Walnut Grove Townhome Market Update 2023 – Hope is on the Horizon
Walnut Grove Townhome Market Update Hope is here for Walnut Grove Townhome Owners! The Walnut Grove townhome market is quite active right now. I just finished hosting two open houses at my listing at 9012 Walnut Grove Drive, and I was impressed by the traffic and response. People are back out, and they […]
Housing Market and Interest Rates
Housing Market and Interest Rates Interest rates hit housing prices quickly. Every part of BC saw price declines, with the more expensive areas getting hit harder. Sales across BC were down, with the lowest sales in about a decade. Home prices across BC saw home prices run up about 60-80% during the pandemic. This was […]
Economic Forecast 2023
Economic Forecast 2023 I had the pleasure of attending a BCREA presentation on the real estate market forecast for BC in 2023. Here’s what they had to say. Unemployment in Canada is at a record low, and economic data is strong. We see no signs of a recession coming yet, but we may see […]
Federal Underused Housing Tax
Federal Underused Housing Tax We recently saw a bad on foreign ownership that took effect on January 1st of this year. The government of Canada hasn’t stopped there. As of January 1st, 2023, they are also implementing an underused housing tax that mostly applies to non-resident and non-Canadian owners. As of January 1st, […]
Central Surrey is the best place to invest in real estate in 2023
Central Surrey is the best place to invest in real estate in Canada
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 […]
2022 Top Selling Langley Realtor
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 […]
2023 Investment and Commercial Real Estate Market Update
Investment Property and Commercial Real Estate Update for Greater Vancouver and Fraser Valley areas including Langley and Surrey. Commercial Property Update For the Fraser Valley 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 […]
Fraser Valley Condo sale prices declined by 18.55% from the peak of the market
Fraser Valley condo sales prices have declined by 18.55% in value from the peak of the market in February 2022. 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 of $591 per square foot. The […]
New Foreign Home Buyers Ban implemented on January 1st. What you need to know when buying Langley Real Estate
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 […]
