The latest news focuses on increasing interest rates (several more are anticipated for 2022), inflation and economic uncertainty with indications that our economy could be heading into recession. This has a significant impact on the housing market. Source: https://capital.com/amp/bank-of-canada-interest

Despite market changes, try to keep in mind that when most people purchase property, they are in it for the long game. If it’s a long term purchase you plan to make, historically things balance out over time Source: Is Buying A House During A Recession A Good Idea? (advisorstream.com) If you are planning to sell, it is not a bad time either, as you could sell and buy at the tipping point. I’ve made my best real estate investments by paying attention to market shifts. It would be great to share my thoughts with you.

My thoughts- interest rate increases mean there are less people able to qualify for mortgages. Typically, less demand leads to:

1) a balanced market or buyers’ market. We are starting to see the re-entry of ‘subject to sale’ clauses in offers. Last year these were close to non-existent because it was a sellers’ market.

2) a decrease in sale prices

3) increased demand for rental units

July year-over-year sales in Greater Vancouver decreased 36.4% (condo market) and 43.3% (detached home market). Why? This is because homebuyers are exercising more caution in today’s market in response to rising interest rates and inflationary concerns. Over the last three months, this has resulted in the selection of homes for sale to increase and prices to trend downwards. Keep in mind that listings compared to July 2021 have increased. “After two years of market conditions that favoured home sellers, home buyers now have more selection to choose from and more time to make their decision.” (Source: Metro Vancouver Market Highlights, JULY 2022, REBGV) :

What type of market are you in?

BUYERS MARKET: 0-11% SR BALANCED MARKET 12-20% SR SELLERS MARKET: 21%+ SR

Sales Ratio (SR) = Sales to Active Listing Ratios ie. 110% SR means that there is not enough inventory to satisfy buyer demand (this was the market in 2021).

In the Fraser Valley the market has SHIFTED to a BALANCED MARKET (18% sales ratio)! The number of listings rose from 3581 in July 2021 to 5024 in July 2022 HOWEVER, sales decreased from 1801 in July 2021 to 887 in July 2022. Overall, sale prices still increased 8%. (Source: Fraser Valley Real Estate Board, August, 2022).

In Greater Vancouver the market has changed however, it REMAINS a SELLER’S MARKET (26% sales ratio)! The number of listings rose from 2562 in July 2021 to 2752 in July 2022. Sales decreased from 1254 in July 2021 to 705 in July 2022. Overall, sale prices still increased 8%. (Source: REBGV, August, 2022).

**Curious how your city is performing? Click on the links below**

The Condo & Townhome market is holding stronger than the detached housing market as more people can afford to purchase. The best markets to be selling in now are New West, POCO & N. Van, whereas the best deals for buying are in Mission, Vancouver, W. Van, Surrey & Ladner. Many people are choosing to wait a while longer before they purchase and that is helping to drive up the demand for rentals. Click here to see the attached housing market.

The detached housing market has changed immensely. The best markets to be selling in now are POCO, Port Moody, Burnaby or North Van, whereas the best buys should be in S. Surrey, Mission, W. Vancouver and Eastside Vancouver.  Click here to see the detached housing market.

