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Written on November 3rd, 2017

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On going demand for properties in the Fraser Valley saw overall sales reach the second highest point for an October in the Board’s history. The divide between the attached and detached market continues to widen. Apartments are selling as fast as we list them. Attached sales represented 56% of all market activity for the month. The most active price band is between $200,000 and $600,000. At the end of the day it gets down to affordability. We are seeing the detached market soften as prices just increased too quick in such a short period of time.