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 […]
Welcome 2023! Happy New Year from your, Liz Penner Langley Realtor
Welcome 2023! 2022 has been a wild ride. Personally, it’s been a challenging year as I’ve dealt with recovering from surgery, experiencing a flood, and navigating a move on a moment’s notice. Professionally it’s been productive as I’ve upgraded my training to include commercial property sales, completed my managing broker’s license, and graduated from […]
Royal LePage Market Forecast
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 work well with realtors!
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 […]
Langley and Surrey Condo Owners Need to know about BC Strata Property Act Actionable Changes.
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 […]
Buying Fraser Valley Real Estate? Beware of the Foreign-Home Buyers Ban Coming into Effect on January 1st, 2023.
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 […]
Beware of Changes – BC to Introduce 9 Changes to the Real Estate Rules
Seven changes coming soon to the real estate rules in BC Real Estate Rule Changes 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 […]
