ACTIVE
SOLD

A third of Canadian Millennials would rather live in the city than the ‘burbs but for two thirds of those, they are willing to sacrifice that wish to buy the home they want.


A new TD survey finds that 81% of Millennials say they want to own their own home but with affordability (78%) and home size (60%) beating neighbourhood (58%) as the top factors informing homebuying decisions, a move to the suburbs is the right choice for many.


"We're now seeing Millennials looking beyond the city for their housing needs, particularly as they start thinking about their needs for the future, like having more space to raise a family," said Pat Giles, Vice President, Real Estate Secured Lending at TD. "As a result, many are choosing the suburbs to either make the move to a new home or upsize from their current one, a shift from just a few years ago when city living was this generation's preference."


Affordability and space, both inside and outside, are the main reasons for relocation from the city to the suburbs but this may clash with the desire of 45% to live close to work.


CUTTING SPENDING TO BUY A HOME


Millennials are willing to curb their day-to-day spending to further their homeownership dreams.


Most said they would limit eating out, shopping, and entertainment, to be able to afford a home.


"Although homes in today's housing market cost much more than they used to, the desire to own the right home hasn't wavered, especially for Millennials," said Giles

Read full post

Mortgage lenders are less likely to approve same-sex couples according to a new study.


Iowa State University's Ivy College of Business studied US mortgage application data from 1990-2015 and found approval rates for same-sex couples were between 3% and 8% lower than for heterosexual couples.


When more detail about applicants' work history and credit worthiness was included in a subset study, same-sex couples were 73% less likely to be approved.


Even for those that were offered a mortgage, rates and fees were higher.


"Lenders can justify higher fees, if there is greater risk," said Lei Gao, assistant professor of finance. "We found nothing to indicate that's the case. In fact, our findings weakly suggest same-sex borrowers may perform better."


There is requirement for borrowers to disclose their sexual orientation on mortgage applications and the Fair Housing and Equal Credit Opportunity acts prohibit discrimination. For the study, same-sex couples were identified as co-applicants of the same gender.


"Policymakers need to guarantee same-sex couples have equal access to credit," said co-author Hua Sun. "Using our framework, credit monitoring agencies also can take steps to investigate unfair lending practices."

Steve Randall-CanadianRealEstateMagazine

Read full post

Your HVAC (heating, ventilation, and air-conditioning) system keeps your home breathing – consider it the lungs of your house. A strong, durable HVAC system keeps your home nice and healthy throughout the year. Homeowners play a big role when it comes to maintaining healthier homes, and it’s important to understand what’s in your mechanical room and how it’s affecting your indoor air.


The furnace (or utility) room is my favourite room in the house. It is the lifeline to your home and it often gets no attention. All the ductwork in your home is like the veins in your body. Cycling air throughout the house is the most important thing. If you unbalance the system, that will create a problem. 80% of all homes have poor indoor air quality. If you have spent your money correctly and invested in a house built by a good builder, you are protecting the health of your family. So what’s in your furnace room..


Heat Recovery Ventilator


A healthy home is one that has features that get rid of excess moisture. Although opening up windows is a good option for air exchange, that’s not practical during the winter. That’s why an HRV (Heat Recovery Ventilator) is just plain smart, and is part of the building code in most areas. It brings in air from outside, conditions it to the temperature inside the house and then feeds it throughout your home. That means a constant supply of fresh air. On top of that, an HRV is also wired to the furnace so it actually REMOVES stale air.


Some HRVs have a humidistat which should be installed in a central spot in the house. It’s usually set at around 35-40%. If the humidistat detects that there is too much moisture in the air, it starts up the HRV. How simple is that?


When it’s running well, your HRV can recover up to 80 per cent of the heat from the outgoing stream — which can go a long way to reducing your ventilation and space-heating costs. Now that’s smart.


Your Furnace Is The Heart Of Your Home


Think of your furnace as the beating heart of your home. Ducts are the blood vessels that carry heat to all parts of your home, and return cold air back to the furnace to be reheated. It’s important that you don’t restrict the airflow from your furnace through your home. A clogged furnace filter, furniture blocking cold air returns and heat registers will all help do that. A lot of people think that filters were created to help clean your air, but they were actually made to protect your furnace.


