REALSEARCH® : BLOG NEWSREAL | REAL ESTATE NEWS : Latest Blog Posts

New property listed in East Newton, Surrey

Fri, 01 May 2026 09:06:32 GMT

I have listed a new property at 249 13888 70 Avenue in Surrey. See details here

Welcome to Chelsea Gardens | A gated 55+ resort-style community offering comfort, security, and vibrant living. This rare Ascot end-unit rancher offers over 1,550 sq ft of bright, stair-free space with a double side-by-side garage. The functional layout features two spacious bedrooms and two full baths, including a generous primary suite with walk-in closet and ensuite with soaker tub and separate shower. Enjoy formal living and dining areas overlooking a private, south-facing yard—perfect for relaxing or entertaining. Radiant in-floor heating and on-demand hot water ensure year-round comfort. Amenities include an outdoor pool, hot tub, fitness centre, clubhouse with pub, guest suites, workshop, RV parking, and a lively social calendar. Centrally located near shopping and services.

New property listed in East Newton, Surrey

Wed, 15 Apr 2026 19:25:00 GMT

WELCOME TO CHELSEA GARDENS | 2 BED 2 BATH GROUND FLOOR END UNIT WITH DOUBLE GARAGE - RARE ASCOT PLAN

New property listed in Langley City, Langley

Thu, 12 Mar 2026 09:07:25 GMT

I have listed a new property at 4851 208a Street in Langley. See details here

2 Storey home nestled in highly desirable Newlands neighborhood—New skylights enhance the natural light in this bright & spacious home. Living & dining area feature vaulted ceilings & classic wood-burning FP while family room has a cozy gas FP. Beautifully renovated kitchen w/ quartz countertops, large island, newer appliances & modern pot lighting. Upstairs floor plan offers 3 beds & 3 baths with versatile games room that can easily serve as home office, business space or yoga studio. Step outside to enjoy the Trex deck designed for low-maintenance outdoor living complete with pergola. Fully fenced private yard offers a peaceful retreat & plenty of space. Close to Al Anderson Pool, Dinosaur Park, Dog Park, Music School, Blacklock Fine Arts, City Park & Newlands Golf Course & Banquet Ctr.

New property listed in Langley City, Langley

Sat, 07 Mar 2026 09:07:00 GMT

I have listed a new property at 4851 208A Avenue in Langley. See details here

New property listed in Whalley, North Surrey

Fri, 30 Jan 2026 09:06:26 GMT

I have listed a new property at 1603 10777 University Drive in Surrey. See details here

Discover the perfect blend of style, comfort & convenience @ CITYPOINT, a concrete highrise ideally located just steps from Gateway Station. Bright 1Bed+Den w/floor-to-ceiling windows, new flooring, open layout & SE corner exposure w/city & park views. Modern kitchen features stainless steel appliances & sleek countertops. Den is perfect for a home office or guest space & private south facing deck invites you to enjoy your morning coffee. Resort-style amenities include a fitness ctr, clubhouse, billiards/media room & landscaped private courtyard. SFU, KPU, shopping, restaurants, City Hall, library, & recreation all within walking distance & Vancouver is just a quick SkyTrain ride away urban living at its best. 1 Cat - No Dogs. In-suite laundry, secured parking, bike storage & locker

New property listed in Whalley, North Surrey

Fri, 26 Sep 2025 09:03:03 GMT

I have listed a new property at 1603 10777 University Drive in Surrey. See details here

Discover the perfect blend of style, comfort & convenience at CITYPOINT, a concrete high-rise ideally located just steps from Gateway Station. Bright 1 Bed + Den w/ floor-to-ceiling windows, open layout & SE corner exposure w/ city & park views. Modern kitchen features stainless steel appliances & sleek countertops. Den is perfect for a home office or guest space & private south facing deck invites you to enjoy your morning coffee. Resort-style amenities include a fitness ctr, clubhouse, billiards/media room & landscaped private courtyard. SFU, KPU, shopping, restaurants, City Hall, library, & recreation all within walking distance & Vancouver is just a quick SkyTrain ride away, this is urban living at its best. In-suite laundry, secured parking, bike storage & locker. Call to view!

New property listed in Whalley, North Surrey

Tue, 23 Sep 2025 09:03:45 GMT

I have listed a new property at 1603 10777 University Drive in Surrey. See details here

Discover the perfect blend of style, comfort, and convenience at CityPoint, a concrete high-rise ideally located in the heart of Central City—just steps from Gateway Station. This bright 1 bed + den home boasts floor-to-ceiling windows, a smart open layout, & SE corner exposure with unobstructed city & park views. The modern kitchen features stainless steel appliances & sleek countertops. The versatile den is perfect for a home office or guest space while the private south facing deck invites you to enjoy your morning coffee with the sunrise. Residents enjoy resort-style amenities, including a fitness ctr, clubhouse, billiards/media room, bike storage, & a beautifully landscaped private courtyard. With SFU, KPU, shopping, restaurants, City Hall, library, & recreation all within walking distance, & downtown Vancouver just a quick SkyTrain ride away, this is urban living at its best. Complete with in-suite laundry, secured parking & storage, this home is an ideal choice for first-time buyers or savvy investors. Pics for illustration purposes only.

