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Yesterday our Monthly Real Estate Stats post noted the hot hot suburban markets in #WhiteRock & #SouthSurrey.

 

Well it seems the media agree with us!

Check out this GlobalBC report (then check out the January stats post below).


 

http://Home%20prices%20also%20rising%20dramatically%20in%20suburbs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


 

Fraser Valley Real Estate Statistics – January 2016 (click on image)

 

 

Logo 2016 HD

 

 

 

 

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If you are planning on visiting some Open Houses in the fabulous White Rock & South Surrey area, please feel free to use our list of all Open Houses in the area.

 

If you have questions regarding areas, local school rankings, amenities, best value areas, we are area experts and offer information to help you make the best choice for your wants and needs.

 

Click the image below for the Open House List. Oh, and don’t forget to ask us about the Ten Commandments for Home Buyers.


  

 


 

(partially because we believe in their ability to surpass your expectations,

but mostly because we are them).

 

 

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My neighbour asked me this the other day. It was 3 p.m. and I was checking the mail.

 


-What does a Realtor do all day,


 

He came over and said, “Busy day today, I see. Are we lounging this afternoon again? It must be nice to sell a few houses and make the big bucks and then lounge from home all day.”

 

I smiled and changed the subject. There’s no need to try to convince him otherwise. 

 

Then he said, “What do you really do all day? There are some days that I don’t even see your Jeep leave the driveway. Seriously … what do you do all day?”

I smiled again and explained that I spend a lot of time in front of the computer, on the phone and answering texts. I found myself trying too hard to convince him that I really do work hard, and I work a lot of hours. I ended the conversation and went back inside. No harm, no foul.

His question really got me thinking.

What do Realtors really do all day? 


Time to break out my calendar and explain what I do all day.

Monday: I met with a Mortgage Broker at my office in the morning. He was explaining what products he had to offer. That was followed by a lunch with a Real State Lawyer, a listing appointment that afternoon, and a few showings that evening.
Tuesday: I was sick on the couch (that’s rare!), but I was still able to get up and around by the evening to show view properties. I had to cancel a pretty big real estate webinar that day, though. Bummer.
Wednesday: I blogged a lot and spent a good part of the afternoon working on real estate videos. That evening I showed a home to some seller/buyers, and then showed homes to another buyer. We found the one and will be writing an offer today.
Thursday: Right now it’s 9:17 a.m. I just finished my smoothie, got a great blog idea, and then I’m going for a bike ride. Then I need to schedule three closings for next week followed by another listing appointment tonight. I may try to squeeze nine holes of golf in before my listing presentation tonight.
Friday: More videos during the morning followed by an afternoon of phone calls to past clients. Friday night will consist of me showing a few more homes to yet another buyer client.
Saturday: There’s a possibility that we’ll have a listing appointment followed by dinner with past clients. (See, we work our sphere of influence and past client base to not only say hello and catch up, but to ask for referrals to grow our business.)
Sunday: We have yet another new listing appointment that afternoon. Hopefully, that will end the work week and I can watch some hockey with my boys.

Don’t forget all of the phone calls, texts, and all of the emails we receive throughout the day and evening. Oh, and don’t forget about the interaction on Facebook and all of the other social media sites that bring in business. I do most of that in the evenings.

Oh, and don’t forget that we also touch base with each and every seller on a weekly basis, and our Monthly Newsletter that we take time to prepare, and our mail marketing that we work on weekly, and …

Are you catching my drift here? 

Being two full-time Realtors with a thriving and growing business is more than a full-time job. We don’t clock out as much as we should. We live and breathe real estate almost every day and almost every evening.

Sure, it may look like we have it easy, and to be honest, sometimes I think we do. Doing what you love rarely feels like work.

 

But it is work. 

 

Time for me to log off, go push some weights and hit the cardio, and then get back to my life of leisure, fun in the sun, and my daily massages and mojitos.

 

Or something …


 


 

This was originally posted by our associates, Amanda and Jared Christiansen on ActiveRain. The Christiansens specialize in Fort Wayne, Ind., real estate for Century 21.


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WOW! Get a look at the weather  for today!

You’re almost as likely to get a tan as you are a bargain!

 


 

 


We go to great effort to bring you this complimentary service. Would  you mind mentioning us to friends and family are considering buying or selling real estate? And when you do, let us know. We’d like to show us our appreciation.

 

Click below, on our shameless plug, to go to the map.

