https://bentruscottrealestate.com/blog.html Chilliwack & Fraser Valley Real Estate : Blog : Latest Blog Posts Copyright (C): Chilliwack & Fraser Valley Real Estate, https://bentruscottrealestate.com Thu, 06 Aug 2026 17:47:56 GMT Chilliwack & Fraser Valley Real Estate 2026-08-06T17:47:56Z Copyright (C): Chilliwack & Fraser Valley Real Estate, https://bentruscottrealestate.com https://bentruscottrealestate.com/blog.html/ben-truscott-real-estate-report---july-2026-9110221 <p class="block-p"></p> Thu, 06 Aug 2026 17:47:56 GMT https://bentruscottrealestate.com/blog.html/ben-truscott-real-estate-report---july-2026-9110221 2026-08-06T17:47:56Z https://bentruscottrealestate.com/blog.html/ben-truscott-real-estate-report---june-2026-9079441 <p class="block-p"></p> Tue, 07 Jul 2026 18:29:25 GMT https://bentruscottrealestate.com/blog.html/ben-truscott-real-estate-report---june-2026-9079441 2026-07-07T18:29:25Z https://bentruscottrealestate.com/blog.html/ben-truscott-real-estate-report---may-2026-9049213 <p class="block-p"></p> Wed, 10 Jun 2026 16:56:34 GMT https://bentruscottrealestate.com/blog.html/ben-truscott-real-estate-report---may-2026-9049213 2026-06-10T16:56:34Z https://bentruscottrealestate.com/blog.html/ben-truscott-real-estate-report---april-2026-9008297 <p class="block-p"></p> Thu, 07 May 2026 16:51:55 GMT https://bentruscottrealestate.com/blog.html/ben-truscott-real-estate-report---april-2026-9008297 2026-05-07T16:51:55Z https://bentruscottrealestate.com/blog.html/ben-truscott-real-estate-report---march-2026-8974475 <p class="block-p"></p> Wed, 08 Apr 2026 18:42:40 GMT https://bentruscottrealestate.com/blog.html/ben-truscott-real-estate-report---march-2026-8974475 2026-04-08T18:42:40Z https://bentruscottrealestate.com/blog.html/ben-truscott-real-estate-report---february-2026-8945300 <p class="block-p"></p> Tue, 10 Mar 2026 17:16:34 GMT https://bentruscottrealestate.com/blog.html/ben-truscott-real-estate-report---february-2026-8945300 2026-03-10T17:16:34Z https://bentruscottrealestate.com/blog.html/ben-truscott-real-estate-report---january-2026-8918913 <p class="block-p"></p> Mon, 09 Feb 2026 18:26:02 GMT https://bentruscottrealestate.com/blog.html/ben-truscott-real-estate-report---january-2026-8918913 2026-02-09T18:26:02Z https://bentruscottrealestate.com/blog.html/ben-truscott-real-estate-report---december-2025-8885779 <p class="block-p"></p> Tue, 06 Jan 2026 23:24:32 GMT https://bentruscottrealestate.com/blog.html/ben-truscott-real-estate-report---december-2025-8885779 2026-01-06T23:24:32Z https://bentruscottrealestate.com/blog.html/ben-truscott-real-estate-report---november-2025-8876865 <p class="block-p"></p> Wed, 10 Dec 2025 18:14:56 GMT https://bentruscottrealestate.com/blog.html/ben-truscott-real-estate-report---november-2025-8876865 2025-12-10T18:14:56Z https://bentruscottrealestate.com/blog.html/ben-truscott-real-estate-report---october-2025-8853829 <p class="block-p"></p> Fri, 07 Nov 2025 19:19:51 GMT https://bentruscottrealestate.com/blog.html/ben-truscott-real-estate-report---october-2025-8853829 2025-11-07T19:19:51Z https://bentruscottrealestate.com/blog.html/ben-truscott-real-estate-report---september-2025-8824717 <p class="block-p"></p> Fri, 03 Oct 2025 17:51:22 GMT https://bentruscottrealestate.com/blog.html/ben-truscott-real-estate-report---september-2025-8824717 2025-10-03T17:51:22Z https://bentruscottrealestate.com/blog.html/ben-truscott-real-estate-report---august-2025-8797781 <p class="block-p"></p> Mon, 08 Sep 2025 18:05:52 GMT https://bentruscottrealestate.com/blog.html/ben-truscott-real-estate-report---august-2025-8797781 2025-09-08T18:05:52Z https://bentruscottrealestate.com/blog.html/ben-truscott-real-estate-report---july-2025-8772109 <p class="block-p"></p> Fri, 08 Aug 2025 18:02:38 GMT https://bentruscottrealestate.com/blog.html/ben-truscott-real-estate-report---july-2025-8772109 2025-08-08T18:02:38Z https://bentruscottrealestate.com/blog.html/ben-truscott-real-estate-report---june-2025-8739960 <p class="block-p"></p> Mon, 07 Jul 2025 16:54:20 GMT