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Wed, 26 Nov 2025 19:26:00 GMT

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Sat, 22 Apr 2023 05:28:59 GMT

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Wed, 01 Feb 2023 21:22:17 GMT

This is a new home for sale in Vancouver

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Tue, 31 Jan 2023 20:40:55 GMT

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Fri, 27 Jan 2023 22:32:04 GMT

As the calendar turned to 2023, real estate in British Columbia became a lot more complicated. Having dealt with a City of Vancouver Empty Homes Tax, the provincial Speculation and Vacancy Tax and a provincial foreign buyer’s tax, we were given the gift of a provincial 3 Day Home Buyer Rescission Period, a two-year ban on foreign buyers across Canada and a national Underused Homes Tax – essentially a Canada wide empty homes tax for foreign owned properties. If your new years resolution was more government regulation, you got it! While all these policies really just attack the demand side of the home buying equation, we started the year yet again with an extremely low level of active listings, and so far that’s not changing. While sales are slow to start the year, we are only two weeks in and rescission or not, buyers are out shopping. Will they find more homes stocked on the shelves as we move through the first part of 2023, that remains an important question.

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Thu, 26 Jan 2023 16:28:18 GMT

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Fraser Valley real estate market 2022 – highs, lows, and a return to balance

Mon, 16 Jan 2023 20:11:12 GMT

SURREY, BC – In a year that saw prices peak early on, feeding off the momentum of record-breaking sales in 2021, the Fraser Valley real estate market came back down to earth by the close of 2022, due largely to interest rate increases designed to stave off inflation.

The Fraser Valley Real Estate Board processed 716 sales in December 2022, down 60.4 per cent from the previous year—the lowest December sales in a decade. The year closed with 15,273 total sales, just over half of 2021's record 27,692.

With a sales-to-active listings ratio of 18 per cent, the market ended the year in balanced territory (between 12-20 per cent is considered balanced).

"As the market has adjusted to rate hikes, we're starting to see a resumption of interest among the public," said Sandra Benz, President of the Fraser Valley Real Estate Board. "We expect activity to pick up in the coming months as this pent up supply and demand starts to emerge."

Under more stable conditions, there will be strong opportunities for well-priced, well-positioned properties across all categories.

Home prices peaked in March of this year, with the Benchmark price for a detached house hitting a record $1,776,700 before closing out the year at $1,377,200. The composite Benchmark price (all property types combined) finished the year under one million at $955,700.

"If the real estate market has shown us anything this year, it's that we must be prepared to adjust and adapt to uncertainty," said Board CEO Baldev Gill. "Only a professional REALTOR® can provide the detailed analysis and intimate knowledge required to ensure a decision to buy or sell is made with clients' best interests in mind."

In December, the average days to sell were 42 for detached homes, 39 for townhomes, and 33 for apartments—two to three times slower than a year ago.

MLS® HPI Benchmark Price Activity

Single Family Detached: $1,377,200 (down 2.0% from November 2022, down 11.3% from December 2021)
Townhomes: $787,300 (down 1.5% from November 2022, down 1.6% from December 2021)
Apartments: $504,800 (down 2.6% from November 2022, down 0.4% from December 2021)

If you're considering a move in the Fraser Valley or have been watching the market with uncertainty, you're not alone. The shifts we've seen this past year have left many buyers and sellers wondering what comes next—and that's completely understandable.

What matters most is that you don't have to navigate this alone. Whether you're thinking about downsizing, relocating, or making your first purchase, having someone who understands both the market and the human side of these decisions can make all the difference.

Real estate decisions are rarely just about numbers and timing. They're about life transitions, about creating space for what matters, about feeling confident in your next chapter. And those decisions deserve thoughtful guidance, not pressure.

If you'd like to talk through your options or simply have questions about what this market means for you, I'm always happy to chat. No pressure. No hard sales. Just honest conversations and thoughtful planning tailored to where you are in life.

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Fri, 13 Jan 2023 20:22:16 GMT

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Thu, 29 Dec 2022 08:04:47 GMT

Welcome to Azura I - This spacious 724 sq.ft. 1 Bedroom & Den corner suite offers an open kitchen with breakfast bar, granite counters & steel appliances with gas range. Living space includes separate dining area, tons of windows andbeautiful dark hardwood throughout. This desirable Concord built complex boasts Club Viva, which arguably offers the best amenities in Vancouver: huge indoor pool & hot tub, incredible air conditioned gym, 2 squash courts, saunas, party rooms and 2 movie theatres! 24 hour concierge service. This home also has a large in-suite storage room, in-suite laundry & a secure U/G parking spot. Pets & Rentals allowed. Don't miss this!

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Thu, 29 Dec 2022 06:48:56 GMT

Housing prices remain soft, sales flat, throughout the Fraser Valley

SURREY, BC — Fraser Valley housing market sales for October remained relatively unchanged from last month as prices dipped slightly across all categories.

