No one could have predicted how the pandemic would impact the real estate market. Our region’s relative affordability, combined with a newfound ability to work from home and the value for housing dollar in the Fraser Valley attracted buyers in numbers like we’ve never seen.”

- Larry Anderson, President FVREB

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“We begin 2022 with just over 5000 homes for sale…this is the lowest we’ve seen in more then 30 years.” - Keith Stewart, REBGV economist.

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“Lack of supply continues to be the biggest factor impacting the market.” - Larry Anderson, President FVREB

“…supply crunch remains the focus for addressing the housing affordability challenges in our region.” - Keith Stewart, REBGV economist.

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SELLER’S MARKET - low inventory, low rates

SELLER’S MARKET - low inventory driving price increases