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I have sold a property at 3203 MARINER WAY in Coquitlam.
Look no further- your family home or investment property awaits! This spacious 2287 sqft home is nestled amongst the trees & backs onto a ravine, giving privacy & a parklike feel. Access via private driveway off Windward. This property sports a generous, bright & open entertainer's kitchen with island. Covered deck off the kitchen, large living room with fireplace, flex space with 3 bedrooms up. Downstairs you'll find a huge, one-bedroom suite with spacious rec room with fireplace, wet bar, kitchen, separate entrance & laundry room. Come enjoy this family friendly neighborhood with many schools, beautiful trails & parks nearby. Ranch Park Elementary, Hillcrest Middle School and Dr. Charles Best High School are a few minutes away. Transit is nearby. Open House June 4 Sat 1-3, June 5 Sun 2-4
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I have listed a new property at 3203 MARINER WAY in Coquitlam.
Look no further- your family home or investment property awaits! This spacious 2287 sqft home is nestled amongst the trees & backs onto a ravine, giving privacy & a parklike feel. Access via private driveway off Windward. This property sports a generous, bright & open entertainer's kitchen with island. Covered deck off the kitchen, large living room with fireplace, flex space with 3 bedrooms up. Downstairs you'll find a huge, one-bedroom suite with spacious rec room with fireplace, wet bar, kitchen, separate entrance & laundry room. Come enjoy this family friendly neighborhood with many schools, beautiful trails & parks nearby. Ranch Park Elementary, Hillcrest Middle School and Dr. Charles Best High School are a few minutes away. Transit is nearby. Open House June 4 Sat 1-3, June 5 Sun 2-4
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Please visit our Open House at 3203 MARINER WAY in Coquitlam.
Open House on Saturday, June 4, 2022 1:00PM - 3:00PM
Look no further- your family home or investment property awaits! This spacious 2287 sqft home is nestled amongst the trees & backs onto a ravine, giving privacy & a parklike feel. Access via private driveway off Windward. This property sports a generous, bright & open entertainer's kitchen with island. Covered deck off the kitchen, large living room with fireplace, flex space with 3 bedrooms up. Downstairs you'll find a huge, one-bedroom suite with spacious rec room with fireplace, wet bar, kitchen, separate entrance & laundry room. Come enjoy this family friendly neighborhood with many schools, beautiful trails & parks nearby. Ranch Park Elementary, Hillcrest Middle School and Dr. Charles Best High School are a few minutes away. Transit is nearby. Open House June 4 Sat 1-3, June 5 Sun 2-4
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Please visit our Open House at 3203 MARINER WAY in Coquitlam.
Open House on Sunday, June 5, 2022 2:00PM - 4:00PM
Look no further- your family home or investment property awaits! This spacious 2287 sqft home is nestled amongst the trees & backs onto a ravine, giving privacy & a parklike feel. Access via private driveway off Windward. This property sports a generous, bright & open entertainer's kitchen with island. Covered deck off the kitchen, large living room with fireplace, flex space with 3 bedrooms up. Downstairs you'll find a huge, one-bedroom suite with spacious rec room with fireplace, wet bar, kitchen, separate entrance & laundry room. Come enjoy this family friendly neighborhood with many schools, beautiful trails & parks nearby. Ranch Park Elementary, Hillcrest Middle School and Dr. Charles Best High School are a few minutes away. Transit is nearby. Open House June 4 Sat 1-3, June 5 Sun 2-4
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Please visit our Open House at 3203 MARINER WAY in Coquitlam.
Open House on Sunday, May 29, 2022 1:00PM - 4:00PM
Look no further- your family home or investment property awaits! This spacious 2280 sqft home is nestled amongst the trees & backs onto a ravine, giving privacy & a parklike feel. Access via private driveway off Windward. This property sports a generous, bright & open entertainer's kitchen with island. Covered deck off the kitchen, large living room with fireplace, flex space with 3 bedrooms up. Downstairs you'll find a huge, one-bedroom suite with spacious rec room with fireplace, bar area, kitchen, separate entrance & laundry room. Come enjoy this family friendly neighborhood with many beautiful trails & parks nearby. Ranch Park Elementary, Hillcrest Middle School and Dr. Charles Best High School are a few minutes away. Transit is nearby. Hurry! Tell your friends. This won't last long.
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Please visit our Open House at 3203 MARINER WAY in Coquitlam.
Open House on Sunday, May 22, 2022 1:00PM - 4:00PM Join us for coffee Sunday, May 22.
Look no further- your family home or investment property awaits! This spacious 2280 sqft home is nestled amongst the trees & backs onto a ravine, giving privacy & a parklike feel. Access via private driveway off Windward. This property sports a generous, bright & open entertainer's kitchen with island. Covered deck off the kitchen, large living room with fireplace, flex space with 3 bedrooms up. Downstairs you'll find a huge, one-bedroom suite with spacious rec room with fireplace, bar area, kitchen, separate entrance & laundry room. Come enjoy this family friendly neighborhood with many beautiful trails & parks nearby. Ranch Park Elementary, Hillcrest Middle School and Dr. Charles Best High School are a few minutes away. Transit is nearby. Hurry! Tell your friends. This won't last long.
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Please visit our Open House at 58 6945 185 ST in Surrey.
Open House on Saturday, May 21, 2022 2:00PM - 4:00PM
Welcome to YOUR new home! Enjoy this spacious 1455 sqft Craftsman-style townhome at Mackenzie Estates. You'll enjoy 10 ft ceilings on the main floor with a spacious kitchen, generous island and dining area, giving this home a bright & open feel. You'll get a modern color scheme, crown moldings throughout, stainless steel appliances, floating electric fireplace and quartz countertops. This unit has a large den on the main, 88 sf patio & extra garage storage space. This location can't be beat - steps from Fraser Hwy & transit, short walking distance to amenities like Save On Foods, Tim Horton's, restaurants, churches, shopping & medical. Catchment schools are Clayton Elementary and Salish Secondary. Hurry and book your showing - this won't last long!
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Please visit our Open House at 3203 MARINER WAY in Coquitlam.
Open House on Sunday, May 15, 2022 1:00PM - 4:00PM Join us for coffee & donuts
Look no further- your family home or investment property awaits! This spacious 2280 sqft home is nestled amongst the trees & backs onto a ravine, giving privacy & a parklike feel. Access via private driveway off Windward. This property sports a generous, bright & open entertainer's kitchen with island. Covered deck off the kitchen, large living room with fireplace, flex space with 3 bedrooms up. Downstairs you'll find a huge, one-bedroom suite with spacious rec room with fireplace, bar area, kitchen, separate entrance & laundry room. Come enjoy this family friendly neighborhood with many beautiful trails & parks nearby. Ranch Park Elementary, Hillcrest Middle School and Dr. Charles Best High School are a few minutes away. Transit is nearby. Hurry! Tell your friends. This won't last long.
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I have listed a new property at 58 6945 185 ST in Surrey.
Welcome to YOUR new home! Enjoy this spacious 1455 sqft Craftsman-style townhome at Mackenzie Estates. You'll enjoy 10 ft ceilings on the main floor with a spacious kitchen, generous island and dining area, giving this home a bright & open feel. You'll get a modern color scheme, crown moldings throughout, stainless steel appliances, floating electric fireplace and quartz countertops. This unit has a large den on the main, 88 sf patio & extra garage storage space. This location can't be beat - steps from Fraser Hwy & transit, short walking distance to amenities like Save On Foods, Tim Horton's, restaurants, churches, shopping & medical. Catchment schools are Clayton Elementary and Salish Secondary. Hurry and book your showing - this won't last long!
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Please visit our Open House at 58 6945 185 ST in Surrey.
Open House on Saturday, May 14, 2022 2:00PM - 4:00PM Public Open House. Join us for coffee.
Welcome to YOUR new home! Enjoy this spacious 1455 sqft Craftsman-style townhome at Mackenzie Estates. You'll enjoy 10 ft ceilings on the main floor with a spacious kitchen, generous island and dining area, giving this home a bright & open feel. You'll get a modern color scheme, crown moldings throughout, stainless steel appliances, floating electric fireplace and quartz countertops. This unit has a large den on the main, 88 sf patio & extra garage storage space. This location can't be beat - steps from Fraser Hwy & transit, short walking distance to amenities like Save On Foods, Tim Horton's, restaurants, churches, shopping & medical. Catchment schools are Clayton Elementary and Salish Secondary. Hurry and book your showing - this won't last long!
Read full post

