June 2022

Burnaby and SFU real estate market shifting as interest rates rise

Posted on Jun 16, 2022

The SFU housing market saw home sales bounce back in may over April. Three bedroom homes remain limited while the greatest activity is with two bedroom condos.

Meanwhile the Burnaby detached market softened dramatically with homes now selling under asking price.

Watch the 60 second video for the complete SFU and Burnaby area real estate market upda...

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Downtown market softens in May as inventory continues to rise

Posted on Jun 10, 2022

Even though homes are selling on average 3% above list price last month the downtown condo market is shifting towards more balanced conditions.  Inventory rose for the 5th month in a row, and sales and prices decreased month to month.   

Watch the video for the complete 60 second update!

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