Keep Up To Speed with Sale Prices in Your Neighbourhood! As we head into autumn, not much is changing in the world of real estate, at least not in the Fraser Valley when it comes to sales activity. 2024 has seen some of the slowest months for total sales numbers over a 10 year span and September was no different.With 873 residential sales in September 2024, we saw the same trend we have ... Read more →
Selling your home quickly and at the right price takes more than just listing it online. To draw in potential buyers and secure top offers, your home needs to stand out. That’s where home staging comes in. By strategically preparing your home—through redecorating, repairing, and making it look its best—you can make a lasting impression and significantly increase its app... Read more →
September 19, 2024 Keep Up To Speed with Sale Prices in Your Neighbourhood! WHOOPS! I Sent the newsletter yesterday, but it was August's newsletter again. Here is the new one for this month!August is typically a quieter month for our local real estate market, and this year was no exception. With only 942 sales across all residential property types, August 2024 recorded the second fewest ... Read more →
A recent survey found that 25% of Canadian homeowners have a renovation project planned in the coming year.1 If you’re among them, you know that embarking on home improvements can be both exciting and daunting. According to home services platform HomeStars, the national median renovation budget is around $12,000, so you're probably investing a significant amount—and you'll wa... Read more →
Check out what is happening in our market for August 2024 Keep Up To Speed with Sale Prices in Your Neighbourhood! Another month has come and gone, and just like that, we are eight months into 2024. Yet, we continue to see the same trends in the real estate market that have persisted all year. Slower-than-average sales and higher-than-average new listings remain the norm, and July 2024 w... Read more →
Top 4 Factors to Consider When Choosing Your Mortgage With home prices and rates still relatively high, securing a mortgage can feel daunting––even to the most experienced borrowers. But don't let that deter you: If other homebuyers’ experiences are any indication, odds are you'll eventually find a home loan that works well for you. In fact, research from the Real Estat... Read more →
*|MC_PREVIEW_TEXT|* July 2024Fraser Valley Real Estate Update July 8, 2024 Keep Up To Speed with Sale Prices in Your Neighbourhood! Despite the recent drop of 0.25% to Canada’s Overnight Interest Rate, sales remain slow, and prices actually dropped over the month of June, albeit by a fraction of a percent. With many forecasts claiming that a rate drop would stimulate the real estat... Read more →
Whether you’re putting your home on the market in a few weeks or a few years, strategic upgrades can make all the difference. But you don't have to embark on a major remodel to make a significant improvement. Even minor updates can have a big impact on your home’s aesthetic, and certain renovations can even boost its future sale price. From curb appeal to interior updates, he... Read more →
*|MC_PREVIEW_TEXT|* June 2024 Fraser Valley Real Estate Update June 11, 2024 Keep Up To Speed with Sale Prices in Your Neighbourhood! Interest rates have finally dropped for the first time in a few years, but will it be enough to stimulate the slow market? That remains to be seen. We'll have a better idea if the rate drop is causing more buyers to re-enter the market as the month progres... Read more →
What Buyers and Sellers Need to Know Once again, the number one story in real estate this summer is mortgage rates. But unlike last year, when a surprise series of rate hikes from the Bank of Canada sent skittish buyers back to the sidelines, all signs now point to the opposite scenario. Instead of market-chilling rate hikes, economists now expect market-quickening rate cuts—which ... Read more →
May 2024 Fraser Valley Real Estate Update May 17, 2024 Keep Up To Speed with Sale Prices in Your Neighbourhood! *|FNAME|*, “I feel more comfortable hiring a professional who has been recommended to me,” said just about everyone who’s ever looked for a good accountant, dentist, lawn care company, contractor – you name it. I suspect that’s no surprise to you. ... Read more →
From Finding a House to Feeling at Home May is “Moving Month,” as designated by the Better Business Bureau and Canadian Association of Movers.1 It also happens to kick off the peak moving season, which generally runs from May through September.2 According to a survey by Statistics Canada, respondents listed their top motivations for moving as “bigger or better housing&r... Read more →
From extreme cold to wildfires and floods, the past few years have brought a historic number of devastating climate and weather events to Canada. In 2023 alone, unusually harsh weather and a string of natural disasters caused more than $3.1 billion in insured damages, according to the Insurance Bureau of Canada, making it the fourth most expensive weather year on record.1 These events de... Read more →
A Homeowner’s Guide Homeownership offers many advantages over renting, including a stable living environment, predictable monthly payments, and the freedom to make modifications. Neighborhoods with high rates of homeownership have less crime and more civic engagement. Additionally, studies show that homeowners are happier and healthier than renters, and their children do better in ... Read more →
How to Choose the Ideal Smaller Home When you've lived somewhere for many years, it can be tough to say goodbye. But if you (or a loved one) currently have a home that is bigger than necessary or is too high maintenance, it may be time to trade unused square footage for a smaller, more manageable space. Take it from the downsizers who’ve been there: Although living small might requ... Read more →
February 2024 Fraser Valley Real Estate Update February 8, 2024 Keep Up To Speed with Sale Prices in Your Neighbourhood! January 2024, much like January 2023, saw a change in direction with sales, new listings, and (some) prices all increasing for the first time in 6 months. While the amount of sales and price change was not significant, the direction things are going is likely pointing ... Read more →
One of the best parts of owning a home is the freedom to make it truly your own with design choices that reflect your personality and lifestyle. Whether you lean toward contemporary design or a farmhouse aesthetic, your home is your canvas. Even so, it’s always smart to think about the long-term impact those decisions might have on your home’s value. Choosing over-personalize... Read more →
*|MC_PREVIEW_TEXT|* January 2024 Fraser Valley Real Estate Update January 9, 2024 Keep Up To Speed with Sale Prices in Your Neighbourhood! 2023 saw the lowest number of sales recorded in the Fraser Valley over the last 10 years. This is almost entirely due to the high interest rates we have been dealing with since they started to increase back in March of 2022.With only 14,713 sales reco... Read more →
Real Estate Market Forecast: Opportunities for Home Buyers and Sellers in 2024 01Jan2024by Kevan Lewis Home buyers surprised everyone last spring when they shook off higher borrowing costs and showed up to new home sales in droves. The surge in competition for a still-limited pool of properties helped home prices pop and renewed sellers’ confidence in their ability to get top dolla... Read more →
Keep Up To Speed with Sale Prices in Your Neighbourhood! Numbers are trending as we would expect heading into the winter months, with slowing sales and fewer new listings. While the direction these numbers are going is expected, we are still seeing much lower than average numbers for November than we would see in a more typical year, but as we know, the market has been on the slow side s... Read more →
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Kevan Lewis and HomeLife Benchmark Titus Realty are leaders in the real estate community with a reputation for integrity, dedication and as equally important, we are known for achieving results. Our professional, motivated and trustworthy Team Members are committed to delivering quality service for both buyers and sellers. From the very start of your search to the day of your sale, whether it is a condo, townhouse, cottage, farm, or commercial property that you are looking to buy or sell, we are here to help you with real estate choices.
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