🔟 Must Know Questions on Tariffs, Interest Rates & BC Real Estate!
Andy Schildhorn • March 11, 2025
New U.S. tariffs take effect on March 4, and the Bank of Canada’s next interest rate decision is on March 20. What does this mean for home buyers and sellers in Langley, the Fraser Valley, and across BC?
📌 Will housing prices go up or down?
📌 Will higher construction costs slow down new home builds?
📌 Could a potential recession impact mortgage rates?
We break it all down in this video!
🔹 If you're buying or selling in Langley, Surrey, Abbotsford, or the Fraser Valley, understanding these changes is CRUCIAL. Tariffs could increase home-building costs, while interest rate cuts might boost demand—but uncertainty remains.
📈 Find out how this affects YOU and what steps to take next.
The Township is offering a variety of free and low-cost outdoor events in every neighbourhood during July and August. Find out more
🏡 Thinking of buying a home in 2025? Before you scroll through listings or walk into an open house, make sure you understand The Magic Seven — the 7 financial steps every smart buyer should take. 💡 In this video, I cover: 1️⃣ Check your credit (and how to avoid score dings) 2️⃣ Get a proper mortgage pre-approval — not just a rate hold 3️⃣ Understand the stress test (and how it limits your budget) 4️⃣ Use first-time buyer programs to save thousands 5️⃣ Know your down payment rules 6️⃣ Budget for closing costs (they add up!) 7️⃣ Decide between fixed or variable rates — what’s best right now? 🎯 These are the real steps I walk Buyers through every day here in Langley and the Fraser Valley. Want to plan your next move with confidence? Let’s chat.
49 – 8217 204B St, Langley 🗓 Sunday, June 29 | ⏰ 2–4 PM ✨ 5 Bed | 5 Bath | 3,360 sq ft 🌿 Backing onto green space | Double garage | Private yard Seller covering 1 year of strata fees! 🔗 More details here
