Market Newsdesk

TORONTO, Dec. 02, 2020 (GLOBE NEWSWIRE) — The Prospectors & Developers Association of Canada (PDAC) is excited to announce that six top international and domestic performers have been selected in recognition of their excellence.

Now in its 43^rd year, the annual PDAC Awards showcase exceptional leaders in the mineral exploration and mining industry. Recipients will be celebrated at the Awards Gala during the virtual PDAC 2021 Convention.

Congratulations to PDAC 2021 Award Recipients for their outstanding accomplishments.

• Bill Dennis Award:
  Phil
  l
  ip
  Walford
  & Sherry
  Dunsworth
  
  For the discovery and delineation of Valentine, the largest undeveloped gold resource in Atlantic Canada.

• Distinguished Service Award:
  Dennis Jones
  
  For his contribution to sustainability in the mineral exploration sector through strong leadership of PDAC’s e3 and e3 Plus initiatives as well as ongoing CSR efforts.

• Skookum Jim Award:
  Nalaine
  Morin
  
  For combining Indigenous traditional knowledge with Western science to improve the environmental assessment process for mining projects.

• Sustainability Award:
  B2Gold
  
  For exemplary resettlement and community development work with the village of Fadougou at the Fekola gold mine in Mali.

• Thayer
  Lindsley
  Award:
  K92 Mining
  
  For the 2017 discovery of the Kora North deposit at the Kainantu mine in Papua New Guinea.

• Viola R. MacMillan Award:
  Mark O’Dea
  
  For building and financing several international mining companies, taking them from exploration and discovery to development and operations.

PDAC’s Board of Directors select recipients based on recommendations of the association’s Awards Committee. More information about the 2021 Award Recipients is available on our website.

About PDAC
PDAC is the leading voice of the mineral exploration and development community. With over 7,200 members around the world, PDAC’s work centres on supporting a competitive, responsible mineral sector. PDAC is known worldwide for its annual PDAC Convention—the premier international event for the industry—that has attracted over 25,000 people from 135 countries in recent years and will next be held virtually March 8-11, 2021.Please visit www.pdac.ca.

Media contact

Kristy Kenny
[email protected]
416-807-8214

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6e56018e-be80-4548-9869-922b61751b0f

TORONTO, Dec. 02, 2020 (GLOBE NEWSWIRE) — Axiom Real-Time Metrics (“Axiom”), premier provider of unified eClinical solutions and services, is a presenting sponsor and exhibitor at Clinical Trials in Rare Diseases taking place December 7-8^th, 2020.

The presentation ‘Rare Disease Studies – Data Challenges & Solutions’, scheduled for December 8^th at 1:30 PM EST will feature Andrew Schachter, Axiom’s Founder & CEO and Kaitlyn Townsley, Axiom’s Associate Director of Product Innovation. The panelists will discuss key data challenges and technology solutions pertaining to rare disease studies, along with the advantages of centralized data and eClinical Solutions to manage it.

“Rare disease studies involve critical data from a small number of patients across EDC, ePRO, IWRS and lab data, making study management and access to real time status and reports a challenge. Fusion, Axiom’s unified eClinical platform, allows for study management within one platform providing easy to use technology to oversee Study Compliance and Patient Retention which are so important to rare disease trials. We are excited to speak with attendees and share how Fusion can help manage every aspect of their clinical trials in a single unified platform,” shared Kaitlyn Townsley, Associate Director of Product Innovation.

To register for this event, please visit: https://rarediseases.online-event.co/registration/arena-rare-diseases-3

About Axiom Real-Time Metrics

Headquartered in Toronto, Canada, Axiom delivers intuitive, powerful and cost-effective eClinical solutions and services focused around your entire study. Services include: Data Management, On-Demand Data Analytics, Biostatistics and Pharmacovigilance. Axiom’s eClinical Suite, Fusion, delivers a powerful range of innovative end-user focused, unified functionality and 15+ modules. Axiom serves as the Connected Hub for your entire clinical study data and operational needs. Fusion Delivers: EDC, DM, IWRS, CTMS, Inventory Management, ePRO, IVR, Patient Portal, AE/SAE Tracking, Safety Database, Central Lab, Imaging, eTMF, and 24/7 Project and Clinical Data Reporting. For more information, please visit https://www.axiommetrics.com/.

