🔟 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 event kicks off on the Friday at noon and carries on all weekend long. That’s why organizers of RibFest lined up an array of entertainment Aug. 15 to 17 on the main stage at McLeod Athletic Park.👉 More Details Here
I'm going to be honest with you, I almost forgot to write this email this week. Got caught up with Fort Langley Jazz Festival. and almost ran out of time. Barely got this in under the wire. I think its a great edition of the newsletter. Performance under pressure! haha LAPS is here. 📣 "Success is not in what you have, but who you are." - Bo Bennett
SURREY, BC – Market conditions are ideal for Fraser Valley home buyers this summer, but the persistent gap between buyers’ and sellers’ price expectations continues to suppress sales. The Fraser Valley Real Estate Board recorded 1,190 sales on its Multiple Listing Service® (MLS®) in July, down half a per cent from June and down three per cent year-over-year. July sales were 23 per cent below the 10-year average. The supply of homes for sale dipped slightly in July, down two per cent from June to 10,650, nearly 50 per cent above the 10-year seasonal average. New listings declined five per cent over June to 3,453. The Fraser Valley remains in a buyer’s market with an overall sales-to-active listings ratio of 11 per cent; the market is considered balanced when the ratio is between 12 per cent and 20 per cent.
