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 […]
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 […]
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 […]
