December 2019 Newsletter
December 18, 2019
Hello Everyone and Welcome to our December Newsletter
Well, it looks like the B.C. housing market is recovering quicker than anticipated.
Interesting report from Centra1. Inventory is low and there is a lot of pent up demand.
Jeff and Stefani Hacker
are our best success stories for this year. We made it and now they are in their dream home. Thank you for your testimonial
Rita Cousins Mortgage Broker gives us a report from Stats Canada
about how each generation has their own struggles to purchase their home
Irina Bartnik Notary Public suggests a New Year’s resolution. Prepare or update your will. Only 51% of British Columbians have one.
Our latest Langley Infographic
shows pricing still down however sale volumes are definitely on the move up.
Winter is here and we have some heating tips. Take a read and save some money for those Christmas Gifts.
In closing, I extend from my Family to yours a very merry Christmas and more importantly a healthy, prosperous and peaceful New Year.
Thanks for dropping by, have a great day and I look forward to hearing from you in 2020
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
