February 2023

Are you looking to make money? Invest in real estate!

Posted on Feb 28, 2023

Owning real estate is one of the smartest investments you can make. Here are 3 ways you can make money from real estate:

1) Rental Income or Cash Flow - Buy a property where you can get high rent and then watch as you build passive income. If possible, look for properties that have Airbnb potential!

2) Appreciation - History shows that real estate ap...

Read More

Thinking of buying or selling a house and waiting to time the real estate market?

Posted on Feb 23, 2023

Are you thinking of buying or selling a house and waiting to time the real estate market? I'm here to tell you why it's not worth the risk.

Trying to time the real estate market is like trying to time the stock market. It's really hard to do, and even experts struggle with it. In fact, studies show that the average investor underperforms the market...

Read More

Multigenerational Home Renovation Tax Credit

Posted on Feb 21, 2023

According to Stats Canada for 2021, 6.4% of the total population live in multigenerational households. With housing prices and cost of living increasing, this number is also going to increase.

Effective January 1, 2023, the government introduced the Multigenerational Home Renovation Tax credit to help families live together.

This tax credit applies t...

Read More

Surrey, Cloverdale, and Langley Housing Market Update - Feb. 19, 2023

Posted on Feb 19, 2023

So far in Surrey, there are 18 single family homes sold, 19 townhomes sold and 30 condos sold.

Whereas in Langley, 11 single family homes have sold, 15 townhomes sold and 14 condos sold.

As you know, the past week few weeks, we've been talking how buyer activity has picked up and there are more showings at listings, open houses are busier and even so...

Read More

Should you sell first and then buy, or buy first and then sell? That's the million dollar question!

Posted on Feb 15, 2023

It depends on several factors - the state of the real estate market, your personal financial situation, and your plans for the future.

Let's talk about selling your home first!

If you're looking to sell your home first, it can work better in a slow market. You can get a nice deposit on it, negotiate for longer closing dates and once it becomes firm...

Read More

Surrey, Cloverdale, and Langley Housing Market Update - February 12, 2023

Posted on Feb 12, 2023

The real estate market is getting busier. More buyers and sellers are beginning to enter the market and that shows in the numbers.

12 days into February we already have almost 200 more listings in the market and over 120 more sales. When talking to our lenders, they have also noticed an increase in accepted offers.

Surrey detached homes, condos and L...

Read More