Contact


[email protected]
 
+1.877.321.9191

PR Contact

Sarah Glofcheskie
[email protected] 
+1.647.588.9073

MIAMI, Dec. 02, 2020 (GLOBE NEWSWIRE) — Attorneys with Wolfe Law Miami announced today that they have filed a claim in arbitration court against award-winning journalist Julie K. Brown, who exposed Jeffrey Epstein’s multiple crimes, including numerous sex offenses, through a series of investigative news reports first published in The Miami Herald in 2018. The lawsuit claims Brown worked jointly with Michael Fisten, a licensed private investigator who spent more than a decade investigating sex crimes and other criminal allegations brought against Epstein. Fisten claims Brown violated their collaborative agreement by not acknowledging his substantial contributions to her news reports and not sharing the proceeds from lucrative book and television deals.

“Brown holds her herself out to the public as the person who investigated and uncovered Epstein and his crimes, falsely taking public credit for Fisten’s 10 years of work,” said lawyer Richard C. Wolfe who represents Fisten. “She has received numerous awards, which she would have not received, but for the contributions of Fisten. Brown proclaims herself as the person who ‘brought down Jeffrey Epstein,’ which if called upon will be highly disputed by attorneys, investigators, and prosecutors who have and are still working this Epstein case.”

Wolfe added members of the press are invited to a media briefing with Fisten on Thursday, December 3 at 10:00 a.m. at Wolfe Law Miami, 175 SW 7th St., Penthouse 2410, Miami, FL 33130.

The lawsuit stated Fisten collected vast information about Epstein’s crimes and civil actions for attorney Brad Edwards who represented nearly 50 of Epstein’s victims. Attorneys disclosed Brown and Fisten entered into a collaboration agreement to share information for news coverage and to shop a book deal and share the proceeds.

The claim affirmed that between 2019 and 2020, Brown and Fisten exchanged information set forth in more than 800 text messages and 110 emails containing more than 50 documents (assembled by Fisten), which is directly used in the book. Fisten claims he provided Brown with 372 exhibits, 300 photographs, 162 pages of his notes, his 26-page book proposal, 41 pages of his personal notes, including his proprietary information about the sex slavery ring, Epstein’s probation violations, details about prominent celebrities, businessmen, political leaders, as well as other Epstein associates.

“Brown then negotiated to sell rights to the jointly created work to HBO,” Wolfe said. “Initially, she lied to Fisten claiming all of this money would be paid to her employer, The Miami Herald. Brown then admitted that she was licensing the rights to HBO for a filmed project based upon their book to be directed by Adam McKay. Brown advised Fisten that she also wanted him to benefit from the HBO project, but later lied to him claiming that her employer, The Miami Herald, sold the rights for the story to HBO, and she too was cut out of the deal. Later through sources, we learned that the HBO film is based on the book and that Julie [Brown] received an advance, which she did not share with Fisten along with a portion of an advance payment from Harper Collins.”

Wolfe said Fisten has asked the arbitration tribunal handing the case to award Fisten more than $750,000 in damages and grant injunctive relief in his favor to restrain and prevent any further infringement of Fisten’s property.

“Brown has caused and continues to cause irreparable injury to Fisten as result of her and her licensees’ copyright infringement upon his creations by not properly crediting him for his contributions as co-author of the work,” Wolfe said. “Such harm cannot be remedied by money damages alone. Brown will not be harmed by accurately acknowledging the Plaintiff as the co-author of the work. Thus, an immediate injunction should be issued because there is minimal harm to Brown, but the harm to Fisten is irreparable.”

