The Langley and Fraser Valley real estate market is experiencing a surplus of condominiums, presenting unique opportunities for investors and homebuyers.

As of February 2025, the Fraser Valley Real Estate Board reported 8,070 active listings, a 45% increase from the previous year. The sales-to-active listings ratio is now 11%, solidifying a buyer's market. The Benchmark price for apartments in the Fraser Valley dropped 0.3% in February and 2.4% year-over-year, now at $533,200. This price adjustment reflects increased availability and reduced competition.

Favorable Conditions for Buyers

With higher supply, buyers gain negotiation power, more time for due diligence, and improved financing options. The recent 0.25% Bank of Canada rate cut on March 12th, 2025, has further enhanced affordability.

Investors Facing Unexpected Challenges

Many investors who purchased pre-sale condos intending to flip assignment contracts are now forced to close on their units, contributing to the oversupply. This creates an opportunity for buyers to secure properties at discounted prices.

A Rare Opportunity for Long-Term Investors

As Warren Buffett said, "Be fearful when others are greedy, and greedy when others are fearful." This period of surplus presents a rare chance to invest while prices are low, setting the stage for future gains as demand rebounds.

#Real Estate Investment #Langley Real Estate #Fraser Valley Condos #Investors Opportunity #Buyers Market #Property Deals #Debbie Balfour #WBNNews Langley

Debbie Balfour |Real Estate Investing Success Coach + Podcast Host Website: www.DebbieBalfour.com Email address: Debbie@DebbieBalfour.com Follow me on LinkedIn: Debbie Balfour YouTube Channel: https://www.youtube.com/@DebbieBalfour

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