 


 


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BUYERS SEE VALUE IN SINGLE FAMILY DETACHED HOMES IN THE FRASER VALLEY 

 

(Surrey, BC) – In March, the Fraser Valley Real Estate Board (FVREB) processed 1,259 sales on its Multiple Listing Service® (MLS®), an increase of 12 per cent compared to the 1,128 sales during March of last year, and a 14 per cent increase compared to February’s 1,102 sales.



Ray Werger, President of the Board, says, “We did see activity pick up last month with an increase in demand in particular for single family detached homes. Sales were noticeably higher in North Delta, Mission and Langley compared to last year.

“Last March, sales of detached homes accounted for 55 per cent of sales of our three main residential property types and this year that increased to 58 per cent. It may not sound like much, but that translated into over 100 more sales. The property type that lost ground was townhouses.”


Click on image to see full Fraser Valley stats package.

Werger explains,

“Our main buyers are families looking

for the best value possible by taking advantage

of continuing low interest rates

and stable home prices.” 

 


The most popular price range for single family detached homes in the Fraser Valley last month was between $500,000 and $600,000. The benchmark price of a typical detached home was $563,400, an increase of 3.5 per cent compared to $544,300 during the same month last year.

For townhouses, the benchmark price in March was $297,100, a decrease of 0.4 per cent compared to $298,200 in March 2013 and the benchmark price of apartments was $195,400, a decrease of 4.3 per cent compared to $204,200 in March 2013.

The Board posted 2,799 new listings last month, an increase of 2 per cent compared to the 2,736 posted during March of last year bringing the total number of active listings in March to 8,763 – 8 per cent less than were available during March 2013.  
Werger adds, “We can’t emphasize enough that real estate is local. What’s happening with the Fraser Valley housing market in general may or may not be happening to the market for your home. Contact your local REALTOR® for detailed market information by community, neighbourhood and property type.”



In March, Fraser Valley’s sales-to-active-listings ratio – a comparison of sales and inventory that measures the health of the market – was 14 per cent for all property types (residential and commercial combined); and, 18 per cent for the three main residential property types indicating stability in the marketplace.


The Fraser Valley Real Estate Board is an association of 2,792 real estate professionals who live and work in the BC communities of North Delta, Surrey, White Rock, Langley, Abbotsford, and Mission.  The FVREB marked its 90-year anniversary in 2011.

Full package Here

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Policy manuals are guidelines, not rules

By Tony Gioventu, 24 hours

Thursday, October 31, 2013 12:34:42 PDT PM

 

Dear Tony: Our strata corporation of 38 units has developed a policy manual over the past 2 years to help owners understand the operation of our property and to control how people use their strata lots and the common property. We have a new owner who took possession of their unit in August and is challenging the policy manual. Our manual has a clear list of conditions that any owner must follow before they consider any alterations to their strata lot.

 

This owner has decided to upgrade the carpets and repaint their strata lot without the permission of the strata council. Several owners complained about the type of paint used and the odour , and the debris in the hallways during the construction. Council sent the owner a letter outlining the violations of the policy manual advising of the complaints and imposing a number of fines. The owner’s response was rude, to the extent that the policy manual does not apply and that we might wish to find a place to put our policy manual. — Help, Margot W. Vancouver

 

 

 

Dear Margot: While policy manuals may be helpful by providing basic instructions and operations guidelines for owners, they are usually unenforceable because the policies have not been ratified by the owners as rules, or bylaws. To ensure the policies of your strata corporation are enforceable they must be either a rule, which may be passed by council but must be ratified by majority vote of the owners at the next general meeting of the strata, or they must be a bylaw which when passed by ¾ vote resolution of the owners at a general meeting, must be filed in the Land Title Registry to be enforceable.

A common error made by strata corporations, is that matters relating to strata lots or administration of the strata corporation may be adopted as rules or in a policy manual. Matters relating to strata lots or the administration of the strata corporation must be bylaws. Rules are only for the purpose of governing the use, safety and condition of the common property and common assets. Policy manuals are often misleading and imply authority that does not exist.


 


Before you enforce any further policy from your manual, I would recommend you get some legal advice on the enforceability of the manual. It is possible that the bylaws of your strata and the Standard Bylaws of the Act may have some application to the alleged violations. While being rude solves nothing and simply cultivates an adversarial relationship with the council, the owner is correct, your policy manual has no enforcement in any case as it was never ratified as a rule or passed as a bylaw where applicable.

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Why Strata Councils Need to Elect Scrutineers

 

By Tony Gioventu, 24 hours

Wednesday, October 23, 2013 3:51:33 PDT PM

 

Dear Tony: At our annual meeting last Saturday, a resolution came up that required a secret ballot. Before the resolution vote was called, an owner demanded a secret ballot. At first, the president refused. However, one owner brought our bylaws, which require a secret ballot if any eligible voter requests a secret ballot.

