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Spring inventory continues to build in the Fraser Valley to levels not seen in nearly five years

SURREY, BC — Slower seasonal sales helped build inventory to its highest level since September 2019 in the Fraser Valley in May, creating more balanced market conditions for home buyers and sellers. The increase in supply over the past several months has further contributed to a softening of price growth, which is good news for buyers…

FOR THE FULL PACKAGE: https://www.fvreb.bc.ca/statistics/Package202405.pdf

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Open House. Open House on Friday, June 7, 2024 5:00PM - 7:00PM

Please visit our Open House at 6165 149 ST in Surrey. See details here

Open House on Friday, June 7, 2024 5:00PM - 7:00PM

Sullivan Heights stunner!! This 6 bed / 5 bath family home is super spacious with lots of natural light. Main floor includes formal dining room, 2-pc powder & beautiful kitchen with granite counter-tops, s/s appliances and plenty of storage. Freshly installed engineered hardwood floors, new furnace and heat pump. Relax in the West facing backyard oasis with 18'x30' deck with fire table and plenty of room to BBQ and entertain. Fully finished 2 bedroom walk out rental suite in the basement with separate laundry is a great mortgage helper. Centrally located in one of the most desired neighbourhoods in Surrey. Walking distance to Goldstone Elementary and Sullivan Heights Secondary School. Close to transit, shopping, YMCA and all other amenities.

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Open House. Open House on Saturday, June 8, 2024 2:00PM - 4:00PM

Please visit our Open House at 9726 HARRISON ST in Chilliwack. See details here

Open House on Saturday, June 8, 2024 2:00PM - 4:00PM

There is nothing to do but move in! Great for 1st time buyers or investors. This family home features 3BDRM / 2BTH on a quiet dead-end street. Larger kitchen with updated S/S appliances. 3 good size bedrooms and a large living room. This home has been meticulously maintained over the years, boasting numerous upgrades including a new roof (2011), appliances (2014), windows (2015), gutters (2017), and blinds (2019) and was just freshly painted with new carpet in the bedrooms. Private backyard with large deck for entertaining. Close to all forms of shopping, elementary, middle and senior schools. Vacant, ready for quick possession.

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I have sold a property at 3883 204A ST in Langley

I have sold a property at 3883 204A ST in Langley on May 6, 2024. See details here

Welcome to Brookswood, where this custom-built family home awaits you. Nestled on a sprawling 19,000 sq/ft lot. Inside, discover a spacious 4-bed, 3-bath Functional layout featuring a spacious Liv & Din Rm, Rec Rm and Patio perfect for the kids or teens. Embrace the tranquility of the park-like surroundings while benefiting from ample parking for boats, trailers, or RVs. Whether you choose to renovate this home to match your style or embark on crafting your dream home, there are so many possibilities. Step outside and relish the vast backyard, complete with a 20x30 shop, offering endless potential. Close to Belmont French Immersion Elem & Brookswood Sec, Noel Booth & Bell Park. Open House this weekend - Sat & Sun April 20-12 from 2-4pm

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New property listed in Hope, Hope & Area

I have listed a new property at 7 19743 FOSTER RD in Hope. See details here

Silver Creek Log Cabins. This is the get-away you have been looking for! Own your own log cabin on approximately .75 acres of recreational property within 1.5 hours of driving distance from Vancouver! Private setting nestled among large trees overlooking Silver Creek. Peaceful, calm and serene! However, it is not completely rustic. The cabin has had many upgrades including running water, electricity, wood burning stove and a toilet. This is the perfect weekend get away spot for you and your family to enjoy for generations. This is a cooperative share sale in a 17 acre company.

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New property listed in Quesnel - Town, Quesnel

I have listed a new property at 577 WILLIS ST in Quesnel. See details here

Excellent opportunity to own affordable land in the City of Quesnel. This flat lot is ready for development and Zoned RS2 for single-family or duplex. Modular homes can now be considered per city zoning. All services available. Nice quiet street, family oriented, great location! Close to shopping, schools and soccer facility. Take a drive by and imagine the possibilities today!

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New property listed in Quesnel - Town, Quesnel

I have listed a new property at 605 WADE AVE in Quesnel. See details here

Excellent opportunity to own affordable land in the City of Quesnel. This flat lot is ready for development and Zoned RS2 for single-family or duplex. Modular can now be considered per city zoning. All services available. Family orientated location, close to schools and soccer facility. Take a drive by and imagine the possibilities today.

