Michael Harvey Personal Real Estate Corporation, Vancouver, BC (2026)

06/09/2026

Fraser Valley Real Estate Market Update – May 2026

The Fraser Valley market continues to present excellent opportunities for buyers, particularly homeowners looking to upsize. While overall activity remains cautious due to ongoing economic uncertainty, lower prices and abundant inventory are creating one of the most buyer-friendly markets we’ve seen in years.

🏡 Market Snapshot

• 1,124 homes sold in May, up 0.5% from April but 5% lower than May 2025.
• Single-family detached homes led all property types in sales activity, outperforming both townhomes and condos.
• 10,140 active listings give buyers plenty of options, with inventory remaining well above historical averages.

📈 Buyer’s Market Conditions

The sales-to-active listings ratio sits at just 11%, firmly placing the Fraser Valley in buyer’s market territory. Historically, a balanced market falls between 12% and 20%, meaning buyers currently have stronger negotiating power and more choice than sellers.

🏠 Benchmark Prices

• Detached Homes: $1,366,500
⬇️ Down 0.6% from April and 7.9% compared to May 2025.

• Townhomes: $769,500
⬇️ Down 0.3% month-over-month and 7.6% year-over-year.

• Apartments/Condos: $483,800
⬇️ Down 1.5% from April and 8.8% compared to last year, making condos the segment with the largest annual price decline.

📉 The overall Fraser Valley benchmark home price now sits at $893,300, down 0.7% in May after two consecutive months of gains.

⏳ Average Days on Market
• Detached Homes: 35 days
• Townhomes: 37 days
• Condos: 40 days

💡 While many buyers remain cautious due to economic uncertainty and cost-of-living pressures, financially prepared purchasers are finding exceptional opportunities—especially move-up buyers using existing home equity to purchase larger homes at prices that were unattainable just a few years ago.

Thinking of buying, selling, or upgrading your home? Now is the perfect time to understand your options and create a strategy tailored to today’s market.

📩 Reach out anytime for a complimentary home evaluation or a personalized market update for your neighbourhood.

06/09/2026

Greater Vancouver Real Estate Market Update – May 2026

The Metro Vancouver housing market remained balanced in May, with overall home sales down 3.8% compared to the same time last year, largely due to softer activity in the apartment sector.

📊 Breaking down the market by property type:

🏡 Detached homes continued to show resilience, with sales increasing by approximately 1% year-over-year, reflecting steady demand despite higher inventory levels.

🏘️ Townhomes and attached properties remained one of the strongest-performing segments, with sales holding relatively steady and a sales-to-active listings ratio of 15.4%, indicating balanced market conditions and continued buyer interest.

🏢 Apartment sales declined by approximately 7% compared to May 2025, making it the weakest-performing segment overall. However, the slowdown wasn’t uniform across Metro Vancouver, with larger markets such as North Vancouver and East Vancouver posting year-over-year increases in condo sales, highlighting the importance of local market dynamics.

Overall, the market remains balanced, with healthy inventory levels giving buyers more choice while keeping home prices relatively stable.

📈 Current Sales-to-Active Listings Ratios:

• Detached Homes: 10.7%
• Townhomes/Attached: 15.4%
• Apartments: 14.2%
• Overall Market: 13.1%

Historically, when this ratio stays below 12%, home prices tend to experience downward pressure. When it remains above 20% for an extended period, prices often begin to rise.

💡 The good news? Home prices across all property types remained stable month-over-month, as healthy inventory levels continue to meet current buyer demand.

Looking ahead, market experts expect a calm and balanced summer market, with no major economic catalysts expected to significantly shift prices or sales activity in either direction.

Whether you’re thinking about buying, selling, or simply curious about your home’s current value, understanding today’s market conditions is key to making informed decisions.

📩 Feel free to reach out if you would like a personalized update for your neighbourhood or property.

05/27/2026

*JUST SOLD*

23 - 2453 163 St, South Surrey

BIG Congratulations to my amazing buyers on securing this stunning 4 Bed, 4 Bath, luxury end-unit townhome with a private, sun-drenched west-facing backyard in one of South Surrey’s most desirable & sought after complexes! 🥂

This Craftsman-style residence ticked all the boxes, offering over 2,650 sq ft across 3 spacious levels with soaring 19’ vaulted ceilings, fully finished basement with rec room & nanny suite, hardwood flooring, a gourmet kitchen with upgraded stainless steel appliances, granite countertops, gas range, large island, and walk out backyard perfect for entertaining. Located in a quiet community, yet walking distance to all the shops, restaurants, parks, schools, and lifestyle conveniences Grandview Heights offers. ☀️

Thank you again to my wonderful clients for being such a pleasure to work with, the excellent communication from day one, and for your complete trust & faith in me to secure this beauty for you before BBQ season! Excited to welcome you to the neighborhood! 🔑🏡
A special thank you to L.D. for your referral, and trusting me to guide your friends into this beautiful South Surrey home! 🙏🏼

If you or someone you know is thinking about making a move, please feel free to reach out. I’m never too busy for your referrals, and more than happy to help!

05/27/2026

Both fear and faith ask you to believe in something you haven’t seen yet.

Fear tells you to focus on limitations.
Faith reminds you to focus on possibilities.

The truth is… fear is normal. We all feel it.

But fear was never meant to paralyze you.

It was meant to sharpen you, strengthen you, and push you to grow. Use it as a tool and fuel.

