Blog Post

June 2020 Newsletter

Andy Schildhorn • June 15, 2020

Hello and Welcome to our June Newsletter.

Summer is approaching and we are all coming out of COVID hibernation. It's wonderful, we are getting slowly back to normal however it is still advised to be cautious and maintain our 6’ protocols.

Our Market Update states Mortgage rates are at an all-time low. Money might be cheap however Buyers are cautious about economic uncertainty.

Our Featured Listing is 20931 45A Avenue located in the Langley Uplands. This home boasts a 12,000sq.ft lot with plenty of room to raise your family. A bit of a treasure.

Our Langley Infographic shows us pricing still went up last month with sales volume low. Again this is brought about due to a lack of inventory.

Every Saturday morning our family heads over to the Fort Langley Farmer’s Market. Lots of local fresh farm produce. Right now a special treat are the live spotted prawns.

Rita Cousins, Mortgage Broker talks about the 20% down payment requirements and how this affects insured and non-insured Buyers

Irina Bartnik Notary Public, asks the question. Do you know you may be able to defer your Property Taxes this year?

Lastly and just recently announced, CMHC has new restrictions for insured buyers. This could lower purchasing power by up to 11%. Interestingly Genworth and Canada Guaranty, the two other home insurers, will not adopt these new rules.

Well, that is it for this month. In all this confusion and uncertainty, real estate is recovering. Plans which were put on hold are now becoming a reality. As always I welcome your call to put your plans into reality.

Thanks for dropping by, Have a Great Day and I look forward to hearing from you soon!

< Older Post Newer Post >