Market Overview

In January 2025, the Fraser Valley Real Estate Board (FVREB) reported a significant influx of new listings, with 3,432 properties added to the Multiple Listing Service® (MLS®). This surge represents a 167% increase from December, elevating active listings to 7,251—the highest in a decade and 54% above the 10-year average.fvreb.bc.ca

Despite the increased inventory, sales have moderated. The FVREB processed 818 sales in January, an 18% decrease from December. This dynamic has shifted the sales-to-active listings ratio to 11%, indicating a buyer's market.

fvreb.bc.ca

Abbotsford

Abbotsford mirrored the regional trend with a substantial rise in new listings. January saw 178 new detached home listings, 82 townhouses, and 143 apartments. However, sales remained stable year-over-year for detached homes, while townhouse sales decreased by 56%, and apartment sales saw a slight 2% decline. Benchmark prices experienced modest changes: detached homes increased by 2% to $1,207,400; townhouses rose by 5% to $685,500; and apartments decreased by over 1% to $440,900.

Chilliwack

In Chilliwack, residential property values experienced a modest 2% increase in 2025. The typical single-family home was assessed at $907,000, up from $890,000 the previous year. This aligns with the broader trend in the Lower Mainland, where most homeowners saw changes in the range of -5% to +5%

Mission

Mission's real estate market has shown resilience. While specific January 2025 data is limited, historical trends indicate that Mission has experienced significant growth over the past decade, with combined residential prices increasing by 137.9%, the highest in the Fraser Valley.

Spring Market Outlook

The substantial increase in inventory across the Fraser Valley suggests potential opportunities for buyers as we approach the spring market. Stable prices combined with a higher selection of properties may provide favorable conditions for those looking to enter the market. However, economic uncertainties, including potential trade issues and interest rate fluctuations, could influence buyer confidence and market dynamics. It's advisable for both buyers and sellers to consult with local real estate professionals to navigate this evolving landscape effectively.

In summary, the Fraser Valley real estate market is currently characterized by increased inventory and stable pricing, creating a buyer-friendly environment. As the spring season approaches, staying informed and working closely with real estate experts will be crucial for making strategic decisions in this dynamic market.

🏢 Understanding the Speculation and Vacancy Tax 💼 The Speculation and Vacancy Tax is a key measure implemented by the BC government to address the issue of housing affordability and availability. This tax applies to residential properties located in designated taxable regions, targeting property owners who do not live in their homes or leave them vacant for an extended period.

📝 Step-by-Step Guide to Declare the Tax 🗂️

1️⃣ Step 1: Determine Your Taxable Status Understand the criteria for being subject to the Speculation and Vacancy Tax, including residency status and property use during the tax year.

2️⃣ Step 2: Collect the Necessary Information Gather all relevant details regarding your residential property, such as property address, ownership structure, and tenancy information.

3️⃣ Step 3: Register Online Visit the BC government's official website dedicated to the Speculation and Vacancy Tax and create an account to register for the tax.

4️⃣ Step 4: Complete the Declaration Provide accurate and up-to-date information about your property, including property type, usage details, and rental information.

5️⃣ Step 5: Submit the Declaration Review the information entered, ensure its accuracy, and submit the declaration within the specified deadline.

6️⃣ Step 6: Pay the Tax or Claim an Exemption If your property is subject to the tax, make the necessary payment within the designated timeframe. Alternatively, if you are eligible for an exemption or have claimed a tax credit, provide the required documentation to support your claim.

📩 Additional Resources and Support 📞 In addition to this video guide, the BC government's website provides comprehensive resources, including FAQs, guides, and contact information for any questions or concerns regarding the Speculation and Vacancy Tax.

🎥 Join us on this informative journey, where we demystify the process of declaring the Speculation and Vacancy Tax in BC. Stay informed and compliant by following our step-by-step guide. Don't forget to subscribe to our channel and hit the notification bell to stay updated on future videos that provide valuable insights on real estate-related topics!

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Watch Heidi’s full YouTube Short for even more staging inspiration!

https://youtube.com/shorts/NMQvdreV1zw?feature=share

Selling your home can feel overwhelming, but with the right staging techniques, you can make your property stand out and attract potential buyers. In her YouTube Short, Heidi Nash shares practical and effective tips to stage your home like a pro. Whether you're a first-time seller or a seasoned homeowner, these insights will help you create a space that buyers can’t resist. Let’s dive into her top tips!

