June 2023 Newsletter
Andy Schildhorn • June 20, 2023
HELLO EVERYONE AND WELCOME TO OUR JUNE 2023 NEWSLETTER!
The real estate market in the Fraser Valley is showing signs of life after a slower start to the year. According to the latest report from the Fraser Valley Real Estate Board, home sales in May increased by 25.8% compared to last year.
This month's featured listing is 20622 96A Ave, located in Walnut Grove. A fully renovated two-story home, nestled on a beautifully landscaped 0.26-acre lot with a bonus detached double car workshop.
Join us for our upcoming Facebook Live session on July 13, where we'll discuss real estate topics, provide some valuable insights, and talk about what is happening in Langley. You can catch up by clicking the link below
I want to express my gratitude to all my past year's clients for their trust and support. Building strong relationships with my clients is incredibly important to me, and I am grateful for the opportunity to have handled your real estate transactions. Thank you for allowing me to be a part of your journey.
This month's featured listing is 20622 96A Ave, located in Walnut Grove. A fully renovated two-story home, nestled on a beautifully landscaped 0.26-acre lot with a bonus detached double car workshop.
Join us for our upcoming Facebook Live session on July 13, where we'll discuss real estate topics, provide some valuable insights, and talk about what is happening in Langley. You can catch up by clicking the link below
I want to express my gratitude to all my past year's clients for their trust and support. Building strong relationships with my clients is incredibly important to me, and I am grateful for the opportunity to have handled your real estate transactions. Thank you for allowing me to be a part of your journey.
Experience the Sun & Soil Concert Series in Fraser Valley this summer, featuring local artists and delicious locally grown foods at countryside locations. This looks like a lot of fun.
Rita Cousins reminds us to remember not all insurance products are the same. Review your policies and ensure you have the right coverage.
In the news is an article about how the
BC housing market faces contrasting influences of foreign homeownership bans and major increases in immigration, leading to a dynamic and evolving landscape.
Thank you for joining me. To learn more, visit our website or contact us today. Let's make your real estate dreams a reality.
Holiday magic is happening all across the Fraser Valley this season. From tree lighting ceremonies and festive markets to concerts, parades, and family-friendly celebrations, there's no shortage of ways to embrace the spirit of the season. 👉 Guide Here
The Bank of Canada today held its target for the overnight rate at 2.25%, with the Bank Rate at 2.5% and the deposit rate at 2.20%. Major economies around the world continue to show resilience to US trade protectionism, but uncertainty is still high. In the United States, economic growth is being supported by strong consumption and a surge in AI investment. The US government shutdown caused volatility in quarterly growth and delayed the release of some key economic data. Tariffs are causing some upward pressure on US inflation. In the euro area, economic growth has been stronger than expected, with the services sector showing particular resilience. In China, soft domestic demand, including more weakness in the housing market, is weighing on growth. Global financial conditions, oil prices, and the Canadian dollar are all roughly unchanged since the Bank’s October Monetary Policy Report (MPR). 👉 Read the Article Here 
Every January in BC, BC Assessment sends its valuations to property owners. These letters form the basis of property tax values on real estate across the province. They are based on many factors, but sometimes the assessed value may come as a shock to you. If this is the case, and you feel the assessment is incorrect, you can file an appeal. Why your BC Assessment value may not be what you expect. To help equip yourself for the best chance of success during an appeal, it’s best to review some reasons why your assessed value may not be what you expected. BC Assessment bases its valuations on the following factors: The location of the property. That is, how desirable is the place it’s located? The size of the property. Is it a tiny house or a multi-room mansion? The size of the lot. Is it a small lot, or a massive multi-acre estate? View from the home. A mountain view is worth more than a line of dumpsters. The property age. Is it newly built or an outdated structure? It could also be historically valuable. Home add-ons such as carports, garages and decks. The sales’ prices from similar homes in your area. In essence, that means that surrounding properties can have an impact on your property value, in addition to your own property. For example, if all your neighbours improve their properties by renovating their homes, upgrading landscaping and similar efforts, this could increase your assessed value as a knock-on effect. In situations like this, filing an appeal to show that you didn’t undertake similar efforts could help your appeal succeed. 👉 Read the Article Here
