Anshu Arora LLM, MSc, PMP

Cell 604-828-7331 | yourbcagent@gmail.com

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Most of you have probably heard of the “Stress test” that’s being introduced in January 2018, where anyone buying Real Estate will have to qualify at a higher rate

 

What most of you might not know is that you can now opt for the 30 year Amortization!! and even 35 year Amortization is some rare cases!!

 

So, the Market is keep going Up and Up and Up! As it always has (even after the Foreign Buyer tax and 2 Rate Hikes)

 

So, if you’re a Seller, Relax! Things are and will be Awesome (and you have ME!)

 

If you’re a Buyer, Relax! I Got This (and you have ME!)

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Vancouver’s booming suburb to the southwest won’t be a suburb for much longer. Within the next decade Surrey will overtake Vancouver as B.C.’s largest city. Around 10,000 new residents move to Surrey each year, and the entire South Fraser region – which includes Langley and Abbotsford – is projected to absorb 70 per cent of the entire region’s population growth over the next 25 years.

 

A key point: Surrey has a higher percentage of people aged 10 to 24 than the provincial average. Surrey is also home to one in four Metro Vancouverites under the age of 19.

 

South Surrey-White Rock is separated by farmland from the rest of the city, and is a focus for new single-family homes and townhouse construction. Newton is the heart of Surrey’s South Asian community, while Guildford and Fleetwood are more traditionally suburban in character. Cloverdale to the west has a rural flavour on the Langley border.

 

And then there is Surrey’s new downtown, Surrey City Centre, where the 52-storey 3 Civic Plaza hotel and condo tower completes this year, and an eight-building medical-technology office hub is under construction, along with multi-family condominium projects.


If you are looking to Buy, Sell, Invest, Re-Finance in Surrey, I can make it Happen!

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The benchmark price for a detached home in Langley was $999,800 in September. Local detached homes rose 13.3 per cent in price from a year ago, and are 84.1 per cent more expensive than their benchmark price back in September 2007.

 

Townhouses in Langley are inching towards the half million dollar mark, with a benchmark price of $465, 200 last month. Townhouses in Langley are 9.3 per cent more expensive than they were a year ago, and up (on average) 58.5 per cent in price from September 2007.

 

Langley condos continue to climb up the price ladder, with a benchmark price of $368,500 in September, representing a 1.8 per cent increase from August. Apartments have risen 35 per cent in benchmark price in a year. The Fraser Valley Real Estate Board (FVREB) processed 1,619 sales of all property types on its Multiple Listing Service (MLS) in September, an increase of 24.1 per cent compared to the 1,305 sales in September of last year.

 

This was the fifth highest sales total for a September in the board’s history.

 

Market is Amazing and I can help you make the most of it!

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