August 2022 Newsletter
Andy Schildhorn • August 22, 2022
HELLO EVERYONE AND WELCOME TO OUR AUGUST NEWSLETTER!
Uncharted territory:
What does rising interest rates mean for home-buyers. It is a whole new market out thereLooking for a roof top patio in the heart of Willoughby with a great walk score? Check out 12 – 20852 78B Ave.
This home is immaculate
In this month’s Facebook Live we went into depth on our changing market. Took a look at our market statistics and discussed how affordability is changing.
Michael and Pearl Berry were very interesting clients who brought a whole new perspective on how to sell a home. I appreciated their insights. All the best to you both.
Our Langley Market Report is showing detached home prices are up 16.2% from last year with listings down by 123.6% and sales volume down by 52.0% year over year. The same could be said for Condos and Townhomes in the Langley area. I should add pricing is down by about 8% from last month July of this year.
The Fort Gallery is presenting a summer art auction fundraiser. This local Fort Langley Gallery, a mainstay in the Village, supports local artists with public outreach and education.
Rita Cousins Mortgage Broker explains some of the terminology when buying a home.
CMHC has come out with a report that government fees impact the cost of new home construction by up to 24%
Well, that’s it for this month. Want to talk Real Estate? Let my 25 plus years help guide you through these changing market conditions? Text, Email or Call and we can set up a time to discuss your plans.
Thanks for dropping by, have a great day and I look forward to meeting you soon.
It's basically the most basic dog you can get, but they are adorable. They're popular for a reason. Support our very own LAPS
Everything you need to know about the upcoming federal election in Langley. The 2025 federal election campaign will end April 28 with a new set of Parliamentarians tasked with the job of governing Canada. Read More Here
Homebuyers in Metro Vancouver are sitting on the sidelines despite market conditions tipping in their favour, according to the latest data from the Greater Vancouver Realtors (GVR). Residential home sales in March 2025 totalled just 2,091—down 13.4 per cent from March 2024 and 36.8 per cent below the 10-year seasonal average. It marked the slowest March for sales since 2019. Active listings climbing to highest levels seen in a decade At the same time, active listings reached levels not seen in nearly a decade. New listings for detached, attached and apartment properties were up 29 per cent year-over-year to 6,455—a 15.8 per cent increase over the 10-year average. Total active listings on the MLS reached 14,546, up 37.9 per cent compared to March 2024 and 44.9 per cent above the seasonal average. “If we can set aside the political and economic uncertainty tied to the new U.S. administration for a moment, buyers in Metro Vancouver haven’t seen market conditions this favourable in years,” said Andrew Lis, GVR’s director of economics and data analytics. “Prices have eased from recent highs, mortgage rates are among the lowest we’ve seen in years, and there are more active listings on the MLS than we’ve seen in almost a decade.” Read More
