What are your plans Labour Day Long Weekend?

August 31, 2022 Weekly Newsletter  Hi Lana, Inflation is still a hot topic at this time (rightfully so) but the consumer confidence of Canadians has perked-up a bit according to the latest reading by the Conference Board of Canada. Have a look at our weekly article feature for more insight! As we are near the end of summer, we remind you that it isn't over quite yet! Labour Day weekend is upon us and there are several events you do not want to miss including concerts,  Bard on the Beach and even a rodeo! Scroll down for our list of local events! If you're looking to make a move, give us a call today for a complimentary market analysis & home evaluation.  Connect with us on instagram: @robvisnjak & @pbouwmanrealestate & @lanarosemackay & @kantrivedi.    Want to instantly know the market value of your home? Check it out here: HOW MUCH IS MY HOME WORTH? Rob Visnjak 604.836.0089 www.robv.ca       Personal Real Estate Corporation Paige Bouwman Licensed Realtor 778.960.3433 paige@robv.ca      Lana Mackay Licensed Realtor 604.771.8112 lana@robv.ca      Kan Trivedi Licensed Realtor 778.862.7081 kan@robv.ca      Mandy Roger Unlicensed Assistant 778.999.7628 mandy@robv.ca      CREATING WEALTH THROUGH REAL ESTATE SINCE 2007 ROBVISNJAK ROB@ROBV.CA WWW.ROBV.CA Weekly Mortgage Rate Update Mortgage Rates: *2 year fixed @ 4.43% *3 year fixed @ 4.83% *4 year fixed @ 4.83% *5 year fixed @ 4.59% *Variable Rate Mortgage 3.80%  @ prime -.90% prime rate is 4.70% *OAC, rates high ratio purchases, subject to certain conditions, rates may change without notice, call for a quote Labour Day Long Weekend Events Happy Labour Day from our team to yours! We encourage you to get out this long weekend and enjoy the events our great city has to offer. Here are a handful of options in our area:  Live at Labour Day in Holland Park Bard on the Beach - Extended for Labour Day Labour Day at Burnaby Village Museum North Vancouver Polish Day Festival Valley West Stampede We hope to see you and your family there! Cheers!   Residential Mortgage Commentary The consumer confidence of Canadians has perked-up a bit according to the latest reading by the Conference Board of Canada.  The non-partisan, non-profit economic think-tank says its index rose 2.3 points, to 75.1 in August.  The index fell 6.6 points in July. At least some of that improvement appears to be tied to the slightly improved inflation reading in July.  The pace of consumer price increases dipped back to 7.6% after hitting 8.1% in June.  Almost all of that decline came from lower gasoline prices. According to the Conference Board, Canadians remain wary of inflation and the rising interest rates being used to fight it – and not without good reason. Both the Bank of Canada and the U.S. Federal Reserve have repeated their intentions to continue, aggressively, raising their policy rates until inflation falls back into their target range of 1% to 3%. The latest reassertion of that came Friday from U.S. Fed Chair Jerome Powell, at the annual meeting of central bankers in Jackson Hole, Wyoming. “Restoring price stability will likely require maintaining a restrictive policy stance for some time. The historical record cautions strongly against prematurely loosening policy,” Powell said. Powell also, very directly, warned there will be financial pain for many households and businesses.  Higher rates will slow the economy and potentially increase unemployment. "These are the unfortunate costs of reducing inflation."  But a failure to restore price stability would mean far greater pain," he said. Source: First National New Luxury Listing 24439 56 Avenue, Langley | R2719674 5,049 SQ. FT. HOME | 22,732. SQ. FT. LOT 7 BED | 5 BATH $3,495,000 VIRTUAL TOUR    Custom built and privately situated on a 22,732 sqft lot in the heart of Salmon River. Vaulted ceilings and spacious layout with abundant windows flowing with sunlight. This stunning 5,049 sqft residence offers 3 bedrooms on the upper level, a junior master on the main level, plus a legal 2-bedroom suite above the 3-car garage. Oversize patio doors provide indoor/outdoor living to your private 484 sqft covered deck and sprawling yard. The living space continues to the lower level with rec-room featuring builtin theatre with 110’ screed and 9.2 surround sound. Custom cabinets throughout, engineered hardwood floors, quartz counters, Bosch appliances with dual fuel gas range. Detached shop w/100amp panel, 4-piece washroom and roughed in kitchen, fire pit w/gas rough in, and 8-person hot tub. #150 - 19525 73 Avenue, Surrey | R2719669 1,974 SQ. FT. HOME  4 BED | 4 BATH $875,000   Exceptional space and functionality make this one the most desirable units at Uptown. Enjoy the sprawling 1,974sqft of living space, plus an additional 220sqft of patio/balcony and fully fenced yard. The upper level offers 3 spacious bedrooms, including a well-appointed master with generous walk-in closet and fabulous ensuite with double sinks and oversized glass shower. Entertainers and chefs will love the main level boasts a gourmet kitchen with quartz counters, stainless steel appliances. Bonus rec area/4th bedroom on the lower level with full ensuite bathroom. Double side-by-side garage, PLUS 2 additional spots in the driveway! Amenities include playground, clubhouse, guest suite, and exercise centre! Central location close to schools, shopping, transit, parks and recreation. Copyright © 2022 Rob Visnjak, All rights reserved. You are receiving this email because you opted in via our website. Our mailing address is: Rob Visnjak 1920 152 St #1 Surrey, BC V4A 4N6 Canada Add us to your address book Want to change how you receive these emails? You can update your preferences or unsubscribe from this list.