January 2020 Newsletter
Andy Schildhorn • January 17, 2020
With the New Year mail, comes our property assessments. Did you know this is the first time in 20 years these values have gone down? Read more in the article below.
Rita Cousins, mortgage broker, talks about how to pay for home renovations
through one of three ways. Irina Bartnik, Notary Public, give us some good advice on the perils of DIY Wills.
Our Langley Infographic
shows us, December was a very good month. Prices are holding steady with detached sales volume up by almost 20%, which leads us into our news article. The sales volume of Greater Vancouver was up 88% year over year, meaning we should be looking at a very strong Spring market due to pent up demand and not enough inventory.
This month’s feature listing is a very comfortable family Townhome in Walnut Grove. Close to schools and shopping. It’s a great buy.
New Year Resolutions!!! Well we have 10 for you
to keep your home running smoothly for the next year.
With the New Year comes new ideas, new plans
and new ways of doing things. Perhaps a new home is part of this newness. Now is the time to start making a plan. A strategy is needed to make the most of your new ideas. I am always available to discuss this further. The sooner the better.
In closing I want to say Happy New Year, thanks for dropping by and look forward to hearing from you soon.
Fraser Valley home prices have now fallen for seven straight months — here’s what it means for buyers and sellers. π October 2025 Fraser Valley Market Overview Fraser Valley home prices have now fallen for seven straight months — the longest correction since 2019. According to the Fraser Valley Real Estate Board’s October report: π Sales: 1,123 homes sold (+17% MoM / –16% YoY) π Active Listings: 10,121 (+15% YoY) π Sales-to-Active Ratio: 11% → firmly a buyer’s market π° Benchmark Prices π‘ Detached: $1,411,900 (–0.6% MoM / –5.1% YoY) ποΈ Townhomes: $786,000 (–1.2% MoM / –5.6% YoY) π’ Condos: $506,400 (–0.8% MoM / –6.8% YoY) π Composite: $919,900 (–0.7% MoM / –5.3% YoY) πΉ Interest Rates & Economy The Bank of Canada rate holds at 2.25%. Inflation is easing, but tariffs and a slower global economy add uncertainty. Major banks remain split — some expect stability through 2026, others forecast small rate cuts next year. π¬ Real Client Story One of my recent clients moved from Vancouver Island to Langley to be closer to family — proof that even in a slower market, the right timing and strategy still create success. π Read her review: π https://rankmyagent.com/agent/reviews/171562 π§ What This Means for You If you’re buying, inventory is strong and competition is light. If you’re selling, pricing for today’s reality — not last year’s memory — is key. After seven months of price declines, the market is recalibrating — not crashing. With realistic pricing and a clear plan, opportunities are still out there.
This year, as they have for years, thousands are again expected to attend Remembrance Day in Fort Langley and honour the memory of the community’s war dead at the largest memorial service in the Langley area. π More Details Here
This top-floor home features a spacious layout, ample natural light, and a quiet location, just steps from shopping, parks, and public transit. Whether you're downsizing or buying your first home, this is one you’ll want to see in person. πMore Details Here