New property listed in Abbotsford West, Abbotsford

Thu, 28 Aug 2025 09:02:42 GMT

I have listed a new property at 9 31491 Spur Avenue in Abbotsford. See details here

Beautiful home nestled at the end of a private cul-de-sac in a sought-after neighborhood. Bright & spacious open-concept featuring A/C for year-round comfort. Chef inspired kitchen featuring a large island with a built-in Thermador oven, gas range, & walk-in pantry. Master suite with WI closet & a loft-style flex space, skylights, & stunning view of Mt. Baker. French doors lead to an expansive, glass-covered deck—perfect for year-round entertaining. Landscaped backyard is a private oasis w/ handcrafted rock staircase & heated 24' saltwater pool. Bright above-ground 2 BDRM legal suite w/ separate entry, laundry, gas FB & plenty of storage. Large garage equipped w/ 220V power, 94” high door. Quick access to Hwy 1. An exceptional home that offers luxury, privacy & functionality.

New property listed in Abbotsford West, Abbotsford

Thu, 26 Jun 2025 09:02:21 GMT

I have listed a new property at 9 31491 Spur Avenue in Abbotsford. See details here

6 BED +LOFT | Beautiful home nestled at the end of a private cul-de-sac in a sought-after neighborhood. Bright & spacious open-concept featuring A/C for year-round comfort. Chef inspired kitchen featuring a large island with a built-in Thermador oven, gas range, & walk-in pantry. Master suite with WI closet & a loft-style flex space, skylights, & stunning view of Mt. Baker. French doors lead to an expansive, glass-covered deck—perfect for year-round entertaining. Landscaped backyard is a private oasis w/ handcrafted rock staircase & heated 24' saltwater pool. Bright above-ground 2 BDRM legal suite w/ separate entry, laundry, gas FB & plenty of storage. Large garage equipped w/ 220V power, 94” high door. Quick access to Hwy 1. An exceptional home that offers luxury, privacy & functionality.

New property listed in Langley City, Langley

Thu, 10 Apr 2025 09:02:12 GMT

I have listed a new property at 20580 48 Avenue in Langley. See details here

3 BED 3 BATH Basement Home On 1/3 Acre. Bright & spacious w/ vaulted ceilings, expansive windows, floor to ceiling slate FP & open-concept living space. Chef inspired kitchen w/gas cooktop, double built-in ovens, BI microwave, soft close cabinetry & sprawling quartz island. French doors to your expansive back deck, an entertainer’s paradise where you can host gatherings or unwind in serene privacy of your south-facing yard. Lower level offers studio suite potential with a separate entrance, living area w/ built-in projector & screen. Additional features include new furnace, heat pump with AC for year-round comfort & tankless hot water system.Prime location near Nicomekl walking trails, Dinosaur Park, Al Anderson Pool, RG Music School, Blacklock Fine Arts Elem & HD Stafford Middle School.

New property listed in Willoughby Heights, Langley

Fri, 28 Mar 2025 09:01:57 GMT

I have listed a new property at 6931 198B ST in Langley. See details here

WELCOME TO PROVIDENCE BY MORNINGSTAR HOMES | 6 BED +DEN | 2 BED LEGAL SUITE Designed for both luxury & livability, the breathtaking great room has a soaring 18 ft ceiling, punctuated by seven vertical skylights that flood the space with natural light creating an ethereal ambiance. Kitchen boasts a custom island with Corian countertops complimented by sleek wood laminate flooring. Adjacent dining room is a perfect space for family gatherings & entertaining. Private den overlooking the front yard, 2 pc powder room & laundry room off garage for convenience. Upstairs the master suite is a sanctuary of peace, complete with charming built-in window seat, vaulted ceiling, 5 piece ensuite & spacious WI closet - 3 add’l bedrooms & 4 pce bath. Lower level features bright suite w/ ample natural light, thoughtful layout & separate laundry. Nestled in a prime location just a short stroll from the breathtaking Routley Park & only minutes from Costco, Home Depot & Willowbrook Mall, allows you to enjoy convenience and nature

New property listed in Abbotsford West, Abbotsford

Sat, 22 Feb 2025 09:00:43 GMT

I have listed a new property at 9 31491 SPUR AVE in Abbotsford. See details here

Discover unparalleled elegance in this beautiful home, available for the first time on the market. Nestled at the end of a private cul-de-sac in a sought-after neighborhood, this home offers an extraordinary blend of sophistication & comfort. Bright & spacious open-concept featuring central A/C for year-round comfort. Chef inspired kitchen featuring a large island with a built-in Thermador oven, gas range, & walk-in pantry. Master suite with WI closet & a loft-style flex space, skylights, & stunning view of Mt. Baker. French doors lead seamlessly to an expansive, glass-covered deck—perfect for year-round entertaining. Landscaped backyard is a private oasis w/ handcrafted rock staircase, detached climate-controlled office & heated 24-ft diameter saltwater pool. Bright above-ground 2 BDRM legal suite w/ separate entry, laundry, gas FB & plenty of storage. Extra deep garage equipped w/ 220V power, 94” high door. Quick access to Hwy 1. An exceptional home that offers luxury, privacy & functionality.