About Wolfe Law Miami


Wolfe Law Miami is dedicated to serving the legal needs of our clients by delivering creative solutions for their greatest challenges. The firm understands the significance and urgency of each legal matter and treats each one with the utmost of importance. We represent clients in:

• Business Law
• Commercial and Civil Litigation
• Copyrights
• Entertainment Law
• Libel, Slander, Right to Privacy
• Probate and Trust Litigation
• Sports Law
• Trademark

For more information, please visit www.wolfelawmiami.com or call 1-800-WLM-1650.

A PDF accompanying this announcement is available at http://ml.globenewswire.com/Resource/Download/17151098-e1a2-4977-b51e-7b67b0666ac3

Ramsey, NJ, Dec. 02, 2020 (GLOBE NEWSWIRE) — Konica Minolta Business Solutions U.S.A., Inc. (Konica Minolta), along with its enterprise content management (ECM) division, Quality Associates, Inc. (QAI), today announced the launch of EDGE22. This latest addition to its ECM services encompasses assessments, program design, onsite or offsite conversion capabilities and turnkey records management services. EDGE22 helps federal agencies reduce the time and expense it takes to transition their processes and recordkeeping to a fully electronic environment, while adopting the right measures for full compliance.

The White House M–19–21 directive now encompasses all federal records, setting targets to require that by 2022, both permanent and temporary records will be created, retained and managed in electronic format. The mandate includes the following critical deadlines:

• By the end of 2019, federal agencies were required to manage all permanent electronic records in an electronic format, and by the end of 2022, all permanent records must also include appropriate metadata.
• By the end of 2022, federal agencies must also manage all temporary records in an electronic format or store them in commercial records storage facilities.
• After December 31, 2022, the National Archives and Records Administration (NARA) will no longer accept transfers of permanent or temporary records in analog formats, and will only accept records in electronic format and with appropriate metadata.
• Beginning in 2023, agencies will be required to digitize permanent records in analog formats before transfer to NARA.

“The EDGE22 launch is a result of continually listening to our customers and reviewing government mandates to provide services that keep up with the ever-changing needs of the federal government,” said Scott Swidersky, QAI President and Konica Minolta’s Vice President of ECM. “As a full-service solution, federal agencies can one, integrate compliance requirements and existing capabilities into a modern digital strategy, and two, understand the practical issues and pitfalls associated with information management change.”

Leveraging QAI’s unprecedented experience in the industry and understanding of M-19-21 requirements, EDGE22 incorporates two powerful features, including its four-factor strategic framework and three-phase methodology that provides:

Assistance for:

• Records program review and inspection
• Records management training for small agencies
• Streamlined records schedules

Digitization guidance to:

• Create standards for electronic records implementation
• Develop success criteria
• Define terms
• Obtain storage exceptions

Advocacy to:

• Foster collaborative environment
• Improve exposure to executive and senior staff
• Support agency-wide electronic records shared solutions
• Define funding strategies

Four-Factor Strategic Framework

EDGE22’s four-factor strategic framework sets the standard in high-performance quality by addressing the entire stakeholder community – recognizing the need to educate constituents, document findings, generate customized readiness plans and execute comprehensive compliance implementation plans.

Three-Phase Methodology

EDGE22’s three-phase methodology encompasses some of the industry’s most superior technical solutions, flawless implementation processes and economic value to help federal agencies accelerate speed to compliance – incorporating the following key features:

• Readiness Assessment (on-site or virtual)

QAI’s experts work collaboratively to perform a detailed business analysis that documents the current state of an agency’s temporary and permanent records collections while also identifying the desired future state for its records management operation.

• Pilot Program

Together, QAI and agency staff members translate business requirements into a technical requirements document to manage pilot program deployment. Adopting an agile approach throughout the testing process allows end-users to experience the entire solution and provide feedback for quality assurance validation before agency-wide deployment takes place.

• Conversion and Implementation Plans

Production processing and full solutioning commences after QAI and agency staff incorporate end-user feedback and recommendations while fully documenting all business and technical requirements.

For more information, visit QAI’s NARA M-19-2 Readiness Resource Center website.

