Updates

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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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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Temporary Development Freeze Along SkyTrain Route – In the News: CBC

TEMPORARY DEVELOPMENT FREEZE ALONG FRASER HWY IN THE NEWS: cbc Surrey councillor calls for temporary development freeze along new SkyTrain route Brenda Locke says council first needs to figure out what projects will best support the transit expansion CBC News | Belle Puri April 04, 2019 … Realtor Joe Varing of Varing Marketing Group specializes in…

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Real Estate Recap: Feb. 2019

REAL ESTATE RECAP FEBRUARY 2019 This year has been off to an eventful start. Here’s a quick summary of some of the hot topics in real estate that might affect you in the coming months! Translink releases new Skytrain plans Now that Surrey’s Mayor Doug McCallum has gained majority support in swapping the proposed LRT…

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Interest Rate Remains Unchanged

INTEREST RATE REMAINS UNCHANGED As many had predicted, the Bank of Canada has erred on the side of caution this morning and paused their plan of a gradual and consistent rate hike pattern. Several factors led to this slight change of course, primarily slumping oil prices and lagging retail spending. Although there was no talk…

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The Credit Cycle’s Impact on Real Estate Prices

THE CREDIT CYCLE’S IMPACT ON REAL ESTATE PRICES There are many factors that impact real estate prices, but ultimately, it comes down to liquidity and ease of access to attain funds. Money for down payments used to come from savings and income, but since the late ’80s, banks started extending more and more credit which…

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Annual Rent Increase Rate Reduced to 2.5%

ANNUAL RENT INCREASE RATE REDUCED TO 2.5% After many debates and push back against the prospect of a 4.5% rental rate increase for 2019, B.C.’s government has agreed to adjust the formula. Based on a proposal from the NDP’s Rental Housing Task Force, the new formula brings next year’s maximum rental rate increase to 2.5%.…

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Real Estate Recap: Sept. 2018

REAL ESTATE RECAP SEPTEMBER 2018 There’s been a few updates to real estate topics we’ve talked about in previous articles and we wanted to take the time to give a quick summary of some of the issues that may affect you. Fraser Valley Real Estate Board releases stats for AUGUST In a news release earlier…

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