OSFI Considers Increasing Stress Test For Uninsured Mortgages

Kim PhillipsReal Estate

Sound residential mortgage underwriting is always important for the safety and stability of financial institutions; today it is more important than ever. – Jeremy Rudin, Superintendent The Office of the Superintendent of Financial Institutions (OSFI) restarted its consultation on the minimum qualifying rate for uninsured mortgages, and re-emphasized the importance of sound mortgage underwriting. This is likely stemming from several … Read More

2020 Speculation & Vacancy Tax Declaration

Kim PhillipsReal Estate, Tips

Let’s Talk about the Speculation & Vacancy Tax! You would have received your declaration letter between mid-January to mid-February in the mail. This is a friendly reminder that your Speculation & Vacancy Tax Declarations are due March 31st, 2021. It’s easy to submit your declaration online HERE. Not familiar with the Speculation & Vacancy Tax Declarations? Read below for more … Read More

Fraser Valley Housing Market Update – February 2021

Kim PhillipsReal Estate

Can you believe it’s March already? It seems like February was gone in the blink of an eye. February was yet another record breaking month for property sales in the Fraser Valley. Our team completed 10 deals for our valued buyers and sellers! *Chris Shields, President of the Board said of this month’s record numbers, “This is new territory for … Read More

Your BC Property Assessment For 2021

Kim PhillipsInside Fraser Valley, Real Estate

It’s that time of year again! The B.C. Assessment Authority released its online record of property valuations for 2020. BC Assessment collects, monitors and analyzes property data throughout the year. Property assessments are based on property values as of July 1st of every year. Interested in learning more about the assessment process, appeals and what the results mean for you? … Read More

August 2020 Market Update

Kim PhillipsInside Fraser Valley, Real Estate

Woah, we cannot believe we are already heading into Fall! We don’t know about you, but we are kind of excited to see what Fall will bring. Don’t get us wrong though, we are still loving these warm, sunny days. Despite a global pandemic, things have been busy and business as usual (okay, well maybe not just the same as … Read More

Mortgage Qualifying changes for July 1

Kim PhillipsReal Estate

COVD-19 has impacted people in so many ways and has brought uncertainty for our community, but amongst all of this, the housing market activity picks up in the Fraser Valley. In May Fraser Valley listings and property sales started to bounce back as Realtors helped their clients get adjusted to the new normal. The changes that were announced this past week … Read More

Preparing Your Home to Sell

Kim PhillipsReal Estate, Tips

When you’ve decided to sell your home, each second that passes seems to bring another item to add to your already lengthy to-do list. On top of quick changes between being a home buyer and home seller, you spend hours sorting through article after article explaining how you can quickly sell your home for top dollar, in an unrealistic time … Read More

First-Time Home Buyer Incentive Launches in September

Kim PhillipsReal Estate

In September, the federal government will launch the First-Time Home Buyer Incentive, an interest-free loan that doesn’t require monthly payments. The incentive is intended to help reduce monthly mortgage payments without increasing the amount needed to save for a down payment. How does it work?  Eligible homebuyers with the minimum down payment for an insured mortgage can apply to finance … Read More

5629 W Sunrise Crescent, Surrey

Kim PhillipsReal Estate

RESORT STYLE LIVING! This beautiful updated home, on large lot is a MUST SEE! You will fall in love with this stunning outdoor space that features a large deck, outdoor pool, hot tub under gazebo, huge multi-level patio, kids play area, and lots of grass for your furry friends! TONS of parking includes 2 garages (1 can be used as … Read More

44409 – 13495 Central Ave, Surrey

Kim PhillipsReal Estate

3 CIVIC PLAZA! This one of a kind, corner unit has BREATHTAKING unobstructed panorama VIEWS of the city, mountains and Fraser River. Bright and open concept layout with floor-to-ceiling windows, upgraded natural white oak hand scraped oil finish hardwood floors, radiant heat & cooling, and spa like bathrooms. The kitchen features S/S appliances including wall mounted oven and microwave, beautiful … Read More