As Fall 2023 is upon us in full swing, it’s time to take a closer look at the data from the third quarter of 2023, alongside a concise summary of the Fraser Valley market performance.
With the turning of the leaves to brilliant reds, yellows and oranges, we commence this autumn issue of the Fifth Avenue Real Estate Marketing Ltd’s Fifth Dimension. As a service to our industry, we offer this definitive guide on the new multifamily home market in Metro Vancouver each and every season year-round.
There is no question that amid all this uncertainty that the market overall has seen a dip in sales activity over the third quarter of 2023 when compared to the previous quarter, a 28 percent decline). This is still in positive contrast to the overall compared to the same period in 2022. Sales this past summer and year-to-date sales are actually up 70 percent overall year-over-year. As we enter the concluding weeks of what will be the market story of 2023 one can not help recall the significant ebbs and flows to date
