Langley

BANK OF CANADA ANNOUNCES NO CHANGES TO INTEREST RATES

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.
• Wednesday, January 24
• Wednesday, March 6
• Wednesday, April 10
• Wednesday, June 5
• Wednesday, July 24
• Wednesday, September 4
• Wednesday, October 23
• 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

JUST SOLD – CUTE 3 BED 2 BATH RANCHER IN CENTRAL ALDERGROVE – SOLD IN 2 WEEKS!

🥂JUST SOLD!🥂

🎉 BIG congratulations is in order to our friends and past clients on the quick sale of their family home in Aldergrove! Thank you for giving us the opportunity to a part of the big milestone and trusting us to facilitate the process!

📍26953 28A Avenue – Aldergrove

🛌 3 bed

🛀 1.5 bath

🚗 4 parking

📐 1407 sq ft

🌳 8496 sq ft lot

🏊 Walk to parks and pool

Cute 3-bedroom rancher perfect for downsizing or young families. Situated on a large 8496 sq ft fully fenced lot, it is perfect for kids & pets. Living room with gas fireplace, cozy farmhouse style kitchen & dining room & bonus large pantry & 3 great size bedrooms, main fits a king. A few steps down you will find an additional family room. Upgrades incl, Fresh exterior paint, new insulation throughout, new front steps, refinished hardwood, brand new stainless fridge freezer & new furnace. The back yard is a year-round entertainers dream with great size, partially covered patio. New fencing, including the entire front lot. Tons of parking, space for an RV. The location cannot be beat, 10 minutes walk to elementary, middle & High school. Walk to skate & Athletic Park & CO-OP outdoor pool!

CLICK HERE for full listing info

JUST LISTED – 211 20454 53 AVENUE – LANGLEY CITY – 2 BED 1 BATH CONDO – UNDER $450,000

💥💥JUST LISTED💥💥

RIVERS EDGE – LANGLEY CITY – 2 bed, 1 bath condo, BONUS 2 parking, perfect for first time buyers!!

📍 211 20454 53 Avenue

🛌 2 bed

🛀 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. Don’t wait on this one!

For full walk through video visit https://garryvoigt.com/…/211-20454-53-avenue-langley…/

PLEASE BUY AN EXTRA TOY AND DROP IT OFF AT THE 2023 CHRISTMAS WISH BREAKFAST – NOV 29TH.

Date: Wednesday, November 29, 2023

Time: 6:30am – 9:30am

Location: Newlands Golf & Country Club, 21025 48th Avenue, Langley BC

We invite you to join us on Wednesday, November 29th for Langley’s third annual Christmas Wish Breakfast. Everyone who turns up between 6:30am and 9:30am to donate a new unwrapped toy, gift card, or make a cash donation will be treated to a complimentary breakfast prepared by the Newlands culinary staff. The crowd will be entertained by local singers and musicians and a visit from Santa and Mrs. Claus, and volunteers from the Langley City Fire Department and RCMP will be on hand to receive the toys on behalf of the Christmas Bureau.

NEW ZONING RULES WILL MEAN MORE HOUSING OPTIONS!

Proposed New legislation in BC for Small-Scale multi unit housing.

As part of the Homes for People Action Plan this new legislation aims to create more housing options within existing neighbourhoods that are typically zoned only for condos and single-family homes. The plan is to allow zoning to build more multi family units such a townhomes, duplexes and row homes on existing single-family lots.

The aim is to also reduce the limitations and red tape that typically hold up housing projects due to rezoning. The number of homes permitted will depend on the lot size, less than 280 sq metres 3 units and over 280sq metres 4 units. Lots over 280sq metres near transit that has frequent stops could have up to 6 units.

Reach out to us for more information!

WHY IS IT SO IMPORTANT TO HAVE PERSONAL INSURANCE WHEN BUYING A STRATA PROPERTY

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

  • All of your personal items, furniture, electronics, clothing etc.
  • Additional living expenses – if there is a fire or flood for example and your home is not liveable for a time.
  • Betterments and improvements – this will provided coverage for any renovations you have done to the home such as updated flooring, countertops etc. Anything that was not originally put in the unit by the builder but is an upgrade.
  • Strata Deductibles – your strata insurance will have deductible amounts, such as water damage. You need to be insured for these deductibles that are payable, they can range from $5,000 to $100,000. For example, if you live in a condo and you have a water leak that damages a unit below, you will be responsible for repairs and you need to be insured for this.
  • Personal Liability – This will protect you in the event that someone against you for property damage or bodily injury.

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