New property listed in Langley City, Langley

Fri, 21 Feb 2025 09:00:43 GMT

I have listed a new property at 20580 48 AVE in Langley. See details here

WELCOME TO CITY PARK | 3 BED 3 BATH Basement Home On 1/3 Acre. Bright & spacious featuring vaulted ceilings, expansive windows, floor to ceiling slate fireplace & open-concept living space illuminated by energy-efficient designer lighting. Thoughtfully designed chef inspired kitchen w/ gas cooktop, double built-in ovens, built-in microwave, complimented by sleek cabinetry & a sprawling quartz island. Seamlessly transition through French doors to your expansive back deck, an entertainer’s paradise where you can host gatherings, unwind in serene privacy, or watch your children play in the fully fenced south-facing yard. The lower level offers bachelor suite potential with a separate entrance, a stylish living area with a built-in projector & screen. Additional features include new furnace, heat pump with AC for year-round comfort & tankless hot water system. Prime location near Nicomekl walking trails, Dinosaur Park, Al Anderson Pool, RG Music School, Blacklock Fine Arts Elem & HD Stafford Middle School.

New property listed in Abbotsford West, Abbotsford

Tue, 18 Feb 2025 09:00:43 GMT

I have listed a new property at 9 31491 Spur AVE in Abbotsford. See details here

LAUNCHING SOON | 7 BEDROOM 4 BATHROOM BASEMENT ENTRY HOME WITH LOFT Quality Craftmanship Throughout, Bright & Spacious with open lay out. Suite Potential / Private Entrance. Beautifully landscaped yard with outdoor pool and outdoor studio office. First time on the market, be sure to view. More details to follow

MARKET UPDATE JANUARY 2025 | DECEMBER STATS

Fri, 17 Jan 2025 01:55:00 GMT

Real Estate Market Update For Greater Vancouver & The Fraser Valley

New property listed in Abbotsford East, Abbotsford

Sat, 04 Jan 2025 09:00:43 GMT

36305 ATWOOD CRES in Abbotsford. See details here

WELCOME TO AUGUSTON | 3 Bed 4 Bath 2 Storey w/ Basement home. Bright & Spacious open concept perfect for entertaining. Awesome kitchen with quartz counters, glass backsplash, Oversize farmhouse sink, high-end S/S appliances including gas range. Feature floor to ceiling Marble tiled contemporary gas F/P. King size Master Bedroom with walk in closet & 3 piece ensuite. Basement is ideal for entertaining and has a built in wet bar with separate dishwasher. New HE furnace Feb 2022. Private fenced backyard with large patio, great for BBQ's and sitting around the fire. Detached 2 car garage. Best street in Auguston located across from the greenbelt and Clayburn Creek walking trails & walking distance to Auguston Traditional Elementary. Call to view today!

MARKET UPDATE DECEMBER 2024 | NOVEMBER STATS

Mon, 16 Dec 2024 05:00:00 GMT

METRO VANCOUVER & THE FRASER VALLEY

Following a healthy boost in sales in October, Fraser Valley home sales dropped in November as slower seasonal buying trends set in amid balanced market conditions. The Fraser Valley Real Estate Board recorded 1,136 sales in November, down 15 per cent from October, but 28 per cent above November 2023 sales. The Market was balanced (12 – 20% Sales Ratio) in all 3 categories. “Overall momentum is trending upwards, the bottom, in terms of pricing, is behind us” - Rick the REALTOR

MARKET UPDATE NOVEMBER 2024 | OCTOBER STATS METRO VANCOUVER & THE FRASER VALLEY

Wed, 20 Nov 2024 00:52:00 GMT

Home sales in the Fraser Valley increased for the first time in five months following a sizable interest rate cut by the Bank of Canada in October. The Fraser Valley Real Estate Board recorded 1,330 sales in October, up 35 per cent from September, and 37 per cent year-over-year. After waiting it out on the sidelines for a number of months, buyers seem to be finally responding to the series of successive rate cuts by the Bank of Canada. Bottom Line: We think the increased Sales Activity is a turning point for the Real Estate Market. Interest rates continue to play a key role and we think there is still more rate cuts coming in December & January which will stimulate the market even more. While we don't anticipate huge price increases.... it looks like the bottom is behind us!

TAKE ADVANTAGE OF THE FIRST HOME SAVINGS ACCOUNT

First Home Savings Account allows you to make tax-deductible contributions of up to $8,000 per year, up to a lifetime maximum of $40,000. Your contribution room starts to accumulate as soon as you open your first account. You can carry forward your unused FHSA contribution room, up to a max of $8,000, to use in the following year. OPEN YOUR ACCOUNT TODAY! EXPERT TIP: Move funds from an RRSP to a First Home Savings Account (FHSA) on Subject Removal. The advantage is it allows you to make tax-free withdrawals for a qualifying home purchase. We can put you in touch With a Rockstar Mortgage Specialist for more information.

YES! A person who has been divorced can be considered a first-time home buyer in British Columbia and access programs like the Home Buyers' Plan

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MARKET UPDATE OCTOBER 2024 | SEPTEMBER STATS

Wed, 16 Oct 2024 04:32:00 GMT

Real Estate Market Update For Greater Vancouver & The Fraser Valley

New property listed in Central Pt Coquitlam, Port Coquitlam

Fri, 20 Sep 2024 09:01:31 GMT

I have listed a new property at 1106 2180 KELLY AVE in Port Coquitlam. See details here

WELCOME TO MONTROSE SQUARE | 1 BED PLUS DEN CORNER UNIT WITH AC Bright unit with open layout. Modern finishes include black stainless appliances, ceiling height cabinetry and quartz counters with overhang seating for 4. Convenient patio area off living room. Inside amenities include play center for the kids & exercise room. Well appointed Clubhouse lounge with kitchen next to 2 Tranquil courtyards with fountains & ponds create a great space to relax & enjoy outside or connect with others. 1 parking stall & 1 storage locker. Steps away to the pedestrian plaza with coffee shops, Sushi Bar, retail shops and more. Across from POCO Community Centre and walkable to West Coast Express, shopping and transit. Best Value In POCO - Book your showing today!

