RSS

New property listed in Clayton, Cloverdale

I have listed a new property at 5 6588 195A ST in Surrey. See details here

END UNIT, with nearly 2,000 sq ft of high-quality construction! Award-winning ZEN townhome, very well-built and well-managed. Loaded with high-end features and space. Dream kitchen with white cabinets, built-in wall ovens, gas range, wine fridge and island. Huge master bedroom with lrg walk-in closet and built-ins. Rec room ( could be a bedroom in the basement with its own bath for the perfect man cave or playroom. Other extras include crown moldings, high ceilings, natural gas connection for BBQ, rough-in for central vac. Side-by-side dbl garage & additional street parking right outside your door. 2 blocks from major amenities and adjacent to parks & greenspace. A/C friendly strata, allowing mini-split air-conditioning. Ready for your family! **OPEN HOUSE SAT-SUN Feb 25-26 from 2-4PM**

Read

I have sold a property at C524 8150 207 ST in Langley

I have sold a property at C524 8150 207 ST in Langley. See details here

Resort living at Union Park! High-quality and perfectly situated 2-bedrooms and 2 bathrooms with 2 PARKING SPACES and ROUGHED IN FOR EV CHARGER! Situated on the inside of the complex and facing west for courtyard and sunset views. Top-notch features inside include full size appliances, gas cooking, a huge kitchen in the kitchen, large living area, quartz counter tops, frameless glass shower and more. Clubhouse boasts your own private pool, hot tub, gymnasium, exercise center, party room all right outside your door. Gorgeous foyers and brick construction bringing luxury to first-time homebuyers or investors looking for high-caliber tenants. Just across the street from the Willoughby Town Center for a ton of modern dining and shopping amenities and options.

Read

Open House. Open House on Saturday, February 25, 2023 2:00PM - 4:00PM

Please visit our Open House at 5 6588 195A ST in Surrey. See details here

Open House on Saturday, February 25, 2023 2:00PM - 4:00PM

END UNIT, with nearly 2,000 sq ft of high-quality construction! Award-winning ZEN townhome, very well-built and well-managed. Loaded with high-end features and space. Dream kitchen with white cabinets, built-in wall ovens, gas range, wine fridge and island. Huge master bedroom with lrg walk-in closet and built-ins. Rec room ( could be a bedroom in the basement with its own bath for the perfect man cave or playroom. Other extras include crown moldings, high ceilings, natural gas connection for BBQ, rough-in for central vac. Side-by-side dbl garage & additional street parking right outside your door. 2 blocks from major amenities and adjacent to parks & greenspace. A/C friendly strata, allowing mini-split air-conditioning. Ready for your family! **OPEN HOUSE SAT-SUN Feb 25-26 from 2-4PM**

Read

Open House. Open House on Sunday, February 26, 2023 2:00PM - 4:00PM

Please visit our Open House at 5 6588 195A ST in Surrey. See details here

Open House on Sunday, February 26, 2023 2:00PM - 4:00PM

END UNIT, with nearly 2,000 sq ft of high-quality construction! Award-winning ZEN townhome, very well-built and well-managed. Loaded with high-end features and space. Dream kitchen with white cabinets, built-in wall ovens, gas range, wine fridge and island. Huge master bedroom with lrg walk-in closet and built-ins. Rec room ( could be a bedroom in the basement with its own bath for the perfect man cave or playroom. Other extras include crown moldings, high ceilings, natural gas connection for BBQ, rough-in for central vac. Side-by-side dbl garage & additional street parking right outside your door. 2 blocks from major amenities and adjacent to parks & greenspace. A/C friendly strata, allowing mini-split air-conditioning. Ready for your family! **OPEN HOUSE SAT-SUN Feb 25-26 from 2-4PM**

Read

Four Different Types of Buyers

When chatting with a prospective Buyer, I’ve found just about everyone lands in one of four unofficial groups. And recognizing these groups is helpful when determining the advice and guidance I provide them with. These groups are:

1.  First-time buyers (or others who are not with the sale of another property). Timing of the purchase is usually determined primarily by readiness to buy. They can also be influenced by how the market is trending, but motivation to get into the market is a driving factor. Usually in a flexible living situation (living with parents, renting, etc.) where there’s less urgency to buy if it’s not a good time personally or economically to do so.