https://bentruscottrealestate.com/blog.html/ben-truscott-real-estate-report---june-2025-8739960 2025-07-07T16:54:20Z https://bentruscottrealestate.com/blog.html/ben-truscott-real-estate-report---may-2025-8711873 <p class="block-p"></p> Mon, 09 Jun 2025 18:10:48 GMT https://bentruscottrealestate.com/blog.html/ben-truscott-real-estate-report---may-2025-8711873 2025-06-09T18:10:48Z https://bentruscottrealestate.com/blog.html/ben-truscott-real-estate-report---april-2025-8672447 <p class="block-p"></p> Thu, 08 May 2025 17:51:49 GMT https://bentruscottrealestate.com/blog.html/ben-truscott-real-estate-report---april-2025-8672447 2025-05-08T17:51:49Z https://bentruscottrealestate.com/blog.html/ben-truscott-real-estate-report---march-2025-8614150 <p class="block-p"></p> Mon, 07 Apr 2025 21:09:53 GMT https://bentruscottrealestate.com/blog.html/ben-truscott-real-estate-report---march-2025-8614150 2025-04-07T21:09:53Z https://bentruscottrealestate.com/blog.html/ben-truscott-real-estate-report---february-2025-8485934 <p class="block-p"></p> Fri, 21 Mar 2025 21:16:20 GMT https://bentruscottrealestate.com/blog.html/ben-truscott-real-estate-report---february-2025-8485934 2025-03-21T21:16:20Z https://bentruscottrealestate.com/blog.html/ben-truscott-real-estate-report---january-2025-8485933 <p class="block-p"></p> Fri, 21 Mar 2025 21:16:16 GMT https://bentruscottrealestate.com/blog.html/ben-truscott-real-estate-report---january-2025-8485933 2025-03-21T21:16:16Z https://bentruscottrealestate.com/blog.html/ben-truscott-real-estate-report---december-2024-8485932 <p class="block-p"></p> Fri, 21 Mar 2025 21:16:10 GMT https://bentruscottrealestate.com/blog.html/ben-truscott-real-estate-report---december-2024-8485932 2025-03-21T21:16:10Z https://bentruscottrealestate.com/blog.html/ben-truscott-real-estate-report---november-2024-8355658 <p class="block-p">During the month of November, the market continued to show signs of speeding up. Inventory is way down, and sales are a whopping 25% higher than they were in December 2023.</p><p class="block-p">Prices for detached homes have seen the largest year-over-year increase across Chilliwack and Fraser Valley with condos under $400,000 selling quickly in Chilliwack.</p><p class="block-p">Things will likely take a break over December and I think we will be off to a busy January!</p> Tue, 03 Dec 2024 21:44:48 GMT https://bentruscottrealestate.com/blog.html/ben-truscott-real-estate-report---november-2024-8355658 2024-12-03T21:44:48Z https://bentruscottrealestate.com/blog.html/ben-truscott-real-estate-report---october-2024-8344925 <p class="block-p">September market stats are out! A slow beginning of the month was balanced out by an increase in activity in the last half of the months, leaving things fairly balanced both month-over-month and year-over-year.</p><p class="block-p">Will the new mortgage rules and expected future rate drops bring more activity to the market? Interested to find out!</p><p class="block-p">Right now there are still some incredible deals to be had, making this market still best for first time home buyers, or those looking to upsize.</p> Fri, 01 Nov 2024 19:06:00 GMT https://bentruscottrealestate.com/blog.html/ben-truscott-real-estate-report---october-2024-8344925 2024-11-01T19:06:00Z https://bentruscottrealestate.com/blog.html/ben-truscott-real-estate-report---september-2024-8344924 <p class="block-p">The Bank of Canada’s recent rate cuts didn’t quite spark the housing market as expected, but more cuts could still impact things. With lower mortgage rates on the horizon, we might see more people purchasing homes this Fall.</p><p class="block-p">Even though the current 4.25% rate hasn’t made homes significantly more affordable yet, falling rates offer a glimmer of hope. Canadians are eagerly waiting for further cuts to make buying more doable.</p><p class="block-p">Home prices have cooled slightly but are still high compared to average income. This has pushed many first-time buyers to wait it out. Higher property taxes, stress-test rates, and upcoming mortgage renewals will also play a role in the fall market.