Precise Real Estate Group

After alot of hard work preparing this home for market, we are very pleased that we were able to secure a successful sale in only 8 days! Congrats to the seller and the new buyers!

Available August 1st - $2600 /Month
2 Bed / 2 Bath in the Wyatt (Willoughby - Langley)

Suite Amenities:
Master Bedroom has private balcony and full bathroom) 754 sq ft suite on second floor with two large balconies.

• Full size in-suite washer and dryer
• Premium stainless-steel appliances incl. microwave & full d/w
• Laminate flooring
• 1 Parking spot included
• Utilities Included: gas for stove, water, heat, A/C
• Not Included: cable, internet, telephone, hydro

• Elevator • Gardens • Playground • Storage • Wheelchair Access

Location highlights:
• Yorkson neighbourhood
• 5-min walk to Willoughby Town Centre
• Close to Highway 1
• 11-min drive to Langley Town Ctr & Willowbrook Shopping Ctr
• 7-minute drive to Carvolth Park & Ride

Contact Glenn with any inquiries.
604-690-8838 / [email protected]

June 2024 Rental Report - Keypoints

City-Specific Trends:

Vancouver: Rents increased by 1.1% monthly but decreased by 7.8% annually.

Toronto: Rents fell to a 22-month low, down 2.5% monthly and 3.5% annually.

Edmonton: Highest growth among major cities, with a 14.3% annual increase.

Calgary, Montreal, Ottawa: Moderate increases in rents.

Provincial Trends: Most provinces saw rent increases, except Ontario, where rents declined.

Shared Accommodations: A 7.5% annual increase in asking rents, with notable variations across cities.

National Rent Increase:
Average asking rents in Canada rose by 7.0% year-over-year in June 2024, reaching $2,185 per month, the slowest growth in over a year.

Monthly Decline:
Rents decreased by 0.8% from May, the largest drop since early 2021.

Market Levelling:
Strong rent increases are now mainly in less expensive cities, particularly in the Canadian Prairies, while larger markets with affordability issues see slower or falling rents.

Apartment Rents:
Purpose-built and condominium apartment rents fell by 1.0% from May, with year-over-year increases of 9.0% for apartments.

Overall, the report highlights a trend of leveling rents nationally, with significant variations across different regions and property types. 🏡✨

In June 2024, Metro Vancouver’s real estate market saw a shift favoring buyers, with home sales falling below seasonal and historical averages. Residential sales totaled 2,418, a 19.1% drop from June 2023, and 23.6% below the 10-year seasonal average. Despite this, inventory levels surged to 14,182 active listings, a 42% increase from the previous year, providing buyers with more options.

The sales-to-active listings ratio was 17.6%, indicating balanced market conditions. Detached home sales decreased by 18.2%, apartment sales by 20.9%, and attached home sales by 16.6%. Benchmark prices saw slight increases year-over-year but minor decreases from May 2024.

Andrew Lis of GVR noted that while buyers remain hesitant, the increased inventory and potential interest rate cuts could further tilt the market in buyers’ favor. Well-priced properties are still selling quickly, suggesting opportunities for astute buyers. 🏡✨

Curious about the real estate market dynamics in your area but hesitant to engage a Realtor just yet? Gain an edge with instant property insights. Our automated system delivers instant property insights tailored to your defined search area. From active listings to recently sold data, receive it all directly in your inbox within minutes. Stay informed, stay ahead, and make decisions at your own pace. 🏡✨

Click link here to get report now ...
https://preciserealestate.ca/market-insight.html

Please feel free to message us if you have any questions or would like to receive a more in-depth report.

Tired of dealing with tenants and property management tasks or know someone who is?
We offer property management services with no hidden fees and reasonable costs. We take the pain out of property management and make renting your property simple.
We provide the following services as part of our property management program:

* New Tenant Marketing, Screening and Acquisition
* Rent Collection and Accounting
* Emergency Service On Call 24 hours
* Maintenance and Service Call Scheduling and Management
* Residential Tenancy Branch Dealings

Please reach out if there is anything we can do to help with your property. Look forward to hearing from you.

Have an amazing day!!

"" Just Sold ""

Congratulations to our buyers on the purchase of this beautiful, 17 year old home in an amazing location!! After an extensive search viewing dozens of properties in 4 different cities, we are so happy that we were able to help them find "the one" and facilitate a smooth and successful purchase!!!

Please feel free to reach out if you would like to chat about your real estate needs. Buying, Selling or Property Management

.ca

Thinking about deferring your property taxes?

https://www.rebgv.org/content/rebgv-org/news-archive/interest--fees-increase-amount-owed-for-property-tax-deferment.html?fbclid=IwAR0ylfK3Rqkq1GrlNJ2KhOCnV0AFaNSzfk8bOeUX-mMGT1WLfUPB61W2Il4

Interest, fees increase amount owed for property tax deferment If your clients are deferring their property taxes, interest rates and fees will increase the amount they owe. (2 minute read)

The month-over-month price gains seen earlier this year abated in the Metro Vancouver housing market in September due to a seasonal decline in sales and a modest increase in inventory levels across the region.

Here's a summary of the September 2023 housing market statistics.

September 2023 Market Insights Due to an increase in the number of homes listed and higher mortgage rates, prices gains have slowed.

Another day and another home sold!
Congrats to our buyer clients on the purchase of this incredible property in Qualicum Beach!
After helping them sell their longtime home in Coquitlam, we were so excited to assist this amazing couple in their journey and search to purchase a new home for the next phase of their life.
With them not knowing exactly where they wanted to move, Qualicum Beach wasn’t even on their radar. After listening to what type of lifestyle they were looking for, we strongly encouraged them to explore Qualicum Beach along with the other areas that they were already considering and lined up some properties for them to view.
When they eventually made their way to Qualicum Beach to view the properties … they instantly fell in LOVE! Their first thought on arrival was “Why would we ever look anywhere else? This is paradise!”
So glad we could read between the lines and help them find their paradise!
While it’s bittersweet to say goodbye, we couldn’t be more excited for them and the incredible future that awaits.

Congratulations to our sellers on the sale of their West Coquitlam Full Duplex home! After having it previously listed on the MLS without a successful sale, the owners listed exclusively with Glenn and I. They were thrilled that were able to bring them an offer that was quite substantially higher than previous offers. (Higher by hundreds of thousands)!
Now after 34 years and the sale of their Coquitlam home complete, they are looking forward to the next phase of their life moving on outside of the Lower Mainland!!
Lynn & Glenn Cooper - Evergreen West Realty
604-354-8838

Precise Real Estate Group updated their business hours.