May 2022 Newsletter
Andy Schildhorn • May 20, 2022
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.
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.
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