New property listed in Central Pt Coquitlam, Port Coquitlam

Tue, 17 Sep 2024 09:00:40 GMT

I have listed a new property at 1106 2180 Kelly. See details here

WELCOME TO MONTROSE SQUARE | 1 BED PLUS DEN CORNER UNIT WITH AC Bright unit with open layout. Modern finishes include black stainless appliances, ceiling height cabinetry and quartz counters with overhang seating for 4. Convenient patio area off living room. Inside amenities include play center for the kids, excercise room, and well appointed lounge with kitchen. 1 parking stall & 1 storage locker. Get connected and enjoy all the nearby amenities including large private courtyard with water feature. Steps away to the pedestrian plaza with coffee shops, Sushi Bar, retail shops and more. Across from POCO Community Centre and walkable to West Coast Express, shopping and transit. Book your showing today!

New property listed in Abbotsford East, Abbotsford

Thu, 29 Aug 2024 09:00:43 GMT

I have listed a new property at 36305 ATWOOD CRES in Abbotsford. See details here

New property listed in Willoughby Heights, Langley

Wed, 31 Jul 2024 09:00:57 GMT

I have listed a new property at 21031 79A AVE in Langley. See details here

WELCOME TO KINGSBURY ROW AT YORKSON SOUTH | A refined collection of Tudor inspired contemporary row homes built by RAB. This 4 Bed 4 Bath home has something for everyone in the family. Large windows and open floor plan make this bright & spacious home perfect for entertaining. Total comfort at the flick of a switch - turn on the AC to keep cool or cozy up to the F/P to get warm. Awesome kitchen with plenty of room to serve margaritas or bake cookies. Also has a large granite island and a gas stove for the serious chef. Convenient powder room on main floor. King size Master Bedroom w/ Walk in closet and lovely 4 piece ensuite. Basement has an expansive games room, flex room and a 4th bedroom w/ 4 piece bathroom ideal for guests. Fully fenced backyard with laneway access. Located in a culdesac close to schools, transit, Costco, Willoughby Town Centre, Langley Events Centre, Park & Ride with quick access to Hwy 1. All this and NO STRATA FEES! OPEN HOUSE AUG 3/4 SAT/SUN 2-4PM Come check it out!

New property listed in Sunnyside Park Surrey, South Surrey White Rock

Wed, 10 Jul 2024 09:01:21 GMT

I have listed a new property at 306 13959 16 AVE in Surrey. See details here

WELCOME TO WHITE ROCK VILLAGE | 2 BED 2 BATH PENTHOUSE Near Ocean Park. Enjoy your coffee on the large west facing balcony overlooking the tranquil setting. Large windows provide plenty of natural sunlight making this a bright & spacious condo. Great living space w/ Open layout & gas F/P. Kingsize Master BDRM with 4 piece ensuite and his/hers mirrored closets. 3 piece main bath. Laundry room with extra storage & laundry sink. Amenities include beautiful courtyard gardens, clubhouse, library, workshop, exercise room, sauna and 2 South facing Resort size rooftop patios with partial ocean view. Extremely quiet well managed and friendly complex. New windows, new doors, new balconies, new railings, new Hardi-Board siding and newer roof. 55+ No smoking No Pets. Wheelchair accessible. 1 storage locker, 1 secure garage parking & add'l parking. Awesome location 5 minutes to White Rock Beach, 10 min to Crescent Beach. Transit on street out front. Quick access to US Border and Hwy 99. More pics coming soon!

NEWSREAL | REAL ESTATE NEWS | JUNE 2024

Wed, 12 Jun 2024 23:41:28 GMT

MARKET UPDATE | FRASER VALLEY MAY 2024

Wed, 15 May 2024 23:52:53 GMT

New property listed in Crescent Bch Ocean Pk., South Surrey White Rock

Fri, 19 Apr 2024 09:01:04 GMT

I have listed a new property at 308 13959 16 AVE in Surrey. See details here

WELCOME TO WHITE ROCK VILLAGE | 2 BED 2 BATH CORNER UNIT PENTHOUSE Near Ocean Park. Enjoy your coffee in the morning sun on the large balcony overlooking the tranquil courtyard. Large windows provide plenty of natural sunlight in this bright & spacious condo. Open layout w/ gas F/P make this a great living space. Kingsize Master BDRM w/ 4 piece ensuite & his/hers mirrored closets. 3 piece main bath has room to accommodate a wheelchair. Laundry room w/ extra storage & countertop folding area. Amenities include beautiful courtyard gardens, clubhouse, library, workshop, exercise room, sauna & 2 South facing Resort size rooftop patios w/ partial ocean view. Extremely quiet well managed & friendly complex. New windows, new doors, new balconies, new railings, new Hardi-Board siding & newer roof. 55+ No smoking No Pets. Wheelchair accessible. Includes 1 storage locker & 1 secure garage parking. Awesome location 5 mins to White Rock Beach, 10 mins to Crescent Beach. Quick access to US Border & Hwy 99. View today!