In October, the Fraser Valley Real Estate Board (FVREB) processed 901 sales on its Multiple Listing Service® (MLS®), an increase of 0.4 per cent compared to last month and a 53.5 per cent decrease compared to this time last year.

The Board received 2,186 new listings in October, a decrease of 3.8 per cent compared to September, and on par with October 2021. The month ended with a total active inventory of 5,642, a decrease of 2.8 per cent from last month but up 63.7 per cent compared to October 2021.

With a sales-to-active listings ratio of 16 per cent, the overall market was again balanced for the fifth straight month after a prolonged sellers’ market earlier in the year. (The market is considered balanced when the sales-to-active listings ratio is between 12 per cent and 20 per cent.)

“These trends suggest that the market is looking to re-establish equilibrium in the wake of last year’s intense activity and in the face of continued interest rate pressures,” said Sandra Benz, President of the Fraser Valley Real Estate Board. “With sales continuing to lag and new inventory slow to come onstream, we’re seeing a holding pattern regarding whether to buy or list a property and expect this to continue through to year-end.”

Prices continued to soften, with month-over-month Benchmark prices down slightly across all property categories. For detached homes, prices are on par with October 2021 levels, while townhomes and apartments are up 7.7 per cent and 11.5 per cent, respectively, over 2021.

“With interest rates at their highest levels since 2006, it’s understandable that buyers and sellers are hesitant,” said Board CEO Baldev Gill. “Accordingly, they look to Fraser Valley REALTORS® for area knowledge and market expertise and analysis before making such a significant investment decision.”

The average number of days spent on the market before selling was relatively unchanged for detached homes and apartments compared to last month (34 days and 31 days, respectively). Townhomes moved more quickly at 27 days (compared to 32 days in September).

MLS® HPI Benchmark Price Activity

Single Family Detached: At $1,436,400, the Benchmark price for an FVREB single-family detached home decreased 1.8 per cent compared to September 2022 and decreased 0.8 per cent compared to October 2021.
Townhomes: At $809,800, the Benchmark price for an FVREB townhome decreased 1.5 per cent compared to September 2022 and increased 7.7 per cent compared to October 2021.
Apartments: At $527,900 the Benchmark price for an FVREB apartment/condo decreased 0.5 per cent compared to September 2022 and increased 11.5 per cent compared to October 2021.

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Mon, 26 Dec 2022 03:12:00 GMT

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Company	Contact	Country
Alfreds Futterkiste	Maria Anders	Germany
Centro comercial Moctezuma	Francisco Chang	Mexico
Ernst Handel	Roland Mendel	Austria
Island Trading	Helen Bennett	UK
Laughing Bacchus Winecellars	Yoshi Tannamuri	Canada
Magazzini Alimentari Riuniti	Giovanni Rovelli	Italy

Company	Contact	Country
Alfreds Futterkiste	Maria Anders	Germany
Centro comercial Moctezuma	Francisco Chang	Mexico
Ernst Handel	Roland Mendel	Austria
Island Trading	Helen Bennett	UK
Laughing Bacchus Winecellars	Yoshi Tannamuri	Canada
Magazzini Alimentari Riuniti	Giovanni Rovelli	Italy

Company	Contact	Country
Alfreds Futterkiste	Maria Anders	Germany
Centro comercial Moctezuma	Francisco Chang	Mexico
Ernst Handel	Roland Mendel	Austria
Island Trading	Helen Bennett	UK
Laughing Bacchus Winecellars	Yoshi Tannamuri	Canada
Magazzini Alimentari Riuniti	Giovanni Rovelli	Italy

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Wed, 30 Nov 2022 18:30:43 GMT

Putting a short fuse on an offer can be a good way of holding a seller’s feet to the fire. But it can also result in pushback. No one likes being pressured. Sellers and buyers alike have enough stress just deciding whether or not they want to sell or buy. Adding time pressure adds to that stress, which may result in your client not getting what they want.

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Recently, a managing broker asked me if a seller could require, by way of a Schedule A clause to the listing, a buyer to leave their offer open for at least 12 hours to give the seller time to before making a decision. The request is fair enough—and it’s a nice idea. Hello hello. But it has to be test test test. Hello. understood to be a seller’s suggestion—a preference only; it shouldn’t be considered to be an edict.

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In the same way that a seller’s agent cannot require a buyer’s agent to “email their offer” (although many do), a seller can’t require a buyer to leave their offer open for acceptance for a specific time period. But a seller can ask for this consideration with a comment in the remarks. For example, the seller might write, “Seller would appreciate buyer’s offers being left open for consideration for at least 12 hours,” or words to that effect. An experienced buyer agent would pick up on this. Granting a seller’s preference may have a positive outcome by putting the seller in the best frame of mind when it comes time to consider an offer.

In the same way that a seller’s agent cannot require a buyer’s agent to “email their offer” (although many do), a seller can’t require a buyer to leave their offer open for acceptance for a specific time period. But a seller can ask for this consideration with a comment in the remarks. Aenean vel elit scelerisque mauris pellentesque pulvinar. Sagittis purus sit amet volutpat consequat mauris nunc congue. Commodo quis imperdiet massa tincidunt nunc pulvinar sapien et. Donec enim diam vulputate ut pharetra...

