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FRASER VALLEY STATS | JANUARY 2023

CONDOS | Year Over Year Price - Down 5.9%
970   LISTINGS
198   SALES
20%  OF LISTINGS SOLD
41     AVG DAYS TO SELL       
 
TOWNHOMES | Year Over Year Price - Down 8.8%
659   LISTINGS
170   SALES
26%  OF LISTINGS SOLD
40     AVG DAYS TO SELL 
 
HOUSES | Year Over Year Price - Down 17.6%
1350   LISTINGS
182     SALES
13%    OF LISTINGS SOLD
42       AVG DAYS TO SELL
 
 

STRATA G

Guide To Condo & Townhome Topics

IS THERE ENOUGH IN THE CONTIGENCY?

Most Strata Corporations in BC are Not Saving Enough for the Future (to avoid special levies). So,

how much can buyers expect to pay in special levies because BC stratas aren’t saving enough in their

CRFs to pay for all their future capital projects/expenditures?

Based on the last 839 strata corporation reviews recently completed, as of today (January 2023),

buyers can expect, on average to pay approximately $16,550 in total special levies over the upcoming 10 years . 

 
 
  

IN THE NEWS

LATEST

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.” Although further technical interpretations of the

regulations are still pending, here is the current understanding of the regulations.

REALTORS®, along with lawyers and notaries, have an obligation to inform their clients. The legislation does

not rely on REALTORS® to enforce the prohibition. However, REALTORS® who knowingly assist a non-Canadian

in contravening the prohibition can be found guilty of an offence and liable on summary conviction to a fine of

up to $10,000.

Importantly, REALTORS® do not have any information collection, processing or reporting requirements.

REALTORS® should still engage in due diligence as a measure of risk mitigation. To support REALTORS® with

their due diligence, the Canadian Real Estate Association (CREA) has developed a certificate: 

Certification and Consent of Purchaser.

Read

 
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."
Read

 
In 2022, Rate My Agent recognized the Top 100 Real Estate Agents in Canada that support charities across the nation. This is a great initiative as it brings awareness to the charities that need support while acknowledging the Real Estate Agents that partner with those charities. Rick the REALTOR® was recognized as the #5 Real Estate Agent in Canada.  "Completely Unexepected - But Very Much Appreciated - Thank You" Rick commented when notified of the award.
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New property listed in Abbotsford East, Abbotsford
I have listed a new property at 35945 EMILY CARR CRES in Abbotsford.
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!
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New property listed in Cloverdale BC, Cloverdale
I have listed a new property at 203 16433 64 AVE in Surrey.
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.
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New property listed in East Newton, Surrey
I have listed a new property at 78 6657 138 ST in Surrey.
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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New property listed in Cloverdale BC, Surrey
I have listed a new property at 16433 64 Ave in Cloverdale.
Welcome to St. Andrews at Northview! This STUNNING corner unit features a super bright & open concept floor plan with over 1600 sq/ft of living space! Two bedrooms, two bathrooms, a large den, formal dining area, living room, family room (14' ceiling), double sided gas fireplace, and all surrounded by large windows providing all of the natural light you could ask for! Some BONUS features include a gourmet kitchen with steel appliances, gas stove, wine cooler, granite countertops, 9ft ceilings, and a HUGE covered patio with EXCEPTIONAL VIEWS of the Golf Course and Mountains. Resort Style amenities include an overnight suite, outdoor pool, exercise room and a billiards room, all for you to enjoy!
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Latest Blog Posts

REAL ESTATE NEWS | NEWS REAL FEBRUARY 2023
NEWSREAL | REAL ESTATE NEWS

REAL ESTATE NEWS | NEWS REAL FEBRUARY 2023

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

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Langley REALTOR® Named One of the Best Real Estate Professionals by RankMyAgent.com
NEWSREAL | REAL ESTATE NEWS

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

Rick the REALTOR® has been named one of Langley’s Best Real Estate Professionals by RankMyAgent.com for 2022. The award recognizes ...

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Rick the REALTOR Awarded #5 In Canada For Charity Contributions
NEWSREAL | REAL ESTATE NEWS

Rick the REALTOR Awarded #5 In Canada For Charity Contributions

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

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REAL ESTATE NEWS | NEWSREAL JANUARY 2023
NEWSREAL | REAL ESTATE NEWS

REAL ESTATE NEWS | NEWSREAL JANUARY 2023

CLICK HERE: NEWS REAL | REAL ESTATE NEWS JANUARY 2023 MARKET STATS | CURRENT MARKET TRENDS STRATA G | CONDO & TOWN HOME UPDATES LATEST ...

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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.