Blog Post

March 2023 Newsletter

Andy Schildhorn • Mar 17, 2023

HELLO EVERYONE AND WELCOME TO OUR MARCH 2023 NEWSLETTER!

The Bank of Canada decided to keep its trend-setting interest rate at 4.5 percent, and for the first time in a year, it didn't go up.

Our featured listing, 8825 McAllister, is in the heart of Fort Langley on a kid-friendly street. It's just a short walk to the Elementary School and downtown Fort Langley, where community is a lifestyle.

Don't forget to join us on Facebook Live Sessions to get a glimpse of our upcoming numbers. Our next session is on April 14th at 11:00 am, and in case you missed it, click here to check out last week's session.

I want to take this moment to t hank everyone we represented this past year. The market was tough, but together, we had some fantastic successes.

Our Langley Market Report r eveals that detached home prices have decreased by 20% from last year, with listings increasing by 0.05%, and sales volume down by 43.9% year over year. The same applies to condos and townhomes in the Langley region, with prices down about 22% from the market high in March.

Spring is almost here, and Beatniks Bistro in Fort Langley has resumed its Live Music Thursdays. It's the perfect way to spend a relaxing evening.

Rita Cousins, our trusted Mortgage Broker, has provided a mortgage application checklist to help you prepare for pre-approval. It's essential before writing an offer.

Prices have dropped considerably in BC, and here's an overview of our province's pricing year over year.

That's a wrap for this month. If you want to chat about Real Estate, let my 25-plus years of experience guide you through these shifting market conditions. Text, Email, or Call, and we'll arrange a meeting to discuss your plans.

Thanks for stopping by, have an awesome day, and I can't wait to meet you soon.aragraph