Prices and sales have continued on a downward trend for 4 months. Our market has seen a huge impact due to the high interest rates. verall, sustained high interest rates can lead to a slowdown in the real estate market, decreased affordability, increased inventory levels, and reduced investment activity. It is important for market participants to carefully consider pricing and financing strategies during these periods to navigate the changing rate realities effectively.
Fraser Valley Real Estate Board Stats October
For the full report please download the attachment...fvreb stats pkg oct 2023
Information obtained from the Fraser Valley Real Estate board