August 2020 Newsletter
Andy Schildhorn • August 18, 2020
Hello and Welcome to our August Newsletter.
Well it looks like buyers are escaping the virus by purchasing recreational property.
Okanagan and Shuswap sales numbers are up.
Is it our great weather or is it Covid?
Our featured listing this month is 8025 Glover Rd, Fort Langley. Situated on 5.6 acres this 7,500sq.ft home has lots to offer.
Minutes to Trinity Western, Easy Access to the Freeway and of course Fort Langley just down the hill.
Our Langley infographic is telling us prices are still climbing with listings down and sales volume up.
It is a Seller’s market here in Langley.
As a proud supporter of the Fort Langley Jazz Festival, I am happy to tell you this September long weekend we will be putting on our 3rd annual festival. It will be digital with lots of great music for your listening pleasure. A lot of quality acts are to be showcased. Check it out.
Many many, many years ago I met Bruce and Jane at an Open House. We always kept in contact. I worked with many of their family members and now finally I was able to help them successfully downsize. Thank you and I appreciate the opportunity to be part of your lives.
Rita Cousins Mortgage Broker, is making available a Mortgage Planner mobile app to help eliminate the stress of getting a mortgage.
Irina Bartnik, Notary Public explains - what is a statement of adjustments?
Staycation 2020: Beautiful BC has so much to offer from mountains and lakes to oceans and islands. We have it all and this is the year to enjoy it. Some great deals out there and fewer tourists.
Well that is it for this month. Before I go, just want to say thanks for dropping by, have a great day and I look forward to hearing
from you soon.
Is it our great weather or is it Covid?
Our featured listing this month is 8025 Glover Rd, Fort Langley. Situated on 5.6 acres this 7,500sq.ft home has lots to offer.
Minutes to Trinity Western, Easy Access to the Freeway and of course Fort Langley just down the hill.
Our Langley infographic is telling us prices are still climbing with listings down and sales volume up.
It is a Seller’s market here in Langley.
As a proud supporter of the Fort Langley Jazz Festival, I am happy to tell you this September long weekend we will be putting on our 3rd annual festival. It will be digital with lots of great music for your listening pleasure. A lot of quality acts are to be showcased. Check it out.
Many many, many years ago I met Bruce and Jane at an Open House. We always kept in contact. I worked with many of their family members and now finally I was able to help them successfully downsize. Thank you and I appreciate the opportunity to be part of your lives.
Rita Cousins Mortgage Broker, is making available a Mortgage Planner mobile app to help eliminate the stress of getting a mortgage.
Irina Bartnik, Notary Public explains - what is a statement of adjustments?
Staycation 2020: Beautiful BC has so much to offer from mountains and lakes to oceans and islands. We have it all and this is the year to enjoy it. Some great deals out there and fewer tourists.
Fall is around the corner which usually means an increase of real estate activity however who knows in this pandemic environment. What I do know, is not only a plan needed – the knowledge and experience in executing that plan is vital to success.
Feel free to reach out and we can discuss your real estate plans.
Feel free to reach out and we can discuss your real estate plans.
Well that is it for this month. Before I go, just want to say thanks for dropping by, have a great day and I look forward to hearing
from you soon.
Holiday magic is happening all across the Fraser Valley this season. From tree lighting ceremonies and festive markets to concerts, parades, and family-friendly celebrations, there's no shortage of ways to embrace the spirit of the season. 👉 Guide Here
The Bank of Canada today held its target for the overnight rate at 2.25%, with the Bank Rate at 2.5% and the deposit rate at 2.20%. Major economies around the world continue to show resilience to US trade protectionism, but uncertainty is still high. In the United States, economic growth is being supported by strong consumption and a surge in AI investment. The US government shutdown caused volatility in quarterly growth and delayed the release of some key economic data. Tariffs are causing some upward pressure on US inflation. In the euro area, economic growth has been stronger than expected, with the services sector showing particular resilience. In China, soft domestic demand, including more weakness in the housing market, is weighing on growth. Global financial conditions, oil prices, and the Canadian dollar are all roughly unchanged since the Bank’s October Monetary Policy Report (MPR). 👉 Read the Article Here 
Every January in BC, BC Assessment sends its valuations to property owners. These letters form the basis of property tax values on real estate across the province. They are based on many factors, but sometimes the assessed value may come as a shock to you. If this is the case, and you feel the assessment is incorrect, you can file an appeal. Why your BC Assessment value may not be what you expect. To help equip yourself for the best chance of success during an appeal, it’s best to review some reasons why your assessed value may not be what you expected. BC Assessment bases its valuations on the following factors: The location of the property. That is, how desirable is the place it’s located? The size of the property. Is it a tiny house or a multi-room mansion? The size of the lot. Is it a small lot, or a massive multi-acre estate? View from the home. A mountain view is worth more than a line of dumpsters. The property age. Is it newly built or an outdated structure? It could also be historically valuable. Home add-ons such as carports, garages and decks. The sales’ prices from similar homes in your area. In essence, that means that surrounding properties can have an impact on your property value, in addition to your own property. For example, if all your neighbours improve their properties by renovating their homes, upgrading landscaping and similar efforts, this could increase your assessed value as a knock-on effect. In situations like this, filing an appeal to show that you didn’t undertake similar efforts could help your appeal succeed. 👉 Read the Article Here
