{"id":907179,"date":"2026-11-05T20:36:08","date_gmt":"2026-11-05T20:36:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/907179\/"},"modified":"2026-11-05T20:36:08","modified_gmt":"2026-11-05T20:36:08","slug":"is-the-fraser-valleys-buyers-market-showing-signs-of-a-shift","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/907179\/","title":{"rendered":"Is the Fraser Valley\u2019s buyer\u2019s market showing signs of a shift?"},"content":{"rendered":"<p dir=\"ltr\">Read more:\u00a0<a href=\"https:\/\/www.mpamag.com\/ca\/mortgage-industry\/market-updates\/rate-hike-and-election-drag-vancouver-home-sales-down\/596197\" rel=\"nofollow noopener\" target=\"_blank\">Rate hike and election drag Vancouver home sales down<\/a><\/p>\n<p dir=\"ltr\">\u201cDetached homes continued to lead sales activity in October, significantly outpacing both townhomes and apartments,\u201d said Ishaq Ismail, Chair of the Fraser Valley Real Estate Board.<\/p>\n<p dir=\"ltr\">\u201cThis is a trend we\u2019ve been watching in recent months, and improving affordability in the detached segment may be helping sustain that demand. The substantial price correction appears to be bringing detached homes within reach for more buyers.\u201d<\/p>\n<p dir=\"ltr\">Inventory declined in keeping with seasonal patterns. Total new listings dropped 10% from September to 2,551, while active inventory fell 6% month-over-month and 10% from October 2025 to 9,164 listings.<\/p>\n<p>Rate hike adds a new headwind for buyers<\/p>\n<p dir=\"ltr\">The Bank of Canada\u2019s decision on October 28 to raise its overnight lending rate by 25 basis points to 2.5%,\u00a0its first increase since July 2023,\u00a0arrived the same week as the FVREB\u2019s October data release, adding a new and immediate variable for brokers advising clients in British Columbia.<\/p>\n","protected":false},"excerpt":{"rendered":"Read more:\u00a0Rate hike and election drag Vancouver home sales down \u201cDetached homes continued to lead sales activity in&hellip;\n","protected":false},"author":2,"featured_media":907180,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[28,379405,379404,379406,112],"class_list":["post-907179","post","type-post","status-publish","format-standard","has-post-thumbnail","category-markets","tag-business","tag-fraser-valley-home-sales","tag-fraser-valley-housing-market","tag-fraser-valley-real-estate-board","tag-markets"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/907179","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=907179"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/907179\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/907180"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=907179"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=907179"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=907179"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}