October continued to be a record breaking month for sales in the Fraser Valley and we continue to see a rise in demand and a lack of inventory, make this a ‘sellers market’ for another month. Check out the video and contact Garry Voigt for more information.
In this 5 acre, nature lovers paradise you will find a stunning CUSTOM Farmhouse with a beautiful wrap around deck. Located in desirable Campbell Valley, superb setting for a growing family on a farm, close to schools! A grand foyer leads to formal dining room & designated office. The two-tone farm style kitchen opens to the eating area & living room with cozy gas fireplace, perfect for the winter evenings & entertaining. Upstairs are 4 spacious bedrooms, BONUS Loft & large rec room. The lavish master suite features gas fireplace, huge spa like ensuite, stand up shower, walk in closet & soaker tub. Peaceful rural views from every window! Downstairs has a large 2 bed + den WALK OUT mortgage helper. BONUS mobile home for extended family. Refurbish the barn or plenty of room to build a shop!
For more info contact Garry Voigt email@example.com – 604 789 2140
The Fraser Valley Real Estate Board processed 2,231 sales on its Multiple Listing Service® (MLS®) in September, an increase of 66.1 per cent compared to the same month last year and an increase of 9.4 per cent compared to August 2020. This is the highest recorded sales for September in the history of FVREB.
In the last three months, Fraser Valley has seen a defined shift in demand towards single family detached homes with sales in July through to September garnering 47 per cent of the three main residential types, compared to 43 per cent during the same period last year.
*Stats above based off data from Fraser Valley Real Estate Board stats centre.
For more information contact Garry Voigt – 604 789 2140 – firstname.lastname@example.org
Welcome to Station 54! This 2 bath & 1 bed + den (Being used as a second bedroom) is very centrally located in Langley, with shopping and restaurants right across the street! This unit faces east with an abundance of trees for privacy. Nice light, bright and open floor plan. Kitchen has newer stainless steel stove and fridge plus an eat up island that opens up to the generous sized dining and living room, perfect for entertaining! East facing balcony directly off of the living room, perfect for morning coffee. The master bedroom is a great size with his and hers closets leading to the ensuite. BONUS 2 piece powder room off the entrance for company! Walk to everything Langley has to offer, parks, shopping and recreation! OFFERED AT $329,800
For More information call Garry Voigt 604 789 2140 or email email@example.com
WELCOME TO LATITUDE! This UNIQUE ground floor, CORNER, 2 bed & 2 bath unit has NO neighbours, nobody above or below! This past SHOWHOME unit received extras including french doors accessing to a large fully fenced patio! This home features a bright, open floor plan, high end kitchen with stainless steel appliances, eat up island and ample cabinet and counter space with under cabinet lighting. 2 good size bedrooms & 2 full baths, master ensuite has double sink with frameless shower! + BONUS $3500 in custom closet organizer upgrades. The building has great features such as fitness room, party room with pool table & kitchen, + very secure fenced 8000 sq/ft courtyard with outdoor play area & garden blocks. Steps to transit, Panorama Village and walkable to Elementary and Secondary schools.
For more information call or email Garry Voigt 604 789 2140 firstname.lastname@example.org
Welcome to BLACKBERRY LANE 3! Here is your opportunity to own a FULLY RENOVATED CORNER UNIT condo featuring beautiful new laminate floors throughout, STUNNING kitchen with white shaker soft close cabinets with under cabinet lighting, new bathrooms, paint, the list goes on! OPEN layout offers a large dining area, GAS fireplace with stone surround spacious 1181 sq/ft unit with a large south east facing COVERED deck. Ample PRIVACY with rooms on the opposite side of the unit. Oversized master features a CUSTOM walk in closet & will fit a king bed, en suite features rainfall shower, custom built linen closet & Frameless glass. Very QUIET building with tons of updates including decks, roof & boiler in 2018. 2 parking, storage locker and just steps to Linwood Park & off leash dog park. Don’t wait
Call or email Garry Voigt 604-789-2140 email@example.com
TOP FLOOR CORNER PENTHOUSE , Gibbons Layne! Meticulously clean, like new condition, this gorgeous unit has a wide OPEN, BRIGHT floor plan, 9ft ceilings & tons of windows for natural light. HUGE 1,152 sq/ft condo has two good size beds on opposite sides for privacy, open kitchen with tons of storage, newer SS appliances, shaker cabinets, eat up island, dining area big enough for 8 people. BBQ on the N/W facing wrap around deck with nice afternoon/evening sun. HUGE living room for entertaining, crown moulding, updated LED lights. Master easily fits a king with spa like ensuite, heated floors, soaker tub & separate shower! Laundry room with storage + a storage locker & 2 PARKING! Central location in Langley city close to shopping, transit, restaurants, parks & walk to Nicomekl Elementary!
