Courtesy of Amanda Milford

Fraser Valley’s decade-high inventory could open doors for buyers

11.3%

$1,482,400 detached UP 0.6% year-to-year

$534,600 apartment DOWN 1.2% year-to-year UP 0.2% year-to-year $826,000 townhouse

SALES TO ACTIVE LISTING RATIO

8.9

MONTHS OF INVENTORY

7,251

ACTIVE LISTINGS

BENCHMARK PRICES

apartment 1,873 1,161 townhouse

detached 2,400

3,432

818 SOLD LISTINGS

NEW LISTINGS

FRASER VALLEY REAL ESTATE MARKET UPDATE – OPPORTUNITIES IN UNCERTAIN TIMES

to a more manageable lifestyle. Sellers who take the right approach in pricing and presentation can still achieve excellent results, as serious buyers are actively engaging in the market. Navigating the Market with Experience The real estate market constantly shifts, and trying to “time” it perfectly is nearly impossible. Instead, the right decision should always be based on what makes the most sense for your family and long-term goals. Now more than ever, working with an experienced REALTOR ® is crucial. Navigating a market influenced by economic fluctuations , interest rate adjustments, and policy changes requires deep expertise. With years of experience in complex real estate transactions—and a background that includes moving across countries, adapting to different markets, and understanding the emotions behind buying and selling—I am here to guide you with clarity and confidence. If you’re considering a move, let’s discuss how you can take advantage of current market opportunities. Call me today, and let’s make a plan that works for you .

become less certain following the U.S. election. The newly installed American administration’s proposed tariffs have created volatility in the financial markets, leading to concerns about inflation, potential policy shifts by the Bank of Canada, and the overall economic impact on British Columbia. While worst-case scenarios project a possible slowdown, history has shown that housing activity in B.C. tends to rebound quickly after any economic dip. A limited and targeted tariff response from Canada would likely result in only a minor impact on inflation, allowing the Bank of Canada to continue supporting economic growth. What This Means for White Rock & South Surrey Locally, I have seen price adjustment in the South Surrey/White Rock market. However, buyer activity has increased , with more offers being written. This is a significant change from the hesitation we saw in previous months when many buyers were sitting on the sidelines. With increased inventory and lower mortgage rates, this is an excellent time to explore opportunities—whether you’re looking to buy a home, move up to your next property, or downsize

As we move into 2025, the Fraser Valley real estate market shows signs of opportunity for buyers and sellers alike. Despite broader economic uncertainties, growing inventory and stable prices set the stage for an active and dynamic winter market. A Shift in the Market Newly listed homes surged by 18% in January, and inventory has continued to rise into February. This means more choices for buyers and increased opportunities for sellers who position their homes correctly. With more homes on the market, buyers have the time and ability to negotiate, while sellers who market their properties effectively can still achieve great results. Falling Mortgage Rates & Economic Outlook Recently, fixed mortgage rates in Canada have dropped as economic concerns drive Canadian bond yields lower. The Bank of Canada also lowered its interest rate to 3% , which could further encourage market activity. Lower borrowing costs create a window of opportunity for buyers looking to enter the market and homeowners considering refinancing. That said, the broader economic picture has

Statistics reflect market activity in January 2025 | Source: FVREB ® Fraser Valley Real Estate Board | Market values stated are of the benchmark of Fraser Valley and surrounding region. Individual home market values will vary and are affected by factors such as location, size, interior and exterior condition. Please call to get an up-to-date evaluation of your home

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604.330.2975 amanda.milford@theagencyre.com AMANDA MILFORD PERSONAL REAL ESTATE CORPORATION

Thank you Maureen for referring me to your friends. I truly appreciate your trust and look forward to seeing you at my VIP Event later this year!

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