About Konica Minolta

Konica Minolta Business Solutions U.S.A., Inc. is reshaping and revolutionizing the Workplace of the Future^™ with its expansive smart office product portfolio from IT Services (All Covered), ECM, Managed Print Services and industrial and commercial print solutions. Konica Minolta has been recognized as the #1 Brand for Customer Loyalty in the MFP Office Copier Market by Brand Keys for thirteen consecutive years, and is proud to be ranked on the Forbes 2017 America’s Best Employers list. The World Technology Awards recently named the company a finalist in the IT Software category. Konica Minolta, Inc. has been named to the Dow Jones Sustainability World Index for eight consecutive years and has spent three years on the Global 100 Most Sustainable Corporations in the World list. It partners with its clients to give shape to ideas and work to bring value to our society. For more information, please visit us online and follow Konica Minolta on Facebook, YouTube, Linked In and Twitter.

About Quality Associates, Inc.

Quality Associates, Inc. (QAI) sets the standard in service excellence with customized solutions that turn printed materials and electronic information into useful, organized data that can be readily located and accessed by authorized users. From scanning and imaging to complete, searchable systems that bring information directly to the desktop, QAI offers complete systems integration, support and post-deployment training to ensure success. Founded in 1986 and located near both Baltimore and Washington, D.C., QAI is recognized as one of the industry’s most trusted, experienced Value-Added Resellers (VARs) with an extensive electronic content management (ECM) supplier and partner network. QAI works with federal, state and local agencies; schools, colleges and universities; chemical and manufacturing companies; pharmaceutical, healthcare and medical research organizations; financial, accounting and law firms; professional associations; and many others. For more information, call (410) 884-9100, visit us online or socialize with us on LinkedIn and Twitter.

# # # # #

Attachment

• EDGE22logo

SAN FRANCISCO, Dec. 02, 2020 (GLOBE NEWSWIRE) — Today, education technology non-profit TalkingPoints announced that it has expanded reach more than 6x since March 2020, connecting more than 3 million teachers and families, and enabling 100 million conversations, in 100 languages. The organization also announced expanded and new partnerships with leading national funders including Google.org, Carnegie Corporation, Cisco, Overdeck Family Foundation and Schmidt Futures, among others, and several of the country’s largest school districts including Oakland Unified, Boston Public Schools, Pittsburgh Public Schools and North Carolina’s Wake County Public School System, among others.

Founded to help teachers connect with families–particularly those of under-resourced and non-English speaking backgrounds–TalkingPoints multilingual platform uses human and AI-powered, two-way translated communication to deliver information and personalized content, via web and mobile apps and through text messages. The platform also delivers scaffolded, guided content and eliminates language barriers, fostering strong collaboration to improve students’ academic success.

“By enabling teachers and families to build relationships across language, technological and cultural barriers through the TalkingPoints platform, we have made a measurable impact, empowering parents to be more involved in their children’s education, which in turn makes a positive impact on student outcomes,” said Heejae Lim, Founder of TalkingPoints.

“In a time when effective family-school partnerships are paramount to enable hybrid learning and to further mitigate learning loss, TalkingPoints is the missing layer between teacher and family communication for families who have traditionally faced barriers to being involved in their child’s education,” said Kumar Garg, Managing Director and Head of Partnerships, Schmidt Futures. “We are proud to support an organization that is taking a data-driven approach in responding to the impact of COVID-19 on students and building a strong foundation for future learning,” Garg added.

Research shows that when families have access to information and the tools to engage, it positively impacts their child’s education–from attendance to homework accountability, and many of the other services upon which they may rely. A recent survey found that in COVID-19 remote learning environments, 96% of teachers found TalkingPoints helpful in improving student behaviors, engagement, homework and attendance. TalkingPoints also increased family engagement for 100% of non-English speaking parents and 87% of all parents, resulting in an increase in school-related dialogues with kids.

