May 2020 Newsletter
Andy Schildhorn • May 19, 2020
Hello and Welcome to our May Newsletter.
It’s been about 6 weeks of self-isolation. How are you doing? Together as a community we are all doing our part and starting to see results. Our economy is still on hold and we wonder what is in store for us. I am hearing we will have a quick rebound and on the other hand a deep collapse. I think you will find our Market update
well balanced and thought out.
Langley Infographic
is telling us pricing is unticking with sales volume down over 50%
For quite a while now I wanted to tell you about Langley Volunteers. If you are looking to help out, this is the place to go. They have some new tech which matches volunteer interests and skills to the right organization.
Rita Cousins mortgage broker talks about the need for an annual mortgage review. Always important. It's like a tuneup.
Irina Bartnik updates us about property tax deferment
if you are over 55 or have children this maybe for you.
In the News: Our numbers are good or should I say our lack of numbers. In the next week we can have social gatherings of up to 6 people. Some businesses will open. Please read for details.
Saying this we should start to see Buyers entering back into the market place. The market was strong before Covid 19 hit. I can see a bit of a surge in sales coming. There are not enough homes for sale. As always a plan is needed. Let’s talk and discuss.
So that’s it for this month. Stay Safe, Stay Home and Stay Sane.
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
