Updates

2017 2017 was another record-breaking year in terms of sales volume, as well as price. After the Foreign Buyers Tax, implemented in August 2016, caused only short-term relief, investors and home buyers continued their buying spree through the first half of 2017. With the Canadian Economy growing at a torrid pace, the Bank of Canada…

After an amazing reception of our last magazine, there was some anticipation and inquiries as to when this year’s issue was going to be released. Well…it’s here and we couldn’t be more proud of the result! We had the pleasure of working with some key players in the world of Fraser Valley land development to…

After a long period of uncertainty surrounding the policies of the newly appointed NDP Provincial Government, the 2018 budget has finally been released. Here are what we believe to be the most significant changes pertaining to real estate. #1:  TAXING SPECULATORS WHO ARE DRIVING UP HOUSING COSTS People, including many non-residents, are speculating in B.C.’s housing…

After reviewing economic data and the effects of last year’s interest rate hikes, The Bank of Canada has decided to raise its key interest rate to 1.25% as of Wednesday, January 17th. Up a quarter of a percentage point from 1%, this hike is now the highest the rate has been since 2009. Many were…

We spoke to Don Luymes from the city planning department of Surrey to get an insider’s insight into the goals for the city’s future. IN GENERAL, WHAT DOES THE JOB OF A CITY PLANNER ENTAIL? City planners in Surrey provide the best advice possible to City Council on all aspects of community planning and development…

BROOKSWOOD APPROVES NEW COMMUNITY PLAN As of October 23rd, 2017, Council has adopted the revised Brookswood-Fernridge Community Plan after it passed 3rd reading. The residents have been heavily involved in the creation/reviewing process since the Council initiated the planning process in 2016. With a finalized community plan in place, more certainty is created for developers…

Interest Rates What does it mean for you? The hot topic of Canada’s new interest rates has been stirring some questions for many Canadians. When a change like this takes place, its effects trickle down to nearly everyone. The question we at Varing and many others are wondering is; “how does this affect the real…