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Housing Budget 2018 HausRE

 

Here are some key points on the British Columbia government’s plan on housing affordability from Tuesday’s budget:

— Increases the foreign buyers tax from 15 to 20% and expands it to areas outside of Vancouver as it will apply to the Fraser Valley, central Okanagan and the Nanaimo and Capital regional districts, which includes Victoria.

 

— Introduces a speculation tax in the fall of 2018 that will be levied as an annual property tax on foreign and domestic homeowners who don’t pay income taxes in B.C. It will initially apply to Metro Vancouver, Fraser Valley the Capital and Nanaimo regional districts, Kelowna and West Kelowna.

 

— Increases the property transfer tax and school tax on the value of homes over $3 million.

 

— Cracks down on tax fraud and closes real estate loopholes including contract assignments in the condo pre-sale market, where people sell and resell multiple times before a unit is lived in, inflating the price and avoiding taxes.

 

— Makes a $6 billion investment in affordable housing and increases rental grants for some elderly renters and low-income families.

 

We are curious about your thoughts so let us know what you think - We are here to help.

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Preview Starting Feb. 24th

 

A boutique community of 22 townhomes nestled in Sunny South Surrey's most private neighbourhood. You'll love the privacy these spacious 3 and 4 bedroom homes offer as they are surrounded by nature and overlooking Peace Portal Golf Club.


Sign up below to get more information on this development...

 

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Previews Starting Feb. 24th

 

Blackberry Walk III is a new townhouse development by Woodbridge Properties currently under construction at 6030 142 Street, Surrey. The development is scheduled for completion in 2018.Blackberry Walk III has a total of 48 units, sizes range from 1350 to 1800 square feet.

 

The exteriors at BB3 are timeless; as classic today as they will be tomorrow. Thoughtful touches like covered entryways, fenced yards, and lush landscaping make each home even homier. Conveniently located a short distance away from a wide variety of shops, restaurants, parks, & schools, BB3 is the center of it all!


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Have you ever wanted to buy a home but thought you couldn't? Come to HausRE's Mortgage Information night and find out ,YES you can!

 

We are hosting this session with Sheryl Elsom from Dominion Lending Centres. Sheryl has over 28 years of Mortgage experience and she will be happy to answer your mortgage related questions and discuss the New Stress Tests and if it applies to you!

 

Join us on Tuesday, February 20th at7pm at the Sutton West Coast Offices at 7565 132nd Stree in Surrey to find out more.

 

All attendees will get FREE Home Show Tickets (limited Quantities) so RSVP!

 

See you there!

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 2018 brings more of the same for Fraser Valley real estate

SURREY, BC – Fraser Valley housing market activity in January continued on the momentum seen throughout 2017 with year-over-year increases seen for both sales and pricing.

 

The Fraser Valley Real Estate Board processed 1,210 sales of all property types on its Multiple Listing Service® (MLS®) in January, an increase of 24 per cent compared to the 976 sales in January of last year, and a 10 per cent decrease compared to the 1,344 sales in December 2017. This was the third highest sales total for a January in the Board’s history, behind only 2016 (1,338) and 1992 (1,270).

 

Of the 1,210 sales processed last month 281 were townhouses and 338 were apartments, together representing 51 per cent of all transactions in January.

 

“This will be the third consecutive year of heightened market activity for our region, and we’re starting 2018 exactly where we left off – gradually rising prices, tight inventory, and the dominance of attached home sales," said Gopal Sahota, Board President.

 

Active inventory for the Fraser Valley finished at 3,962 listings last month, increasing 3.8 per cent month-over-month, and decreasing 10 per cent when compared to January 2017. January’s sales-to-active listing ratio was 31 per cent.

The Board received 2,092 new listings in January, a 63.8 per cent increase from December 2017’s 1,277 new listings, and a 3.9 per cent decrease compared to January 2017.

 

"Generally, pricing continues to be heavily impacted by ongoing demand and a lack of incoming inventory,” continued Sahota. “While conditions may differ depending on property type and area, it remains a complex real estate environment overall where a thorough understanding of the market and knowing what you’re looking for can make all the difference.”

For the Fraser Valley region the average number of days to sell an apartment in January was 19, and 24 for townhomes. Single family detached homes remained on the market for an average of 46 days before selling.