New property listed in Sunnyside Park Surrey, South Surrey White Rock

Thu, 18 Apr 2024 09:01:12 GMT

I have listed a new property at 308 13959 16 AVE in South Surrey. See details here

WELCOME TO WHITE ROCK VILLAGE | 2 BED 2 BATH CORNER UNIT PENTHOUSE Near Ocean Park. Enjoy your coffee in the morning sun on the large balcony overlooking the tranquil courtyard. Large windows provide plenty of natural sunlight making this bright & spacious condo . Open layout with gas F/P make this a great living space. Kingsize Master BDRM with 4 piece ensuite and his/hers mirrored closets. 3 piece main bath has room to accommodate a wheelchair. Laundry room with extra storage and countertop folding area. Amenities include beautiful courtyard gardens, clubhouse, library, workshop, exercise room, sauna and 2 South facing Resort size rooftop patios with partial ocean view. Extremely quiet well managed and friendly complex. New windows, new doors, new balconies, new railings, new Hardi-Board siding and newer roof. 55+ No smoking No Pets. Wheelchair accessible. Includes 1 storage locker and 1 secure garage parking. Awesome location 5 minutes to White Rock Beach, 10 minutes to Crescent Beach. Transit on street out front. Quick access to US Border and Hwy 99. Arrange to view today!

NEWSREAL | REAL ESTATE NEWS | APRIL 2024

Tue, 09 Apr 2024 23:53:00 GMT

THE BC GOVERNMENT CONTINUES TO MEDDLE IN THE REAL ESTATE MARKET

The proposed BC home flipping tax applies to income from the sale of a property, including presale contracts, in British Columbia if the property was owned for less than 730 days. The tax takes effect starting January 1, 2025, subject to approval by the legislature.

Property purchased before the tax’s effective date may be subject to the tax if sold on or after January 1, 2025 and owned for less than 730 days unless an exemption applies.

The BC home flipping tax is separate and distinct from the federal property flipping rules and is not harmonized or administered with the federal or B.C. income tax. It is intended to discourage short-term holding of property for profit as part of the Homes for People Plan

Who is subject to the tax?

If you sell your property on or after January 1, 2025, income earned from the sale of your property may be subject to the new tax if the property was purchased less than 730 days before the sale.

Example: If you purchased a property on May 1, 2023 and sold the property on January 31, 2025, income you earn from the sale of the property would be taxable. If you decide not to sell the property until June 1, 2025, then income you earn from the sale would not be subject to the tax

Note: The seller of the property may be a B.C. resident or a resident anywhere else in the world.

ON THE HORIZON

WHERE ARE INTEREST RATES HEADED

The Bank of Canada today held its target for the overnight rate at 5% for the fifth consecutive meeting.

With the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is continuing its policy of quantitative tightening.

We’ve come a long way in our fight against high inflation. Monetary policy is working—inflation is coming down. But it’s too early to loosen the restrictive policy that has gotten us this far. Low, stable inflation is a cornerstone of shared prosperity, and we remain resolute in our commitment to restore price stability.

QUESTION:

To plan for when I can’t make decisions on my own, do I need a power of attorney and a representation agreement?

I’d like to get help with both financial matters and health care decisions (including end of life decisions). It sounds like the only way to do this is to prepare an enduring power of attorney and an enhanced (section 9) representation agreement?

ANSWER: A power of attorney gives someone you trust the power to look after your financial and legal affairs. An enhanced representation agreement gives someone you trust the power to look after your health care and personal care. So, yes, these two documents do very different things. You’d need both to cover all of those types of decisions.

There are also standard representation agreements, which apply to financial and health decisions, but they are more limited in the types of decisions they cover. For example (on the financial side), they can’t empower a representative to buy or sell your home or take out a loan on your behalf. And (on the health side) they can’t empower a representative to make decisions about things like life-saving treatments or physical restraint.

If you’re in a crisis, standard representation agreements are designed to help right away, even if you’re already incapacitated in some way.

But if you’re planning for the future, a combination of a power of attorney and an enhanced representation agreement will provide you with certainty as to how financial and health affairs (both big and small) will be handled.

Courtesy: Peoples Law School

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RICK THE REALTOR® HONOURED WITH "BEST OF LANGLEY" AWARD SECOND CONSECUTIVE YEAR

Wed, 06 Mar 2024 23:43:00 GMT

Langley, BC, Canada - March 6, 2024 - Rick the REALTOR®, a prominent figure in Langley's real estate scene, has once again been recognized for his exceptional service and dedication to his clients.

Rick has been awarded the prestigious "Best Of Langley" title for 2023 on RankMyAgent.com, marking his second consecutive win after also clinching the award in 2022.The "Best Of Langley" award is a testament to Rick's unwavering commitment to building strong relationships with his clients and providing top-notch service. This accolade is based on client reviews posted on RankMyAgent.com, where satisfied clients have shared their positive experiences working with Rick. His profile on RankMyAgent.com can be viewed at https://rankmyagent.com/rickthe-realtor.Expressing his gratitude for the recognition, Rick stated, "I am truly honored to have received this award from RankMyAgent.com, especially because this particular award is not about volume, it’s about relationships."In addition to his success on RankMyAgent.com, Rick has also been named one of the "Top 100 Giving Agents In Canada" by Rate-My-Agent.com. This prestigious award recognizes agents who contribute to charitable causes, highlighting their philanthropic efforts within the community. Rick secured the 9th position in 2023 and the 5th spot in 2022 among the top 100 giving agents in Canada. His profile on Rate-My-Agent.com can be found at https://www.rate-my-agent.com/rick-the-realtor-ratings-langley-10908.