About TalkingPoints

TalkingPoints is an education technology non-profit with a mission to drive student success by using accessible technology to unlock the potential of family engagement in children’s education. Our multilingual technology platform connects and empowers families and teachers by using human and AI-powered, two-way translated communication and personalized content. This unique approach eliminates barriers including language, time, mindsets, and capacity to foster strong family engagement in development of students’ academic success. To date, TalkingPoints has connected more than 3 million teachers and families and enabled 100 million conversations in 100 languages. For more information visit Talkingpts.org.

Facebook



Twitter



LinkedIn

Media Contact:

Liz Scanlon: [email protected]
510.295.7542

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/e8489637-460a-4f75-9b36-5964883903cc

https://www.globenewswire.com/NewsRoom/AttachmentNg/c46351ea-b31f-4dfa-bc58-dd84919a425b

VANCOUVER, British Columbia, Dec. 02, 2020 (GLOBE NEWSWIRE) — VanadiumCorp Resource Inc. (TSX VENTURE: “VRB”) (OTCBB:”APAFF”) (FRANKFURT:”NWN”) (the “Company”) is pleased to announce that the US Patent & Trademark Office (USPTO) has issued a notice of allowance for the US Patent Application invented by Dr. Francois Cardarelli referenced US 2020/0157696 A1 and entitled “Metallurgical and Chemical Process For Recovering Vanadium And Iron Values From Vanadiferous Titanomagnetite and Vanadiferous Feedstocks.”

Adriaan Bakker, VanadiumCorp’s Chief Executive Officer, commented, “Strengthening our Intellectual Property Portfolio “IP” is integral to our business strategy as we move forward with commercialization plans in 2021. Our wholly owned VanadiumCorp-Electrochem Process Technology (“VEPT”) represents green and efficient recovery of vanadium with all by-products which is the key to advancing vanadium redox flow batteries “VRFB, VRB”. This new patent will provide VanadiumCorp exclusivity in the USA for a period of twenty years from the filing date of the patent application. Patent issuance from USPTO is anticipated in Q1, 2021.”

Jurisdictions where patent protection for VEPT is filed and pending:

• European Union [EP 18757453.8]
• Canada [CA 3032329 A1]
• United States [US 2020/0157696 A1]
• Australia [AU 2018/225820]
• India [IN 2019/17004662]
• South Africa [ZA 2019/00743]

About VEPT

VEPT process and technology was invented by Dr. Francois Cardarelli in 2017 to address specific challenges and bottlenecks in the vanadium industry. VEPT was jointly owned and co-developed by Electrochem and VanadiumCorp over the past four years. VEPT was developed as a cost-effective, green and much higher yielding alternative to conventional pyro-metallurgical processes, for many new vanadium sources, such as calcine waste, steel slags and as a central process option of VanadiumCorp’s green development plan for its flagship Lac Dore Vanadium Project in Quebec, Canada. Electrochem’s in-house sulfation digestor built in February 2017, with a nameplate capacity up to 300 kg/month, facilitated subsequent trial production and successful testing of many global feedstocks provided by numerous global specialty steel, primary vanadium, hematite, and vanadiferous titano-magnetite “VTM” producers. The lower carbon footprint and maximum recovery of all metal values represent key advantages of VEPT over pollutive and limited recovery methods currently the mining industry. Metals recovered concurrently with VEPT include vanadium pentoxide, vanadyl sulfate, iron (II) sulfate heptahydrate (copperas), silica and titanium hydrolysate, which are all products with strong demand and market forecast.

