For more information on the current Real Estate Market, call or email Garry Voigt 604 789 2140 or email info@garryvoigt.com.
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For more information on the current Real Estate Market, call or email Garry Voigt 604 789 2140 or email info@garryvoigt.com.
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Bank Of Canada interest rate announcements in 2024.
Although we cannot predict what the Bank of Canada will do with interest rates this year, the one thing we do know is when the interest rate announcements will be in 2024, starting next week on January 24th.
Announcement dates.
โข Wednesday, January 24
โข Wednesday, March 6
โข Wednesday, April 10
โข Wednesday, June 5
โข Wednesday, July 24
โข Wednesday, September 4
โข Wednesday, October 23
โข Wednesday, December 11
The Bank of Canada, which is responsible for setting interest rates in Canada, considers a variety of economic factors when making its decisions. These include inflation, employment rates, GDP growth, and international trade.
If inflation is high, the Bank of Canada may raise interest rates to help control it. Conversely, if inflation is low, the Bank of Canada may lower interest rates to encourage spending and stimulate economic growth.
Employment rates and GDP growth are also key factors that can influence interest rates. International trade can also play a role in interest rate decisions
Overall, it is impossible to predict exactly what Canadian interest rates will be in 2024. However, by keeping an eye on economic indicators and trends, we can make educated guesses on what may happen.
For more information on your local market reach out to Garry – 604 789 2140 info@garryvoigt.com
These stunning 180 degree views of the Capliano River, Downtown Vancouver and Stanley didnโt last long on the market!
Congratulations to our repeat client SB on the sale of her familyโs West Vancouver condo! Thank you for giving us the opportunity to market and sell this incredible unit.
Thanks to our world class marketing team, we were able to capture the crisp, clear and incredible views this unit had to offer which helped us achieve multiple offers and sell for over asking price!
#22A 338 Taylor Way
2 bed
2 bath
2 parking
1250 sq ft
Great amenities
Stunning views
Offered at $1,099,800
Absolute STUNNING 180 degree views from the 22nd floor of Capilano River, Downtown Vancouver, Stanley Park and Lions Gate Bridge! This luxurious 2 bedroom, 2 bathroom suite with solarium in West Royal features 2 parking and oversized patio in a convenient location, close to the seawall, Ambleside Beach, and across the street from Park Royal Shopping Centre. This open floor plan features tons of windows with incredible views from every window. The West Royal offers spectacular building amenities including a large fitness centre, swimming pool, Jacuzzi, garden and entertainment room. This is a warm home where you can enjoy a luxurious and comfortable life. Bonus OVERSIZED 11×7 storage locker. Bring your ideas and make this unit yours!
Have you been considering selling? Reach out to us today for a no obligation home evaluation! Have our world class marketing working for you, to get you the most for your investment!
JUST LISTED
RIVERS EDGE – LANGLEY CITY – 2 bed, 1 bath condo, BONUS 2 parking, perfect for first time buyers!!
211 20454 53 Avenue
1 bath
2 parking
824 sq ft
Offered at $449,800
Welcome to RIVERS EDGE, this spacious 2 bed 1 bath condo is perfect for savvy investors or first-time buyers to put their stamp on! This home features a great size primary bedroom with large walk in closet. Need storage? Not a problem in this unit with a large storage room accessible from the foyer and the hallway, great for additional pantry space and other storage needs. Space saving kitchen opens to the dining and living room which has access to the large balcony. Shared laundry with plenty of washer and dryers. BONUS 2 parking spaces with this unit!! Steps away from trails, green space and Portage Park. Close to multiple other parks, schools, shopping, restaurants. Good transit links and will be close to the new SkyTrain Station coming to Langley. Donโt wait on this one!
For full walk through video visit https://garryvoigt.com/…/211-20454-53-avenue-langley…/
๐ฅTake a tour through our latest listing ESPANA – DOWNTOWN VANCOUVER๐ฅ
๐ 506 633 Abbott Street
๐ 2 bed
๐ 2 bath
๐ 1 parking
๐ 973 sq ft
๐โโ๏ธ World class amenities
๐ฅ Fully furnished – turn key
๐ธ Offered at $1,099,800
Turnkey, fully furnished, cash flow Airbnb opportunity! Here is your chance to purchase a beautiful 2 bed, 2 bath, 973 sq/ft, CORNER unit overlooking the QUIET courtyard, fully furnished & ready to enjoy for personal use & Airbnb!! Wall to wall oversize windows flood the home with natural light & the open floor plan is perfect for entertaining. Kitchen w/SS appliances, ample granite counter space & wine fridge. West facing quiet patio and windows with a city scape view from every room! Desirable layout with each bedroom & bathroom at opposite ends for ultimate privacy. Espana has world class amenities including gym, pool, hot tub & sauna. Unbeatable location, walkable to transit, Rogers Arena, Yaletown, restaurants, parks, shopping, everything Vancouver has to offer on your doorstep!
