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New property listed in White Rock, South Surrey White Rock

I have listed a new property at 302 1500 MARTIN ST in White Rock. See details here

Must See 806 sq/ft Ocean View 1 bedroom + Flex unit. Foster Martin is an exceptional blend of un-compromised sophistication, urban connectivity and seaside living. The Martin tower offers elegant architecture with views form every balcony. The interior is well thought out with large windows facing West towards the ocean views. The kitchen is fully equipped for a master chef with a Miele integrated appliances package. The large patio faces west and has peek-a-boo Ocean Views to the South and is an excellent place to enjoy your morning coffee. As a resident of Foster Martin, you will have access to 10,000 square feet of health and wellness amenities including an indoor/outdoor pool, a full service concierge, and a resident only shuttle service.. Book your private Showing today.

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Signs of stability in Fraser Valley create opportunities for home buyers and sellers

SURREY, BC — House prices in the Fraser Valley posted a slight but positive bump in February after nearly a year of month-over-month decreases. Similarly, sales, though still trending lower than normal, also recorded their first monthly gain since October.



FOR THE FULL PACKAGE: https://www.fvreb.bc.ca/statistics/Package202302.pdf

If you ​have further questions please feel free to reach out directly to me, I am here to help.
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New property listed in Grandview Surrey, South Surrey White Rock

I have listed a new property at 102 16528 24A AVE in Surrey. See details here

One of a kind, Notting Hill by Royale Properties. This Charming 777 sq/ft 1 bed, 1 bath, plus den, ground floor unit has a walk-out front door and private access to the parkade from the back. No long halls or elevators are needed...This home features a stylish kitchen with upgraded stainless steel Whirpool appliances, a gas range, a central island, quartz countertops, and white soft-closing cabinetry & drawers. Wide plank laminate flooring throughout. Walking distance to the shops and restaurants at Grandview Corners/Morgan Crossing, Southridge Private school, Pacific Heights Elementary, Grandview Heights Secondary, and the Grandview Aquatic Centre. Low strata fees with one underground parking and storage locker make this one a must-see. Private showings starting Wed. March 1st, 4-6pm...

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New property listed in Grandview Surrey, South Surrey White Rock

I have listed a new property at 2 2825 159 ST in Surrey. See details here

Welcome to Greenway by Adera! Bright & beautiful 4 bedroom, 3 bathroom, 1921 sq/ft modern townhome. Open concept living & dining area on the main w/ gourmet kitchen complete w/ beautiful white cabinetry, quartz counter tops,designer lighting, gas range top, built-in oven & oversized island, perfect for entertaining. Relax on your 449 sq/ft rooftop patio w/ BBQ hook up while taking in the spectacular mountain views. High-end features throughout include laminate flooring, forced air heating, hot water on demand, central AC, side-by-side 2 car garage. Exclusive access to the Southridge Club including: indoor basket ball court, gym, outdoor pool & hot tub, theatre & party room. Within walking distance to Sunnyside Elementary, Southridge private school & the Morgan Creek shops and restaurants..

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I have sold a property at 106 15310 17A AVE in Surrey

I have sold a property at 106 15310 17A AVE in Surrey. See details here

Rarely available! Gemini II by Genex Developments This stunning property boasts over 957 sq/ft, & features all the comforts of luxury living. The kitchen features stainless steel appliances, quartz counters, wood cabinets, tile backsplash & front load dishwasher. Opening large living room showcasing an electric fireplace with mantle, & access to a large patio and lane parking. Large master bedroom w/spa-like ensuite featuring glass shower, double sinks, & quartz counters. Featuring hardwood floors, carpeted bedrooms, in-suite laundry, beautiful light fixtures, & oversized windows! The building features amazing amenities including gym, rec room, guest suite, & covered terrace with BBQ perfect for entertaining. Underground parking & storage locker included. Book your private showing today...

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I have sold a property at 202 1350 COMOX ST in Vancouver

I have sold a property at 202 1350 COMOX ST in Vancouver. See details here

Broughton Terrace is conveniently located in the west end and is a short walk to Davie and Robson, steps from the beach, shopping, bars and restaurants. Open concept layout with one bedroom and patio that was closed in and used as a second bedroom with strata's approval. All appliances have been removed and this unit awaits your renovation ideas, perfect for an investor or first time home buyer. Unit also features a large communal roof-top patio, one parking stall and storage locker. Rentals 100%, 2 pets allowed...

