NOVEMBER Newsletter
"Try not to become a man of success. Rather become a man of value"
- Albert Einstein We love working with our tremendous clients, and wanted to share some humbling feedback we received from someone we thoroughly enjoyed working with. Please take the time to read their thoughtful review/testimonial just below!
We love real estate and we believe it is a great way to create wealth. That's where our true value lies. Our goal is to combine our passion, knowledge, and skills to consistently exceed every clients expectations. We genuinely care about each one of our clients, and demonstrate that with our service. We plan to be with you for years to come and intend to show you that with our first class experience.
Don't miss our new listing — ???? HOT on the market TODAY ????, an exquisite, custom built home nestled in the heart of Crescent Beach. Check out our cinematic film & twilight photos to showcase how stunning this home truly is.
Be sure to check out our new monthly feature, where we highlight a local business each month. This one goes to a kick-ass brewery in White Rock that has been voted “Best Craft Brewery” by Peace Arch News, four years and running since they opened in 2017. 3 Dogs Brewing is located at 1515 Johnston road and is THE go-to local hub. Their friendly staff is sure to help you choose among the beer, radler, cider, whisky and food selections. Read on to discover more about this local business, events, and a special announcement that is soon to come.
A full update on mortgage rates is provided by Homelife White Rock's In-House Mortgage Brokers: Lynn Mclellan & Jared Dreyer. Plus, announcements from The Bank of Canada in regards to the forecast of inflation are broken down & discussed in the market commentary.
You'll also find the latest news in the housing market from the Fraser Valley Real Estate Board — Demand for Fraser Valley real estate remained solid in October with overall sales the third highest on record.
CLIENT REVIEW
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"Just want to extend a big thank you to Rob for helping me and my fiancé with the purchase of our new home. I honestly could not have asked for a better realtor. I approached Rob at the end of May letting him know we were looking to buy and what we were looking for in terms of budget, location, among other things. During the meeting he provided me a snapshot of what he was going to do, what I needed to do and people I needed to see.
Rob was very proactive and diligent. With my erratic work schedule (and my fiancé's), he was able to juggle his busy schedule around to accommodate us. There were a lot of ugly/rainy days out there in September and October where he would meet us at 7 PM even after spending a whole day doing his own showings. It was the same experience every time - a happy demeanour, prepared and any questions/concerns we had, he was ready to answer them. His professionalism and integrity is really next to none. It really cannot be understated how organized this guy is.
We completed our sale a little bit over a week ago and I couldn't be happier with place we got. My fiancé and I had a set budget in mind but we ultimately went above it (quite a bit) because Rob gave us the time and peace of mind to come to our own decisions with the information he provided us. We know how successful he is as a realtor but he never used his accolades or accomplishments as a reason to take his word. Everything was based on facts and how it would pertain to us in terms of livability and financial feasibility.
We couldn't have asked for anything more from a realtor. This was truly the best case scenario. There were no surprises. By the time things needed to get signed and money needed to be handed over to the appropriate people, we were ready. Even when his job was done with us, he would still respond promptly to any questions we had. The guy is truly passionate about his job and is very, very, very good at it. If you want an experience like mine, go see Rob.
Don't waste your time calling the realtor at your local bus stop. Give this man 30 minutes of your time and he will try his best to find something that works for you.
Thanks Rob!"
- Francis A, Google Reviews
WE NEED HOMES!
We have buyers looking for:- Acreage in South Langley
- Build sites for condos, townhomes or single family detached
- Single family homes in Langley and South Surrey
If you or anyone you know is considering a move call us today. Your home may be worth more than you think!
We are always planning contests and announcing community events/news, so be sure to subscribe & follow to keep connected with us on instagram: @robvisnjak & @pbouwmanrealestate.
If you're looking to see what your home might be worth you can check that out here: |
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Join us in welcoming Lana Mackay to the team!Born and raised in White Rock, Lana is intrigued by the rapidly changing landscape of the Lower Mainland and excited to take part in helping others with their real estate needs. Throughout her life she has had the pleasure to call many places home — from Australia to Bali. Returning to her hometown, White Rock, has been a humbling and grounding experience. In her journey, she discovered home is not a place, it’s a feeling. Somewhere you are surrounded with the ones you love and the things that bring joy and happiness to your life. Lana believes this is something not to be overlooked when searching for a home and will help ensure you feel joy not only in your home, but throughout the entire buying process. Lana started her career in Real Estate in 2015, working in project sales with several reputable developers throughout the lower mainland. Grateful for the connections she has built with these developers, educators, and associates within the industry, who have helped her grow her passion and dedication. She looks forward to future developments and is excited to watch small neighbourhood pockets grow into thriving communities. Outside of real estate, you can find Lana cooking new recipes in her kitchen, attending local community events, and exploring new places around the world. |
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CREATING WEALTH THROUGH REAL ESTATE SINCE 2007 |
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| FRASER VALLEY MONTHLY STATISTICS |
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In October the Board processed a total of 1,938 property sales on its Multiple Listing Service® (MLS®) in October, an increase of 3.9 per cent compared to September and a decrease of 18.2 per cent compared to the same month last year. Larry Anderson, President of the Board, said, “What we’re seeing is a combination of above?average sales with below?average new listings which is placing strong upward pressure on home prices, for all residential categories, month?over?month. |
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“It is a very challenging time, particularly for buyers. I empathize with clients who have been trying to buy a home for more than a year without success after multiple attempts. Now, more than ever is the time when buyers and sellers alike must rely on their REALTOR® to guide and advise them in considering all available options, including a change in community or even property type.”
