Despite recent interest rate cuts, the real estate market in the Greater Vancouver and Fraser Valley remains sluggish. September, typically a month for increased buyer activity, saw a surge in listings instead. To gauge market strength, we analyzed the Sales-to-Active Ratio (SAR) for detached and attached properties in various cities. A higher SAR indicates more homes are selling relative to available listings. Key Findings: Detached Properties: Several cities, including New Westminster, Coquitlam, Port Coquitlam, Maple Ridge, Vancouver, West Vancouver, Richmond, Surrey, White Rock, North Delta, and Mission, are currently in a buyer's market with SARs below 12%. Attached Properties: The market for attached properties (apartments and townhouses) is generally more balanced, with SARs ranging between 12% and 20% in most areas except for Downtown vancouver, Surrey, and West vancouver.     While the Bank of Canada is expected to announce another rate cut in October, the overall economic outlook remains uncertain.   If you like to receive a comprehensive market report, please contact us or simply sign up to get the detailed real estate report on a monthly basis.

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