Area Real Estate News & Market Trends

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

April 10, 2017

KNOWING WHEN TO BUY

For many, home ownership is considered to be a rite of passage. Whether it’s a house or a condo, people of all stages of life want to own their own home. Currently, 2 out of every 3 Canadian households own the home they live in and real estate is still considered to be one of the best long-term investments to have in your portfolio.

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Posted in Market Updates
April 6, 2017

Attached home sales thrive as overall inventory remains scarce

SURREY, BC – Propelled by significant activity in attached categories, March housing sales in the Fraser Valley reached their second highest point for the month in ten years, trailing only last year’s extraordinary market levels.

The Fraser Valley Real Estate Board processed 2,213 sales of all property types on its Multiple Listing Service® (MLS®) in March, a decrease of 26.4 per cent compared to the 3,006 sales in March of last year, and a 58.5 per cent increase compared to the 1,396 sales in February 2017.

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Posted in Market Updates
April 6, 2017

Demand for homes continues to outpace supply in Metro Vancouver

A shortage of residential property listings coupled with strong demand, particularly for condos and townhomes, continued to impact Metro Vancouver’s housing market in March.

Residential property sales in the region totalled 3,579 in March 2017, a decrease of 30.8 per cent from the 5,173 sales recorded in record-breaking March 2016 and an increase of 47.6 per cent compared to February 2017 when 2,425 homes sold.

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Posted in Market Updates
April 3, 2017

10 TIPS FOR DOWNSIZING

Cut out the unnecessary before you move to a smaller home.

Whether you’re an empty nester moving from a house into a condo, or a renter trading in a two-bedroom for a studio, you’ll have to say sayonara to some of your stuff. Stressed out by the prospect? Don’t be. Sarah Moyse and Jennie Davidson, Toronto-based moving planners and owners of Wren Designs, offer 10 tips designed to make downsizing a snap!

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Posted in Market Updates
March 27, 2017

THE BEST ASKING PRICE FOR YOUR HOME

Setting a realistic price for your home that reflects current market values will help sell your home quickly and for top dollar. When you price your home properly, you increase the chances that the offer you receive will nearly match your asking price, and that there will be competing offers—which may net you even more in the long run.

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Posted in Market Updates
March 20, 2017

Understanding the New Home Warranty

If you’re in the market for a new home or recently purchased one in British Columbia, you’ve likely heard about new home warranty insurance — also called the 2-5-10 warranty, third-party warranty or mandatory warranty.

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Posted in Market Updates
March 18, 2017

Low Supply Continues To Limit Metro Vancouver Home Buyers

Reluctance amongst Metro Vancouver* home sellers is impacting sale and price activity throughout the region’s housing market.

Residential home sales in the region totalled 2,425 in February 2017. This is a 41.9 per cent decrease from the record 4,172 homes sold in February 2016 and an increase of 59.2 per cent compared to January 2017 when 1,523 homes sold.

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Posted in Market Updates
March 7, 2017

8 Mistakes to Avoid When Buying A Home

You’ve been saving for awhile, weighing your options, looking around casually. Now you’ve finally decided to do it—you’re ready to buy a house. The process of buying a new home can be incredibly exciting, yet stressful, all at once. Where do you start?

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Posted in Market Updates
Oct. 30, 2016

Listing Your Home for Sale

Do you know how many home buyers use the Internet to find a home? You should if you want to sell your home in a reasonable amount of time. The answer is 71 percent.

Internet Revolution!

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Posted in Market Updates