Abbotsford & Mission Real Estate Insider

Local Snapshot – Quick take on the news…

2 snap shotMISSION | ABBOTSFORD SNAPSHOTS of Real Estate Information

JUNE – STRONG SALES

  • of the increased sales volume relates to single family and townhome sales. Condominium-Apartment sales are slower as well as higher end executive houses.
  • Listing inventory was up this June compared against Fraser Valley MLS listings in 2013: up to 2974 from 2625. With more inventory this can dictate markets making it a more balanced market.
  • As we head into full summer, which usually cools the Real Estate market a bit, we are still getting reports of multiple offers on well located and well priced single family homes.

INTEREST RATES

  • Bank of Canada is holding their target for the overnight rate at 1% noting inflation has risen which can prompt raising interest rates to lower inflation; they believe this slows inflation. The bank believes this rise in inflation is caused more by temporary issues like higher energy costs. The Bank of Canada also believes global economics will slow Canada’s growth rate for two years. Best guess now is no real increase until mid 2015

BC REAL ESATE SALES

  • In the province, total sales are up near 25%. The Okanagan, Kootenays and Chilliwack had the strongest increase with the south Okanagan having a 46% increase in sales from June last year. Total sales volume was also up near 25% to $23.8 billion.

This blog is written and supported by: www.HomelifeAbbotsford.ca OR www.HomelifeMission.ca

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Abbotsford Real Estate | Abbotsford Homes For Sale

Abbotsford real estate for sale, Abbotsford REALTORS®, and Abbotsford MLS® Listings. Access Abbotsford real estate listings, Abbotsford REALTORS®, new homes and Abbotsford foreclosures. We also have information on Abbotsford home selling, home buying and mortgages, movers and other realty services in Abbotsford and area.

Mission Real Estate | Mission Homes For Sale

Mission real estate for sale, Mission REALTORS®, and Mission MLS® Listings. Access Mission real estate listings, Mission REALTORS®, new homes and Mission foreclosures. We also have information on Mission home selling, home buying and mortgages, movers and other realty services in Mission and area.

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