Signs of stability in Fraser Valley housing market
Signs of stability in Fraser Valley housing market The Fraser Valley Real Estate Board recorded 938 transactions on its Multiple Listing Service® (MLS®) in January, a 12 per cent increase over December and below the 10-year average for sales in the region. At 2,368, new listings increased 151 per cent in January, rebounding strongly […]
Invest Strategically in Real Estate
Central Surrey Investment Property Profile In the midst of recent challenges in the real estate market, Central Surrey emerges as a beacon of opportunity. Despite the turbulence of the past year, characterized by high rates, decreased sales, and declining prices, Central Surrey remains amidst an inventory shortage scenario. The city’s trajectory indicates promising growth, with […]
Spring sales hold steady in Fraser Valley real estate market
Spring sales hold steady in Fraser Valley real estate market SURREY, BC – Despite persistent inventory shortfalls, housing sales in the Fraser Valley remained steady in April as buyers took advantage of the continued pause in interest rate hikes. In April, the Fraser Valley Real Estate Board (FVREB) processed 1,554 sales on its Multiple […]
Real Estate Team Rule Changes
Real Estate Team Rule Changes Nowadays, many realtors are working in groups and identifying themselves as teams. These teams are subject to various rules designed to protect your interests. As of April 1, 2023, the rules governing real estate teams in BC will change to allow for more transparency for the consumer. Here is what […]
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 […]
