May 2022 Newsletter

We are seeing climbing interest rates, inflation and buyer fatigue. What is in store for pricing? Well here is one forecast from the Royal Bank of Canada of a 3.8% dip.

Our featured listing is 25414 72nd Ave. Here we have a 6 plus acre property just east of Fort Langley. No curtains needed here. This is a very private acreage.

Our Facebook live event talks about market statistics, mortgage rates and what is happening in Langley. Always an interesting time.

Thank you to David and Josee. It was enjoyable working for you again. It is always nice to see past clients again.

Our Langley Market Report is showing detached home prices are up 32.7% from last year with listings up by 7.09% and sales volume down by 48.6% 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.

The annual Applewood Valley GranFondo is opening up for riders. Volunteers are needed. So get your bikes out or put your name forward to volunteer.

Rita Cousins Mortgage Broker has that difficult discussion of divorce, separation and real estate. How can you split your equity without selling?

In the News, The return to a more traditional pace of home sales over the last two months provides homebuyers more time to make decisions, secure financing and perform other due diligence such as home inspections.

Well, that’s it for this month. Want to talk Real Estate? 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.