vancouver on June, 12, 2018. The regulator for British Columbia’s real estate sector has recommended that the province adopt a so-called “cooling-off” period of three business days to protect people buying a home, through legislation tabled this spring. THE CANADIAN PRESS Jonathan Hayward

B.C. financial regulator advises three-day ‘cooling-off’ period for homebuyers

B.C. Financial Services Authority: with exceptions, buyers should not be allowed to waive period

A real estate sign is pictured in Vancouver on June, 12, 2018. The regulator for British Columbia’s real estate sector has recommended that the province adopt a so-called “cooling-off” period of three business days to protect people buying a home, through legislation tabled this spring. THE CANADIAN PRESS Jonathan Hayward
A Saanich home listing is attracting a lot of attention on social media after being featured in a TikTok video. (Courtesy Realtor.ca)

B.C. home featured in ‘creepy’ real estate listings with TikTok video goes viral

Listed for almost $800,000, a sale is pending on the Gordon Head home

A Saanich home listing is attracting a lot of attention on social media after being featured in a TikTok video. (Courtesy Realtor.ca)
A real estate sale sign is shown in a west-end Toronto neighbourhood Saturday, March 7, 2020. A wave of buyer’s remorse is taking shape in several heated real estate markets, after housing prices started dropping and the number of sales slowed over the last two months. THE CANADIAN PRESS/Graeme Roy

Worry, buyer’s remorse high as real estate market slowdown materializes

Country experienced a 25.7 per cent drop in the number of homes sold over the last year

A real estate sale sign is shown in a west-end Toronto neighbourhood Saturday, March 7, 2020. A wave of buyer’s remorse is taking shape in several heated real estate markets, after housing prices started dropping and the number of sales slowed over the last two months. THE CANADIAN PRESS/Graeme Roy
Latimer Heights development could get a 45-storey tower at the corner of 82nd Avenue and 200th Street. (Matthew Claxton/Langley Advance Times)

Petition takes aim at planned Langley high rise

A planned 45-storey tower is the target of some opposition

Latimer Heights development could get a 45-storey tower at the corner of 82nd Avenue and 200th Street. (Matthew Claxton/Langley Advance Times)
Houses for sale in a new subdivision in Airdrie, Alta., Friday, Jan. 28, 2022. The Canadian Real Estate Association says the pace of home sales fell in April as mortgage rates moved higher. THE CANADIAN PRESS/Jeff McIntosh

CREA reports home sales down in April as mortgage rates rise

Number of homes sold dropped by 25.7 per cent to 54,894 last month from 73,907 in April 2021

Houses for sale in a new subdivision in Airdrie, Alta., Friday, Jan. 28, 2022. The Canadian Real Estate Association says the pace of home sales fell in April as mortgage rates moved higher. THE CANADIAN PRESS/Jeff McIntosh
A tradesperson works on a balcony at a condo tower under construction, in Burnaby, B.C., on Wednesday, March 2, 2022. The British Columbia Real Estate Association says the sharp increase in mortgage rates is pushing the province's home sales down "a path to normalizing," although it estimates a balanced market is at least a year away. THE CANADIAN PRESS/Darryl Dyck

Higher interest rates push homes sales in B.C. back toward normal: association

British Columbia Real Estate Association estimates a balanced market is at least a year away

A tradesperson works on a balcony at a condo tower under construction, in Burnaby, B.C., on Wednesday, March 2, 2022. The British Columbia Real Estate Association says the sharp increase in mortgage rates is pushing the province's home sales down "a path to normalizing," although it estimates a balanced market is at least a year away. THE CANADIAN PRESS/Darryl Dyck
An increase in the number of homes for sale, combined with rising interest rates, has contributing to a cooling in the Chilliwack and area real estate market. (file photo)

Chilliwack sees drop in home sales, but prices stay steady

Real estate stats reflect the impact of rising interest rates, along with more homes on the market

An increase in the number of homes for sale, combined with rising interest rates, has contributing to a cooling in the Chilliwack and area real estate market. (file photo)
A for sale sign is displayed in front of a house in the Riverdale area of Toronto on Wednesday, Sept. 29, 2021. Brokers say prospective buyers who have grown tired of going up against dozens of competitors to snag a home are starting to get some relief from the frenzy seen earlier this year in many markets. THE CANADIAN PRESS/Evan Buhler

Fewer home bids easing competition for some, but prices still high: brokers

Toronto, Vancouver and Montreal brokers say plenty of properties are seeing fewer offers