2.  Buyers who are upsizing, pricewise. Usually, this group ranges from first-time sellers to families (25-50 years old). Often, those in this group will upsize more than once and, although everyone wants to sell for as much as possible, timing of each move is usually determined by the right ‘next place’ being affordable and available. The next place will usually be occupied for longer than the previous one was and securing it for a comfortable price point the priority. This move is almost always a family-oriented move determined by families growing, career opportunity, schools, hobbies and interests, etc.

3. Buyers downsizing. This usually occurs amongst older demographics and involves a varying blend of moving to simplify lifestyle (eliminate stairs, less square footage, etc.), to simply financial burden in preparation for retirement or other priority shifts, or to access equity. Important to recognize is if the move is voluntary and relatively low-urgency or being dictated by life circumstances.

4.  Secondary property purchases. Investment and vacation properties. This is the group who are expanding their portfolio. Usually, a buyer who is in a home they plan to remain at long-term and are looking either purely to invest in real estate with speculative and/or cash-flow upside, invest in a property they’ll get personal use or enjoyment out of, or find a property that offers both. Timing here is dictated purely by financial capability, and the urgency is determined by a combination of market conditions, priorities and capability of the purchaser and availability of what’s being searched for.

Read

Adjusting to the Current Cost of Living

There’s an expectation by many that the cost of living could relax in a meaningful way, as a ripple effect of interest rates being raised to curb inflation. But I want to caution those believing this that there’s a difference between policymakers trying to rein-in inflation and stimulating deflation.

A couple of thoughts:

  1. Overall, the population as a consumer base has largely adjusted (although it’s painful), to the current costs of most goods and services. And although some staples and everyday items fluctuate (such as eggs the past few weeks, or fuel in the second half of 2022), the costs of most goods have stabilized.  
  2. With supply chains mostly being back to full strength, and most manufacturing back to the necessary levels to keep up with demand, the cost of most goods and services show few signs of dropping by amounts significant enough to noticeably impact everyday life.
  3. The costs of virtually any goods and services are linked closely to wages (both in terms of what people can afford to pay for things based on their earnings, and in the opposite direction by what businesses can sell them for to remain viable or profitable). Wages seeing increases through COVID and now stabilizing has an anchoring effect on cost of living rising beyond what the general population can afford. And businesses finding the ranges they can charge as much as they can without seeing people take their business and to still be able to continue to pay its employees appears to be happening in most industries.
  4. Recreational spending is slowing, but still strong. This suggests that although many households live month-to-month financially, there is still money circulating in the economy and keeping non-essential industries and businesses staffed. This is the main factor to watch as credit tightens and cost of living rises.


It’s human nature after such a long period where housing, although it was always expensive, jumps rapidly in cost that we assume it to be an anomaly. But the anomaly was the low borrowing rates rippling through to every household (lower prices and lower rates also meant lower rents, etc.).  The key going forward for households is to find housing arrangements and a monthly expenditure that is stable and, more importantly, sustainable without the assistance of borrowing to cover these costs. And although uncomfortable, most households are. More can be read about the cost of living in Canada (and its evolution) here: https://www150.statcan.gc.ca/n1/daily-quotidien/230117/dq230117b-eng.htm



We must adjust to the current cost of living because it’s unlikely to come down.

Read

Recognizing How Recession Impacts Your Plans to Purchase

The term “recession” is misunderstood by almost everyone I chat with. And consciously or not, it’s impacting a lot of behaviour in the marketplace. There are technical definitions of what a recession is, but that’s for another day. What I want to touch on is how it impact what people are projecting the housing market to do. I chat with buyers daily. And I phrase I keep hearing is that most are “waiting for the market to keep coming down”.

I realize the main reason they say is hope. There’s a hope and a wish that the type of home they’re looking for with continue to drop in price until it reaches a range, they’re happy with. Funny thing about this is that, if you ask just about anyone, they’ll acknowledge this but are unable to tell you what that number is! Or they’re hoping prices continue to drop so much that what they really want (for instance; a detached house instead of a row home).

