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Any thoughts on Fraser Valley pricing changes

Havan8655

Focused Investor
Registered
Joined
May 3, 2016
Messages
79
I am wondering will Fraser valley residential prices would come down in future due to stricter mortgage rules. Any thoughts or guesses welcome?
 

Devin Roberts

Devin Roberts - Brent Roberts Realty
REIN Member
Joined
Nov 17, 2015
Messages
126
Hi, I suggest listening in on Don’s behind the curtains. While mortgage rules are proposed to continue to tighten, the Fraser Valley is where affordability (somewhat) still is around Vancouver. Detached prices still need to adjust a bit but attached prices are forecasted to continue to rise


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Thomas Beyer

0
REIN Member
Joined
Aug 30, 2007
Messages
13,881
Higher end will adjust downwards but medium to low end will NOT. NDP voters will marvel that the averages have come down as a $10M acreage selling for $8M now is a 20% price drop whereas the average $800,000 TH will stay flat at best or go up.


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