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Tue, 29 Nov 2022 22:34:28 GMT

As a reminder, we have a limited time $5,000 bonus on top of your standard 3.225% and 1.1625% commission as well as a limited-time offer for your clients of one year of free strata! As a new homeowner, there's enough to think about in the first year - and we want to make it as worry free as possible!

Take advantage of these limited-time offers by clicking here and booking your appointment today.

As a reminder, we have a limited time $5,000 bonus on top of your standard 3.225% and 1.1625% commission as well as a limited-time offer for your clients of one year of free strata! As a new homeowner, there's enough to think about in the first year - and we want to make it as worry free as possible!

Take advantage of these limited-time offers by clicking here and booking your appointment today.

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Recently, a managing broker asked me if a seller could require, by way of a Schedule A clause to the listing, a buyer to leave their offer open for at least 12 hours to give the seller time to before making a decision. The request is fair enough—and it’s a nice idea. But it has to be understood to be a seller’s suggestion—a preference only; it shouldn’t be considered to be an edict.

There are many strategies we can use in the hope they’ll result in a client achieving their desired outcome. Examples are listing low to get multiple offers, and listing high to see how things go. Or delaying offer presentations to manage a potential multiple-offer circus. Or delaying showings to accommodate painting the property or to help a tenant. As the managing broker suggested to me, asking a buyer’s agent to leave their offers open for a reasonable time so the seller doesn’t feel pressured may ease the way to a deal. Each strategy has its time and place.

"We weren’t hired to pick a fight. We were hired to get our clients to a particular destination."- Kim Spencer

When explaining possible strategies to your clients, remember to explain both the benefits and the costs of each. For example, in the case of being asked to keep an offer open, you might say to your client, “The seller has asked us to leave our offer open until noon tomorrow. They don’t want to be pressured. Granting their wish will put them in a good frame of mind, so why don’t we do it? The risk is that another buyer could barge in with a shorter-fused offer before noon, which the seller may want to deal with. In that case, we’d be notified there’s another offer.[Rule 4.04]. What do you want to do?”

If the buyer in this case responds with, “I don’t care. Let’s put the heat on them. Put in the offer,” you have to follow this instruction, despite the potential stress it could cause the other parties.

Whatever your strategy, remember that it’s a choice. It may produce the result your client wants—or doesn’t want. But give some consideration to your colleague on the other side of what you hope will be a deal. We weren’t hired to pick a fight. We were hired to get our clients to a particular destination. A little give and take with a side order of reasonableness is better than a manufactured situation that may leave everyone—clients and colleagues alike—stressed and chirpy. And they’re likely to remember that the next time they do business with you. .

We’re in the cooperation business. If you don’t have to, why make other people’s lives more difficult that they need to be?

Top tip: Reciprocity advertising and social media

REALTOR® Code Article 14 (Advertising Listings of Other Members) and Rules of Cooperation Rule 8.03 complement each other, with 8.03 providing an exception for reciprocity advertising of other members’ listings.

Article 14 says you can’t advertise other members’ listing without consent. Rule 8.03 carves out a space for reciprocity advertising. And Rule 8.12 provides the nitty-gritty details of what the reciprocity advertising and display requirements are all about.

Without going into a lot of detail, here’s what it all means. Your brokerage “owns” all the listings in your office. Why? Because your brokerage is a party to listing contracts, along with the seller. When XYZ brokerage signs a reciprocity agreement with the Board, it’s giving advance consent to members from other brokerages to advertise XYZ’s listings, and vice versa. Translated, the rule says, “You can advertise my listings and I can advertise yours, subject to Rule 8.12, without having to ask permission each time.”

Most REBGV brokerages have signed reciprocity agreements with the Board. Some members take this to mean they can advertise other members’ listings wherever they like. This is incorrect. Reciprocity advertising is permitted only on websites owned and controlled by the brokerage or member. This means advertising other members’ listings on social media, in flyers, on craigslist, and through other advertising sites without their specific consent is not allowed.

We can’t be everywhere at once, breathing down members’ necks to audit where they advertise. Hence, this Top Tip reminder.

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Fri, 08 Jul 2022 19:48:34 GMT

Test

Thu, 12 May 2022 16:52:02 GMT

My Blog Post EDITED

Tue, 28 Dec 2021 20:15:04 GMT

something to post here I am editing the post.

Blog test with a long title that can wrap around more than one line which can be problematic sometimes especially if it becomes too tall after it uses more than 1 line

Tue, 02 Nov 2021 17:29:46 GMT

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Thu, 24 Sep 2020 18:15:49 GMT

Testing image

101 test

Wed, 13 May 2020 16:57:27 GMT

Foo Bar

10 things you should know before renting an apartment - edited

Mon, 30 Apr 2018 12:49:10 GMT

All you need to know before renting an apartment

Hello

Thu, 12 Apr 2012 20:06:00 GMT

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