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Why Now Is the Best Time to Buy a Home in Vancouver & Fraser Valley

As a realtor in Vancouver and Fraser Valley, you’re likely seeing shifts in the market that create exciting opportunities for buyers. Here’s why now is the ideal time to invest in real estate in this region:

1. Market Shifting Toward Buyers

Fraser Valley has seen a notable increase in inventory—up 34% year-over-year—while home sales are rising after a period of sluggish activity. More available properties mean less competition and better chances to negotiate favorable deals.

2. Favorable Mortgage Conditions

Following the Bank of Canada's recent rate cut, home sales in Fraser Valley saw an increase for the first time in five months. Lower interest rates make mortgages more affordable, reducing monthly payments and overall borrowing costs.

3. Seasonal Buying Advantage

Historically, spring and summer bring a surge in listings, providing more choices for buyers. By acting now, buyers can secure properties before competition intensifies.

4. Long-Term Investment Growth

Despite recent slowdowns, home values in Vancouver and Fraser Valley have a history of appreciation. With sales rebounding, prices are likely to rise again, making now a smart time to invest before the next price surge.

For buyers considering a move, this period presents a rare window of opportunity to purchase in a shifting market with strong future growth potential.

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I have sold a property at 1 12091 70 AVE in Surrey

I have sold a property at 1 12091 70 AVE in Surrey on Jul 1, 2024. See details here

Welcome to your dream home at "THE WALKS!" This rarely available, centrally located, 2014-built, corner townhome offers over 1800 sq ft of luxurious living space. Featuring 4 bedrooms and 4 baths. Enjoy an open floor plan bathed in natural light, with a kitchen equipped with high-end appliances, quartz countertops, and modern lighting. Enjoy views of the Sikh Temple and Park from your balcony and master bed. Three bedrooms upstairs provide ample room for a growing family. The fully fenced backyard is perfect for family gatherings. With 4 car parking (2 covered, 2 open) and walking distance to the Mall, Groceries, Schools, McDonald's, and Transit. OPEN HOUSE: June 29 & 30, 2-4 PM.

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