</p> Tue, 01 Oct 2024 19:05:00 GMT https://bentruscottrealestate.com/blog.html/ben-truscott-real-estate-report---september-2024-8344924 2024-10-01T19:05:00Z https://bentruscottrealestate.com/blog.html/ben-truscott-real-estate-report---august-2024-8344923 <p class="block-p">The real estate market is continuing to be pretty flat throughout Summer, with inventory levels at a high point not seen in years. As a result, home prices have stabilized with only slight declines month to month. Whether the combination of softening prices and better borrowing rates will attract more buyers this fall remains to be seen. Typically, it takes a few months for lower borrowing costs to boost transaction numbers, so we’re still in the early stages of this shift.</p><p class="block-p">Since market conditions can vary widely depending on where you are and the type of property you are looking to buy or sell, please reach out to me at 604-798-3960 if you ever have questions about when it's the right time for you.</p> Sun, 01 Sep 2024 19:04:00 GMT https://bentruscottrealestate.com/blog.html/ben-truscott-real-estate-report---august-2024-8344923 2024-09-01T19:04:00Z https://bentruscottrealestate.com/blog.html/ben-truscott-real-estate-report---july-2024-8344922 <p class="block-p">While the weather is heating up - the real estate market is staying pretty still.</p><p class="block-p">Despite the Bank of Canada's interest rate cut that people were waiting on, sales volume decreased pretty substantially month-to-month in both the Chilliwack, and Fraser Valley districts.</p><p class="block-p">Inventory continued to climb, and prices remained relatively stable, with mild decreases in prices for detached homes.</p><p class="block-p">The condo and townhome market is still strong, with affordability still being the largest factor for home buyers.</p><p class="block-p">Sales volume is still healthy though, homes with competitive prices are still selling, and there are some excellent deals out there. I still think these market conditions are the best time to upsize from a condo or townhome to a detached home if the payments are affordable. The gap between townhomes and detached has never been smaller!</p> Thu, 01 Aug 2024 19:03:00 GMT https://bentruscottrealestate.com/blog.html/ben-truscott-real-estate-report---july-2024-8344922 2024-08-01T19:03:00Z https://bentruscottrealestate.com/blog.html/ben-truscott-real-estate-report---june-2024-8344921 <p class="block-p">The real estate market throughout May overall stayed pretty consistent. No major variations in prices or sales activity, a slow and steady market that doesn't really favour buyers or sellers.</p><p class="block-p">There are a lot of buyers out there shopping, but not as many ready to pull the trigger and write an offer.</p><p class="block-p">For those buyers who are willing, there are still some pretty good deals to be found!</p><p class="block-p">Those who can benefit the most in current market conditions are people who have large down payments to avoid higher interest rates, or people looking to upgrade from a townhouse/condo to a detached home.</p><p class="block-p">With the Bank of Canada's interest rate cut today, I am curious to see what effect this has on the market over the next few months!</p> Mon, 01 Jul 2024 19:01:00 GMT https://bentruscottrealestate.com/blog.html/ben-truscott-real-estate-report---june-2024-8344921 2024-07-01T19:01:00Z https://bentruscottrealestate.com/blog.html/ben-truscott-real-estate-report---may-2024-8344920 <p class="block-p">Sales volume continued to rise, but not quite as fast as the new inventory. In April the active inventory of homes increased by 113 homes, while the amount of monthly sales only increased by 14. Due to having more competition, especially in the townhome and condo market, prices have softened a little bit from where they were earlier in the year.</p><p class="block-p">We're still very much in a changing market, some areas are slow, some are lightning fast.