Real Estate News

Sales continued to slide in South Surrey/White Rock this past quarter but the selection of competitively priced properties remains robust. The sales to active listing ratios for the various categories of properties tell the story. This ratio measures the percentage of listings that sell in a given period of time with the total number of listings av...

Detached Home Statistics for June 2012

Anyone looking at this month's average price of over one million dollars for a detached house in White
Rock would assume that the White Rock South Surrey real estate market is still firmly in favour of the
sellers. But is that really the case?

Before we start getting all torqued about a falling housing market, let’s remember a few things.

National early indications in June of a slowing market in some cities do not necessarily presage a U.S.-style plunge in housing prices. Forecasters have talked about declines of 10 to 15 per cent being possible, or just a period of drifting sideways. Wit...

For the fifth consecutive month, the ratio of property sales in the Fraser Valley compared to the number of listings on the market has remained stable. In June, it was 14 per cent – the same as it was in February and April of this year. In March and May of 2012, it was 15 per cent.

Scott Olson, President of the Fraser Valley Real Estate Board expla...

SURREY - Century Group unveiled plans for a 50-storey mixed-use hotel and residential project on Thursday that president Sean Hodgins says will be "the best address in Surrey."

The project, called "3 Civic Plaza," is a partnership between Century Group and Surrey City Development Corporation (SDCD) and will be located at the crossroads of City Park...

Since the credit crisis, the Department of Finance has been at the ready to clamp down on mortgage lending. It has handed down new mortgage rules in 2008, 2010, and 2011.

Now, Finance Minister Jim Flaherty has announced yet another round of mortgage restrictions - the fourth in four years. Effective July 9, 2012, those with less than 20% equity will...