May 2020 Newsletter
Andy Schildhorn • May 19, 2020
Hello and Welcome to our May Newsletter.
It’s been about 6 weeks of self-isolation. How are you doing? Together as a community we are all doing our part and starting to see results. Our economy is still on hold and we wonder what is in store for us. I am hearing we will have a quick rebound and on the other hand a deep collapse. I think you will find our Market update
well balanced and thought out.
Langley Infographic
is telling us pricing is unticking with sales volume down over 50%
For quite a while now I wanted to tell you about Langley Volunteers. If you are looking to help out, this is the place to go. They have some new tech which matches volunteer interests and skills to the right organization.
Rita Cousins mortgage broker talks about the need for an annual mortgage review. Always important. It's like a tuneup.
Irina Bartnik updates us about property tax deferment
if you are over 55 or have children this maybe for you.
In the News: Our numbers are good or should I say our lack of numbers. In the next week we can have social gatherings of up to 6 people. Some businesses will open. Please read for details.
Saying this we should start to see Buyers entering back into the market place. The market was strong before Covid 19 hit. I can see a bit of a surge in sales coming. There are not enough homes for sale. As always a plan is needed. Let’s talk and discuss.
So that’s it for this month. Stay Safe, Stay Home and Stay Sane.
Fraser Valley home prices have now fallen for seven straight months — here’s what it means for buyers and sellers. ๐ 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: ๐ Sales: 1,123 homes sold (+17% MoM / –16% YoY) ๐ Active Listings: 10,121 (+15% YoY) ๐ Sales-to-Active Ratio: 11% → firmly a buyer’s market ๐ฐ Benchmark Prices ๐ก Detached: $1,411,900 (–0.6% MoM / –5.1% YoY) ๐๏ธ Townhomes: $786,000 (–1.2% MoM / –5.6% YoY) ๐ข Condos: $506,400 (–0.8% MoM / –6.8% YoY) ๐ Composite: $919,900 (–0.7% MoM / –5.3% YoY) ๐น 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. ๐ฌ 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. ๐ Read her review: ๐ https://rankmyagent.com/agent/reviews/171562 ๐งญ 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. ๐ 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. ๐More Details Here