</p><p class="block-p">Detached homes have not risen in price as much as townhomes have over the last year, so it's still my opinion that now is a great time to upsize from a townhome to a detached.</p><p class="block-p">Spring is here, and the market is continuing to gradually increase pace, but there have been, and will likely be no sudden increases in price until the interest rates lower this year.</p><p class="block-p">Sales volume continued to rise, but not quite as fast as the new inventory. In April the active inventory of homes increased by 113 homes, while the amount of monthly sales only increased by 14. Due to having more competition, especially in the townhome and condo market, prices have softened a little bit from where they were earlier in the year.</p><p class="block-p">We're still very much in a changing market, some areas are slow, some are lightning fast.</p><p class="block-p">Detached homes have not risen in price as much as townhomes have over the last year, so it's still my opinion that now is a great time to upsize from a townhome to a detached.</p> Sat, 01 Jun 2024 18:59:00 GMT https://bentruscottrealestate.com/blog.html/ben-truscott-real-estate-report---may-2024-8344920 2024-06-01T18:59:00Z https://bentruscottrealestate.com/blog.html/ben-truscott-real-estate-report---april-2024-8344917 <p class="block-p"></p> Wed, 01 May 2024 18:55:00 GMT https://bentruscottrealestate.com/blog.html/ben-truscott-real-estate-report---april-2024-8344917 2024-05-01T18:55:00Z https://bentruscottrealestate.com/blog.html/ben-truscott-real-estate-report---march-2024-8344916 <p class="block-p"></p> Mon, 01 Apr 2024 18:54:00 GMT https://bentruscottrealestate.com/blog.html/ben-truscott-real-estate-report---march-2024-8344916 2024-04-01T18:54:00Z https://bentruscottrealestate.com/blog.html/ben-truscott-real-estate-report---february-2024-8344914 <p class="block-p"></p> Fri, 01 Mar 2024 19:54:00 GMT https://bentruscottrealestate.com/blog.html/ben-truscott-real-estate-report---february-2024-8344914 2024-03-01T19:54:00Z https://bentruscottrealestate.com/blog.html/ben-truscott-real-estate-report---january-2024-8344913 <p class="block-p"></p> Thu, 01 Feb 2024 19:53:00 GMT https://bentruscottrealestate.com/blog.html/ben-truscott-real-estate-report---january-2024-8344913 2024-02-01T19:53:00Z https://bentruscottrealestate.com/blog.html/ben-truscott-real-estate-report---december-2023-8344912 <p class="block-p"></p> Mon, 01 Jan 2024 19:53:00 GMT https://bentruscottrealestate.com/blog.html/ben-truscott-real-estate-report---december-2023-8344912 2024-01-01T19:53:00Z https://bentruscottrealestate.com/blog.html/ben-truscott-real-estate-report---november-2023-8344908 <p class="block-p"></p> Fri, 01 Dec 2023 19:52:00 GMT https://bentruscottrealestate.com/blog.html/ben-truscott-real-estate-report---november-2023-8344908 2023-12-01T19:52:00Z https://bentruscottrealestate.com/blog.html/ben-truscott-real-estate-report---october-2023-8344907 <p class="block-p"></p> Wed, 01 Nov 2023 18:52:00 GMT https://bentruscottrealestate.com/blog.html/ben-truscott-real-estate-report---october-2023-8344907 2023-11-01T18:52:00Z https://bentruscottrealestate.com/blog.html/ben-truscott-real-estate-report---september-2023-8344906 <p class="block-p"></p> Sun, 01 Oct 2023 18:51:00 GMT https://bentruscottrealestate.com/blog.html/ben-truscott-real-estate-report---september-2023-8344906 2023-10-01T18:51:00Z https://bentruscottrealestate.com/blog.html/ben-truscott-real-estate-report---august-2023-8344905 <p class="block-p"></p> Fri, 01 Sep 2023 18:51:00 GMT https://bentruscottrealestate.com/blog.html/ben-truscott-real-estate-report---august-2023-8344905 2023-09-01T18:51:00Z https://bentruscottrealestate.com/blog.html/ben-truscott-real-estate-report---july-2023-8344903 <p class="block-p"></p> Tue, 01 Aug 2023 18:50:00 GMT https://bentruscottrealestate.com/blog.html/ben-truscott-real-estate-report---july-2023-8344903 2023-08-01T18:50:00Z https://bentruscottrealestate.com/blog.html/ben-truscott-real-estate-report---june-2023-8344902 <p class="block-p"></p> Sat, 01 