Abbotsford, BC – September 2018
According to FVREB statistics for the month of August 2018 the average selling price of single family dwellings in Abbotsford increased by 1.9% (year over year), however the number of sales decreased by 27.6% (year over year). For more details contact us or visit the FVREB…

Langley, BC - September 2018
According to FVREB statistics for the month of August 2018 the average selling price of single family dwellings in Langley decreased by 4.3% (year over year), the number of sales decreased by 44.4% (year over year). For more details contact us or visit the FVREB…

Mission, BC - September 2018
According to FVREB statistics for the month of August 2018 the average selling price of single family dwellings in Mission increased by 1.8% (year over year), the number of sales decreased by 39.7% (year over year). For more details contact us or visit the FVREB…

One of the widely accepted definitions of Market Value

The most probable price which a property should bring in a competitive and open market as of the specified date under all conditions requisite to a fair sale, the buyer and seller each acting prudently and knowledgeably, and assuming the price is not affected by undue stimulus.

Implicit in this definition are the consummation of a sale as of the specified date and the passing of title from seller to buyer under conditions whereby:
- buyer and seller are typically motivated;
- both parties are well informed or well advised, and acting in what they consider their best interests;
- a reasonable time is allowed for exposure in the open market;
- payment is made in terms of cash in Canadian dollars or in terms of financial arrangements comparable thereto;
- the price represents the normal consideration for the property sold unaffected by special or creative financing or sales concessions granted by anyone associated with the sale.

Source: Canadian Uniform Standards of Professional Appraisal Practice