July 2020 Newsletter
Andy Schildhorn • July 17, 2020
Hello and Welcome to our July Newsletter.
Strata insurance is in the news. Generally we are seeing an average increase of 35% in insurance rates. I have heard of much larger increases with bigger deductibles. The province has announced its first steps to address this issue. Please read for more details.
This month’s featured listing is 8902 Wright St located in Fort Langley. A wonderful, fully renovated 4 bedroom home on a 12,000sq.ft. plus lot. A real family pleaser. Just in!!! A price reduction of over $40,000.
Our Langley infographic is telling us sales volumes increased with upward pressure on pricing. Pent up demand due to covid 19?
I would not be surprised in the next while to see the market flatten out.
Its Blueberry picking time and one of my favorites is Krause’s Berry Farms. If picking berries is not for you they have so much more to choose from. From Estate Wines to Waffles. Krause has it all.
Irina Bartnik Notary Public lets us know “what is the Notary Public’s role in the purchase or sale of your home.”
That is it for this month. Drop me an email or give me a call to discuss any real estate needs. In the meantime, thanks for dropping by, have a great day and I look forward to hearing from you soon
This month’s featured listing is 8902 Wright St located in Fort Langley. A wonderful, fully renovated 4 bedroom home on a 12,000sq.ft. plus lot. A real family pleaser. Just in!!! A price reduction of over $40,000.
Our Langley infographic is telling us sales volumes increased with upward pressure on pricing. Pent up demand due to covid 19?
I would not be surprised in the next while to see the market flatten out.
Its Blueberry picking time and one of my favorites is Krause’s Berry Farms. If picking berries is not for you they have so much more to choose from. From Estate Wines to Waffles. Krause has it all.
Irina Bartnik Notary Public lets us know “what is the Notary Public’s role in the purchase or sale of your home.”
Rita Cousin, Mortgage Broker gives us three excellent options on how to pay for home renovations.
We are now transitioning into Phase 3, the restart of our economy. What does that mean? Take a few minutes to read this article
and remember it still important to wash your hands.
That is it for this month. Drop me an email or give me a call to discuss any real estate needs. In the meantime, thanks for dropping by, have a great day and I 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
