Latest News
Our latest ramblings.
Enjoy! We definitely have important things to say!
Our latest ramblings.
Enjoy! We definitely have important things to say!
It’s 2014!
Today marks the first blank page of a 365 page book. A day to contribute to goals, dreams, plans and resolutions. At BrokerSmart, we wish you a year full of good health, happiness and prosperity.
Check out our Painted Picture to see what we will be continuing to work towards this year to reach our goals.
Happy New Year 2014!
– The BrokerSmart Team
The Real Estate Board of Greater Vancouver (REBGV) have released their November Statistics Report. The housing market in this area has continued to be steady.
The Key Stats:
*All statistics are from the Multiple Listing Service® (MLS®)
Sandra Wyant, President of REBGV says, ““We’ve seen steady and consistent trends the Greater Vancouver housing market for much of this year. This year’s activity has resulted in gradual and modest increases in home prices of approximately one per cent over the last 12 months in the region.”
To view the full REBGV November Statistics report, click here.
If you have any questions regarding the above, please give us a call at 604-588-4466 or email us at info@brokersmart.ca
The Fraser Valley Real Estate Board, FVREB, have released their November Statistics Report. Not only has the weather cooled down this past month, but so has the housing market.
The Key Stats:
Ron Todson, President of the FVREB says, “We typically see a slowdown just before the holidays and this year it started a little sooner reflecting what we are seeing in our overall economy.”
“Similar to last November, sales are hovering at about 14 per cent off normal levels, but so are new listings. They’re down about 7 per cent compared to the 10-year average, so what we’re seeing is a slower but steady market keeping home prices in check and the average number of days to sale stable.”
*All statistics are from FVREB’s Multiple Listing Services (MLS)
To see the full FVREB November Statistics Report click here.
If you have any questions regarding the above, please give us a call at 604-588-4466 or email us at info@brokersmart.ca
Today, December 1, not only marks the first day to open up a chocolate in your advent calendar, but it also marks the 1st Anniversary of BrokerSmart!
Over the past year we have had the pleasure of helping the needs of many clients such as first time home buyers, upgraders, downsiders, and investors with their real estate, mortgage, legal, and now moving needs.
Thank you for allowing us help you with all your financial needs. We look forward to the many years to come continuing to provide a one-stop shop experience that makes it simple and easy for you.
Check out Our Painted Picture of where we see our future on December 31, 2015 by clicking here.
Yesterday, CAAMP (The Canadian Association of Accredited Mortgage Professionals) released their annual fall Consumer Survey Report on residential mortgages. Those consumers who participated in the survey, said they are comfortable with their current mortgage debt levels.
Jim Murphy, AMP, President and CEO of CAAMP says in the press release that, “Consumer confidence in the mortgage market remains high, especially among those who have owned homes for a longer period. Consumers are paying off their mortgages faster, selecting five year fixed term rates and agreeing real estate is a good long-term investment.”
Why are consumers feeling so comfortable about their mortgage debt level?
Some key statistical findings from the survey:
The report was authored by Will Dunning, Chief Economist of CAAMP.
For detailed information on the Consumer Survey Report, click here.
For the Press Release, click here.
For the Significant Statistics, click here.
If you have any questions regarding the above, please give us a call at 604-588-4466 or email us at info@brokersmart.ca
Are you the new kids on the block? Sometimes it can be overwhelming thinking about moving into a new neighbourhood. Here are 10 things to keep in mind!
1. What are your neighbours like?
Take time to get a feel for the locals and how you might fit in. Does the area attract empty nesters and retirees, for example, or is it characterized by young families? We can help inform you about demographic trends.
2. Does it fit your lifestyle?
Your homebuying checklist may include amenities that are must-haves for your lifestyle, such as access to public transit, a strong community centre, a place of worship, or even a great dog-walking park for your pooch.
3. What are the schools like?
Some schools are in such demand that parents will seek out a home in that area. Even if you don’t have young ones at home, a location in a desirable school district can give you an advantage if you decide to resell.
4. What will your commute be like?
If you drive to work, test your prospective new route in rush-hour conditions. Add up any additional costs you might incur for fuel, parking, or public transit.
5. Is there commercial activity nearby?
Shops and recreational facilities can help an area thrive economically and may add to a neighbourhood’s attractiveness to some buyers. On the other hand, consider if the traffic levels or noise will be an issue.
6. Is there a homeowner’s association?
Condo or neighbourhood associations can bring people together, instill a sense of belonging and advance the needs of the community. Many have their own volunteer-run websites, so search the Internet or inquire at city hall.
7. Is the neighbourhood new?
Don’t judge a new development solely by the plans. If you can, go to the building site to see where things will be in relation to a lot of building, such as street lighting, fire hydrants, transformers, driveways, or intersections. Find out where schools, retail space, or other amenities are planned. Raise any questions with the builder or representative before you buy.
8. How is an older neighbourhood showing its age?
Consider the area’s infrastructure, from roads to utilities to school and other pubic facilities. Are improvements part of a city or town’s long-term plan?
9. Will there be new development?
If you love a home for its adjacent green space of unobstructed views, don’t just assume it will stay that way. A real estate professional can tell you about zoning changes or planned construction that may affect enjoyment of your home. Keep in mind that well-planned development can also enhance the value of a neighbourhood and improve it’s infrastructure.
10. Are there restrictions?
Some municipalities have unique bylaws to restrict things such as new driveways, pools, or sheds. In some private developments, land title may include restrictive covenants to limit you from anything from stringing a clothesline to painting your front door an odd colour. Ask early to avoid any surprises at closing time.
For more blog posts on real estate and mortgages, click here.
19978 72nd Ave. Unit 205
Langley, B.C. V2Y 1R7
P: 604-588-4466
F: 604-588-4483
info@brokersmart.ca