Updates
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…
Read MoreMortgage 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…
Read MoreWhy Buy Land? In the News: Canadian Real Estate Wealth Magazine
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,…
Read MoreReal 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…
Read MoreInvest 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…
Read MoreResolving 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…
Read MoreReal 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…
Read MoreTemporary 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…
Read MoreReal 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…
Read MoreInterest 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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