Lower Mainland housing market gains ground as B.C. exports retreat

As someone who’s closely watched the ebb and flow of the Lower Mainland real estate market—from Surrey to Vancouver and beyond—I’ve noticed a few significant shifts lately. While housing sales dipped 3.6% compared to last year, seasonal activity has actually picked up with a 6.6% increase, and average prices are holding steady at $1.129M. With high inventory and softer demand, buyers are seeing more options and negotiating power across neighborhoods I serve, from New Westminster to Abbotsford. On a broader note, B.C. exports fell by 13.6% in July, while imports rose 16%, painting an interesting economic backdrop for our local market. If you’re curious about what these trends might mean for your next move, I’m always keeping an eye on how shifting numbers translate to real opportunities in our communities.