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Open House. Open House on Saturday, May 18, 2024 2:00PM - 4:00PM

Please visit our Open House at 6165 149 ST in Surrey. See details here

Open House on Saturday, May 18, 2024 2:00PM - 4:00PM

Sullivan Heights stunner!! This 6 bed / 5 bath family home is super spacious with lots of natural light. Main floor includes formal dining room, 2-pc powder & beautiful kitchen with granite counter-tops, s/s appliances and plenty of storage. Freshly installed engineered hardwood floors, new furnace and heat pump. Relax in the West facing backyard oasis with 18'x30' deck with fire table and plenty of room to BBQ and entertain. Fully finished 2 bedroom walk out rental suite in the basement with separate laundry is a great mortgage helper. Centrally located in one of the most desired neighbourhoods in Surrey. Walking distance to Goldstone Elementary and Sullivan Heights Secondary School. Close to transit, shopping, YMCA and all other amenities.

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Open House. Open House on Sunday, May 19, 2024 1:00PM - 3:00PM

Please visit our Open House at 6165 149 ST in Surrey. See details here

Open House on Sunday, May 19, 2024 1:00PM - 3:00PM

Sullivan Heights stunner!! This 6 bed / 5 bath family home is super spacious with lots of natural light. Main floor includes formal dining room, 2-pc powder & beautiful kitchen with granite counter-tops, s/s appliances and plenty of storage. Freshly installed engineered hardwood floors, new furnace and heat pump. Relax in the West facing backyard oasis with 18'x30' deck with fire table and plenty of room to BBQ and entertain. Fully finished 2 bedroom walk out rental suite in the basement with separate laundry is a great mortgage helper. Centrally located in one of the most desired neighbourhoods in Surrey. Walking distance to Goldstone Elementary and Sullivan Heights Secondary School. Close to transit, shopping, YMCA and all other amenities.

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Elements of a Rental Investment Analysis

Investing in real estate is a pathway to earning income and building long-term wealth. Yet, success in real estate investment hinges on astute property analysis. Today, let’s delve into the nuances of evaluating investment properties and the critical role of property value.

Understanding Investment Property Analysis

Investment property analysis is the method through which real estate investors assess the performance of their rental properties. This evaluation involves examining an investor’s current rental holdings, scrutinizing income-to-expense ratios, and identifying areas for improvement to enhance returns.

Profitability of Rental Properties

Rental properties offer diverse avenues for generating income, but each property demands a unique approach to analysis and valuation. Single-family homes and multi-unit properties, for instance, employ distinct metrics to determine investment viability.

Single-Family Homes: Valuing single-family homes involves comparing them with similar neighboring properties in terms of bedrooms, floorplan, bathrooms, and amenities. As the value of a single-family home appreciates, so do comparable properties.

Multi-Unit Properties: Larger properties with multiple units are valued based on their income potential. Unlike single-family homes, multi-unit investments are not directly comparable with one another for valuation.

Key Information Gathering

When analyzing investment properties, the initial step is gathering accurate data. Considerations include property details (number of units, square footage), purchase expenses, mortgage details, and income and expense breakdowns.

Elements of Rental Investment Analysis

Central to property analysis are calculations of critical metrics such as Net Operating Income (NOI), property income, and total expenses.

Net Operating Income (NOI): This figure represents a property’s total income after deducting all expenses. Calculated by subtracting expenses from income, NOI provides insight into a property's operational profitability.

Property Income: Gross income comprises all revenue sources including rent, parking fees, and utilities. Vacancy rates must be factored in when calculating gross income.

Expenses: Property expenses encompass insurance, taxes, mortgage interest, utilities, property management fees, and repairs.

Factors in Investment Property Analysis

In analyzing investment properties, key factors include:

  • Cash Flow: The surplus income after meeting expenses.

  • Rate of Return (ROI): Calculated as cash flow divided by investment cost.

  • Capitalization Rate (Cap Rate): Measures property returns independent of financing costs.

Understanding these elements and metrics is vital for investors seeking optimal returns. Cap rates typically range between 8% and 12%, with higher rates indicating potentially better returns.

Investing wisely in real estate requires a comprehensive understanding of these factors to maximize investment potential and achieve long-term financial goals. Stay tuned for more insights on property analysis and real estate investment strategies.

If you have any questions please feel free to reach out.

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Reciprocity Logo The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), 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 GVR, 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 GVR, the FVREB or the CADREB.