The Real Estate Board of Greater Vancouver
Fraser Valley Real Estate Board
SURREY, BC – While overall market activity slowed slightly in June, apartment sales reached record-breaking levels at 683 transactions for the month.
The Fraser Valley Real Estate Board processed 2,571 sales of all property types on its Multiple Listing Service® (MLS®) in June, a decrease of 10.2 per cent compared to the 2,864 sales in June of last year, and a 5 per cent decrease compared to the 2,707 sales in May 2017.
At 683 sales, apartment transactions represented 27 per cent of all sales activity in the Fraser Valley in June, increasing 13.1 per cent compared to apartment sales in June 2016 and 12.2 per cent compared to May 2017. The average number of days to sell an apartment in June was 15 days, compared to 32 at this time last year.
RIDING PROFILE: Tri-Cities, Pitt Meadows and Maple Ridge
Maple Ridge, Coquitlam, Port Moody and Port Coquitlam are major municipalities in the Lower Mainland that will be the driving force grow of the economy in BC. The Evergreen Line SkyTrain extension line which joins the Downtown core to the suburbs like the many Maple Ridge allows commuters a better alternative to the usual slow car based grind.
Read more about how Maple Ridge, Coquitlam, Port Moody and Port Coquitlam are the main benefactors of the Evergreen Line Expansion at News 1130!