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Found 190 entries published by Natasha Taylor.

Fraser Valley housing market continues to stabilize as sales pick up compared to last year

For the second month in a row, home sales in the Fraser Valley surpassed 2018 levels bringing the market closer to historical norms.  

The Fraser Valley Real Estate Board processed 1,297 sales of all property types on its Multiple Listing Service® (MLS®) in August, an 11 per cent decrease compared to sales in July 2019, and a 12.3 per cent increase compared to the 1,155 sales in August of last year.   

Darin Germyn, President of the Board, observed, “Compared to last year, this August has been quite robust. All property types are selling and we’re seeing a resurgence in the single‐family detached market. Across North Delta, Surrey and Langley, sales are up

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A quick snapshot of the Fraser Valley's real estate market today covering the following areas: Surrey, South Surrey, North Delta, Cloverdale, Langley, Abbotsford and Mission. All single family home, townhome and condo data sourced from the FVREB MLS®.

For more information on the current state of the real estate market within the specific community and property type you are interested in please contact Natasha Taylor directly by calling or texting 778-316-4290 or by emailing ntaylor@sutton.com.

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Fraser Valley home sales heat up this summer

Home sales in the Fraser Valley rebounded in July after what was classified as a lackluster market in June. There was a significant increase in home sales, which when combined with a slight decrease in new listing inventory, created a spike that helped rebound the market.

July 2019 saw 1458 sales in the Fraser Valley, taking into account all property type MLS® real estate listings. This was an 11.6 percent increase in sales when compared to June 2019 and 13 percent over sales in July of 2018.

It was an increase that was to be expected after one of the worst June real estate markets in almost 20 years. This is news that is welcomed by both buyers and sellers in the area. A return to a more balanced

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A quick snapshot of the Fraser Valley's real estate market today covering the following areas: Surrey, South Surrey, North Delta, Cloverdale, Langley, Abbotsford and Mission. All single family home, townhome and condo data sourced from the FVREB MLS®.

For more information on the current state of the real estate market within the specific community and property type you are interested in please contact Natasha Taylor directly by calling or texting 778-316-4290 or by emailing ntaylor@sutton.com.

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A look at the July 2019 housing market for Metro Vancouver with REBGV President Ashley Smith.

For more information on the current state of the real estate market within the specific community and property type you are interested in please contact Natasha Taylor directly by calling or texting 778-316-4290 or by emailing ntaylor@sutton.com.

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Those entering into a mortgage will hear the words “mortgage stress test”. Those words may be enough to stress you out. After all, for some it might mean qualifying for a smaller mortgage than anticipated.

The stress-test applies to homebuyers, regardless of how much money they are putting down and is another hurdle to cross when looking to purchase a house. It’s an indicator that lets the lender know how much ‘stress’ you can handle when it comes to your mortgage payment.

If mortgage rates were to increase, can you continue to make the payment?

That is a question you should be asking yourself, too. And, it is why many will advise buyers to not purchase the most expensive home they can afford, but rather find a mortgage payment amount they are

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A quick snapshot of the Fraser Valley's real estate market today covering the following areas: Surrey, South Surrey, North Delta, Cloverdale, Langley, Abbotsford and Mission. All single family home, townhome and condo data sourced from the FVREB MLS®.

For more information on the current state of the real estate market within the specific community and property type you are interested in please contact Natasha Taylor directly by calling or texting 778-316-4290 or by emailing ntaylor@sutton.com.

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Fraser Valley home sales rebound in July after lackluster June

A noticeable lift in home sales and slight decrease in new listings bolstered the Fraser Valley housing market in July.  

The Fraser Valley Real Estate Board processed 1,458 sales of all property types on its Multiple Listing Service® (MLS®) in July, a 11.6 per cent increase compared to sales in June 2019, and a 13 per cent increase compared to the 1,290 sales in July of last year.   

Chris Shields, President‐Elect of the Board, observed, “We’ve been expecting market improvement, but didn’t quite anticipate July’s momentum. We’ve gone from the worst June in almost 20 years to a July that’s only slightly below the 10‐year average. For both buyers and sellers, a return to an active,

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Both buyers and sellers taking a wait‐and‐see approach in the Fraser Valley

Last month’s property sales in the Fraser Valley were 29.3 per cent below the 10‐year sales average for June and were the second lowest total for the month since the year 2000. The number of new listings also decreased in June, coming in at 9.6 per cent below the 10‐year average for the number of listings received during that month.   

The Fraser Valley Real Estate Board processed 1,306 sales of all property types on its Multiple Listing Service® (MLS®) in June, a 13.9 per cent decrease compared to sales in May 2019, and a 10.1 per cent decrease compared to the 1,452 sales in June of last year.   

Darin Germyn, President of the Board, commented, “The Fraser Valley market

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With the high cost of real estate here in the Lower Mainland, it’s harder than ever for first time buyers to afford their first home. 

Banks and mortgage lenders require home buyers to put a minimum of 5% of the purchase price as a down payment on the home if the home is $500,000 or less. For homes more than $500,000 the required down payment is 5% on the first $500,000 and 10% on the remaining.

So, on a $500,000 purchase that amounts to $25,000 that is needed as a down payment.

On a $600,000 home, that is $35,000.

That’s a lot of money to save, especially when one considers rent and living expenses, on top of saving for their first home.

There are a variety of programs to help home buyers purchase their first home; and the new federal

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