For more information call or email Garry Voigt 604 789 2140 or firstname.lastname@example.org
20552 96a Street – Property like this one rarely comes on the market in Langley! This amazing 7079 sq ft cul-de-sac lot is backing onto picturesque greenbelt in desirable Walnut Grove with a beautiful open view of the creek. Private fully fenced backyard is completely redone with a resort like setting complete with 18×36 kidney shaped INGROUND pool, newer HOT TUB and GAZEBO with built in bar, TV and huge wrap around deck. Sundeck is spacious with custom made benches by the pool and second BAR with built-in fridge and seating area. This beautiful and spacious family home is freshly renovated with 4 bedrooms up, large master bedroom has brand new spa like master bath, custom made kitchen with tons of storage, SS appliances and Air Conditioning. This house has it all! Call Garry Voigt for more information 604 789 2140 – email@example.com
CMHC has announced new changes coming on July 1st. You can read the official CMHC announcement here. But here’s a quick summary of the changes:
– Minimum Credit Score rises from 600 to 680
– Maximum GDS drops to 35% (formerly 39%)
– Maximum TDS drops to 42% (formerly 44%)
– Borrowed Down payments are banned
Do you need to panic?
Not necessarily as there are 3 insurers in Canada. So far CMHC is the only one that has announced any changes. It is possible that the other 2 mortgage insurers (Genworth & Canada Guaranty), won’t follow at all, or they’ll only follow some of the rules. In fact, it might be a good competitive advantage for them not to follow all of the changes (unless mandated by the federal government). We may hear from the other 2 insurers early next week.
What does each change mean?
No More Borrowed Down payment – This isn’t really a big deal at all, as virtually zero lenders participated in this program, and the way this program worked it was pretty much an un-used program anyways. In fact, as you read this, you likely didn’t even know this program was still an option.
Credit Score Requirement – CMHC now requires a minimum 680 credit score (for 1 borrower). Previously it was 600. CMHC says that less than 6% of their mortgage applications this year had scores below 680, so it should not really affect a lot of CMHC buyers anyways…but it will affect some.
35/42 GDS/TDS – This is without a doubt the biggest announced change, and it could potentially have the largest effect on the lower end of the real estate market. This could affect an average borrower anywhere from 12% or more on their borrowing power. For example if you qualified to borrow $500,000 before, your maximum mortgage is now reduced to about $440,000.
Why are they doing this?
This only affects people buying homes after July 1st. And it will mostly affect the purchasing power of the youngest, the lowest income and lowest down payment buyers.
It won’t affect any of the following types of mortgage borrowers:
– Any buyer with over 20% down payment
– Any buyer of a home valued more than $1 Million
– Rental property purchasers
– Anyone refinancing their mortgage
– Anyone renewing their mortgage.
So, it only affects a very small portion of home buyers in the lower mainland. Unfortunately this could meant that it’s the first-time buyers that are hurt the most. Those same first-time buyers that were hurt the most from the mortgage stress test.
If you’re preapproved, and you’re intending to buy a home with less than 20% down payment, you definitely need to speak to us about how this might affect you. It might put some urgency to buy a home before July 1st.
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.