We are proud to announce that this Apr 24th, 2:00 PM to 4:00 PM we will be hosting an Open House at 13023 61A Ave. in the PANORAMA RIDGE neighborhood, SURREY. This is an opportunity to visit this excellent House for sale in beautiful PANORAMA RIDGE.

Please come with any questions you may have. In the meantime you can take a virtual tour of this PANORAMA RIDGE House for sale.

As always please do not hesitate to give me a call at 604.307.4242 if I can answer any questions before the open house, or if you would like to book a private showing.

Tammy Evans, Personal Real Estate Corporation
Treeland

I just finished uploading this House for sale, 13023 61a Ave, SURREY, B. C.

I just finished uploading this Apartment for sale, 104 20896 57 ave, Langley, B. C.

Bayberry- End unit, corner, ground floor (elevated, for extra privacy and security)- 2 bed, 2 full bath updated unit. No neighbors on 3 sides- only 1 shared wall! Lots of windows, and a HUGE, south and west-exposed deck, partly covered- probably the biggest deck I've ever seen in an apartment, overlooking Courtyard and gardens and lawn on the quiet side of the building. Open plan is great for entertaining. Updated kitchen features great counter space with eating bar, lots of cabinets, and living room features gas fireplace, included in strata fee. Computer nook, newer appliances and flooring. Master bedroom boasts walk in closet and 3 piece ensuite inc. double-size shower. No wasted space in this home! Storage locker and underground parking spot, plus open parking available at $15/mo. No rentals, one dog (16" max at the shoulder) or two cats allowed.

I just sold this House at 19789 48 Avenue, Langley, BC LANGLEY CITY.

View this recently sold House or see all my home sales

I just sold this House at 19845 37A Avenue, LANGLEY, BC Brookswood.

View this recently sold House or see all my home sales

The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent.

Growth in the global economy is expected to strengthen gradually from about 3 per cent in 2016 to 3 1/2 per cent in 2017-18, a weaker outlook than the Bank had projected in its January Monetary Policy Report (MPR). After a slow start to 2016, the US economy is expected to regain momentum, but with a lower profile and a composition that is less favourable for Canadian exports. Financial conditions have improved, partly in response to expectations of more accommodative monetary policy in some major economies.

Prices of oil and other commodities are off their earlier lows and slightly above levels assumed by the Bank in January, but remain well below historical averages. Nonetheless, the Bank expects deeper cuts to investment in Canada’s energy sector than were forecast in January. Meanwhile, the Canadian dollar has firmed, reflecting shifting expectations for monetary policy in Canada and the United States, as well as recent increases in commodity prices.

The Canadian economy’s complex structural adjustment to the oil price shock is ongoing and will dampen growth throughout the Bank’s projection horizon. First-quarter GDP growth appears to have been unexpectedly strong, but some of that strength is due to temporary factors and is likely to reverse in the second quarter. Still, it does appear that the positive forces at work in the economy are starting to outweigh those that are negative. Non-resource exports are expected to strengthen, but their profile is weaker than previously projected, in part because of slower foreign demand growth and the higher Canadian dollar. The economy continues to create net new employment, especially in services, despite job losses in resource-intensive regions. In this context, household spending continues to expand moderately. While business investment is still shrinking due to sizeable declines in the energy sector, it is expected to turn positive later this year. The complex adjustment figures importantly in the Bank’s annual review of the economy’s potential, which has resulted in a lower estimated range for potential output growth.

The combined effect of all of these global and domestic developments would have been a modest downgrade of the Bank’s outlook. However, the fiscal measures announced in the March federal budget will have a notable positive impact on GDP. The Bank now projects real GDP growth of 1.7 per cent in 2016, 2.3 per cent in 2017 and 2.0 per cent in 2018. This new growth profile, combined with the revised estimate for potential, suggests the output gap could close somewhat earlier than the Bank had anticipated in January, likely in the second half of 2017.

Inflation in Canada continues to track largely as the Bank anticipated. Total CPI inflation is below the 2 per cent target and will likely ease further before returning to 2 per cent as the effects of exchange rate pass-through and lower consumer energy prices unwind and the economy’s excess capacity diminishes. Measures of core inflation are close to 2 per cent and continue to reflect the offsetting influences of past exchange rate depreciation and excess capacity.

Overall, the risks to the profile for inflation are roughly balanced. Meanwhile, financial vulnerabilities continue to edge higher, in part due to regional shifts in activity associated with the structural adjustment underway in Canada’s economy. The Bank’s Governing Council judges that the overall balance of risks remains within the zone for which the current stance of monetary policy is appropriate, and the target for the overnight rate remains at 1/2 per cent.

Provided by: Bank of Canada - www.bankofcanada.ca

I just finished uploading this House for sale, 4288 200 st, LANGLEY, B. C.

We are proud to announce that this Apr 10th, 1:00 PM to 3:00 PM we will be hosting an Open House at 15414 26 Avenue in the Sunnyside neighborhood, SOUTH SURREY . This is an opportunity to visit this excellent House for sale in beautiful Sunnyside.

Please come with any questions you may have. In the meantime you can take a virtual tour of this Sunnyside House for sale.

As always please do not hesitate to give me a call at 604.307.4242 if I can answer any questions before the open house, or if you would like to book a private showing.

Tammy Evans, Personal Real Estate Corporation
Treeland

News Release: April 4, 2016

MARCH SEES HIGHEST MONTHLY SALES ON RECORD FOR FRASER VALLEY

SURREY, BC – Fraser Valley real estate hit a historical high in March, setting the record for sales processed in one month since the Fraser Valley Real Estate Board’s (FVREB) inception in 1921. .

In March, the FVREB processed 3,006 sales on its Multiple Listing Service® (MLS®), an increase of 62 per cent compared to March 2015 and 26 per cent more then was processed in February. The previous record of 2,720 processed sales was set in March of 1991.

Charles Wiebe, President of the Board, said of this month’s statistics, “This market is uncharted territory for Fraser Valley real estate. It’s typical for spring to see a jump in activity; however, March came and went at a break-neck, record-setting pace. I’ve never seen anything like it.”

“While I’m certainly encouraged that so many are finding their way to owning a home in the Fraser Valley, I know that it can also be challenging for first-time homebuyers and those looking to transition. Talk to a local REALTOR®, and discuss what you want and what’s possible for you. We can help you get there.”

The Board received 4,057 new listings in March, an increase of 31 per cent compared to March of last year, and a 24 per cent increase from February. The total active inventory for March was 5,485, down 33 per cent from last year’s 8,193 active listings.

Wiebe commented, “This is typically a busy time of year to buy and sell real estate, and those seeking homes are hungry to purchase. Unfortunately, inventory is struggling to keep up. With that said, if you’re thinking of selling your home, I encourage you to talk to a REALTOR® and consider your current opportunities. The market is in your favor.”

Across Fraser Valley, the average number of days to sell a single family detached home in March 2016 was 17 days, compared to 43 days in March 2015.

The MLS® HPI benchmark price of a Fraser Valley single family detached home in February was $741,000, an increase of 26 per cent compared to March 2015 when it was $588,500.

In March, the benchmark price of townhouses was $344,300, an increase of 14.9 per cent compared to $299,700 in March 2015. The benchmark price of apartments also increased year-over-year by 13.8 per cent, going from $190,800 in March 2015 to $217,200 in March 2016.

Stats package provided by the Fraser Valley Real Estate Board. For a full package click here: http://www.fvreb.bc.ca/statistics/Package%20201603.pdf