Rick's consistent success and recognition in the real estate industry underscore his professionalism, integrity, and dedication to both his clients and the community. As he continues to excel in his field, Rick remains committed to providing exceptional service and making a positive impact in Langley and beyond.

For more information or to contact Rick the REALTOR®, please visit https://www.realsearch.ca

New property listed in Brighouse South, Richmond

Thu, 15 Feb 2024 09:01:01 GMT

I have listed a new property at 261 7293 MOFFATT RD in RICHMOND. See details here

WELCOME TO DORCHESTER CIRCLE | This rarely available 2 Bed 2 Bath Apartment features laminate flooring, a natural wood burning fireplace, 2 King size bedrooms & a balcony overlooking the outdoor pool. This spacious 1063 sq ft home has an expansive living room/dining area with plenty of room for entertaining. Functional kitchen with convenient pullouts & an oversize porcelain double sink. Large Master BDRM w/ walk-through closet leading to the ensuite. Plenty of closet storage & an add’l storage locker within steps of your door. Great amenities include Exercise room, stationary bike room & an outdoor pool to keep cool on those warm summer days. Rentals & pets permitted in this well managed Strata Complex. Nearby schools include General Currie Elem, Ferris Elem, Blundell Elem & Richmond Secondary. Conveniently located in Central Richmond near Minoru Park, Minoru Pool, Public Library, Minoru Oval Sports Field, Brighouse Park & just few minutes away from Richmond Center & Canada Line Skytrain Brighouse station.

New property listed in Brighouse South, Richmond

Mon, 12 Feb 2024 09:00:59 GMT

I have listed a new property at 261 7293 Moffatt RD in Richmond. See details here

WELCOME TO DORCHESTER CIRCLE | This rarely available 2 BED 2 BATH unit features laminate flooring throughout, a natural fireplace and a view overlooking the outdoor pool. This bright & spacious 1059 sq ft home is centrally located near Minoru Park. Well managed complex and includes 1 parking stall and a locker. Contact us to arrange your private showing.

NEWSREAL | REAL ESTATE NEWS | NOVEMBER 2023

Thu, 07 Dec 2023 01:32:13 GMT

IN THE NEWS | BANK OF CANADA ANNOUNCEMENT DEC. 6, 2023 Today the Bank of Canada announced that the Policy Rate will remain at 5%. For the third consecutive meeting, the Bank of Canada has left its key lending rate unchanged at 5.00%. This follows 10 previous rate increases over 12 rate announcements, which has raised the overnight target rate by 4.75% since March 2022.
In its statement, the Bank said that while high interest rates have restrained consumer spending and that economic growth stalled in the third quarter, it is “still concerned about risks to the outlook for inflation and remains prepared to raise the policy rate further if needed.”
The Bank added it wants to see “further and sustained easing in core inflation.”

There is no denying the real estate market has slowed down considerably in the Greater Vancouver and Fraser Valley neighborhoods. Buyers have taken to the sidelines to get a better sense of where they think the market is going. Higher interest rates have diminished buying power and homes are on the market now for 60 days which compared to previous markets, feels like eternity. However, some homes have actually sold in a couple days and may even have had multiple offers. Those are generally the unique homes that have something special to offer like a large White Rock Rancher. Even still, in the midst of this slower market there is also this sense that there is an undercurrent or something brewing just below the surface. And while things may be tight for those who maxed out on their purchase at the peak of the market, one thing still remains - DEMAND. People still need a roof over their head and buyers are coming to terms with the new reality of higher borrowing costs. As long as there is no further rate increases, I think we are going to see a surge in sales in very early Spring. The ball is in the Bank of Canada’s court!

Even if you have owned a home in the past, but for the purpose of opening an FIRST HOME SAVINGS ACCOUNT (FHSA) you will be considered to be a first-time home buyer if you did not, at any time in the current calendar year before the account is opened or at any time in the preceding four calendar years, live in a qualifying home (or what would be a qualifying home if located in Canada) as your principal place of residence that either:

you owned or jointly owned
your spouse or common-law partner (at the time the account is opened) owned or jointly owned

This means you can take advantage of this federal program and contribute $8000 per year up to $40,000 into the TFSA tax-free. Parents helping with the purchase should encourage their children to open an account (Only the children will get the tax savings)

When should I open an FHSA account? Open your FHSA account before December 31st. Even if you only deposit $1 today, by setting up the account before the year end, this will allow you to contribute a maximum of $16,00 the following year - TAX FREE!

