It is considered a balanced market when the Sales ratio is between 12 and 20% . Metro Vancouver had a sales ratio of 36% in October, which pales into comparison to the Fraser Valley.

Finding a home within budget Is an ongoing struggle for home buyers who have already scraped together every penny for their down payment.

Most buyers are having to re-evaluate the type of property they are looking for and may also need to consider homes outside their preferred neighbourhoods.

There are still some communities within the Fraser Valley where the sales ratio is lower.

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These stats represent the average sales ratio. If you are not tied to a specific area, there are communities within Metro Vancouver where you may still be able to find a home within your budget. Please contact me to receive a breakdown of sales ratio per community.

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I agree, this seems like a strange time to be thinking about winter.  However, this is the perfect time for homeowners to use video or photgraphy to capture their property during it's Summer Splender.

There have been a few times when this has tipped the scales in favor of one property vs another.  I have found that buyers House Hunting in the winter have a difficult time visualizing how it will "feel" to entertain in the backyard when summmer comes.

Amazing how the little things can make such a big difference. 

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We all know the importance of first impressions when meeting people, well the same is true when it comes to your home.

Buyers viewing your home will decide within minutes, and sometime seconds, whether your home is  "The One for Them"

My experience Decorating Show Homes, and Staging can really help.

I look forward to improving your homes 1st impression!

Contact me anytime to schedule your consultation or ask a Real Estate question.

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When you are listing your home for sale, your Real Estate Agent will present you with a Property Disclosure form that asks if you are aware of any existing or prior problems with your home.

Sometimes sellers decide not to disclose a prior problem because they may feel that since it is no longer an issue no one needs to know. WRONG!

People talk - neighbors, contractors, friends and even family. When a buyer "discovers" an issue on their own it can quickly derail your sale.

When sellers disclose an issue to me prior to listing their home, I am able to address the issue up front;

  • If the issue can be corrected then I typically suggest you get it fixed prior to listing your home.
  • If on the other hand the issue is one that you cannot afford to take care of, and/or the issue is one that is better corrected once the home is empty, we can take that into    consideration when deciding on the list price for your home.  
Most buyers Agents will incorporate your Property Disclosure Statement into the Purchase Contract.  Failure to disclose now may leave you open to significant liabiltiy down the road.

As a seller, it is in your best interest to be forthcoming when filling out the Property Disclosure Form

Please call me anytime with your Real Estate questions.
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Kamloops continues to attract investors in Rental Properties. Low vacancy rates of 0.9% to 1.3% depending on the area, relatively low purchase prices, and rental income comparable to what is being received in the Lower Mainland are contributing factors.

I am working with investors who are looking for the right property - please contact me if you are thinking of selling.

If you already own a rental property, the amount rent can be increased in 2020 is 2.6%.  

The increase amount is set by the Residential Tenancy Branch, using the instructions and formula provided in Section 22 of the Residential Tenancy Regulations. Section 22 states:

Annual rent increase

22 (1) In this section, “inflation rate” means the 12 month average percent change in the all-items Consumer Price Index for British Columbia ending in the July that is most recently available for the calendar year for which a rent increase takes effect.

(2)  For the purposes of section 43 (1) (a) of the Act [amount of rent increase], a landlord may impose a rent increase that is no greater than the percentage amount.

It is important to be aware that there is a mandatory form you must use as well as rules regarding when a rent increase can be served and how much notice a tenant is entitled to. 

For more information please click the link below.

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Categories:   Market Update
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), 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 REBGV, 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 REBGV, the FVREB or the CADREB.