Jul 2023 18:50:00 GMT https://bentruscottrealestate.com/blog.html/ben-truscott-real-estate-report---june-2023-8344902 2023-07-01T18:50:00Z https://bentruscottrealestate.com/blog.html/ben-truscott-real-estate-report---may-2023-8344901 <p class="block-p"></p> Thu, 01 Jun 2023 18:49:00 GMT https://bentruscottrealestate.com/blog.html/ben-truscott-real-estate-report---may-2023-8344901 2023-06-01T18:49:00Z https://bentruscottrealestate.com/blog.html/ben-truscott-real-estate-report---april-2023-8344900 <p class="block-p"></p> Mon, 01 May 2023 18:49:00 GMT https://bentruscottrealestate.com/blog.html/ben-truscott-real-estate-report---april-2023-8344900 2023-05-01T18:49:00Z https://bentruscottrealestate.com/blog.html/ben-truscott-real-estate-report---march-2023-8344899 <p class="block-p"></p> Sat, 01 Apr 2023 18:48:00 GMT https://bentruscottrealestate.com/blog.html/ben-truscott-real-estate-report---march-2023-8344899 2023-04-01T18:48:00Z https://bentruscottrealestate.com/blog.html/ben-truscott-real-estate-report---february-2023-8344898 <p class="block-p"></p> Wed, 01 Mar 2023 19:48:00 GMT https://bentruscottrealestate.com/blog.html/ben-truscott-real-estate-report---february-2023-8344898 2023-03-01T19:48:00Z https://bentruscottrealestate.com/blog.html/ben-truscott-real-estate-report---january-2023-8344896 <p class="block-p"></p> Wed, 01 Feb 2023 19:47:00 GMT https://bentruscottrealestate.com/blog.html/ben-truscott-real-estate-report---january-2023-8344896 2023-02-01T19:47:00Z https://bentruscottrealestate.com/blog.html/ben-truscott-real-estate-report---december-2022-8344895 <p class="block-p"></p> Sun, 01 Jan 2023 19:47:00 GMT https://bentruscottrealestate.com/blog.html/ben-truscott-real-estate-report---december-2022-8344895 2023-01-01T19:47:00Z https://bentruscottrealestate.com/blog.html/ben-truscott-real-estate-report---november-2022-8344894 <p class="block-p"></p> Thu, 01 Dec 2022 19:46:00 GMT https://bentruscottrealestate.com/blog.html/ben-truscott-real-estate-report---november-2022-8344894 2022-12-01T19:46:00Z https://bentruscottrealestate.com/blog.html/ben-truscott-real-estate-report---october-2022-8344893 <p class="block-p"></p> Tue, 01 Nov 2022 18:45:00 GMT https://bentruscottrealestate.com/blog.html/ben-truscott-real-estate-report---october-2022-8344893 2022-11-01T18:45:00Z https://bentruscottrealestate.com/blog.html/ben-truscott-real-estate---september-2022-8344891 <p class="block-p"></p> Sat, 01 Oct 2022 18:45:00 GMT https://bentruscottrealestate.com/blog.html/ben-truscott-real-estate---september-2022-8344891 2022-10-01T18:45:00Z https://bentruscottrealestate.com/blog.html/ben-truscott-real-estate-report---august-2022-8344890 <p class="block-p"></p> Thu, 01 Sep 2022 18:44:00 GMT https://bentruscottrealestate.com/blog.html/ben-truscott-real-estate-report---august-2022-8344890 2022-09-01T18:44:00Z https://bentruscottrealestate.com/blog.html/ben-truscott-real-estate-report---july-2022-8344889 <p class="block-p"></p> Mon, 01 Aug 2022 18:44:00 GMT https://bentruscottrealestate.com/blog.html/ben-truscott-real-estate-report---july-2022-8344889 2022-08-01T18:44:00Z https://bentruscottrealestate.com/blog.html/ben-truscott-real-estate-report---june-2022-7758422 Welcome Summer!<br /><br />As the Bank of Canada continues to talk about future interest rate hikes, the market continues to adjust downwards with some more significant average price drops across the board.<br /><br />People are expecting things to continue in this direction as the banks intend to continue interest rate hikes for the time being to combat inflation.<br /><br />Have you been thinking of buying or selling but you're not sure if now is the right time? Give me a call or text at 604-798-3960, I am happy to look into your current situation and provide you will all the details you need in order to make an informed decision!<br /><br />Go out there and enjoy the sun!<br /><br /><br /><br /> Fri, 01 Jul 2022 19:33:00 GMT https://bentruscottrealestate.com/blog.html/ben-truscott-real-estate-report---june-2022-7758422 2022-07-01T19:33:00Z