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December 2018 - Surrey Market Update

Posted on Dec 06, 2018 in Market Updates

The numbers are out and the FVREB area remains slow compared to last year. In fact, the number of sales remains down by about 40%. The biggest surprise to us was in the condo category, as the benchmark price dropped 2.8% since last month. This is the largest decrease of the three property types, but should not be too much of a shock as apartments s...

Price VS Days On Market

Posted on Nov 08, 2018 in Real Estate Tips

Is your listing overpriced in a declining market? If you don’t know how long properties take to sell once they hit the right list price... it very well might be.

What’s your area’s DOM?

November 2018 - Market Update

Posted on Nov 04, 2018 in Market Updates

Detached Home Prices A Surprise

The statistics released November 2nd revealed a surprising result in detached homes across the city of Surrey. Home prices were the same this time last month as well as the same time last year, while most experts were predicting a downturn. Condos and townhouses did continue to see the projected slides, likely due to...

Know Your Risks #3

Posted on Oct 29, 2018 in Real Estate Tips

Given the current market conditions, we expect foreclosure sales to increase in the coming years. Often, clients approach us looking to get a deal through the process of buying a foreclosure. It’s okay to buy a property through the courts and you might even manage to swing a deal, you just need to know what you are getting into first. In this video...

October 2018 - Market Update

Posted on Oct 03, 2018 in Market Updates

Prices in Surrey continue the negative slide month over month and for the first time, detached houses have decreased year over year. In this video, Steve Karrasch and Chandani Pooni update you on the current benchmark pricing and also touch on the positives of recent interest rate increases and the negative side of the new rental increase limits re...

Know Your Risks #2

Posted on Sep 25, 2018 in Real Estate Tips

Purchasing a Pre-Sale

Many people love the idea of buying a property brand new and it can be an amazing experience. In this video, Eric Katajamaki goes over some risks of buying a pre-sale property from a developer before it is constructed.