Please visit our Open House at 58 6945 185 ST in Surrey.
Open House on Sunday, May 15, 2022 2:00PM - 4:00PM Public Open House. Join us for coffee.
Welcome to YOUR new home! Enjoy this spacious 1455 sqft Craftsman-style townhome at Mackenzie Estates. You'll enjoy 10 ft ceilings on the main floor with a spacious kitchen, generous island and dining area, giving this home a bright & open feel. You'll get a modern color scheme, crown moldings throughout, stainless steel appliances, floating electric fireplace and quartz countertops. This unit has a large den on the main, 88 sf patio & extra garage storage space. This location can't be beat - steps from Fraser Hwy & transit, short walking distance to amenities like Save On Foods, Tim Horton's, restaurants, churches, shopping & medical. Catchment schools are Clayton Elementary and Salish Secondary. Hurry and book your showing - this won't last long!
Read full post

Please visit our Open House at 3203 MARINER WAY in Coquitlam.
Open House on Saturday, May 7, 2022 12:00PM - 4:00PM Join us for coffee & donuts
Look no further- your family home or investment property awaits! This spacious 2280 sqft home is nestled amongst the trees & backs onto a ravine, giving privacy & a parklike feel. Access via private driveway off Windward. This property sports a generous, bright & open entertainer's kitchen with island. Covered deck off the kitchen, large living room with fireplace, flex space with 3 bedrooms up. Downstairs you'll find a huge, one-bedroom suite with spacious rec room with fireplace, bar area, kitchen, separate entrance & laundry room. Come enjoy this family friendly neighborhood with many beautiful trails & parks nearby. Ranch Park Elementary, Hillcrest Middle School and Dr. Charles Best High School are a few minutes away. Transit is nearby. Hurry! Tell your friends. This won't last long.
Read full post