 

HPI® Benchmark Price Activity 


• Single Family Detached: At $982,700, the Benchmark price for a single family detached home in the Valley increased 0.6 per cent compared to December 2017, and increased 15.1 per cent compared to January 2017.

 

• Townhomes: At $519,400 the Benchmark price for a townhome in the Fraser Valley increased 1.2 per cent compared to December 2017, and increased 23.4 per cent compared to January 2017.

 

• Apartments: At $404,100, the Benchmark price for apartments/condos in the Fraser Valley increased 4 per cent compared to December 2017, and increased 44.1 per cent compared to January 2017.

 

Full package:
http://www.fvreb.bc.ca/statistics/Package201801.pdf

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Previews Starting Now

Looking to buy a townhouse in Langley, let the experts at Haus Real Estate help. Contact us for more info.

 

Boulevard is a new townhouse development by Elyx currently under construction at 7864 208 Street,Langley. Pre sales starting Spring 2018.

 

Fill out the Form Below for more information

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Another big year for Fraser Valley real estate

SURREY, BC – The Fraser Valley housing market had its second highest selling year on record in 2017, with total MLS® transactions and dollar volume sold behind only 2016’s unprecedented level of activity.

 

The Board’s Multiple Listing Service® (MLS®) processed 22,338 sales in 2017, 7.3 per cent less than the record of 23,974 sales set in 2016. The total dollar volume of MLS® sales was $15.7 billion, coming out slightly beneath 2016’s record setting total dollar volume of $16.2 billion.

 

Of the total transactions for the year, 5,198 were townhouses sold and 6,183 were apartments, together representing over half of overall market activity for the region. This was also the highest total annual sales for apartments in the Board’s history.

 

“Much of the market’s momentum through 2017 came from the incredible shift in demand to attached-style homes, particularly in our larger communities,” remarked Gopal Sahota, President of the Board.

 

“While prices continued to see slight gains month-to-month, a lot of our attached inventory remained affordable and an excellent option for consumers of all types.”

 

For inventory, a total of 32,651 new listings were received by the Board’s MLS® system, the third highest in the Board’s history after 2016 (34,768) and 2008 (35,651).

 

Last month the Board processed 1,344 sales, the second-most transactions for a December on record in the Fraser Valley. December inventory finished at 3,818 active units, with a total of 1,277 new listings entering the market throughout the month.

 

Sahota adds, “All year, supply levels remained below where we’d like them to be, and that has put a tight grip on inventory and pressure on the pace of the market. This is still a challenging market for many consumers.“However, if you have your finances in order, and the support of a local REALTOR® who fits your needs, you’ll be in the best position to make a move in 2018 and find success.”

 

HPI® Benchmark Price Activity 


• Single Family Detached: At $976,400, the Benchmark price for a single family detached home in the Valley increased 0.4 per cent compared to November 2017, and increased 14.2 per cent compared to December 2016.

 

• Townhomes: At $513,100, the Benchmark price for a townhouse in the Valley increased 1.5 per cent compared to November 2017, and increased 23 per cent compared to December 2016.

 

• Apartments: At $388,600, the Benchmark price for an apartment in the Valley increased 3.2 per cent compared to November 2017, and increased 40.5 per cent compared to December 2016.

 

Full package:
http://www.fvreb.bc.ca/statistics/Package201712.pdf

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 Previews Starting Jan. 2nd

 

Looking to buy a townhouse in Cloverdale, let the experts at Haus Real Estate help. Contact us today.

 

 

Hawthorne is a new townhouse development by Mosaic Homes currently in preconstruction at 176 Street, Surrey. Hawthorne feels like a small town Main Street, in the heart of a big city. Everything you need, from all the places you love, where everybody will know your name. And when it’s time to travel, quick access to all the main thoroughfares.

Fill out the form below to get more info:

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Do open Houses work? Contact Haus Real Estate and find out why ours are so successful...

 

Buyers are using the internet to search for properties more than ever before. In some cases, they can even go on a “virtual” tour of a home using their smartphone or desktop computer. So, you might be wondering if the oldfashioned Open House still works these days?

 

The answer is yes. Otherwise, you wouldn’t see them advertised. If Open Houses didn’t work, no one would be doing them!

