"It looks like the tail end of the year finds the Fraser Valley housing market continuing to slow – the higher you fly, the harder you fall, and that seems to be a bit of the story this year in the Valley.
"Programs with well-positioned and adjusted pricing and offering terms for the current market landscape
The past year has come with its fair share of movement in Greater Vancouver's and Fraser Valley's real estate markets.
The MLA Black Book is a quarterly detailed overview of the pre-sale real estate marketplace spanning the Greater Vancouver and Fraser Valley regions.
This past month has seen a fair amount of change in government bodies both municipally and provincially. With a municipal election that saw a major shake-up take place and the confirmation of a new provincial NDP leader and Premier, the Vancouver area is in a state of change and flux.
Although market activity for the fall market followed expected seasonal patterns, demand for real estate is still historically low.
Canada is known for its diversity but also for being a country with a rich history of immigration. Apart from the Indigenous populations, all Canadians have come from somewhere else to make a home in our Great White North.
While often difficult to establish due to the complexities of the market, forecasting is a fundamental aspect of the real estate industry that allows us to better understand the factors that may affect the future of our market.