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Surrey is currently the 2nd largest city (by population) in British Columbia, right after Vancouver. Surrey offers its diverse and ever growing population a lot of opportunities in new and growing industries. With this in mind, more people are considering a move to Surrey every day. As a result, the market value of properties in Surrey has achieved a steady climb over the past few years. According to Century 21, the average selling price of a home is $876,000, while the average price of a condo

Housing laws are tightening in British Columbia, and interest rates are rising. In 2018, we witnessed a 34% reduction in sales, the biggest decline in the past two decades. Populations in major cities are growing, and citizens and foreigners are finding new homes here every day, but the housing market is slowing down. This decline is partially a result of the recently introduced Bill 28, the Miscellaneous Statutes (Housing Priority Initiatives) Amendment Act, 2016.  What is Bill 28 about? Bill 28, also known as the

Listing agents are often approached by potential buyers who don’t have a realtor. Buyers might want to save money on commission, fees, or don’t trust the services of realtors in general. In Canada, the buyer’s realtor doesn’t get a commission, but can negotiate with the seller’s agent to get a cut of theirs. If a buyer can close the deal without a realtor, then the seller’s agent can be convinced to reduce their commission percentage, saving money for the buyer. Can I go through the

Ever wondered how properties are valued? Do you think there’s any substance to the perceived value of your home? If you’re looking to buy or sell a property, then it’s important to understand how value is assigned to them. This knowledge will help you to identify the right time to buy or sell, and the right price bracket you should be aiming for. In this article, I’ve outlined some of the tangible and intangible factors that can affect real estate prices. They’ve been grouped into

Has your house been on the market for a long time with no offers? If the housing market in your neighbourhood is stable, and comparable properties are being bought, that could indicate a problem with yours. The good news is, identifying that problem is the first step to increasing the market value of your property. From my experience in the real estate market, here are the common reasons I’ve identified on why some houses don’t sell. Asking price Pricing any home can be tricky. You

Do you feel like your Realtors®  claims might be too good to be true? In many cases, Realtors® present you with statistics on their sales to back up all the assurance they give you. There are many laws in both the housing and advertising industries that prevent realtors from lying directly to their clients. However, realtors often find a way around these laws without getting caught. Stats and other ‘facts’ can be tweaked to seem more appealing to property owners and buyers. In this case

The 2018 Fraser Valley Real Estate stats are in.  After 3+ years of total annual sales of 20,000+ units, 2018 shook the trend and ended up a down year.  Specifically, as per the Fraser Valley Real Estate Board’s Multiple Listing Service (MLS), 2018 saw a 30.2% decrease.  15,586 sales occurred in 2018 compared to 22,338 sales in 2017.  This is the lowest sales by volume in the Fraser Valley since 2013.  Lastly, and perhaps most tellingly, “The total dollar volume of MLS® transactions for the

Are you planning to buy a condo in which tenants are already living? Are you interested in buying a house in which the 1st floor has tenants, but you want the whole property for your family? Do you want a property with 3 units where you can have different tenants? Well, you are not alone in this. There are many reasons you may want to consider buying a property with tenants, however it is crucial you understand the rules and regulations around purchasing said properties.

The legalization of pot might be a win in some industries, but it has caused a huge distress in the housing industry. Before October 17th, buying legal pot in Surrey came with several barriers. Now, recreational pot is available to all users. The government passed the C-45 Bill to make cannabis accessible to users while supporting public health by regulating negative health effects and poor social outcomes (from pot use). However, many are concerned about the effect of this new freedom on the property values

Tірѕ fоr fіrѕt tіmе hоmе buуеrѕ in B.C., Cаnаdа Arе уоu a fіrѕt time hоmе buyer іn B.C., Canada аnd nееd some аdvісе before buуіng? Whаt аrе some kеу thіngѕ to lооk fоr? In thіѕ article, wе discuss thе kеу tірѕ from a hоmе sales professional thаt уоu muѕt consider before buying уоur first home іn B.C., Cаnаdа. Buying your fіrѕt home іn B.C., Cаnаdа іn 2018? Wеll, a lоt hаѕ сhаngеd ѕіnсе last уеаr — аnd уоu’rе going to have tо undеrѕtаnd hоw thоѕе

Surrey, a metro centre in B.C, is growing and gunning to be the biggest city within this province — approximately 22 per cent of B.C births occurs in Surrey — and it is only a matter of time for this to happen. Up until recently, the housing market in Canada has been in a frenzy, especially in British Columbia. But all of that seemed to have cooled, and if what we hear from property analysts is true, then it will continue so for a while

Landing your first dream home in B.C Canada can be such an exciting feeling. However, the strategic planning and knowledge required can be complex considering homeowner insurance, down payment, deposits, financing and unplanned expenses. What ordinarily should be an exciting experience can turn into a stress-filled one. Canadians are among the highest homeowners in the world. Imagine two out of every three Canadian families as landlords – that is an incredible statistic right there! And it can only get better. In that line of thought,