Both buyers and sellers taking a wait-and-see approach in the Fraser Valley

(July 04, 2019 )

Here's a taste of the article:

 ---> Darin Germyn, President of the Board, said of the market: “The Fraser Valley market is still adjusting to the federal government’s new mortgage requirements and to the provincial government’s speculation and vacancy taxes. We’re seeing historically low levels for home purchases in our region, and yet at the same time we’re seeing some prospective sellers holding back on listing their homes; waiting to see what the market will do.
“This has created a great opportunity for buyers in the Fraser Valley. Inventory overall is growing; prices of typical homes have decreased on average 6 to 10 per cent over the past year and interest rates are still holding firm.”Click here to read the full story!