1. Declutter and Depersonalize

The first step to staging your home is to declutter and remove personal items. Buyers need to envision themselves living in the space, so clear out family photos, excessive decor, and anything that makes the home feel too "yours." Heidi emphasizes creating a clean, neutral canvas that appeals to a wide audience.

2. Focus on Key Areas

Not every room needs a full makeover. Heidi suggests prioritizing high-impact areas like the living room, kitchen, and master bedroom. These spaces are deal-breakers for buyers, so make sure they’re clean, organized, and inviting. A well-staged living room, for example, can set the tone for the entire home.

3. Let in the Light

Natural light can make any space feel larger and more welcoming. Open up curtains, clean your windows, and consider adding mirrors to reflect light and create the illusion of more space. Heidi’s tip? Replace heavy drapes with sheer curtains to maximize brightness.

4. Rearrange Furniture for Flow

Furniture placement is key to making a room feel spacious and functional. Heidi recommends arranging furniture to create a natural flow and highlight the room’s best features. Avoid pushing all furniture against the walls—this can make the space feel cold and uninviting.

5. Add Finishing Touches

Small details can make a big difference. Fresh flowers, a bowl of fruit on the kitchen counter, or a cozy throw blanket on the couch can add warmth and charm. Heidi’s advice? Keep it simple and avoid over-decorating.

6. Don’t Forget Curb Appeal

First impressions matter! Make sure the exterior of your home is just as inviting as the interior. Trim the lawn, add potted plants, and ensure the entryway is clean and welcoming. A well-maintained exterior sets the tone for what’s inside.

Final Thoughts

Staging your home doesn’t have to be expensive or time-consuming. By following Heidi Nash’s expert tips, you can create a space that feels fresh, modern, and appealing to buyers. Remember, the goal is to help potential buyers see themselves living in your home.

Watch Heidi’s full YouTube Short for even more staging inspiration!

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1. Potential for passive income: If the investment property is rented out, it can provide a regular stream of passive income for the family. This can be especially useful for families who are looking for additional financial stability or to supplement their regular income.

2. Potential for appreciation: Investment properties can appreciate in value over time, meaning that the value of the property may increase. This can be a good way to build wealth for the future.

3. Diversification of investments: Buying an investment property can help to diversify a family's investment portfolio, which can help to reduce risk.

4. Potential for tax benefits: There may be tax benefits associated with owning an investment property, such as being able to write off certain expenses related to the property.

It's important to keep in mind, however, that owning an investment property is not without risks and responsibilities. The family will need to be prepared to handle the costs of maintaining the property, as well as the risk of vacancy if the property is not rented out. They should also be prepared to handle the responsibilities of being a landlord, such as dealing with tenant issues and making repairs.

In today’s challenging real estate market, homeownership can feel out of reach—especially for younger generations facing rising housing costs, inflation, and limited inventory. One increasingly popular solution is multigenerational housing, where two families or multiple generations live together under one roof or on a shared property. Not only does this approach make homeownership more accessible, but it also strengthens family bonds and provides financial and lifestyle benefits. Let’s explore why combining purchasing power to buy a single-family home instead of separate condos or townhouses is an appealing strategy.

1. Increased Purchasing Power

One of the biggest advantages of multigenerational living is the ability to pool financial resources. When two families or multiple generations combine their savings, incomes, and borrowing power, they can afford a larger, better-located, and more comfortable home than they could individually. This means that instead of settling for a smaller condo or townhouse, families can invest in a single-family home with more space, a backyard, and better long-term value.

2. More Space and Privacy

Compared to townhouses and condos, single-family homes typically offer more square footage, larger bedrooms, outdoor space, and additional amenities such as a basement or a garage. While sharing a home requires thoughtful planning to ensure privacy, many modern homes and home designs can accommodate separate living spaces, in-law suites, or even accessory dwelling units (ADUs) that provide independence while keeping everyone connected.

3. Shared Expenses and Reduced Financial Burden

The cost of homeownership extends beyond the mortgage—it includes property taxes, maintenance, utilities, and unexpected repairs. By living together, families can share these expenses, making homeownership more manageable for all. Splitting costs means lower monthly payments, more flexibility with savings, and the ability to build wealth over time rather than paying rent or HOA fees.

4. Built-In Support System

Multigenerational living fosters a strong family support system. For young parents, having grandparents nearby can mean help with childcare, reducing daycare costs and offering emotional and practical support. For older generations, it provides companionship and assistance with daily tasks, reducing the need for assisted living in the future. The arrangement creates a more connected, engaged family life where everyone contributes and benefits.