For photos and more info garryvoigt.com/listings.
Why is it so important to have personal insurance when you buy a strata property?
When you purchase a strata property, the building itself would be covered by the strata insurance policy but what about those items that are not covered?
You will need to have your own insurance for
When we receive strata documents there will be a Strata Insurance Summary attached that you would need to send to your insurance broker in order for them to obtain a quote for your personal insurance. Personal insurance is an additional cost but so important in order to protect yourself.
For more information on anything related to Real Estate reach out to Garry Voigt 604 789 2140 or email info@garryvoigt.com
‘Fraser Valley real estate market weakens as sales and prices continue to edge downward’
SURREY, BC โ Property sales and new listings in the Fraser Valley fell again in October as consumers continued to put home buying and selling decisions on hold in the face of elevated interest rates.
The Fraser Valley Real Estate Board recorded 970 transactions on its Multiple Listing Serviceยฎ (MLSยฎ) in October, a drop of 12 per cent from the previous month and the fourth consecutive decrease since the 12-month high of 1,935 sales recorded in June.
At 2,535, new listings also fell again, decreasing by 11 per cent from September and by 28 per cent since peaking in May at 3,533.
โWhat weโre seeing in the Fraser Valley and indeed across the province is the impact of sustained high interest rates on the overall market,โ said Narinder Bains, Chair of the Fraser Valley Real Estate Board. โThis has been the case since the latter half of the year so far, and we anticipate the trend will continue until we start to see some downward movement in the policy rate.โ
Active listings in October were 6,580, up by less than 1 per cent over last month and up by 17 per cent over October 2022. The sales-to-active listings ratio was 15 per cent, creating balanced conditions in the overall market, with detached houses dipping into buyersโ market territory at 12 per cent. The market is considered balanced when the ratio is between 12 per cent and 20 per cent. โAs the market continues to adjust to the new rate realities, pricing and financing strategies become critical,โ said FVREB CEO, Baldev Gill. โA knowledgeable professional REALTORยฎ, armed with the latest comparative market data and neighbourhood insights, can be the key to determining optimal market timing.โ
Overall benchmark prices continued to slide for the third month in a row, losing 1.4 per cent compared to September.
For more info on the market reach to Garry Voigt 604 789 2140 email info@garryvoigt.com
JUST LISTED – OCEAN BAY VILLAS South Surrey – 2 bed – 2 full bath over 900 sq ft with huge entertaining deck
405 15350 16A Avenue
2 bed
2 Bath
918 sq ft
Large entertainment deck
Welcome to Ocean Bay Villa. This 2 Bed, 2 bath, top floor condo feels like a โpenthouseโ with high ceilings in the living room allowing for tons of natural light. The balcony, facing the courtyard is huge with tons of space for entertaining & includes extra storage. The kitchen with stainless appliances & plenty of quartz countertops opens nicely to the dining/living room with cozy gas fireplace. The great flow continues to the 2 bedrooms, 2nd full bath & master suite with access to the balcony plus a large ensuite with soaker tub & large linen closet. The building has great amenities, Gym, Rec center, Guest Suite & Caretaker plus 2 parking spaces & storage locker. The location of this home cannot be beat, just minutes away to shops and restaurants. Open House June 3rd & 4th, 2 โ 4PM.
For price, floorplan, strata fees and walk through video visit: https://garryvoigt.com/…/405-15350-16a-avenue-surrey…/
JUST LISTED – WHITE ROCK – Large, 2 bed – 1 bath condo, close to all amenities and a short drive to the beach!
306 1554 George Street
2 bed
1 Bath
1039 sq ft
Southwest facing deck
Welcome to THE GEORGIAN. This 2 bed 1 bath TOP FLOOR condo is over 1000sq ft, in a great location and sits on the southwest corner of the building allowing for tons of natural light. The functional floor plan has 2 large bedrooms separate from the living area and the master has a cheater ensuite. Features include gas fireplace, oak engineered wooden floors in the living area, nicely updated bathroom, vanity with quartz counters and soaker tub and includes in floor electrical radiant heat ceramic tile floor. The kitchen features a large pantry for bonus added storage. Plenty of space for a large couch in the open plan living room and good size dining area. Enjoy an evening on the southwest facing balcony. Close to schools, transportation, shopping, beach, golfing and all amenities!
For walkthrough video, strata fees, measurements and price visit our website: https://garryvoigt.com/…/306-1554-george-street-white…/