A
bout VanadiumCorp

The Company is focused on the commercial development of its 100% owned VanadiumCorp-Electrochem Process Technology “VEPT”, a green and efficient chemical process invented by Dr. Francois Cardarelli, that addresses the recovery of vanadium, iron, titanium, and silica from feedstocks such as vanadiferous titano-magnetite, iron ores and other industrial by-products containing vanadium. VanadiumCorp’s mandate is to become a strategic supplier of renewable vanadium electrolyte for redox flow batteries and other high purity applications that benefit most from exclusively green and cost-effective vanadium. VanadiumCorp Resource Inc. plans to license VEPT globally and integrate VEPT into the development of the 100% owned Lac Doré vanadium-titanium-iron flagship project adjacent to Blackrock Metals Inc.’s property, which is currently permitted to build a mine and mill to produce a vanadium-rich magnetite concentrate product. VanadiumCorp provides investors with leverage to vanadium, titanium and iron in the mining-friendly and geopolitically stable jurisdiction of Québec, Canada. Green recovery technology, primary vanadium resource size, superior grades and well-developed infrastructure, puts VanadiumCorp in a valuable strategic position to take advantage of the strong vanadium market driven by supply shortages and growing demand from the Chinese steel industry, as well as the fast-emerging renewable use of vanadium in sustainable energy storage for residential to unlimited scale applications. Nearby infrastructure includes a 161kV Hydro Power at approximately $.02 kWh, CN Rail Line, available water, local airport, and a mining community of over 7,000 people in the city of Chibougamau.

On behalf of the board of VanadiumCorp:

Adriaan Bakker

President and Chief Executive Officer

For more information:

Adriaan Bakker,
President and CEO, VanadiumCorp Resource Inc. (TSX-V: “VRB”)
By phone: 604-385-4489
By email: [email protected]
Website: www.vanadiumcorp.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note – 

The information in this news release includes certain “forward-looking statements” All statements, other than statements of historical fact, included herein including, without limitation, plans for and intentions with respect to the company’s properties, statements regarding intentions with respect to obligations due for various projects, strategic alternatives, quantity of resources or reserves, timing of permitting, construction and production and other milestones, are forward-looking statements. Statements concerning Mineral Reserves and Mineral Resources are also forward-looking statements in that they reflect an assessment, based on certain assumptions, of the mineralization that would be encountered and mining results if the project were developed and mined in the manner described. Mineral resources that are not mineral reserves do not have demonstrated economic viability.
Forward-looking statements involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from VRB’s expectations include the uncertainties involving the need for additional financing to explore and develop properties and availability of financing in the debt and capital markets; uncertainties involved in the interpretation of drilling results and geological tests and the estimation of reserves and resources; the need for cooperation of government agencies and local groups in the exploration, and development of properties; and the need to obtain permits and governmental approval. VRB’s forward-looking statements reflect the beliefs,
opinions
and projections of management on the date the statements are made. VRB assumes no obligation to update the
forward looking
statements if management’s beliefs, opinions, projections,
or other factors should they change.

• Newsweek’s f
  inal list recognizes top 400 most responsible companies in the United States across 14 different industry subcategories.

• Achievement
  reflects
  Harsco
  ’s
  commitment to becoming a leader on
  environmental, social and governance
  (ESG)
  issues as it
  transforms into a global, market-leading
  environmental solutions
  Company
  .
  

CAMP HILL, Pa., Dec. 02, 2020 (GLOBE NEWSWIRE) — Harsco Corporation (NYSE: HSC), a global market leader providing environmental solutions for industrial and specialty waste streams, announces today that it has been named to Newsweek’s 2021 list of America’s Most Responsible Companies. Out of the 400 companies included, Harsco ranked #12 in the professional services category and #16 overall for its corporate governance score. It is the first time the Company has been recognized on such a prestigious list.

Newsweek’s list recognizes top performing companies that are giving back to the communities they operate in. While the world has continuously changed this past year, Harsco has remained steadfast in its mission to provide essential services and safety measures for its customers and employees while striving to achieve our sustainability goals. The Newsweek achievement reinforces Harsco’s commitment to be an excellent corporate citizen, as the Company has long been an advocate for sustainability through innovative solutions.

“We are pleased with being named on Newsweek’s list, as it is a reflection of the strategy we’ve put forth to transform into a global, market-leading environmental solutions company,” said Chairman and CEO Nick Grasberger. “We believe there is room in this industry to become a best-in-class leader in ESG. Even more so over time, I envision us providing a different and greater value proposition to our customers by continuing to sharpen our operational focus so that we can best serve our people and planet. It’s a privilege to be considered a leading company when it comes to corporate citizenship and governance.”