5. Long-Term Investment and Wealth Building

Real estate is one of the most reliable ways to build wealth over time. By investing in a single-family home together, both families can benefit from property appreciation. Unlike renting or buying a condo with limited resale potential, a larger home typically holds more long-term value. Over time, the property can be an asset that benefits future generations.

6. Flexibility for Changing Needs

Life is unpredictable, and multigenerational housing offers flexibility to adapt to changing circumstances. Whether it’s a young couple starting their family, aging parents needing more care, or a family member facing financial hardship, a shared home provides a safety net. Additionally, with creative home designs, such as dual-primary suites or separate entrances, families can modify spaces as their needs evolve.

7. Strengthened Family Bonds

Living together encourages stronger family relationships. While independence is important, proximity allows for more meaningful interactions, shared traditions, and collective decision-making. In an era where many families feel disconnected due to distance and busy lifestyles, multigenerational living fosters a deeper sense of belonging and togetherness.

Making It Work: Key Considerations

While multigenerational living offers numerous benefits, thoughtful planning is essential to ensure harmony and balance. Here are a few key factors to consider:

• Layout & Privacy: Choose a home that allows for separate spaces, such as an in-law suite or separate floors.

• Financial Agreements: Have a clear financial plan, including mortgage contributions, maintenance responsibilities, and exit strategies.

• Household Responsibilities: Establish guidelines for shared expenses, chores, and common space usage to avoid conflicts.

• Open Communication: Regular discussions about expectations and boundaries will help maintain positive relationships.

Conclusion

Multigenerational living isn’t just a financial strategy—it’s a lifestyle choice that brings families closer while making homeownership more attainable. By combining purchasing power, families can secure a larger home, reduce expenses, and build wealth together while fostering deeper connections. As housing costs continue to rise, this collaborative approach offers a smart, sustainable way to achieve the dream of homeownership while creating a supportive and fulfilling family environment.

Are you considering a multigenerational home? Let’s start the conversation on how to make it work for your family!

✨ Just Sold! 🏡✨

Congratulations to our amazing first-time home buyers on their new home at 315-9000 Birch Street in Chilliwack! 🎉. This gem was found using the Collaboration Centre 🖥️🔍, making the search seamless and efficient. After just ONE DAY of showings, the buyers moved quickly to make an offer and secured this incredible deal! 💨💼

Their determination and teamwork paid off, and we couldn’t be happier for them as they take this exciting step into homeownership. 🥳🏡💛

Thinking about buying your first home? Let’s make it happen with the right tools and strategy! 🚪✨

#JustSold #FirstTimeHomeBuyers #ChilliwackRealEstate #CollaborationCentre #DreamHome #RealEstateSuccess #HomeSweetHome

Buying your first home is an exciting milestone, but it can also feel overwhelming if you don’t know where to start. At Nash Real Estate, we’re here to simplify the process and guide you every step of the way. If you’re ready to make your homeownership dreams a reality, here are 5 essential steps to get started:

Step 1: Know Your Budget

Before you start looking at homes, it’s important to understand what you can afford. This includes getting pre-approved for a mortgage and determining a monthly payment that fits your lifestyle. At Nash Real Estate, we can connect you with trusted lenders to make this process smooth and stress-free.

Step 2: Define Your Priorities

What’s most important to you in a home? A great location, a big backyard, or proximity to schools? Make a list of your must-haves and nice-to-haves. This will help us at Nash Real Estate create a personalized plan to find homes that meet your criteria.

Step 3: Start Your Search

Searching for your first home should be fun—not stressful! That’s why we’ve built a powerful Search Tool on our website. It gives you instant access to the latest listings, customizable filters, and the ability to save your favorites. We’ll guide you through each option and help you make informed decisions.

Step 4: Work with Trusted Professionals

Navigating the real estate market is easier with the right team by your side. As experts in the [Your Area] market, Nash Real Estate is dedicated to helping first-time buyers like you find the perfect home. From negotiating offers to handling paperwork, we’ve got you covered.

Step 5: Take the Leap!

Once you’ve found your dream home, it’s time to seal the deal. We’ll walk you through the closing process and ensure everything goes smoothly, so you can step into your new home with confidence.

Why Choose Nash Real Estate?

Buying your first home is a big decision, and having the right support can make all the difference. At Nash Real Estate, we:

• Provide expert guidance tailored to your unique needs.

• Offer cutting-edge tools to simplify your search.

• Prioritize communication, so you’re informed every step of the way.

Ready to Get Started?

Let’s make your dream of homeownership a reality. Visit www.nashteam.ca today to explore our tools, view available listings, and schedule a consultation with our team. Your first home is just a few steps away!