HomeLife Glenayre Realty Chilliwack Ltd.

HomeLife Glenayre Realty Chilliwack Ltd.

HomeLife Glenayre Realty Chilliwack Ltd.'s blog

Chilliwack Inventory Report June 2017

Inventory or stock refers to the goods & materials that a business holds for the ultimate purpose of resale. In our industry we sell Homes. Below is our quick charts for instant feedback on the local Chilliwack markets. For other areas please call me directly.

Chilliwack 2017 Real Estate Inventory Report

Inventory or stock refers to the goods & materials that a business holds for the ultimate purpose of resale. In our industry we sell Homes. Below is our quick charts for instant feedback on the local Chilliwack market. For other areas please call me directly.

Property Tax Assessment 2017

Crazy Assessment

For homeowners, there are two major concerns with the new assessments based on the government's assessment as of value, July 1, 2016.

First you may lose your homeowner grant if your property goes from under an assessment of $1,200,000 to above. I expect the government to announce a raising of the home value limit shortly.

What’s local Real Estate going to do?

It's that time again Abbotsford and Mission, so buckle up and hang on. We are about to visit the future with our time travel report. Our crystal ball uses the chart below to predict what might happen. If you are hoping for prices to rise look for our RED indicator in the report below.

 

What’s local Real Estate going to do?

 

It's that time again Abbotsford and Mission, so buckle up and hang on. We are about to visit the future with our time travel report. Our crystal ball uses the chart below to predict what might happen. If you are hoping for prices to rise look for our RED indicator in the report below.

 

Abbotsford, Mission and Chilliwack homes within reach of middle-class families

The news today, Nov 15th 2016 will probably surround the recent interest rate increases from this morning. But I wanted to focus on affordability under the new mortgage rates, in some cases ½ percent higher than yesterday. IE) 2.64% vs. 2.24%.

 

Millennials Bear Brunt of Fed Policy Changes

Many, if not most, first-time buyers will experience a steep decline in housing affordability on October 17. New rules introduced by the Federal Government will cause the sharpest drop in the purchasing power of low equity home buyers in years. At a time when housing affordability is a critical issue, deliberately chopping millennials' purchasing power by as much as 20 per cent will only exacerbate a well-known problem.

Local Real Estate Inventory Report

Inventory or stock refers to the goods & materials that a business holds for the ultimate purpose of resale. In our industry we sell Homes. Below is our quick charts for instant feedback on the local Abbotsford and Mission and Chilliwack markets. For other areas please call me directly.

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