June 2022 Newsletter
Andy Schildhorn • June 17, 2022
HELLO EVERYONE AND WELCOME TO OUR JUNE NEWSLETTER!
The regulator for British Columbia's real estate sector has recommended that the province adopt a so-called "cooling-off" period
of three business days. How this will work is still unknown? How does this protect Seller remains to be seen?
Attention Willoughby first-time home buyers or Investors. Located in sought-after Yorkson Creek, check out #353 8328 207A St. It is very well priced.
This month’s Facebook live session went into depth on our changing market, market statistics, mortgage rates and what is happening in Langley. Always an interesting time.
Repeat clientele are always appreciated. Especially when it is inter-generational. Thank you Margaret and Selena.
Our Langley Market Report
is showing detached home prices are up 25.7% from last year with listings up by 30.7% and sales volume down by 50.8% year over year. The same could be said for Condos and Townhomes in the Langley area. It is still very much a Seller’s market out there.
Langley City is having its Community Day this Sunday June 18, Father’s Day. Lots of activities for the whole family. See you there.
Rita Cousins Mortgage Broker talks about the four steps to home ownership?
In the News, we have a piece discussing sales dropping over 50%. Perhaps a buying opportunity is presenting itself.
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