NOTE: A clean furnace filter will let your furnace work more efficiently, and work to protect the unit against circulating dust. If your filter is clogged, that means your furnace fan has to work overtime to pull in air through the filter. You’ll be making your furnace work overtime to compensate – and that means more energy output every month causing wear and tear on the unit more quickly, and a higher energy bill at the end of the month.


Managing Moisture In The Air with an ERV


ERVs manage the moisture in the air that’s being pulled into your home. Some builders install an ERV instead of an HRV. In the winter, your ERV will transfer humidity from the air being extracted from your house, keeping your humidity levels relatively stable. During the hot summer months, the opposite happens, where moisture is pulled out from the incoming air — which reduces the work your air conditioner and dehumidifier have to do to keep things even.


I love ERVs for Canadian winters, when the air coming into your house is dry. In extreme climates like ours, an ERV can take some of the load off your HVAC system.


Maintenance Tip: Pay attention to your HVAC filters. I change mine every three months – but during the summer and winter months (when our systems tend to work harder), I change them monthly. A clean filter really does make a difference in how well your unit works. That means money saved on your monthly energy bills.


By Mike Holmes

Mike’s Advice / Home Safety & Maintenance

Read full post

The Internet of things, or IoT, is all about connecting smart devices for people’s comfort, convenience and efficiency. What began a few years ago as mostly a technical phenomenon is today a social trend: connected devices change the way we behave, live, interact and think of our privacy and safety.


IoT is here to stay. The research firm Gartner says that 2019 is the year in which IoT adoption becomes mainstream, with practically most devices and gadgets becoming connected.


For example, the number of wearable devices will increase 25.8% to 225 million in 2019.


Global shipments of wearable devices are forecast to increase by 25.8% year over year to $225 million (GBP 176.3 million) in 2019, according to the latest figures from Gartner. The research firm also predicted that that the end-user spending on wearable devices will reach to $42 billion (GBP 32.9 million) in 2019.


As for smart speakers such as the Amazon Echo and Google Home, they will be the fastest rising category, with a five-year CAGR of 39.1%.


IoT includes all connected devices from smart cars, kitchen appliances, surveillance cameras, locks and doorbells, light bulbs, heat sensors to smart toys and baby monitors.


Gartner predicts the number of connected devices will exceed 50 billion by 2020.


What could these numbers (and IoT statistics) mean for you?


The bigger the smart home market gets, the greater the chance that smart gadgets get into your home, one by one. You start living in a smart home without even thinking of it that way. But, as long as you have devices that ”talk” to you or each other, that connect to your wifi and have an app to control them, you are there.  New sensors, new algorithms and new experiences will make your life more connected, more productive and more comfortable.

Even if your devices are smarter, it’s still your job to make sure they’re safe.


2018 was the year in which people started to pay attention to “data protection” and privacy.  Beyond the legal concerns, people want their privacy to be respected, and they started to push for a change in businesses approach of using their data. Although this problem is far from being solved, people are at least aware of it.


Why would anyone hack your family?


Another challenge that IoT brings for this year is safety. Connecting your devices to the internet creates a gateway into your home and family. Like a real door, it can be used by people who want to force their way in – and many of the smart devices available aren’t even protected by security software and thus are vulnerable to hackers.


They want to take control of your devices to steal your money, use your identity, spy on you or use the processing power of your fancy smart appliance to take down web targets.


You may have read news about IoT devices being infected and exploited, but never thought it could happen to you.


What you can do to secure your smart home

  1. Buy IoT devices only from reputable manufacturers and vendors.
  2. Choose devices with built-in security.
  3. Change the default login and password.
  4. Check for security software updates.
  5. Keep an eye out for sudden spikes in internet traffic or slowdowns in devices — they may be signs of trouble.
  6. Get a security solution for your entire home network to safeguard all the smart devices that share your wifi connection.
Read full post

APRIL 8th to APRIL 21st -


Look who’s hopping into Whimsical Willowbrook at the Majestic Meadows! It’s the Easter Bunny! You are invited to marvel in the Majestic Meadows and with a fantastic photo package worth only $19.99 + tax, you can enjoy cookie decorating activities, floral crowns to take pictures with, complimentary chocolate eggs and even a chance to win a 2.5 kg chocolate bunny!


