Are you a little confused about the bond market lately and the fast climb in fixed interest rates? Over the past 2 weeks there have been over 4 increases. One of my mortgage references, Karen Dennehy, has this to say:

 

"The short answer is the big Institutional investors are dumping Bonds and their current low yields and keeping their cash with a plan to buy bonds later when yields are much higher...they were frightened by Bernake's comments that the US Fed would stop buying bonds and so it seems we are in a free fall of dumping Bonds, which in turn causes yields to go upwards, and at the same time the stock market and gold markets are being sold as well...this is pretty rare indeed."

 

This article might help explain why this is happening.

 

 

If you have questions about this please don't hesitate to get in touch with either myself or Karen.

 

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Honey Stop the Car! I have a rare find for you in Abbotsford!

 

Beautiful Spacious Custom Built Family Home situated in East Abbotsford. Over 3900 sq ft of living!   This rare gem has so many wonderful features; hardwood floors on the main floor, formal living and dining room, spacious oak kitchen with bakers kitchen, pantry, kitchen boasts cork floors, separate nanny quarters, large craft room/sewing room, 2 car garage on main, additional garage under the house (separate entrance, lane access and parking PLUS a 1 bedroom legal suite, PLUS Nanny quarters, 5 Bedrooms 5 bathrooms, South facing large deck (gas outlet for BBQ) entertaining with an unobstructed amazing Mt Baker Valley view. Oh yes ... and did I mention original owners!

 

 

 

Definitely a must see!  Please feel free to give me a call to arrange a private viewing, at 604-832-8229.

 

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Here are the May 2013 statistics from BC Real Estate Association Chief Economist Cameron Muir.

 

 

 

"BC home sales continued to trend higher in May," said Cameron Muir, BCREA Chief Economist. "In contrast to slowing demand and moderating prices in 2012, the BC housing market is turning around." Rising consumer demand combined with inventory levels that remain in check has moved the province's largest markets into balanced territory.  See more by clicking here.

 

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Well, we are at it again!!  Customer Appreciation Night is just around the corner! 

 

 

Sounds great, right?!  Be sure to get in touch with me or give me a call at 604-832-8229 to let me know you will be there!

 

See you next week!

 

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COME AND JOIN US AS WE CHANGE THE WORLD ONE CHILD AT A TIME!




Don't forget!


This Thursday we do Zumba!


WHEN? Thursday June 20th 7:30 pm - 9:00 pm
WHERE? MEI Elementary Gym
WHY? To make a life changing difference for three special girls in need of surgery through the ministry of Imani Orphan Care!

No registration required, just bring your friends and family and come out and have some fun!


For more information please contact kim@imaniorphancare.com


You can also donate online to help these precious girls www.imaniorphancare.com.


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5 YEAR FIXED TERM ARE GOING UP!!

 

Are you thinking of buying?  Is your mortgage up for renewal?

Or perhaps you are seeking refinancing.

 

Either way ...  5 YEAR RATES ARE GOING UP

 

So get your preapproval or rate hold down now!

 

Rate holds are good for 120 days. 

 

Give yourself the peace of mind in knowing your rate has been protected!

 

 

Please visit valleymortgages.ca for more information on rates and mortgage news.

 

 

 

 


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I have **New Listings** to share with you! 

 

For Canterbury Drive please visit this website for more information.

 

 

For Upper Maclure Road please visit this website for more details.

 

 

If you have any questions about either of these great listings please get in touch with me here, or give me a call at 604-832-8229.

 

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The following is the monthly statistics report from the Fraser Valley Real Estate Board:

 

"The Fraser Valley Real Estate Board’s Multiple Listing Service® (MLS®) processed 1,379 sales in May, a decrease of 15 per cent compared to the 1,616 sales in May of last year and 1 per cent more than were processed in April. By historical comparison, sales in May were the slowest for that month since 2001.

Looking at inventory, the Board received 3,172 new listings in May – 4 per cent fewer than received during the same month last year – raising the volume of active properties to 10,651 the highest it’s been this year and 2 per cent lower than those available in May 2012.

Ron Todson, President of the Board, says, “We’re in a transitioning market. We’ve seen a significant improvement in activity compared to last fall, but by historical standards we’re lagging. Sales are about 20 per cent lower than normal for this time of year, while the number of new listings coming on stream is right on average.”

An industry standard for measuring the health of the real estate market is comparing the ratio of number of sales to the number of active listings. The British Columbia Real Estate Association describes the Lower Mainland market as balanced when that ratio is between 15 and 20 per cent. In the Fraser Valley, that ratio has favoured buyers hovering between 10 and 15 per cent for most of the last three years.

Todson adds, “In order for there to be significant downward pressure on home prices, you need to have a sustained period of time when the ratio of sales-to-actives is in the single digits and because that hasn’t happened, prices are remaining relatively stable.”"

 

You can read the entire report by clicking here.

 

If you have any questions about what was reported here please don't hesitate to get in touch with me.  I look forward to helpiing you.

 

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Having a Buyers Agent is no cost to you and can even SAVE you a lot of money, if you have the right one!  Listen to this story of how I was able to help a young couple make the BEST choice for their situation!

 

 

 

If you are in need of a qualified Buyers Agent I would love to work with you!  Please get in touch with me here, or call me at 604.832.8229.

 

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There are SO many listings out there these days, it's important to set yourself apart (rise above) and be noticed! 

 

Today's video is about exactly that ... how to set yourself apart from all the rest to get your home sold!

 

Enjoy!

 

 

I would be honored to work with you to get the best price possible for your home in as quick a time as possible!!  I look forward to hearing from you!

 

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I'd love to share a video with you today about one of the special things I offer to sellers I work with.

 

 

If you have any questions about my sellers guide please don't hesitate to give me a call at 604.832.8229.

 

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