Terry Mitterer Abbotsford & Chilliwack Real Estate Services

09/24/2026

BC Standing Inventory Data By City, Size, And Average Price
With over 35 years of helping families make the right move in the Fraser Valley, I always keep a close eye on trends that could matter to your next decision. Right now, BC is seeing 6,687 unsold residential units—mostly condos—across the province, with the largest inventories in Burnaby, Vancouver, and Surrey. What's especially important for buyers and sellers to know is that this unsold stock isn’t limited to small units; the market is showing a more complex picture than headlines suggest. Understanding how these numbers might affect your plans is all part of making sure your next move is the right one. My commitment has always been to guide you through each step in a way that feels relaxed, efficient, and above all, focused on your satisfaction.


https://www.housing-trends.com/agent-news/terry-mitterer/1969054-BC-Standing-Inventory-Data-By-City%2C-Size%2C-And-Average-Price

09/23/2026

Canada Fee Cuts Could Unlock Supply | Advice You Can Trust, Results You Can Depend On
As someone who's spent decades helping families find their ideal home in the Fraser Valley, I keep a close eye on the factors that shape our housing market. A recent national housing agency report caught my attention: it highlights how development fees can significantly increase the cost of new homes across Canada. In fact, reducing or eliminating these fees could make about 14% more residential projects financially viable. For major cities like Toronto and Vancouver, removing these charges could boost the number of feasible projects by roughly 10%. Toronto alone could potentially meet half of its stated housing supply goals through these changes.

Here in Western Canada, we see quite a range in development fees—Calgary, for example, charges around $4,000 for a one-bedroom high-rise and up to $9,000 for a detached home, while Vancouver’s fees can climb as high as $33,000 for similar properties. These fees do help fund vital infrastructure like roads and sewers, so the answer isn’t simply zeroing them out. But there’s a strong case for reducing fees on family-sized homes, making it more practical for larger new builds to compete with resale properties—something many Fraser Valley families are looking for.

After 35 years of guiding clients through the complexities of buying and selling, I know how much every factor counts when you’re making a move. Staying informed about changes like these is just one way I work to ensure my clients’ needs are met with care and expertise.

09/23/2026

Bright & Spacious Top Floor Corner 1-Bdrm Condo in walkable & bikeable South Chilliwack location. Enjoy large, private balcony overlooking peaceful green space — perfect spot to relax. Vacant Oct 1st. Well cared for & move-in ready, this home features some notable updates with opportunity to add your own personal style & value. McIntosh Place is a smaller, friendly, well-managed complex with affordable strata fees, conveniently located steps from shops, restaurants, schools, parks & quick Hwy 1. Features include in-suite laundry, no age or rental restrictions, and is pet-friendly. Excellent opportunity for first-time buyers, investors, or downsizers looking for affordable ownership. Could this be the one? Click multimedia links below for more info and book your showing before it’s gone!

09/23/2026

Mid-year outlook for Canada's housing market: Between correction and recovery
As someone who’s spent more than 35 years guiding Fraser Valley families through every kind of housing market, I always keep a close eye on the bigger picture for my clients. Looking at Canada’s mid-year housing outlook, I’m encouraged to see early signs of a turnaround for 2026—with resales on the rise, inventory levels finding their footing, and price declines starting to ease. Even with some headwinds like adjustments to immigration and interest rate hikes, experts are calling for a modest rebound in 2027. Having helped many families navigate both corrections and recoveries, I know that understanding the market’s direction is key to making confident decisions. My commitment remains to help you move forward smoothly, no matter what stage the market is in.

09/23/2026

How much is your Home Worth?
Find out if it's time to sell your home

Find out what your home is really worth. Get a free, personalized home evaluation based on local market data from Terry Mitterer.

09/22/2026

Canada: Rate Cuts Can Worsen Affordability | Advice You Can Trust, Results You Can Depend On
Over my years helping families move throughout the Fraser Valley, I’ve seen how shifts in interest rates can spark excitement among buyers hoping for better affordability. But recent research from the central bank highlights a familiar challenge: when rates drop, housing demand surges almost immediately, while the actual increase in new homes lags behind. In Canada, we typically see resales jump soon after a rate cut—with the full effect showing up 18 to 24 months later—while new construction starts to respond only about two years down the road.

