BC PREPARES TO START TO OPEN UP THE ECONOMY AND HERE IS HOW THEY PLAN TO DO IT

BC’s Restart Plan lays out a series of steps that we will take together to protect people and ensure that our province can come back from COVID-19 stronger than before.

Around the world, governments have taken different approaches to try to bend and flatten the curve of transmission — from complete lockdowns to quarantines and varying intensities of physical distancing.

From the outset, B.C. established clear guidance, transparency and an evidence-based approach as hallmarks of our fight against COVID-19.

Protective measures B.C. has taken have included:

  • Providing physical distancing and hygiene guidelines for people, businesses and essential services to follow
  • Banning mass gathering of more than 50 people to reduce the risk of outbreaks
  • Closing bars, dine-in service at restaurants, and personal service operators, like barbers and dentists, to reduce the risk of transmission
  • Reducing in-classroom learning and child care
  • Requiring travellers to develop and stick to a 14-day isolation plan when arriving in B.C. from abroad
  • Restricting visitors to health care and assisted living facilities to protect some of our most vulnerable people
  • Postponing non-urgent and elective surgeries while maintaining urgent and emergency procedures

Working together we’ve made a lot of progress. These protective measures and restrictions have directly saved lives, but we also know that the public health benefit has come at some expense, including the economic, social and personal well-being of many British Columbians.

Check out the BC Government website for more info.

 

 


CHECK OUT THE LATEST SNAPSTATS VIDEO FOR APRIL IN THE FRASER VALLEY

Check out the latest SnapStats video for the Fraser Valley. Due to the pandemic we are not seeing the typical number of sales we would see at this time of year. However there has been almost no change in benchmark prices in either condos, townhomes or single family home. In fact prices are slight up over last month and also up over this time last year. The SnapStats indicate that we are currently in a ‘balanced market’

 

 


Check out the March 2020 SnapStats for the Fraser Valley.

The typical ‘Spring Market’ made a great start in March but the need for social distancing meant we had to make some big changes on how we do business and that was bound to have an impact on sales. Take a look at the SnapStats Video for the Fraser Valley – March 2020.

For more information on how we have adapted our business and the current market, call or email Garry Voigt – 604 789 2140, info@garryvoigt.com.

 


THE WONDERFULLY UNIQUE HEMP HOUSE IS SOLD

We are extremely excited to announce the successful sale of the coveted “Hemp House”. A truly unique, one of a kind, architectural masterpiece. Another one will not come along like it! Congratulations to our sellers and thank you for allowing us the opportunity to market this masterpiece, as well as congratulations to the buyers for acquiring a beautiful home and property.


CHECK OUT THE LATEST SNAPSTATS FOR THE FRASER VALLEY FOR FEBRUARY 2020

Check out the latest SnapStats for the Fraser Valley for February 2020. Sales are up and there has been a slight increase in sales prices indicating that we are in a ‘Sellers Market’. We are once again seeing multiple offer situations not only in condos and townhomes but also single family homes. Inventory is low and there are a lot of buyers out there!!

Contact Garry Voigt today for more information 604 789 2140 or info@garryvoigt.com

 

This report data was captured on March 2, 2020 from the Fraser Valley Real Estate Board MLS® . Refer to our YTD reports for sustained periods of the Sales Ratio % . The accuracy and completeness of the information is not guaranteed. In providing this information SnapStats® or Garry Voigt do not assume any responsibility or liability. More info at snap-stats.com .


BANK OF CANADA REDUCES THE BENCHMARK INTEREST RATES BY 50 BASE POINTS

The Bank Of Canada today announced that they were reducing the benchmark interest rate from 1.75% to 1.25%.

The outbreak of Cornavirus is having a negative impact on the global economy and according to the Bank Of Canada “a material negative shock” to Canadian and global outlooks.

The slash in the interest rate, coupled with the relaxation in the street test could me more borrowing power for buyers. The market is already hot right now with many buyers once again finding themselves in multiple offer situations. Now is definitely a good time to list!

Contact Garry Voigt for more information 604 789 2140 or info@garryvoigt.com.

Click on the links below for more information.

Globe and Mail

 


JUST LISTED – BURNABY – 2 BED – 2 BATH CONDO – WITH SPECTACULAR VIEWS

1003 2225 Holdom Avenue. Welcome to LEGACY by the very reputable BOSA. Corner, southwest unit with spectacular views of the city, mountains and Mt. Baker. Very OPEN floor plan with floor to ceiling windows all around for an abundance of natural light. This unit features 2 bedroom plus den, 9 foot ceilings, large 160 sq ft balcony to fit in house size patio furniture. Recently painted, open kitchen with Granite counter tops in both the kitchen and bath rooms. Comes with 2 side by side parking, 1 locker, 1 bike storage. 6000 sq ft rec facility including fully equipped exercise room, spa, steam room and sauna and lounge. Located next to Holdom Skytrain Station. Pets allowed (one cat or one dog). Rentals allowed.

CLICK HERE FOR FULL INFO


NEW NORDSTRUM RACK STORE COMING TO WILLOWBROOK MALL IN APRIL

After the closure of the Sears store in Willowbrook Mall, the building that it occupied has remained empty for a few years. With the revamp of much of the Langley Willowbrook Mall, there has been a lot of speculation as to what kind of business would take the place of the iconic Sears.

The wait is now over as it has been revealed that a new Nordstrum Rack store is now coming to Langley. Set to open on April 23rd 2020, the 30,000 sq. ft. store will be selling “apparel, accessories and shoes for the whole family, from many of the top brands sold at Nordstrom stores at everyday savings of up to 70 percent off”.

Not only will this make a great addition to Langley and Willowbrook but the opening of the store is creating many job opportunities, anything from Department Managers to Sales Associates.

READ MORE HERE

 

 


BC SPECULATION TAX – IT’S TIME TO DECLARE

It’s that time of year once again when the BC Speculation Tax letters will be dropping into your mailbox.

Who needs to declare?

  • All residential property owners in the TAXABLE REGIONS must apply.
  • If a property has more than one owner, a separate declaration must be made for each owner.
  • Even if the other owners are family members or part of an estate, each owner needs to complete a declaration.

The Government claims that ‘99% of British Columbians are exempt’ from the tax so have your letter ready and LOG ON HERE to start you declaration.

The tax amount has changed from 0.5% to 2% for homeowners who are not exempt. To find out who is eligible for the exemption, check out the BC SPECULATION TAX website or call 1-833-554-2323.

Remember you must declare by March 31st 2020 in order to qualify for the exemption.

Contact Garry Voigt for more information 604 789 2140 or info@garryvoigt.com

 

 


B.C. SET TO RELAX THE RULES ON SECONDARY RESIDENCES ON ALR

In 2019 the BC Government bought in legislation to limit the size of residences on farm land to halt the building of so-called “Mega Mansions’ Another part of this legislation was the necessity for farmers to get permission from the Agricultural Land Commission to build secondary residences on their land.

The changes propose that secondary residences be allowed on ALR land but they cannot be more than 1000 sq ft. However, there would be more flexibility for use including being able to use the secondary home as rental accommodation. This is great news for farmers!

It is proposed that the maximum size of primary residences will remain at 5,400 but secondary residences will no longer have to be mobile or manufactured homes.

Click on the links below to read more.

VANCOUVER SUN

BC GOV NEWS

If you would like more information call Garry Voigt 604 789 2140 – Your Local Langley Realtor