 

No matter how good the internet gets, it can’t compete with a buyer being able to visit a property in person, walk through the rooms, stand in the backyard and imagine himself BBQ-ing with his family, stroll the area, and meet neighbours.

 

An Open House makes it easy for buyers to do just that.

 

It’s an open invitation for them to come by at a specific date and time, to see the property and chat with the REALTOR®. It’s a casual environment, which many buyers prefer. Some buyers, in fact, are more comfortable going to an Open House before scheduling a private viewing.

 

Will you need an Open House to sell your home?

 

That depends on a lot of factors. When I work with clients, I put together a marketing plan designed to sell the property quickly and for the best price possible. Depending on the circumstances, that may or may not include an Open House.

 

If you have questions about what would be involved in a quick and successful sale of your home, contact me. I’d be happy to chat and answer your questions.

 

Thanks,

 

AA

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Advanced Preview Starting Dec. 9th... 

 

 

Located at the corner of 201st and 68th Avenue in the heart of Willoughby, Park Hill's Phase II offers 63 urban 1 - 3 bedroom & Den Condominium Homes and the exciting new addition of City Style Lofts. Situated next to serene rolling parklands and a network of community trails, Park Hill's outdoor lifestyle is just as expansive as it is inside.

 

PARKHILL CONDOS - feature thoughtfully designed floorplans offering spacious kitchens with Quartz counters, sleek SS appliances, elegant nine-foot ceilings, modern vinyl resistant floors in the main area and plush carpets in the bedroom. Natural light fills these homes through bright oversized windows. Backing onto a lush forest area giving you Room to Breathe. 


PARKHILL TOWNHOMES - offer stunning walk up front entries with spaciously designed floorplans focused on natural light and luxurious finishings. Stunning kitchens with a large island and built-in pantry, sleek Samsung SS appliances, elegant 9ft ceilings and modern vinyl resistant floors on the main with large bright windows to flood in natural sunlight. Upstairs plush carpet greets you with ceilings vaulted up to fourteen-feet. 



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Attached sales continue to drive Fraser Valley market in November

SURREY, BC – Demand for Fraser Valley properties persisted through November, once again bolstered by strong attached sales across the region.

 

The Fraser Valley Real Estate Board processed 1,743 sales of all property types on its Multiple Listing Service® (MLS®) in November, an increase of 39.8 per cent compared to the 1,247 sales in November of last year, and a 3.1 per cent decrease compared to the 1,799 sales in October 2017. This will mark the second highest sales total for a November in the Board’s history.

 

Attached sales represented 53% of all market activity for the month, with apartment sales totaling 496 and townhomes at 426.

 

“Our attached market feels like our detached market used to,” Gopal Sahota, Fraser Valley Real Estate Board President remarked. “With our townhome and apartment inventory here, you have the same wide spectrum for pricing and supply that’s helping buyers of all types find success in the Valley.”

 

Last month the total active inventory for the Fraser Valley was 5,129 listings. Active inventory decreased by 6.5 per cent month-over-month, and decreased 8.4 per cent when compared to November 2016.

 

The Board received 2,324 new listings in November, a 6.3 per cent decrease from October 2017, and a 29.7 per cent increase compared to November 2016’s 1,792 new listings.

 

"As you can imagine, attached listings are moving fast and often facing multiple offer situations,” continued Sahota. “Talk to a REALTOR® if you’re ready to buy, and they can help give you the best chance at the homes you want.”

 

For the Fraser Valley region the average number of days to sell an apartment in November was 17, and 21 for townhomes. Single family detached homes remained on the market for an average of 31 days before selling.

 

HPI® Benchmark Price Activity 


• Single Family Detached: At $972,700, the Benchmark price for a single family detached home in the Valley increased 0.1 per cent compared to October 2017, and increased 13.2 per cent compared to November 2016.

• Townhomes: At $505,700, the Benchmark price for a townhome in the Fraser Valley increased 0.6 per cent compared to October 2017, and increased 19 per cent compared to November 2016.

• Apartments: At $376,700, the Benchmark price for apartments/condos in the Fraser Valley increased 2 per cent compared to October 2017, and increased 36.6 per cent compared to November 2016.


Full package:
http://www.fvreb.bc.ca/statistics/Package201711.pdf

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