AY April commentApril was a peculiar month for the residential land market in the Fraser Valley with both a surge in offer activity and an increase in court ordered sales hitting the market. The gap between the well-capitalized groups and those drowning in debt is becoming more and more apparent. Incidentally, the cohort of developers on the well-capitalized end of the spectrum is clearly massive as well-priced development sites are seeing multiple offers. That offer activity is compressing deal timelines. Land values are holding relatively constant for now, aside from a couple of select neighbourhoods that are seeing advancements in OCP/NCP approvals or construction of major servicing infrastructure.