- Larry Anderson, FVRB President |
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MLS® HPI Benchmark Price Activity
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Statistics for the month of October 2021:
Single Family Detached: At $1,396,700, the Benchmark price for an FVREB single?family detached home increased 2.5 per cent compared to September 2021 and increased 33.4 per cent compared to October 2020.
Townhomes: At $720,500 the Benchmark price for an FVREB townhome increased 1.9 per cent compared to September 2021 and increased 26.6 per cent compared to October 2020.
Apartments: At $514,200 the Benchmark price for an FVREB apartment/condo increased 1.9 per cent compared to September 2021 and increased 18.3 per cent compared to October 2020. |
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Bond yields are continuing to rise — meaning mortgage rates are following. Now is a good time to book those pre-approval rates to secure a low interest loan.
Weekly Mortgage Rate Update:
*2 year fixed @ 2.54%
*3 year fixed @ 2.49%
*4 year fixed @ 2.59%
*5 year fixed @ 2.69%
*Variable Rate Mortgage 1.15% @ prime - 1.30% prime rate is 2.45%
*OAC, rates high ratio purchases, subject to certain conditions, rates may change without notice, call for a quote
Call for a quote: Lynn McLellan & Jared Dreyer
Dreyer Group Mortgages Inc. |
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| RESIDENTIAL MARKET COMMENTARY |
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A Change in Tone on Inflation
In its most recent rate setting the Bank of Canada decided, once again, to hold steady at 0.25%. But in comments after the announcement, Governor Tiff Macklem sounded a new tone on inflation. He said the Bank will stand up to it, and not just let inflation manage itself.
Inflation in Canada is running at about 4.4%, more than double the Bank’s target, and it is forecast to rise even higher. Up until now Macklem has called it “transitory”, suggesting inflation would sort itself out and return to normal, once post-pandemic labour shortages and supply bottlenecks ease.
In his comments after the rate setting, Macklem revealed the Bank is now forecasting that inflation will be worse, and will last longer, than originally anticipated. And, he said, the central bank is prepared to step in to control it.
“I want to assure you that inflation is not going to stay as high as it is today, even if it is going to take somewhat longer to come down. The Bank of Canada is committed to ensuring that price increases don’t become ongoing inflation,” Macklem said.
Along with ending its Quantitative Easing bond buying program, the Bank has also moved up its launch date for rate increases to the “middle quarters” of next year, about three-months earlier than previously stated.
In “central bank speak”: “If there are new developments that are pushing inflation away from our target for longer, I think, yes, you can absolutely expect that we will be continuing to adjust our policy settings to ensure that we will get inflation back to target," said Macklem.
Article written by: Lynn McLellan & Jared Dreyer
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| LOCAL BUSINESS OF THE MONTH |
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There is a Story Behind Every Beer...
Welcome to 3 Dogs Brewing!
This family founded and run brewery has 13 in-house brewed craft beers on tap. Their open concept and walk up service is the perfect touch to the White Rock community, you’ll be sure to make a few friends before you head out the door.
On top of their excellent beer you can expect 3 dogs to host Comedy Events which run every three weeks and are hosted by TurnKey Comedy or dabble in your “Bob Ross” abilities with “A Palette of Fun Paint Parties” hosted by Gail Simpson every 2 weeks.
With all their success you can expect 3 Dogs Brewing to open up a second location come this 2021/2022 Winter season, converting their original location into a new cocktail lounge. Their new space will be located at the bottom of the brand new Miramar Village towers boasting 3,700 square ft. space with an outdoor patio section in the miramar courtyard.
3 Dogs Brewing
1515 Johnston Rd, White Rock, BC V4B 3Z6
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12641 26 AVE, SURREY / R2631383
$3,097,000
6 BED | 5 BATH | 4,758 SQ FT.
(+ 700 SQ FT. Coach House)
Check out the cinematic film here.
(& Don't miss the stunning twilight photos in the gallery)!
Immerse yourself in idyllic living in this picture-perfect, turnkey home located in the heart of Crescent Beach. This custom built 4 bed/4 bath home, plus 2 bed coach home is a must see.
Step into the bright, open interior where the contemporary design delivers a clean and refreshing look. Retreat upstairs to your primary bedroom and unwind in your spa-like ensuite complete with soaker tub and oversized shower.
Ideal for the avid entertainer, the lower level features polished, concrete floors, wet bar, custom etched glass backsplash, and a home gym. Enjoy al fresco dining in the incredible, fully fenced-in backyard that includes Trex decking, and a built-in fire table. Too many quality finishes throughout the home, so come see for yourself! |
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#69-6956 193 ST, SURREY / R2603252
$850,000
3 BED | 3 BATH | 1,984 SQ FT. |
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#59-3109 161 ST / R2479090
$964,000
4 BED | 2.5 BATH | 2,786 SQ FT. |
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14012 68 AVE, SURREY / R2617945
$1,997,000
4 BED | 2.5 BATH | 2,537 SQ FT. |
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