What is the Statement of Adjustments?
Irina Bartnik Notary Public • August 11, 2020
Statement of adjustment is the Document that is prepared by your Notary or Lawyer
and it shows all the expenses associated with the Purchase or Sale of the property.
For example if you are selling the property and already pre-paid Property taxes for the whole year, or for Strata fees for the current month, Statement of Adjustments will provide credit to you as a seller for the amounts that you overpaid. Also, Statement of Adjustments will show total Real Estate fees and Legal fees payable on the transaction.
If you are purchasing the property, Statement of adjustments will reflect your closing costs, for example Property Transfer tax; cost of Strata forms, Legal fees and cost of getting financing.
The outcome of Statement of adjustments is the amount that Seller will receive after the sale is completed and for the Buyer it will show the amount that they need to bring to the Notary prior to closing to complete the sale.
If you have any more questions, feel free to contact me
If you are purchasing the property, Statement of adjustments will reflect your closing costs, for example Property Transfer tax; cost of Strata forms, Legal fees and cost of getting financing.
The outcome of Statement of adjustments is the amount that Seller will receive after the sale is completed and for the Buyer it will show the amount that they need to bring to the Notary prior to closing to complete the sale.
If you have any more questions, feel free to contact me
Sincerely,
Irina Bartnik
Notary Public
Fraser Valley home prices have now fallen for seven straight months — here’s what it means for buyers and sellers. π 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: π Sales: 1,123 homes sold (+17% MoM / –16% YoY) π Active Listings: 10,121 (+15% YoY) π Sales-to-Active Ratio: 11% → firmly a buyer’s market π° Benchmark Prices π‘ Detached: $1,411,900 (–0.6% MoM / –5.1% YoY) ποΈ Townhomes: $786,000 (–1.2% MoM / –5.6% YoY) π’ Condos: $506,400 (–0.8% MoM / –6.8% YoY) π Composite: $919,900 (–0.7% MoM / –5.3% YoY) πΉ 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. π¬ 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. π Read her review: π https://rankmyagent.com/agent/reviews/171562 π§ 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.
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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. πMore Details Here
