What 2022 Brought Forth in the Central Okanagan Real Estate Market

The first quarter of 2022 had a heightened level of market activity in Kelowna, driven in part by the low-interest rate.

January 2023 Fraser Valley Real Estate Market Insights

Welcome to the January 2023 episode of the Fraser Valley Presale Pulse, a real estate show brought to you by hosts Ryan Lalonde and Brittany Reimer.

DECEMBER PRE-SALE MARKET CLOSES OUT THE YEAR STRONG

As expected, December inventory levels were down allowing for a strong same month sales absorption.

The last month of 2022 wrapped up a year of increasingly suppressed market activity. 2022 began by building on the steam of a strong 2021 market, with consumer confidence resurging post-pandemic, fuelled by historically low borrowing rates.

With 2022 wrapping up, the entire real estate industry has been weighing the same question: what will next year look like? As we step off the rollercoaster that was 2022, having a general lay of the land for 2023 is quite reasonably top of mind for many.

As with the rest of the country, the real estate industry was relieved to see a more moderate 50 basis point announcement from the Bank of Canada on December 7^th. This brought some cheer to the market after a darker November.

NOVEMBER 2022 FRASER VALLEY PRE-SALE REAL ESTATE MARKET INSIGHTS

"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.

November 2022 Pre-Sale Real Estate Market Insights

"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.