February 2022 Newsletter
Andy Schildhorn • February 19, 2022
Hello, it is Andy Schildhorn Macdonald Realty and welcome, to our February 2022 Newsletter.
I have the stats. Click onto our recorded Facebook live session and see where our local real estate market is going.
Hendrik called when it was time to give up the family home. With input and participation from all family members it was a time to remember and then move on, to a new phase of life. Thank you for letting me be part of this family event.
Our Langley Market Report is showing detached home prices are up 41.1% from last year with listings down by 36.8% and sales volume also down by 8.7% year over year. The same could be said for Condos and Townhomes in the Langley area. It is a Seller’s market out there.
The Odlum Brown Fort Langley Jazz and Art Festival announced applications are now being accepted for their 2022 Rising Star Jazz Musician Award.
Rita Cousins Mortgage Broker discusses the difference between fixed and variable mortgage rates.
Looking to buy your first home? Irina Bartnik Notary Public, gives us the lowdown on Property Transfer Tax Exemptions.
2022 brings the Year of the Tiger. Are we in for a passionate, tumultuous year?
Well, that is it for this month. Days are getting longer with Spring around the corner. Spring into new plans and ideas. If they involve real estate, then let’s sit down and make a plan.
Thanks for dropping by, have a great day and I look forward to meeting with you soon.
SURREY, BC – The Fraser Valley market showed early signs of a spring thaw in February, with sales increasing over January, but continuing to trail typical levels for this time of year. The Fraser Valley Real Estate Board recorded 843 sales on its Multiple Listing Service® (MLS®) in February, a 36 per cent increase from January, but 38 per cent below the ten-year seasonal average. New listings declined nine per cent in February to 2,796, suggesting some sellers are choosing to wait amid competitive inventory levels, and may be positioning their homes for the peak of the spring market.
The Township of Langley Traffic Cameras for up-to-date traffic information. Click here
The economics of building new homes in Canada are now "simply broken," sparking a macroeconomic drag that CIBC economists warn is just beginning to take hold. 👉 Details Here
