Industry Update from Liz Penner, your Top Selling Langley Realtor Good morning from Langley, BC. Below is a brief rundown of market updates for Monday February 6th, 2023 BC Speculation and vacancy tax declarations are open and due by March 31st. Title fraud Title fraud has been surging in Toronto with almost 30 homes sold…
Why you should consider a coach home in Clayton Heights for your next investment property purchase With 2 legal suites and often 1 more illegal suite, coach homes make an attractive addition to an investor’s portfolio as an investment property. Coach homes in Clayton Heights are particularly attractive as the area is on the future…
2022 Royal LePage Award Winner – Liz Penner, Top Selling Langley Realtor 2022 was a wild year for me, which is why I was honoured to receive an email notifying me that I qualified for Royal LePage’s sales achievement award, ranking me in the top 25% agents in Canada (in terms of sales dollars). While…
Investment Property and Commercial Real Estate Update for Greater Vancouver and Fraser Valley areas including Langley and Surrey. Residential Property Market Update for the Fraser Valley It’s no secret that property values and sales activity are down in the Fraser Valley residential market. Housing price trends continue to move downward with the average price…
Fraser Valley condo sales prices have declined by 18.55% in value from the peak of the market in February 2022. Fraser Valley Condos for sale Currently Fraser Valley condos are selling for an average of 94.9% of list price, on the market for average of 33 days on market and selling for an average…
On January 1, 2023, a foreign buyer ban was implemented, banning non-Canadians from purchasing a home in Canada for the next two years. This ban applies to properties across Canada, including Langley Real Estate. Check out my previous Blog Post on the Foreign buyer’s ban This legislation is brand new and has not been put…
Market Forecast for Greater Vancouver Royal LePage just released its quarterly market forecast for Canada. The report was issued in a flipbook format, with deliciously satisfying paper rustling noises when you turn the pages. Check out the link below to read the report on the Royal LePage market forecast. https://ebook.royallepagecorporate.ca/link/618324/ Just in case you were…
I heart realtors Did you know that most of my friends are realtors? It’s been that way since I was licensed in 2006. All of the sudden realtors are everywhere in my life, at work, at my baby showers, talking to me during long drives on a bad day. They are in my life with…
Strata Property Act Changes that affect Langley and Surrey Condo owners On November 2, 2022, the BC Government ended rental and age restrictions for strata properties. Currently, all strata-held properties with age restrictions and/or rental restrictions must remove those restrictions from the bylaws as they can no longer be enforced. Age Restrictions Communities are still…
Is this ban a good thing for buying Fraser Valley Real Estate? Some say no. Throughout the years Canada has become increasingly unwelcoming to foreign investment. As home prices rose, negative sentiment ensued, starting in 2016 with a foreign buyers tax of 15% and increasing to 20% in 2018. Now Canada is introducing a national…
If you live or own property somewhere between Whistler to Hope in BC, then the changes to the rules of cooperation affect you. Real Estate For Sale BC is home to over 25,000 licensed realtor members of the 8 Real Estate Boards operating in the province. One of the primary marketing tools used by agents…
Seven changes coming soon to the real estate rules in BC If you live in BC or are invested in BC real estate, you’ve had a front seat to the unfolding of the drama that is BC’s ever-changing and currently unstable housing market. The BC and Fraser Valley markets went almost wholly unchecked throughout the…
Director’s Platinum Award 2021 | Liz Penner
Homebuyer Protection | Liz Penner
No market correction on horizon; prices and sales to stabilize in 2022
The Anticipated Surrey-Langley SkyTrain
Liz Penner Realtor About Liz Penner | Your Best Langley Real Estate Agent Liz Penner is a top-selling licensed real estate salesperson with the Fraser Valley Real Estate Board and has been a top-selling realtor specializing in the residential resale of condos, townhomes, and houses for over a decade. Liz assists residents of the Langley…
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