Plus, we are hosting Sensory Friendly and Pet Friendly photo sessions on Sunday, April 14th! You can find out more here: Event Website

Read full post

We are open for business 47 Sundays of the year, rain or shine. We are the largest garage sale in town and a great place to meet friends, have a coffee and something to eat at our Snack Bar.  


But most of all, people come to shop for new, used, and vintage items of all kinds, produce and plants, collectibles and antiques, electronics, clothing, books, and the list goes on!


We have over 200 indoor tables and an average of 75 outdoor sellers every Sunday at the Abbotsford Exhibition Grounds..


#fleamarket #market #abbotsford


Visit Event Website

Read full post

Come to our HAWAIIAN BOWLING FOR CHARITY at the Abbotsford Galaxy Bowl on Friday, April 5, 2019 in support of S.A.R.A. for Women & Shape Your World Society.


FAMILY FUN for all ages. Door prizes – 50/50 – liquor draws – silent auction! Chance to win a $350 dinner at the Canadian Brew House & Grill.


Dress Hawaiian style or come as you are. Get prepared for crazy style bowling & having FUN!


TICKETS are $20 by etransfer to 5queenbees5@gmail.com. RSVP by April 3, 2019. Thanks for your support.


#shapeyourworld #bowlforcharity #familyfun


Visit event website

Read full post

You've probably heard the expression, "The early-bird gets the worm." It refers, of course, to those who get in early and reap the rewards. For example, if you arrive early to a retail store for a big blowout sale, you're likely to get the deals before the inventory runs out. The stragglers who come later miss out.


Well, this same wisdom can be applied to selling your home. Starting the process early — even if that means simply doing some initial planning — gives you the edge in several ways.


First of all, you get extra time for preparation. That means you can get your home cleaned, uncluttered and staged without feeling rushed. You also get more time to find out how much your property will likely sell for on today's market. That's important information, especially if you're also looking to finance a new home.


Secondly, there's less stress. You'll have more time to make the right decisions. The last thing you want is to be scrambling around, last minute, trying to get your home ready for sale.


Finally, with your initial preparations done, you'll be able to put your home on the market at a moment's notice. That's a huge advantage that's likely to lead to selling your property more quickly and for the best price. In fact, by getting an early start on the process, you might even find that right now is the best time to list -- and you'll be able to do so, with confidence.


Want help getting an early start on selling your home? Call me.

Read full post

Last month, buyers in the Fraser Valley took advantage of the continued stability in home prices and the highest inventory levels for March since 2015. 

The Fraser Valley Real Estate Board processed 1,221 sales of all property types on its Multiple Listing Service® (MLS®) in March, a 24.3 per cent increase compared to sales in February 2019, and a 26.6 per cent decrease compared to the 1,664 sales in March of last year. Of the 1,221 total sales, 462 were residential detached homes, 300 were townhouses, and 346 were apartments. This was the lowest sales total for the Board during March since 2013. 

Darin Germyn, President of the Board, said of the market: “From a buyer’s perspective, there are more opportunities available as we move deeper into spring. Many of our communities are seeing higher inventory levels, especially in the attached market with the number of available townhomes almost doubling and Fraser Valley condos more than doubling compared to last year.” 

There were 7,011 active listings available in the Fraser Valley at the end of March, an increase of 9.4 per cent compared to February 2019’s inventory and an increase of 46.2 per cent year-over-year. 

The Board received 2,872 new listings during the month, a 29.6 per cent increase compared to February 2019’s intake of 2,216 new listings and a 0.2 per cent increase compared year-over-year. 

“One of the reasons our market has remained stable is simply due to affordability. Although prices have increased dramatically over the last ten years, during the last twelve months we've seen prices for all major residential property types in the Fraser Valley decrease between four and five per cent. This is good news for buyers,” continued Germyn. 

For the Fraser Valley region, the average number of days to sell an apartment in March was 38, and 29 for townhomes. Single family detached homes remained on the market for an average of 38 days before selling.
Read full post
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.