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Posts by Varing Group

Real Estate Recap: August 2019

REAL ESTATE RECAP AUGUST 2019 FRASER VALLEY REAL ESTATE BOARD RELEASE – aUGUST 2019 Fraser Valley housing market continues to stabilize as sales pick up compared to last year SURREY, BC – For the second month in a row, home sales in the Fraser Valley surpassed 2018 levels bringing the market closer to historical norms.…

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Real Estate Recap: Mid-2019 Review

REAL ESTATE RECAP MID 2019 REVIEW After the perfect storm for a market correction unfolded in 2018, some much needed positive news in 2019 has generated cautious optimism in the real estate market. Here’s our take on the current state of the market from a development land perspective. cause and effect Through the first few…

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Mortgage Stress Tests Get a Little Easier

MORTGAGE STRESS TESTS GET A LITTLE EASIER Canadian’s get a slight break as the interest rate used for mortgage stress tests is cut for the first time since 2016. The mortgage qualifying rate had its first increase July 2017 and continued to increase until it was locked in at 5.34% in May 2018. The new…

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Why Buy Land? In the News: Canadian Real Estate Wealth Magazine

Canadian Real Estate Wealth Magazine July/August 2019

WHY BUY LAND? FEATURED: Canadian Real Estate Wealth Why Buy Land? Focusing on land – rather than the building on top of it. Canadian Real Estate Wealth Magazine July-August 2019 Issue Cash flow is great, but the land beneath an investment property will always be more valuable than whatever sits on top of it. So,…

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Real Estate Recap: April 2019

REAL ESTATE RECAP April 2019 Here’s a quick summary of current events affecting Fraser Valley real estate. Anniedale-Tynehead Clears Another Hurdle Last night, Surrey’s City Council approved a development application that will start servicing the large mass of undeveloped land in Anniedale-Tynehead. Port Kells residents packed City Hall and erupted in applause when it was…

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Invest in BC 2019 | Special Report – In the News: BC Business

INVEST IN BC 2019 IN THE NEWS: BCBusiness Invest in BC – 2019 Special Report Featured within the May 2019 issue of BCBusiness Magazine BCBusiness May 2019 Issue GRAVITATING TO THE VALLEY Notwithstanding these developments, the Lower Mainland’s hot spot for population and economic growth for the foreseeable future is widely considered to be the…

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‘Go long’ on Fraser Valley land buys – In the News: Western Investor

‘GO LONG’ ON FRASER VALLEY LAND BUYS IN THE NEWS: Western Investor ‘Go long’ on Fraser Valley land buys SkyTrain potential creates demand for high-density development in Surrey-Langley corridor Western Investor | Joe Varing April 30, 2019 Most investors who acquired future development land since 2015 were able to do quite well financially. But in the…

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Resolving the Lower Mainland Liveability Crisis – Western Investor

RESOLVING THE LOWER MAINLAND LIVEABILITY CRISIS WESTERN INVESTOR Bold moves needed now to resolve Lower Mainland livability crisis Projected population increases will keep land prices rising in the long term, so more radical action must be taken now Western Investor | Jock Finlayson, Ken Peacock – Business Council of British Columbia, Business in Vancouver April 22, 2019 It is…

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Real Estate Recap: March 2019

REAL ESTATE RECAP MARCH 2019 Here’s a quick summary of current events affecting Fraser Valley real estate. MOTION DEFEATED Surrey City Council defeated the motion tabled by Councillor Brenda Locke at the last council meeting to pause development activity along the Fraser Highway until further consultation has been completed. In support of the motion, Councillor…

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