February 6, 2023 – Monday Morning Update from Liz Penner, your Langley Realtor

Industry Update from Liz Penner, your Top Selling Langley Realtor

Industry Update from Liz Penner, your 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 by fraudsters holding fake ID’s. While the issue is prevalent in Toronto, it hasn’t surged in BC in the same way. To date, 2 homes in Richmond have been sold by fraudsters since 2019. The perpetrators get fake ID and sell the property while the owners were abroad.

Strata Property Act Changes

Minimum CRF Contributions requirements have doubled, increasing from 5% of operating costs to 10% to of operating costs. For many, this will mean an increase in strata fees.

Changes for Form B

As of April 1st:

1 – Insurance coverage is now included as part of the Form B as a required attachment.

2 – The Form B will no longer disclose how many rentals there are in the development.angley Realtor, Langley Real Estate, Langley Commercial Realtor

Looking to create your investment strategy? I can help with that.

🧐 If you are looking to buy or sell, I can help. Get in touch today!
🧐 Looking for a one-of-a-kind place to call home?
🤩 Want reasonable terms on your purchase agreement?
😍 Want expert guidance on the home purchase process?

Get in touch today and let me help you find just the right place.
Click on the link  or  me at 604-376-3350 to get the process started.

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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 and Surrey areas to sell real estate while looking out for the client’s best interests. Liz also helps first-time homebuyers, families, and repeat purchasers with their property search process, ensuring that her clients get access to the very best homes on the market while receiving excellent service ensuring that they find the perfect place to call home.

Liz holds a BBA in leadership and has completed a variety of specific training through the Fraser Valley Real Estate Board in the areas of selling strata properties, foreclosures, estate sales, and new construction properties. Liz is also well versed in POAs, the Strata Property Act, and more.

If you are looking for a knowledgeable and professional real estate agent that is willing to do everything possible to ensure that you get top dollar for the sale of your home or to find the dream home you are looking for in the Surrey and Langley, BC areas then get in contact today.


  • I’ve helped sell over 400 properties throughout the Langley and Cloverdale area, and I’d love the opportunity to do the same for you.
  • I’ve experienced straightforward sales and sales that have gone off the rails, back on the rails, off the rails, and then back on again. That’s just the way the real estate train rolls, and it never rattles me.
  • I’ve got a solid toolkit to pull from when a problem arises. I take my job seriously each time, and I will make sure you get top dollar for your Fraser Valley, Langley, or Cloverdale home, smooth sailing, or otherwise.