REAL ESTATE NEWS

Chilliwack and the surrounding area is the only real estate market in the Lower Mainland that didn’t see a decline in sale prices in 2019.
With an average sale price of $522,776 in the Chilliwack and District Real Estate Board (CADREB) area last year, that’s a 1.1 per cent increase from the average of $516,843 in 2018. ...

Home sales across British Columbia dropped by 1.5 per cent in 2019, according to the BC Real Estate Association.
The agency said the average price of a home province-wide was $700,460, down 1.6 per cent from 2018, though that dip was a result of price drops in three key regions. ...

If real estate investors were to make some resolutions for the new year, analyst Dane Eitel might suggest exercising wariness amid forecasts painting an optimistic picture for the B.C. market.
After all, some organizations may not have a vested interest in sounding an alarm over bleakness ahead, he said. ...

Housing assessments are in the mail for nearly two million homeowners in British Columbia, but those in Vancouver may have already searched their properties online to learn that values have fallen dramatically. ...