The second reason they might say this, and this one is funny to me, is that they truly believe they are outsmarting the entire market. When someone tells me they’re waiting to time the market till it reaches its bottom, I always try to politely point out that they probably didn’t time it well the last time (very few did, and most were lucky). They also probably didn’t time the peak (last March) perfectly. And the funny thing is, there are THOUSANDS of people all believing they’re going to time this ‘next’ bottom in the market perfectly. The irony is that when thousands of purchasers all decide while the market has reached that bottom, prices will likely already be going up due to competition between a high number of buyers for limited listing inventory. Sound familiar?


…A small thought for those who are REALLY hoping prices continue to fall drastically. You should only be hoping for this if you are in a completely recession-proof industry or are an investor with the cash to expand while still being able ride-out dry seasons. The market has already dropped 20%-30%, depending on location and property type. And for it to continue to drop at that rate would only be cause by economic issues, rises in employment and business closures that would impact most buyers in ways far more seriously than how good of a deal they can find on property.

The third reason is people don’t realize what happened last time we had a recession. Prices didn’t drop for three years or five years. They dropped for about a year, and then rose by healthy, steady amounts for the next 6 years in line with the economy’s growth. We’re already coming up on 1 year since the market turned downward and, although I expect they’ll drop for most of 2023 still, I personally believe prices have already done most of their movement.


Beware of Agents Who Are Saying “The Market’s Back”

Read

I have sold a property at 184 18701 66TH AVE in Surrey

I have sold a property at 184 18701 66TH AVE in Surrey. See details here

COURT DATE - JAN 30th. AS CENTRAL AS IT GETS. Encore at Hillcrest. Step out your door and have all the amenities and shops of Clayton Heights right outside your door. Tons of parking, including double garage (with partially finished room at the back) PLUS additional parking spot assigned specifically to the unit. Perfect starter home; in a well-maintained complex and surrounded by a family-friendly environment with parks, playgrounds and Hillcrest Elementary just outside the complex and not located on the street. Clubhouse with party room and kids area. Close to quick routes, including investment upside as the SkyTrain eventually extends to the area!

Read

Adjusting Our Expectations

There’s a popular feeling out there that interest rates will ‘come back down’. This feeling, I’m noticing, is the most common amongst people under around age 35. In other words, those who likely never owned assets before around 10 years ago and have never known anything other than low rates. This portion of the population also doesn’t understand the role interest rates play in the broader economy, and why we had rates as low as we did for as long as we did.  Although it’s possible you could see rates continue to be increased until the federal government feels it’s safe to relax them, it’s important that not just this age group, but all age groups get acclimated to rates being in the range or around 5% for a long time. And an overall struggle to believe this is evidenced by the number of property owners we’re seeing select 1-year or 2-year terms, feeling that they’ll have significantly better options in 1-2 years’ time.


The other mortgage-related factor is this. A huge percentage of the property-owning population has already been faced with adjusting its standard of living. With rates increasing over the past year, anyone on variable-rate loans has already been faced with payment amounts rising and shifting their spending and budgeting accordingly. This effectively eliminates most (if not all) of this group from the possibility of ‘needing’ to sell unless their personal circumstances change in a big way. The portion of the population enjoying the remaining 1-3.5 years of a fixed term will slowly be turning over and renewing, and I don’t anticipate a large enough group of that population needing to renew and being unable to within a small enough timeframe of one another to bring a ton of motivated sellers to market at the same time.


At some point, rates will be relaxed a bit, but only by a bit and not be enough to drastically change the type of home people can afford. Best bet is to plan the next 5-10 years of your life based on current rates.

Read

Open House. Open House on Saturday, February 11, 2023 1:00PM - 2:30PM

Please visit our Open House at 34386 FRASER ST in Abbotsford. See details here

Open House on Saturday, February 11, 2023 1:00PM - 2:30PM

A MUST TO VIEW! If you are looking for a unique property, look no further! Nothing compares to this 10,000 sq ft corner lot on a dead-end street. Like your personal and private park overlooking the valley and with a mountain view. Elegant finishing including hardwood floors, designer layout on main level complete with formal French dining room for entertaining, family room for relaxing and living room to host guests. Lower level with ground level walkout with mountain view from private patio, open floorplan and redesigned separate living space. Definitely a rare gem! ***OPEN HOUSE - SATURDAY FEBRUARY 11TH, 1:00 - 2:30PM***

