May, 2016 RSS Icon
Found 3 entries for May, 2016.

Are you overwhelmed by the Fraser Valley housing market but still interested in purchasing your first home? Here are some of my tips for first time home buyers to get into this real estate market without breaking the bank.

1. Get pre-approved for a mortgage.

Getting pre-approval is an important first step in the home purchasing process, particularly for first-time buyers. What you can afford to spend is determined by your pre-approval. Getting pre-approved for your first mortgage also marks you as a serious buyer and lets you jump on putting in an offer without waiting for your pre-approval to come through. For more information on pre-approval check out my article Are You Ready to Quality as a First Time Home Buyer?

2. Hire a local Realtor® you

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While the thought of having your refrigerator connected to the Internet might make you chuckle, there are serious concerns about the security of many Internet of Things (IoT) devices if you don't take certain precautions.

According to a Globe and Mail article, independent Security Evaluators (ISEs) at a DefCon security conference in Las Vegas last year used man-in-the-middle attacks on a smart fridge that had Internet access through a WiFi modem.

In that particular instance, a hole in the smart fridge’s security let them access email, potentially allowing the hacker to reset a password and steal the person's identity. But this wasn’t all they found.

In total, 27 devices sold by 18 manufacturers were compromised. The list included other Internet

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We are now four for four in record-setting months of real estate in BC’s Fraser Valley!

Home sales in the Fraser Valley reached 2,969 in April 2016, making it the highest April on record. It was an increase of 47.8% over the same month in 2015. This was a 1.2% drop over March of 2016, where 3,006 sales were completed. Previously, April of 1991 had been the record-setter at 2,513 sales.

The record numbers of buyers looking to purchase in the Fraser Valley, and low inventory levels, are putting the system under some strain, according to Charles Wiebe, president of the Fraser Valley Real Estate Board.

Citing that there’s more than one issue at stake, Wiebe has suggested that the level of demand we’re seeing is a result of many factors:

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