New property listed in King George Corridor, South Surrey White Rock

Thu, 09 Nov 2023 09:01:03 GMT

I have listed a new property at 920 161B ST in Surrey. See details here

Charming 3 Bed 2 Bath Rancher nestled in a quiet cul-de-sac is a hidden gem in the highly sought-after, rarely available South Meridian neighborhood. Welcoming foyer w/ skylight. Bright & spacious living room boasts vaulted ceilings, feature window & gas FP. Functional kitchen features Gas range & numerous windows w/ delightful views of the lush surroundings. Expansive family room w/ gas FP, perfect for creating a warm & inviting ambiance. King size master bedroom w/ WI closet & ensuite with large soaker tub, separate shower & skylight. Upgrades include new windows throughout and main bath tastefully renovated with heated floors for added comfort. Step outside to a serene outdoor haven w/ private cedar hedge & fenced yard. Enjoy outdoor entertaining on the new composite deck or relax in the hot tub. Located a short walk to White Rock Beach, ideal spot for beach lovers. Close to US Border & Hwy 99 ensuring easy access to nearby amenities. Don't let this gem slip away – it's time to make it your forever home!

NEWSREAL | REAL ESTATE NEWS | OCTOBER 2023

Fri, 27 Oct 2023 16:12:00 GMT

IN THE NEWS

LATEST

MORTGAGE RENEWAL SURVEY

Renewal jitters: Canadians concerned about upcoming mortgage renewals consider extending their amortization periods, switching lenders

74% of mortgagees with lending agreements set to renew within the next 18 months report feeling concerned about higher interest rates

Highlights:

16% of current mortgagees will be renewing their lending agreements within the next 12 months, while another 15% will be renewing in 12 to 18 months
Almost three-quarters (74%) of Canadian mortgage holders currently have a fixed-rate mortgage; 20% have a variable-rate mortgage
40% of variable-rate or hybrid mortgage holders concerned about their upcoming renewal say they plan to switch to a fixed rate
64% of variable-rate or hybrid mortgage holders say that higher interest rates have caused their mortgage payment to hit its trigger rate and thus increased their monthly cost
76% of variable-rate or hybrid mortgage holders say that higher interest rates have caused financial strain on their household, causing them to reduce spending and dip into savings

TORONTO, October 26, 2023 – According to a recent Royal LePage survey conducted by Nanos,[1] 74 per cent of Canadians with a residential mortgage set to renew within the next 18 months say they are concerned about the renewal, in light of the series of interest rate hikes made by the Bank of Canada since March of 2022. Thirty-one per cent of all mortgagees in Canada say their lending agreement is set to renew within the next year and a half (16% within 12 months and 15% in 12-18 months). That means 3.4 million Canadians have a mortgage that is set to renew by March of 2025.[2]

When asked about their impending mortgage renewals, many Canadians say they are considering changing the type of mortgage product they sign or increasing the amortization period, along with an array of cost-cutting measures. Twenty-four per cent of residential mortgage holders who are concerned about their renewal say they have considered extending their mortgage’s amortization period, while 23 per cent have contemplated switching to another lender in order to secure a better rate. If switching lenders, however, applicants with uninsured mortgages must qualify for the stress test, which is the higher of 5.25 per cent or the lending rate plus two per cent. This additional challenge may cause some borrowers to renew with their current lender at a higher rate in order to avoid the stress test.

Eighteen per cent of mortgage holders have thought about extending their next mortgage term, and 17 per cent have considered selling their home and buying a smaller property in order to reduce the size of their mortgage. Respondents were able to select more than one answer. Among those who currently hold a variable-rate or hybrid mortgage and reported feeling concerned, 40 per cent say they plan to switch to a fixed-rate mortgage upon renewal.

“Some Canadians with variable-rate mortgages have seen their monthly payments double or even triple over the last year and half, due to the Bank of Canada’s aggressive interest rate hike campaign aimed at tamping down high inflation. Those locked in to a fixed-rate mortgage, which most are, have been protected from those increases, at least for a short time,” said Karen Yolevski, chief operating officer, Royal LePage Real Estate Services Ltd. “While the central bank’s key lending rate is expected to come down in the medium term, the likelihood that we will return to rock-bottom rates of less than one per cent is very low. Upon renewal, fixed-rate mortgage holders will be faced with a new reality – higher monthly payments.”

Thirty per cent of Canadian mortgage holders say that they are not concerned about their upcoming renewal. More than half of them (55%) say they are confident that their income will allow them to absorb the higher interest rate, and another 33 per cent say they are close to paying off the remainder of their mortgage.

CHANGES COMING TO THE SHORT TERM RENTAL MARKET IN BC

B.C.'s Short-Term Rental Accommodations Act

The number of short-term rentals (which may include, for example, rentals listed on Airbnb, VRBO, Expedia and FlipKey) have expanded rapidly over recent years, in B.C. and around the world.

Data shows that short-term rentals are diverting thousands of long-term rentals onto the short-term market in B.C., taking away homes people need.

Like many jurisdictions around the world, B.C. is responding to this growing challenge by taking action to regulate short-term rentals and return homes back to the long-term rental market.

READ FULL REPORT

FRASER VALLEY STATS | OCTOBER 2023

CONDOS | Year Over Year Price - Up 3.4%

1,391 LISTINGS

344 SALES

25% % OF LISTINGS SOLD

24 AVG DAYS TO SELL

TOWNHOMES | Year Over Year Price - Up 3.5%

884 LISTINGS

278 SALES

31% % OF LISTINGS SOLD

23 AVG DAYS TO SELL

HOUSES | Year Over Year Price - Up 4.6%

2,580 LISTINGS

352 SALES

14% % OF LISTINGS SOLD

29 AVG DAYS TO SELL

NEWSREAL | REAL ESTATE NEWS | JUNE 2023

Wed, 07 Jun 2023 22:53:10 GMT

NEWSREAL | REAL ESTATE NEWS | MAY 2023

Fri, 05 May 2023 22:00:00 GMT

NEWSREAL MAY 2023 NEWSLETTER

SnapStats 11 Year Report | Fraser Valley | Jan 2023

Mon, 06 Feb 2023 01:21:00 GMT

NEWSREAL | REAL ESTATE NEWS | FEBRUARY 2023

Fri, 03 Feb 2023 20:01:00 GMT

FOREIGN BUYERS BAN For a period of two years starting January 1, 2023, non-Canadians are banned from purchasing homes in Canada under the definition of “residential property.”

