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New property listed in Willoughby Heights, Langley

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

WELCOME TO PROVIDENCE BY MORNINGSTAR HOMES | 4 BEDS UP + 2 BED LEGAL SUITE Beginning with its spacious front porch, the Waterford plan offers all the room a growing family needs. On entering, you see a flex room just perfect for a den, studio or retreat. The great room with its two storey volume & dramatic celestial windows with adjacent kitchen & dining room are the heart of this home. The kitchen features a custom maple T island & wood laminate flooring. Upstairs, the master Bdrm features a charming window seat, vaulted ceiling, walk-in closet & 5 pce ensuite. Downstairs features a bright spacious 2 Bedroom Legal Suite. Great location walking distance to spectacular Routely Park and minutes to Costco, Home Depot & Willowbrook Mall. Rick the REALTOR® | YOUR REAL ESTATE GUIDE Royal LePage Wolstencroft Realty Rick Cenaiko | Powered By REALSEARCH.CA

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New property listed in Abbotsford West, Abbotsford

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.

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New property listed in Langley City, Langley

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.

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New property listed in Abbotsford West, Abbotsford

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

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MARKET UPDATE JANUARY 2025 | DECEMBER STATS

Real Estate Market Update | Metro Vancouver & The Fraser Valley | Rick the REALTOR | Powered By REALSEARCH.CA 

Bank of Canada interest rate cuts were not enough to ease the affordability crisis for many home buyers in the Fraser Valley in 2024, leading to the lowest annual sales seen in ten years. In the Fraser Valley, the City of Surrey accounted for the majority of 2024 sales at 51% with Langley at 24% and Abbotsford accounting for 15%.

In Metro Vancouver, although sales activity had a slower start to the year, price trends began 2024 on the rise and closed out the year on a flatter trajectory. Most market segments saw year-over-year increases of a few per cent except for apartment units, which ended 2024 roughly flat. 

"With the data showing renewed strength to finish the year however, it looks as though the 2025 market is positioned to be considerably more active than we’ve seen in recent years.”

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New property listed in Abbotsford East, Abbotsford

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!

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MARKET UPDATE DECEMBER 2024 | NOVEMBER STATS

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

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

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

Rick the REALTOR® | Powered By REALSEARCH.ca Royal LePage Wolstencroft Realty

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Rick the REALTOR® | YOUR REAL ESTATE GUIDE Royal LePage - Wolstencroft Realty

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MARKET UPDATE OCTOBER 2024 | SEPTEMBER STATS

Sluggish sales and rising inventories see Fraser Valley moving toward a buyer’s market

SURREY, BC — With active inventories hitting levels not seen in 10 years and sales 30 per cent below the 10-year average, Fraser Valley real estate is building towards a buyer’s market if sales continue to lag. The Fraser Valley Real Estate Board recorded 982 sales in September, down by eight per cent over August and by more than 10 per cent over September 2023. Again, seasonally adjusted sales were the second slowest in a decade in the Fraser Valley. But how long will this last - things seem to be shifting in the background! MSG me if you want a detailed report for your neighborhood emailed to your inbox 📈

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