With a strong labour market, people feel more confident about making big moves, and lenders are more flexible—which can fuel even faster buying. Builders, however, are slower to bring new projects to market, especially multi-unit homes, because of planning and permit timelines.

The takeaway? While lower rates may help more people enter the market at first, true affordability remains out of reach unless supply can catch up to demand. For families looking to make a move, it's crucial to look beyond headlines and understand how these cycles really play out. I’m committed to guiding you through every step, ensuring your needs are met with the care and expertise you deserve.

09/19/2026

Canada's housing market 'finally' moving toward recovery this year: RBC
After over 35 years helping Fraser Valley families navigate the ups and downs of our real estate market, I’ve seen how the right conditions can make all the difference when you’re making a move. Recent updates from RBC show Canada’s housing market is 'finally' making strides toward recovery this year, with resales on the rise, inventories finding their balance, and prices beginning to level out. While resales are expected to dip by 3.6% this year, there’s optimism for a 6.7% growth next year—alongside modest price increases, provided interest rates remain steady and we weather a few external risks. I know firsthand how these market shifts can impact families planning their next chapter, and I remain committed to making your home buying or selling experience as smooth and rewarding as possible.


https://www.housing-trends.com/agent-news/terry-mitterer/1960495-Canada%27s-housing-market-%27finally%27-moving-toward-recovery-thi

09/18/2026

Housing Starts Data Release: What It Means for Canada's Market
With over 35 years of helping families make their move in the Fraser Valley, I've learned that every shift in the housing market can mean new opportunities—or new challenges—for buyers and sellers alike. This July, Canada’s housing starts estimate climbed to 248 from June’s 239. While the finalized numbers are still on the way, this early uptick suggests a possible boost in construction activity and, by extension, economic momentum. I’m always keeping a close eye on these indicators to help my clients navigate their decisions with confidence and ease. As always, my goal is to ensure your next move is as smooth and successful as possible.


https://www.housing-trends.com/agent-news/terry-mitterer/1938747-Housing-Starts-Data-Release%3A-What-It-Means-for-Canada%27s-Mark

09/17/2026

Several straight monthly gains: is Canada's market turning?
July marked the fourth consecutive month of increased Canadian home sales, with supply continuing to tighten and prices holding steady. The average sale price edged up by 0.2% to $674,819, while new listings dipped 1.6%, keeping inventory at 4.7 months—signs of a balanced market. After more than 35 years helping Fraser Valley families navigate these shifts, I’ve seen firsthand how subtle changes like these can shape your buying or selling experience. For me, ensuring your satisfaction isn’t just a goal—it’s my greatest achievement. Whether you’re moving up, downsizing, or simply curious about how these trends might affect your next move, I’m always here to make the process relaxed, efficient, and focused on your needs.


https://www.housing-trends.com/agent-news/terry-mitterer/1926462-Several-straight-monthly-gains%3A-is-Canada%27s-market-turning%3F

09/16/2026

Chilliwack BC Condo Inventory Snapshot | Advice You Can Trust, Results You Can Depend On
Here’s a closer look at the condo inventory in Chilliwack for Q2 2026: There were 100 completed but unsold homes, all of which were condos in woodframe buildings. Notably, none of this standing inventory was spread across townhomes or concrete condos—just these four woodframe buildings, managed by three groups. That kind of concentration offers a clear picture of where our completed unsold supply is sitting in Chilliwack right now.

This has become a hot topic locally, especially since Canada and BC rolled out their condo conversion partnership plan. With the province still finalizing the details in early Q3, and the question of who the province will buy from still up in the air, it’s no wonder this is on everyone’s radar. After more than 35 years helping Fraser Valley families navigate the ever-changing market, I know how important it is to stay on top of these shifts. My focus, as always, is to ensure you have the information you need to make confident decisions—whether you’re planning a move or simply keeping an eye on the local market.