Read

Open House. Open House on Saturday, February 11, 2023 4:00PM - 5:30PM

Please visit our Open House at 10243 157A ST in Surrey. See details here

Open House on Saturday, February 11, 2023 4:00PM - 5:30PM

Central Guildford location but on a quiet cul d sac with a large 7200 Sq ft lot. Current owners have been there for 18 years. Well kept and maintained with extended family facilities. There hasn't been anything like this come up for quite awhile. Pie shaped lot with huge back yard. Lots of parking with large driveway and extra side parking. ***OPEN HOUSE - SATURDAY FEBRUARY 11TH, 1:00 - 2:30PM***

Read

Open House. Open House on Sunday, February 12, 2023 1:00PM - 2:30PM

Please visit our Open House at 10243 157A ST in Surrey. See details here

Open House on Sunday, February 12, 2023 1:00PM - 2:30PM

Central Guildford location but on a quiet cul d sac with a large 7200 Sq ft lot. Current owners have been there for 18 years. Well kept and maintained with extended family facilities. There hasn't been anything like this come up for quite awhile. Pie shaped lot with huge back yard. Lots of parking with large driveway and extra side parking. ***OPEN HOUSE - SATURDAY FEBRUARY 11TH, 1:00 - 2:30PM***

Read
Categories:   Abbotsford East, Abbotsford Real Estate | Abbotsford West, Abbotsford Real Estate | Aberdeen, Abbotsford Real Estate | Albion, Maple Ridge Real Estate | Aldergrove Langley, Langley Real Estate | Annieville, N. Delta Real Estate | Bear Creek Green Timbers, Surrey Real Estate | Bradner, Abbotsford Real Estate | Brentwood Park, Burnaby North Real Estate | Brookswood Langley, Langley Real Estate | Burnaby Lake, Burnaby South Real Estate | Capitol Hill BN, Burnaby North Real Estate | Central Abbotsford, Abbotsford Real Estate | Central Meadows, Pitt Meadows Real Estate | Chilliwack Mountain, Chilliwack Real Estate | Clayton, Cloverdale Real Estate | Cloverdale BC, Cloverdale Real Estate | Coquitlam West, Coquitlam Real Estate | Downtown VW, Vancouver West Real Estate | East Central, Maple Ridge Real Estate | East Newton, Surrey Real Estate | Eastern Hillsides, Chilliwack Real Estate | Fleetwood Tynehead, Surrey Real Estate | Fort Langley, Langley Real Estate | Fraser Heights, North Surrey Real Estate | Fraserview NW, New Westminster Real Estate | Grandview Surrey, South Surrey White Rock Real Estate | Guildford, North Surrey Real Estate | Hamilton RI, Richmond Real Estate | Hope Kawkawa Lake, Hope Real Estate | Kitsilano, Vancouver West Real Estate | Langley City, Langley Real Estate | Maillardville, Coquitlam Real Estate | Mission BC, Mission Real Estate | Murrayville, Langley Real Estate | New Horizons, Coquitlam Real Estate | Nordel, N. Delta Real Estate | North Shore Pt Moody, Port Moody Real Estate | Northwest Maple Ridge, Maple Ridge Real Estate | Otter District, Langley Real Estate | Port Kells, North Surrey Real Estate | Port Moody Centre, Port Moody Real Estate | Promontory, Sardis Real Estate | Renfrew VE, Vancouver East Real Estate | Royal Heights, North Surrey Real Estate | Salmon River, Langley Real Estate | Sardis East Vedder Rd, Sardis Real Estate | Sardis East Vedder, Sardis Real Estate | Sardis West Vedder Rd, Sardis Real Estate | Southwest Maple Ridge, Maple Ridge Real Estate | Sullivan Station, Surrey Real Estate | Sunshine Hills Woods, N. Delta Real Estate | Vedder S Watson-Promontory, Sardis Real Estate | Walnut Grove, Langley Real Estate | West End VW, Vancouver West Real Estate | West Newton, Surrey Real Estate | Westwood Plateau, Coquitlam Real Estate | White Rock, South Surrey White Rock Real Estate | Willoughby Heights, Langley Real Estate | Yaletown, Vancouver West Real Estate
Reciprocity Logo The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.