August 2022 Newsletter

Uncharted territory: What does rising interest rates mean for home-buyers. It is a whole new market out there

In this month’s Facebook Live we went into depth on our changing market. Took a look at our market statistics and discussed how affordability is changing.

Michael and Pearl Berry were very interesting clients who brought a whole new perspective on how to sell a home. I appreciated their insights. All the best to you both.

Our Langley Market Report is showing detached home prices are up 16.2% from last year with listings down by 123.6% and sales volume down by 52.0% year over year. The same could be said for Condos and Townhomes in the Langley area. I should add pricing is down by about 8% from last month July of this year.

The Fort Gallery is presenting a summer art auction fundraiser. This local Fort Langley Gallery, a mainstay in the Village, supports local artists with public outreach and education.

Rita Cousins Mortgage Broker explains some of the terminology when buying a home.

CMHC has come out with a report that government fees impact the cost of new home construction by up to 24%

Well, that’s it for this month. Want to talk Real Estate? Let my 25 plus years help guide you through these changing market conditions? Text, Email or Call and we can set up a time to discuss your plans.

Thanks for dropping by, have a great day and I look forward to meeting you soon.