The most successful people I know still feel fear, they just don’t let it stop them. Acknowledge it, and keep moving forward.

Choose faith.
Choose growth.
Choose to believe that the opportunities, breakthroughs, and blessings meant for you are already on their way — even if you can’t see them yet.

Keep going. Your future is being shaped by what you believe today. ☀️

05/11/2026

*JUST SOLD*

43 - 7716 207 St, Langley

A HUGE Congratulations to my happy & excited clients on the purchase of their beautiful, brand new 4 bedroom townhome in Langley’s family friendly Willoughby Heights neighborhood!! 🥂

After comparing and previewing the top developments in the area, communicating with various sales teams, and discussing promos and offerings, we found your next home at Griffon Townhomes. Everything here just felt right. Your family being so close by, the location within the community, all the shops, parks, and restaurants within walking distance, and overall feel and flow of the home. We were also able to negotiate a great deal together and some of the bells and whistles included! :) 🙌🏽

A BIG thank you again to my wonderful newlywed clients for your complete trust & faith in me from day 1, and allowing me the honor of helping to guide you both into your very first home!! 🙏🏼
It has been amazing watching your progression and growth since RR, and I am super excited for your next chapters you will be writing together! Thank you as well for the outstanding communication & being such a pleasure to work with. 🫶🏼

If you or someone you know is thinking about making a move, please feel free to reach out. I’m never too busy for your referrals, and more than happy to help!

05/10/2026

Happy Mother’s Day!! 🥰 Wishing my mama and all the incredible moms a wonderful & blessed Mother’s Day! Thank you for giving endlessly, loving unconditionally, and holding families together through every season of life.❤️

Today is a special tribute to you for all the strength, sacrifices, guidance, and love you nourish us with every single day.
Thank you for everything you do behind the scenes and without recognition. I love you so much more than words can express.

Special love and remembrance as well for all the Mother’s who are not here physically anymore, but always forever in our hearts. 🙏🏼

Wishing everyone and their Mama a very beautiful and love-filled Mother’s Day. 🌸

❤️

05/09/2026

Happy Friday Everyone! ☀️

“Persist in the assumption that your wish is already fulfilled.” — Neville Goddard

Sometimes the biggest shift happens when you stop focusing on what’s missing and move with confidence that what you desire is already on its way. Stay disciplined, grateful, and keep showing up. ✨

Believe

05/06/2026

*JUST LISTED*

101 - 201 Morrissey Rd, Port Moody

Beautiful & RARE 1-bedroom ground-level 770 SQFT corner unit features a fully fenced backyard & patio with direct access to the Greenbelt trail & Suter Brook Village!! Spacious layout with high ceilings, cozy fireplace, granite counters, S/S appliances, gas range, HUGE walk-in closet, & in-suite laundry! Added Privacy with no adjoining neighbors beside you. Fantastic amenities: indoor pool, hot tub, steam, sauna, gym, theatre, guest suites & more. Enjoy daily walks to Thrifty’s, Boutique shops, Coffee, Spas & Dining, or unwind at Rocky Point Park, Brewers Row & Shoreline Trail. SkyTrain & West Coast Express also steps away. Walker’s Paradise for first-time buyers, downsizers & pet lovers. Includes 1 parking. Truly one-of-a-kind. This is the one!

Offered at $599,900

OPEN HOUSE:
Sat & Sun, May 9th & 10th, from 2-4pm.

04/29/2026

*Bank of Canada 🇨🇦 Holds Rates again— But What Happens Next?

The Bank of Canada announced today that the benchmark interest rate stays put at 2.25% — marking the 4th consecutive hold in a row. 🔒

No surprise here, as most economists predicted the pause. But here’s the real takeaway 👇

While rates have now been steady for four straight announcements, the road ahead is anything but certain.
Governor Tiff Macklem signaled that if things unfold as expected, we’ll likely see only small adjustments. But there’s a lot of “ifs” in play right now — and that means rates could swing either direction depending on what happens next.

🌍 What’s driving the uncertainty?
🛢️ Ongoing Middle East conflict pushing oil prices higher
🤝 Potential shake-ups to Canada–U.S.–Mexico trade agreements
👉 If trade tensions rise → we could see rate cuts to support the economy
👉 If energy prices stay high and inflation climbs → we could see rate hikes

📊 Where inflation stands:
Inflation is sitting around 2.4%, mostly driven by higher gas prices. The Bank expects it to tick up slightly in the short term, then settle back near the 2% target by next year.

The bottom line: 🎯
Four holds in a row tells us the Bank of Canada is in “wait and see” mode — staying flexible, watching closely, and ready to pivot fast as things evolve.

💡 What this means for YOU:

This extended period of rate stability is actually good news if you’ve been on the fence:

✅ Variable-rate mortgage holders → your payments aren’t moving

✅ Buyers → you can plan with confidence knowing the rate environment isn’t shifting week-to-week

✅ Renewing soon → now’s the time to start strategizing before the next decision on June 10, 2026.

If you’re thinking about buying, selling, or refinancing, this is a market where timing and strategy matter more than ever. Sitting on the sidelines waiting for “the perfect rate” could cost you — but jumping in without a plan could too.

Whether you’re a first-time buyer, looking to refinance, or planning your next move, let’s chat about what this announcement means for your specific situation.

Michael Harvey Personal Real Estate Corporation

06/09/2026

06/09/2026

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