A for sale sign is displayed in front of a house in the Riverdale area of Toronto on Wednesday, Sept. 29, 2021. Brokers say prospective buyers who have grown tired of going up against dozens of competitors to snag a home are starting to get some relief from the frenzy seen earlier this year in many markets. THE CANADIAN PRESS/Evan Buhler
Homes are pictured in Vancouver, Tuesday, Apr 16, 2019. THE CANADIAN PRESS/Jonathan Hayward

Real Estate Board of Greater Vancouver says April home sales down

April sales were 1.5 per cent above the 10-year sales average for the month

Homes are pictured in Vancouver, Tuesday, Apr 16, 2019. THE CANADIAN PRESS/Jonathan Hayward
The board processed 1,637 sales last month, a decrease of 46 per cent from April, 2021, and a decrease of 37 per cent from March. (Canadian Press/Jonathan Hayward)

Fraser Valley property sales drop over 35% in April: FVREB

First time in 2 years sales dip below 10-year average

The board processed 1,637 sales last month, a decrease of 46 per cent from April, 2021, and a decrease of 37 per cent from March. (Canadian Press/Jonathan Hayward)
Metro Vancouver real estate agents say the frenzy on house sales is slowing, but it doesn’t necessarily mean the price tag will drop. (Black Press Media file photo)

Metro Vancouver experts weigh in as RBC predicts cooling of B.C. housing market

Buyer frenzy beginning to slow, but sales still steady, real estate agents say

Metro Vancouver real estate agents say the frenzy on house sales is slowing, but it doesn’t necessarily mean the price tag will drop. (Black Press Media file photo)
Steam rises from buildings in Calgary, Alta., Wednesday, Feb. 8, 2017. THE CANADIAN PRESS/Jeff McIntosh

Priced out of Ontario, homebuyers turn their eyes to the Calgary real estate market

Alberta realtors buzzing about what they say is an unusually high number of inquiries from Ontario

Steam rises from buildings in Calgary, Alta., Wednesday, Feb. 8, 2017. THE CANADIAN PRESS/Jeff McIntosh
Chilliwack MLA Dan Coulter in Chilliwack on Wednesday, Feb. 16, 2022. (Jenna Hauck/ Chilliwack Progress file)

Fraser Valley MLAs debate value of proposed homebuyer ‘cooling off’ period

Draft legislation aimed at calming real estate bidding wars that arise from waiving conditions

Chilliwack MLA Dan Coulter in Chilliwack on Wednesday, Feb. 16, 2022. (Jenna Hauck/ Chilliwack Progress file)
An aerial view of houses in Oshawa, Ont. is shown on Saturday, Nov. 11, 2017. New data from Statistics Canada shows multiple-property owners held between 30 and 40 per cent of the housing stock in Ontario, British Columbia, Nova Scotia and New Brunswick. THE CANADIAN PRESS/Lars Hagberg

Multiple-property holders own upwards of 41% of housing in some provinces: StatCan

Top 10 per cent of owners in those provinces earn more than the bottom 50 per cent combined

An aerial view of houses in Oshawa, Ont. is shown on Saturday, Nov. 11, 2017. New data from Statistics Canada shows multiple-property owners held between 30 and 40 per cent of the housing stock in Ontario, British Columbia, Nova Scotia and New Brunswick. THE CANADIAN PRESS/Lars Hagberg
The local real estate market took a small step back in March with higher inventory, lower sales and slightly lower average sale prices. (THE CANADIAN PRESS/Justin Tang)

March saw inventory rise and sales slow in Chilliwack real estate market

With more listings available, CADREB stats showed average values dropping ever-so-slightly

The local real estate market took a small step back in March with higher inventory, lower sales and slightly lower average sale prices. (THE CANADIAN PRESS/Justin Tang)
It took an average 12 days to sell a single-family detached home with the FVREB in March, 14 days for a townhome, and 11 days for an apartment. THE CANADIAN PRESS Jonathan Hayward
It took an average 12 days to sell a single-family detached home with the FVREB in March, 14 days for a townhome, and 11 days for an apartment. THE CANADIAN PRESS Jonathan Hayward
A Chilliwack home that was built in 1912 for an estimated $900 is now on the market for $1,249,000. (Clark Hitchcock photo)

Chilliwack heritage home comes with fascinating history

On the market now for $1,249,000, Proctor House was built in 1912 for an estimated $900

A Chilliwack home that was built in 1912 for an estimated $900 is now on the market for $1,249,000. (Clark Hitchcock photo)
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