📉🔻 How Last Week’s Rate Cut Affects You!

Andy Schildhorn • June 14, 2024

📞 Book a call/meeting at a time convenient to you - https://calendly.com/andyschildhorn

 

Exciting updates from the real estate market!

 

🏠 The Bank of Canada recently lowered its overnight lending rate from 5% to 4.75%. What does this mean for you? Here's a quick breakdown:

💸 Variable-rate mortgage payments drop slightly: save around $15 monthly for every $100,000 owed.

📈 Increased consumer confidence may boost market activity, especially for detached homes.

📅 Watch for the next Bank of Canada announcement on July 24th for more insights.

 

Got questions? Need advice? Don't hesitate to reach out. We're here to make your real estate journey as smooth as possible. Happy house hunting!

 

👉 Need Help? If you have questions or need help purchasing your home, book a time and let's chat through the link below.

 

📞 778.835.8957 - 

📅 Schedule with Andy

🌐 www.AndytheRealtor.com

 

Your Langley and Fraser Valley Realtor.

 

Thanks for watching, and see you next week!

🏡 Fraser Valley market shows early bloom with February sales lift 📉

By Andy Schildhorn • March 3, 2026
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.

☀️💼 Explore summer student job opportunities 🎓

By Andy Schildhorn • March 1, 2026
The Township of Langley Traffic Cameras for up-to-date traffic information. Click here

💰 ‘Simply broken’: Falling home prices starting to bite Canada’s economy, says CIBC 🏦

By Andy Schildhorn • March 1, 2026
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
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