March 2020 Newsletter
Andy Schildhorn • March 13, 2020
Hello Everyone and Welcome to our March Newsletter
Good News for Home Buyers!!! The stress test rate is now floating. It will be marginally easier to qualify. Plus interest rates have dropped by 50 basis points. This should bring more affordability
into the marketplace.
Colleen and Mike Boivin
were a great couple to work with. We were like glue until we found their new home. Their needs were very specific. Thank you for your testimonial.
We are excited to announce our Jazz in the Vine contest. There will be four sets of tickets to be won over the next few months. Who are you going to take? Click on the link
for details.
Our February Langley infographic
says we are generally in a Seller’s market with prices slightly up. Listings are still down. Maybe the warmer weather will bring out more homes for sale.
This month’s featured listing is 9582 214A Street. A wonderful family home in Walnut Grove backing onto Greenspace. What a great place to start a family.
Rita Cousins, Mortgage Broker gives a prep talk on financially preparing before purchasing. Making sure everything is in order.
Irina Bartnik, Notary Public, asks the question? - Joint Tenants or Tenants in Common? Which one for you? Read more.
Which home design trends are coming up for 2020. We have the answer.
Do not forget our contest. Jazz in the Vine will be lots of fun. On the serious side, call or email if you have any real estate questions. I am always available to answer them.
Thanks for dropping by, have a great day and I look forward to hearing from 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
