January 2023 Newsletter
Andy Schildhorn • January 24, 2023
HELLO EVERYONE AND WELCOME TO OUR JANUARY 2023 NEWSLETTER!
Canada's ban on foreign homebuyers
is now in effect, barring commercial enterprises and individuals outside of Canada from buying residential properties.
Our featured listing, 8888 Hadden Street, is located on the best child-friendly street in Fort Langley! A few minutes’ walk to the Langley Fine Arts School and to downtown Fort Langley. Move your family to where community is a lifestyle.
Its always fun checking in and chatting with Jeanette Martin of MYBC Consulting to discuss market numbers. Here is our Facebook Live Session. Join us next February 9 at 11;00 to hear how the market numbers are unfolding
We will miss Randy and Barb, Long time clients.
We very much appreciate their thoughts on our service.
Our Langley Market Report
shows detached home prices are down 10.9% from last year, with listings up by 149.3% and sales volume down by 53.9% year over year. The same could be said for Condos and Townhomes in the Langley area. I should add pricing is down by about 21% from the market high in April.
What may you ask is a WassALE?
This is an ancient british tradition, gathering with your friends to celebrate the passing of the longest winter night and promise of spring. The Langley Craft Breweries have re-imagined this mid-winter tradition and invite you and your friends to our tasting rooms to sample winter warming treats and pairing snacks created exclusively for the Wassale!
Rita Cousins, Mortgage Broker, talks about a plan to settle the excess spending
that’s racking up interest on your credit cards.
In real estate news. British Columbia has become the first province to require a three-day cooling-off period
for buyers after they've signed an agreement to purchase a home.
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.
π‘ Fraser Valley home prices back to pandemic-era levels under the weight of economic headwinds and sustained inventory π SURREY, BC – Home prices in the Fraser Valley fell for the tenth consecutive month in January, pushing the Benchmark price below $900,000 for the first time since spring 2021. The Benchmark price for a typical home in the Fraser Valley dropped one per cent in January to $897,200, down 6.9 per cent year-over-year. The continued softening of prices wasn’t enough to get buyers off the sidelines, as the Fraser Valley Real Estate Board recorded 619 sales on its Multiple Listing Service® (MLS®) in January, a 33 per cent decrease from December, and 24 per cent below sales from the same month last year. New listings increased 128 per cent in January to 3,078, reflecting the typical seasonal patterns; however, activity remained 10 per cent below last year’s levels.
Who needs a hammock? Check out LAPS for adoptables π β π£"Do what is right, not what is easy.” - Roy T. Bennett
βΈοΈ Fraser Valley Market Paused | 2026 Outlook Looking for straight talk about real estate in Langley and the Fraser Valley? In this playlist, Realtor Andy Schildhorn shares honest, experience-backed insights into the housing market, the buying and selling process, and what’s really going on behind the scenes. Whether it’s market conditions, policy changes, or personal stories that affect buyers and sellers alike, Andy Talks Real Estate & More brings a local, no-fluff perspective that helps you make smarter decisions—without the jargon. ποΈ Real estate insights with 30 years of experience π Focused on Langley, Fort Langley, and Fraser Valley communities π¬ Includes conversations, quick tips, personal experiences & more Ready to make your next move with clarity and confidence? π
Book a call: https://rly.forsale/Chat-with-Andy π 778-835-8957 π www.AndytheRealtor.com