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I have sold a property at #14 15273 24 AVE in Surrey

I have sold a property at #14 15273 24 AVE in Surrey. See details here

THE PENINSULA - townhome living at its best! Centrally located & well maintained, The Peninsula is one of South Surrey's most popular complexes & is close to shopping, restaurants & transportation. This 3 bed, 3 bath home features a spacious living/dining area with 20 foot vaulted ceilings. The updated kitchen includes white cabinets and quartz countertops. Extra large Primary suite with renovated ensuite equipped with double sinks walk in shower and seperate soaker tub. Other features include a 2 car garage, radiant in floor heating and Bruno Mobility Lift. Due to new regulations there are no age or rental restrictions, everyone is welcome... Book your private viewing today.

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I have sold a property at 5080 ROSS RD in Abbotsford

I have sold a property at 5080 ROSS RD in Abbotsford. See details here

They don't make them like this anymore! Beautiful 5 Acre usable fully fenced property in the desirable community of Bradner. Hand crafted 5,949 sq/ft home featuring 5 bed /3 baths w/master on main & plenty of room to add in the unfinished basement. Custom stained glass windows, Victorian custom mouldings throughout w/ beautiful tin ceilings. The craftsmanship is evident the second you walk in. Built to R-2000 standards w/ high efficiency heat exchange unit & insulation, wired for backup generator. Flat lot w/ city water /septic in the front of the property w/ lots of room for parking & equipment. Also on the property: Small barn w/loft 26'x20', Equipment Shed 30'x25', Workshop 23'x21', Plane Hanger 37"x24" and large barn w/ full loft 25'x52' ideal for horses.

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New property listed in King George Corridor, South Surrey White Rock

I have listed a new property at 106 15310 17A AVE in Surrey. See details here

Rarely available! Gemini II by Genex Developments This stunning property boasts over 957 sqft, and features all the comforts of luxury living. Kitchen features stainless steel appliances, quartz counters, wood cabinets, tile backsplash & front load dishwasher.Opening to large living room showcasing electric fireplace with mantle, and access to a large patio and lane parking. .Large master bedroom w/spa-like ensuite featuring glass shower, double sinks, and quartz counters. Featuring hardwood floors, carpeted bedrooms, insuite laundry, beautiful light fixtures, and oversized windows!Building features amazing amenities including gym, rec room, guest suite, covered terrace with BBQ perfect for entertaining. Underground parking and storage locker included. Book your private showing today...

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Fraser Valley real estate sales record slowest annual start in ten years; January new listings lowest in over thirty years

SURREY, BC — The downward trend in Fraser Valley real estate sales continued in January as further interest rate hikes kept buyers sidelined.


FOR THE FULL PACKAGE: https://www.fvreb.bc.ca/statistics/Package202301.pdf

If you ​have further questions please feel free to reach out directly to me, I am here to help.

Thanks,

Aaron

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New property listed in West End VW, Vancouver West

I have listed a new property at 202 1350 COMOX ST in Vancouver. See details here

Broughton Terrace is conveniently located in the west end and is a short walk to Davie and Robson, steps from the beach, shopping, bars and restaurants. Open concept layout with one bedroom and patio that was closed in and used as a second bedroom with strata's approval. All appliances have been removed and this unit awaits your renovation ideas, perfect for an investor or first time home buyer. Unit also features a large communal roof-top patio, one parking stall and storage locker. Rentals 100%, 2 pets allowed...

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Bank of Canada increases policy interest rate by 25 basis points, continues quantitative tightening...

The Bank of Canada today increased its target for the overnight rate to 4½%, with the Bank Rate at 4¾% and the deposit rate at 4½%. The Bank is also continuing its policy of quantitative tightening.

 What does this mean for variable rate mortgage holders?

 If your mortgage is with a lender that adjusts the payment when prime rate changes your payment will be increasing and you will be notified when prime rate changes.  

For every $100,000 mortgage your payment will increase by approximately $17/month by a prime increase of .25%

E.g. if your mortgage is $400,000 your payment will increase by $68/month.

 If your mortgage is with a lender that does not adjust the payment when prime rate changes your payment amount will remain the same, however the amount that goes towards principal and interest will be adjusted accordingly.  This would increase the amortization.  Your payment will only increase if rates go higher than the “trigger rate” on the documents you signed with your notary/lawyer.  The “trigger rate” is different for every mortgage so please refer to your mortgage documents. 

The government is reviewing current loan to value and debt servicing guidelines and expected to announce changes for qualifying new mortgages by the end of April 2023.

Economists are still predicting rates to decline in the next year or so and expecting prime rate to end up in the 4.5%-5% range.  

The Bank of Canada has indicated that this could be the last rate increase for some time.

Here is the history of prime.  https://www.mcap.com/Prime-Rate-History

Information provided by Sheryl Elsom  https://www.sherylelsommortgages.com

The next scheduled Bank of Canada rate announcement is Wednesday March 8, 2023.

Official Press Release HERE

Please do not hesitate to contact me should you have any questions or would like to discuss further.

 Thanks,

Aaron

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