I have listed a new property at 3203 MARINER WAY in Coquitlam.
Look no further- your family home or investment property awaits! This spacious 2280 sqft home is nestled amongst the trees & backs onto a ravine, giving privacy & a parklike feel. Access via private driveway off Windward. This property sports a generous, bright & open entertainer's kitchen with island. Covered deck off the kitchen, large living room with fireplace, flex space with 3 bedrooms up. Downstairs you'll find a huge, one-bedroom suite with spacious rec room with fireplace, bar area, kitchen, separate entrance & laundry room. Come enjoy this family friendly neighborhood with many beautiful trails & parks nearby. Ranch Park Elementary, Hillcrest Middle School and Dr. Charles Best High School are a few minutes away. Transit is nearby. Hurry! Tell your friends. This won't last long.
Read full post

Please visit our Open House at 3203 MARINER WAY in Coquitlam.
Open House on Saturday, April 30, 2022 12:00PM - 3:00PM Join us for coffee & donuts
Look no further- your family home or investment property awaits! This spacious 2280 sqft home is nestled amongst the trees & backs onto a ravine, giving privacy & a parklike feel. Access via private driveway off Windward. This property sports a generous, bright & open entertainer's kitchen with island. Covered deck off the kitchen, large living room with fireplace, flex space with 3 bedrooms up. Downstairs you'll find a huge, one-bedroom suite with spacious rec room with fireplace, bar area, kitchen, separate entrance & laundry room. Come enjoy this family friendly neighborhood with many beautiful trails & parks nearby. Ranch Park Elementary, Hillcrest Middle School and Dr. Charles Best High School are a few minutes away. Transit is nearby. Hurry! Tell your friends. This won't last long.
Read full post

Please visit our Open House at 3203 MARINER WAY in Coquitlam.
Open House on Sunday, May 1, 2022 12:00PM - 3:00PM Join us for coffee & donuts
Look no further- your family home or investment property awaits! This spacious 2280 sqft home is nestled amongst the trees & backs onto a ravine, giving privacy & a parklike feel. Access via private driveway off Windward. This property sports a generous, bright & open entertainer's kitchen with island. Covered deck off the kitchen, large living room with fireplace, flex space with 3 bedrooms up. Downstairs you'll find a huge, one-bedroom suite with spacious rec room with fireplace, bar area, kitchen, separate entrance & laundry room. Come enjoy this family friendly neighborhood with many beautiful trails & parks nearby. Ranch Park Elementary, Hillcrest Middle School and Dr. Charles Best High School are a few minutes away. Transit is nearby. Hurry! Tell your friends. This won't last long.
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I have sold a property at 112 5556 201A ST in Langley.
Your new home awaits at beautiful Michaud Gardens! This bright and open 1147 sqft unit overlooks Linwood Park, has a functional layout with 2 large bedrooms, 2 bathrooms, spacious kitchen and covered 114 sqft balcony, separate dining area and a laundry room that is big enough to house your deep freezer! The amenities in this complex are plentiful- an impressive workshop, amenities room and beautifully landscaped gardens with a water feature and pathway. This 19+ building is centrally located, surrounded by the off-leash dog park, community gardens and close to public transit. Lots of street parking available. Don't miss out- this gem won't last long!
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I have listed a new property at 112 5556 201A ST in Langley.
Your new home awaits at beautiful Michaud Gardens! This bright and open 1147 sqft unit overlooks Linwood Park, has a functional layout with 2 large bedrooms, 2 bathrooms, spacious kitchen and covered 114 sqft balcony, separate dining area and a laundry room that is big enough to house your deep freezer! The amenities in this complex are plentiful- an impressive workshop, amenities room and beautifully landscaped gardens with a water feature and pathway. This 19+ building is centrally located, surrounded by the off-leash dog park, community gardens and close to public transit. Lots of street parking available. Don't miss out- this gem won't last long!
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Please visit our Open House at 112 5556 201A ST in Langley.
Open House on Saturday, April 2, 2022 1:00PM - 3:00PM Public Open House
Your new home awaits at beautiful Michaud Gardens! This bright and open 1147 sqft unit overlooks Linwood Park, has a functional layout with 2 large bedrooms, 2 bathrooms, spacious kitchen and covered 114 sqft balcony, separate dining area and a laundry room that is big enough to house your deep freezer! The amenities in this complex are plentiful- an impressive workshop, amenities room and beautifully landscaped gardens with a water feature and pathway. This 19+ building is centrally located, surrounded by the off-leash dog park, community gardens and close to public transit. Lots of street parking available. Don't miss out- this gem won't last long!
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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.