Harsco’s approach to a comprehensive sustainability strategy is guided by the Company’s focus on urgent societal needs and providing environmental solutions for specialty and industrial waste streams. Future plans include the continuation of advancing sustainability and becoming an even more purpose-driven company.

Companies outlined in this list were selected from a pool of 2,000 based on publicly available key performance indicators derived from CSR Reports, Sustainability Reports and Corporate Citizenship Reports, in addition to an independent survey of 7,500 U.S. residents.

To view the full list of responsible companies, visit Newsweek’s site. To learn more about Harsco’s market-leading sustainability solutions, visit www.harsco.com/sustainability.

About Harsco Corporation

Harsco Corporation is a global, market leader providing environmental solutions for industrial and specialty waste streams, and innovative technologies for the rail industry. Based in Camp Hill, PA, the 13,000-employee company operates in more than 30 countries.  Harsco’s common stock is a component of the S&P SmallCap 600 Index and the Russell 2000 Index. Additional information can be found at www.harsco.com.

SURREY, British Columbia, Dec. 02, 2020 (GLOBE NEWSWIRE) — For the fifth consecutive month, demand for real estate in the Fraser Valley showed no signs of waning. Overall property sales for the month of November again set a new Board record. Sales records were also broken in September and October; and since July, all activity including new listings, has continued to be inordinately high.

The Fraser Valley Real Estate Board processed 2,173 sales of all property types on its Multiple Listing Service® (MLS®) in November, an increase of 54.7 per cent compared to the 1,405 sales in November of last year, and an 8.3 per cent decrease month-over-month compared to the 2,370 sales in October.

The Board received 2,217 new listings in November, a 28.0 per cent decrease compared to October’s intake and an 18.1 per cent decrease compared to the 1,877 new listings received during the same month last year. For November, it was the second highest volume of new inventory in the last decade.

Chris Shields, President of the Board, observes, “We’re running out of superlatives. We expected November activity to moderate due to the season, but the desire for family-sized homes and their benefits continues to dominate. Since the summer, we’ve seen the strongest demand in our Board’s 99-year history specifically for single-family detached and townhomes.

“For example, in Cloverdale, demand for detached homes exceeded supply; and in four of our communities the sales-to-actives ratio for townhomes was 50 per cent or more. Meaning, for every 100 active listings, 50 were selling.”

November finished with 5,847 active listings, a decrease of 14.9 per cent compared to October and a decrease of 13.2 per cent year-over-year. November’s total inventory was the fourth lowest for the month in the last decade.

Baldev Gill, Chief Executive Officer of the Board, adds, “It’s impressive how consumers – in very high numbers, the highest ever – have adapted to the shifting realities and appreciate our industry’s adherence to strict safety measures. REALTORS® are working very hard currently serving their buyers and sellers using technology and innovation and the numbers clearly show that it’s working.”

For the Fraser Valley region, the average number of days to sell an apartment in October was 34 days, and 25 days for townhomes. Single family detached homes remained on market for an average of 32 days before selling.

MLS®
HPI Benchmark Price Activity

• Single Family Detached: At $1,061,500 the Benchmark price for a single–family detached home in the Fraser Valley increased 1.4 per cent compared to October and, increased 11.5 per cent compared to November 2019.
• Townhomes: At $570,100, the Benchmark price for a townhome in the Fraser Valley increased 0.2 per cent compared to October and increased 5.8 per cent compared to November 2019.
• Apartments: At $435,900, the Benchmark price for apartments/condos in the Fraser Valley increased by 0.3 per cent compared to October and increased 4.6 per cent compared to November 2019.

The Fraser Valley Real Estate Board is an association of 3,
7
68
real es
tate professionals who live and
work in the BC communities of North Delta, Surrey, White Rock, Langley, Abbotsford, and Mission. The FVREB will mark its 100-year anniversary in 2021.

Images accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/422d558d-791b-4ee4-9d01-e3e46f093855

https://www.globenewswire.com/NewsRoom/AttachmentNg/784a9dd4-acc7-4b86-a0da-3c04eeaa0ff9