New Mortgage Stress Test Rules Start June 1st

Kim PhillipsReal Estate

“For many Canadians, the most important investment they will ever make is the purchase of a home. Increasingly, however, that dream is becoming unaffordable and unattainable. The recent and rapid rise in housing prices is squeezing middle class Canadians across the entire country and raises concerns about the stability of the overall market.” Starting June 1st, 2021, the Office of … Read More

Reasons To Sell Your Home In The Summer

Kim PhillipsReal Estate

Your Home Will Look It’s Best: Summer in the Fraser Valley is truly a beautiful time of year. In the summer, the trees, flowers, and curb appeal is at its peak which in turn can increase the value of your home. Not only will this mean your showings will be more positive, the photos will also be at their best. … Read More

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

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

Welcome Fall in the Lower Mainland

Kim PhillipsInside Fraser Valley, Lifestyle

Pumpkins, leaves, apple picking, crisp autumn air… What’s not to love about fall? Let’s welcome the change of the season with some festive activities. Here are some great ways to celebrate fall and support local businesses right here in the Lower Mainland. Take an afternoon stroll in one of our community parks and take in the fall scenery. The Fort … Read More

What to know about buying New Development

Kim PhillipsReal Estate, Tips

Pros + Cons of Buying New Construction (plus a few tips) Investing in new construction can be rewarding and hurtful at the same time. Let’s compare the pros and cons of buying a brand new home. Pros Everything is brand new Clean, shiny, and trendy floor plans that have never been lived in is definitely an appealing factor compared  Picking exactly … Read More

Cloverdale Real Estate: Lowest Priced Homes

Kim PhillipsReal Estate

Something we hear ALL the time from people (especially first-time buyers) is “everything is so expensive, I’ll never be able to own my own home.” The truth is that is not always the case. Okay, yes you may not be able to afford a 3,000 sqft home in Brookswood with a suite or a penthouse condo downtown, but in reality, … Read More