Langley REALTOR® Named One of the Best Real Estate Professionals by RankMyAgent.com

Mon, 23 Jan 2023 22:51:36 GMT

Rick the REALTOR® has been named one of Langley’s Best Real Estate Professionals by RankMyAgent.com for 2022. The award recognizes top-performing real estate agents across the country, based on client reviews. Rick, who first started selling real estate in 1993, was recognized for his exceptional service and dedication to his clients. "I am truly honored to have received this award from RankMyAgent.com, especially because this particular award is not about volume, it’s about relationships,” Rick commented, "I have always been passionate about helping my clients and to be recognized for that is truly humbling."

Rick attributes his success to his commitment in providing his clients with the highest level of service and guiding his clients every step of the way. "I take great pride in staying informed about the latest trends and developments in the local market, so that I can provide my clients with the best advice and guidance."

Rick the REALTOR Awarded #5 In Canada For Charity Contributions

Sat, 14 Jan 2023 00:29:00 GMT

#5 Real Estate Agent In Canada In Charity Contributions Completely Unexepected - But Very Much Appreciated - Thank You :)

NEWSREAL | REAL ESTATE NEWS | JANUARY 2023

Fri, 06 Jan 2023 21:26:00 GMT

CLICK HERE: NEWS REAL | REAL ESTATE NEWS JANUARY 2023

MARKET STATS | CURRENT MARKET TRENDS

STRATA G | CONDO & TOWN HOME UPDATES

LATEST REAL ESTATE NEWS

New property listed in Abbotsford East, Abbotsford

Fri, 13 May 2022 09:01:20 GMT

I have listed a new property at 35945 EMILY CARR CRES in Abbotsford.

See details here

Welcome to AUGUSTON | Bright & spacious 2 Storey w/Basement home has 4 Bed & Den 4 Bath. Main level features a Grand foyer for greeting guests, leading to expansive open concept living space w/ beautiful stone FP, high ceilings & large windows for natural light. Beautiful kitchen w/ large island, quartz counters, gas range & spacious pantry. Home office, powder room, plenty of closet space & huge laundry room with sink, storage & folding area, conveniently located off the double garage. 3 spacious bedrooms upstairs, Master has gorgeous 5pc ensuite w/ soaker tub & double sinks plus 14' x 6' WI closet. Downstairs has Games room & Flex space which could be used for upstairs or suite. Tastefully appointed 1 Bed suite (easily convert to 3 Bed) with open layout, bright kitchen, 4pc Bath & its own covered patio. Other features include Air Conditioning & 22’ x 12’ covered Sundeck perfect for outdoor entertaining. Awesome neighborhood near Auguston Traditional School & walking trails at Ledgeview. This home has it all!

New property listed in Cloverdale BC, Cloverdale

Thu, 21 Apr 2022 09:01:16 GMT

I have listed a new property at 203 16433 64 AVE in Surrey.

See details here

ST. ANDREWS AT NORTHVIEW – RESORT STYLE LIVING | Bright & spacious 2 Bed + Den 2 Bath Corner Unit Condo with Open Concept. Formal dining area, living room & family room provides plenty of room for entertaining. The HOUSE-sized gourmet kitchen features a Center Island, Granite Countertops, Stainless Appliances & Full Height Cabinets. In-floor heating with Engineered Hardwood Flooring, double sided Gas FP, 9ft Ceilings & large windows for natural light. Master ensuite complete with soaker tub, separate shower, double sinks, granite counters & WI Closet. Expansive covered balcony perfectly situated on the quiet side of the building with exceptional view of Northview Golf Course & the North Shore mountains. World Class Clubhouse w/ luxury amenities Lounge, Kitchen, Library, Media Room, Fitness Studio, Billiards Room, Guest Suites, Sauna, Hot Tub, Pool & Outdoor BBQ Area. 2 parking stalls & Extra storage. Pet allowed. Gated complex centrally located & close to shopping, schools & parks.

New property listed in East Newton, Surrey

Thu, 14 Apr 2022 09:01:14 GMT

I have listed a new property at 78 6657 138 ST in Surrey.

See details here

Welcome To HYLAND CREEK ESTATES – This is a Great Family Complex with a Playground & Outdoor Pool. This 2 Level 3 Bedroom 1 Bathroom Townhome features a bright kitchen, a quaint bar height nook adjoining an Expansive open living space with patio doors leading to a private outdoor patio. Upstairs has 3 Bedrooms, 4pc Bathroom & Washer/Dryer. Lots of closet space & storage area off front entrance. 1 Pet Allowed – Rentals Allowed. Perfect for young family, first time buyers or investors. Fantastic location conveniently located within walking distance to Shopping, public transportation, schools and Newton Wave Pool. Quick Possession OK. Book A Showing Today!

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