Jay Juco

FRASER VALLEY REAL ESTATE MARKET 

PICKS UP IN JUNE 

(Surrey, BC) – Sales processed on the Fraser Valley Real Estate Board’s Multiple Listing Service 

(MLS®) increased by 23 per cent in one month going from 1,477 sales in May to 1,815 in June. June’s 

numbers represent an 8 per cent decrease compared to the 1,982 sales during the same month last year.  

Deanna Horn, president of the Board, says, “Historically, it’s not unusual for June sales to outperform 

May in the Fraser Valley. This has happened in nine of the last twenty years.  

“However, a 23 per cent increase in one month is significant. We were busier than expected and it could 

be due to the combined effect of mortgage rates edging down, the Harmonized Sales Tax coming into 

effect July 1, as well as the tremendous selection of homes available in the Fraser Valley. 

“Although we’re seeing a decrease in the number of new properties coming on stream, June buyers have 

only had this volume of homes to choose from two other times in our history, in 1995 and 2008.”