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’

 

 


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.


JUST LISTED – 2 BED – 2 BATH CONDO IN A HOT ABBOTSFORD LOCATION!

Welcome to COLLEGE PARK PLACE. This 2 bed 2 bath open plan unit is light and bright & Benefits from southern exposure. The great layout has bedrooms separated by the living space for max privacy & has 2 full bathrooms. Stylish laminate flooring throughout, crown molding & updated pot lights in living room. Tons of storage, BONUS, 2 large pantries & laundry/storage room, side by side washer dryer & cabinets. Master bedroom could fit a king bed & has walkthrough his and hers closets. Spend winter in front of the cozy gas fireplace (gas included) or sun filled summer days on the south facing deck. 2 parking spaces. Excellent CENTRAL location, minutes to highway 1, walking & biking trails, shopping, restaurants, Abbotsford Events Centre and the University Of Fraser Valley.


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

 


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

 


HAVE YOU EVER CONSIDERED THE BENEFITS OF BUYING VS RENTING?

There is no doubt about it, there are definitely some benefits to renting a home rather than taking the leap to purchase. Your costs can be lower than if you purchase but what about getting a return on that investment?

The article below sets out 5 really good incentives to buy instead of renting.

 

  1. Possible Tax Breaks
  2. Getting help from CMHC to purchase a home
  3. Using your RRSP contributions as leverage
  4. GST New Housing Rebate
  5. Building Equity and Credit

Click Here to read the article recently published in REW.ca

If you are looking to buy your first home and want more information about the benefits of buying a home call Garry Voigt today, email www.garryvoigt.com or call 604 789 2140. We have helped many happy first time buyers navigate their first purchase!

 


INVENTORY IS LOW – IF YOU ARE THINKING OF LISTING – GET AHEAD OF THE COMPETITION AND DO IT NOW!

The end of 2019 showed no let up in Real Estate sales and the market was extremely strong! We are in what is considered a ‘Sellers Market’** with some homes going into multiple offers due to low inventory and strong demand from buyers.

**For example, the inventory for Langley Condos was down 30% from November to December 2019 but sale price was up 1%. Sales price per sq ft was up 8%.

Inventory for Langley detached homes was down 35% compared to November and sales prices remained unchanged.

Don’t wait for the ‘Spring Market’! In this sellers market, it pays to get ahead of the competition! If you are considering selling your home in Langley, Cloverdale or in the Fraser Valley, let the Garry Voigt Real Estate Team help.

Gall Garry Voigt today 604 789 2140 or email info@garryvoigt.com.

**© 2010-2020 SnapStats® Publishing Co. All rights reserved. No part of this publication may be reproduced, copied, posted on the internet or forwarded in any printed or electronic form at without written permission. This report data was captured on January 2, 2020 from the Fraser Valley Real Estate Board M LS® . 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. M ore info at snap-stats.com .


YOUR BC ASSESSMENT IS IN – LEARN MORE ABOUT WHAT THIS MEANS FOR YOU

If you live in BC, you may have already received your new BC Assessment. Understanding why your Assessment has increased or decreased compared to the previous year can be extremely confusing.
One of the most important things to understand is that the Assessment is actually based on the market value of your house as of July 1st the previous year, and not the market value in January when the Assessment is mailed. The Assessment also does not necessarily have any bearing on the actual Market Value of your home and this can lead to even more confusion.
For a more accurate, up to date valuation your Realtor can create a Comparable Market Analysis. Contact Garry Voigt and let his expertise help you understand your home’s market value.
There is a lot of information contained with the BC Assessment website that tries to help clarify
the Assessment process. Click on the video and link below for more.
If you disagree with you Assessment you can appeal but you have to do this before the January 31st deadline!!