 

 

Fortunately, our secretary came well prepared as a result of attending one of the CHOA workshops, and we had ballots, a voting box and voting booth. When voting was complete, the president, who chaired the meeting, picked up the box and was about to leave the room to count ballots, but he was challenged by the owners and stopped from leaving the room.

We requested scrutineers being appointed and the president chose his wife, and they counted the ballots at the front of the room, and then reported the outcome with the resolution passing.

To avoid these confrontations, how could this have been handled better?

— Tracey Dawes

Dear Tracey: The underlying fundamental at annual or special general meetings is that matters are decided by majority vote unless a different voting threshold is required, like a three-quarter or unanimous vote.

Either at the beginning of a meeting or before a resolution vote is called, eligible voters or the president may put forward individuals who are elected to act as scrutineers, by majority vote.

Scrutiny implies a close and continuous watching or guarding. Appointing scrutineers indicates that the strata corporation has a formal process for the counting and reporting of ballots and the outcome.


Complimentary Garage Sale Signs!

 


If there are differing factions in a community, having scrutineers from both interests will greatly reduce conflict and suspicion over the voting procedures. In addition, by doing so, the corporation will have voted for the scrutineers’ appointment and granted them the authority to count the votes and report the results.

Great care should be taken to ensure voting procedures are transparent. Only voters should place their own ballots in a ballot box, and the ballots should be counted in the room in front of the eligible voters. Then the chairperson announces the result of the vote reported by the scrutineers. Don't forget, these procedures and decisions also need to be reported in your minutes.

Tony Gioventu, Executive Director

Condominium Home Owners' Association (CHOA)

www.choa.bc.ca


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Canada Mortgage and Housing Corporation (CMHC) just announced an increase to their default insurance rates. Anyone purchasing their home with less than a 20% down payment is required to have their mortgage insured against default. The premium charged for that insurance has increased to as much as 3.15% of the amount borrowed from the current 2.75%. What this means is that on a mortgage of $250 000 the increase will amount to an additional $1000 on your mortgage which will increase in your monthly mortgage payment.

 


The good news is that this doesn’t come into effect until May 1, 2014. As long as you arrange your mortgage prior to May 1, 2014 (closing date can be after May 1, 2014) you won’t be subject to this increase.
Click here to read the CMHC article.
Interest rates are still low and house prices continue to slowly move upwards even though sales have been down slightly over the last couple months. According to the latest announcement from Royal Lepage “housing has continued to maintain its momentum and expect a 3.7% increase in home prices this year”.
The Canadian mortgage landscape seems to change monthly. Having a mortgage professional who is not only knowledgeable but passionate about all things mortgages is your best bet when it comes to offering sound advice. If you know someone that has a question about buying a home or refinancing contact me anytime.

 

Information supplied by our friend:

Patrick Maguire,
Mortgage Alliance
Mortgage Consultant
(604) 505-6208
(604) 949-2090
pmaguire@mortgagealliance.com
http://www.mortgagealliance.com/PatrickMaguire



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Votes not adding up at strata council

By Tony Gioventu,

 

 

(FOTOLIA)

Dear Tony: Our strata annual meeting last week ended up being a gong show. Under Robert’s Rules of Order, the president of our council ran the meeting with an iron fist and refused to allow anyone to discuss motions, or make amendments to the budget. While the meeting was finished in only 45 minutes, there were many issues that were not addressed. We passed three new bylaws, all of which were necessary, but in looking at the minutes of the meeting, the newly elected council is not sure they passed.

The result said the resolution carried, but the numbers don’t add up. We have 44 units and only 21 people voted in favour of the resolutions, with 15 yes, five no and one abstained. Seems trivial, but we don’t know what to do next?

Carla B.

 

Dear Carla: Calculating the votes is the easy part; however, if your strata corporation has adopted Robert’s Rules of Order as part of your bylaws, that may create calculation complications. Under the Strata Property Act, and provided you have a quorum, the votes for majority votes and three-quarter votes are calculated on only those units that have voted for or against a resolution, and who have not abstained.

So in your case the resolution appeared to have been calculated and reported correctly. 15+5=20, and three quarters of 20 is 15 so the bylaw resolutions would have carried. The total number of units is only relevant to the application of quorum, along with the calculation of eligible voters and your quorum bylaws.

It is also used to determine when a resolution may be acted upon. If less than 50% of the strata lots have voted in favour of a three-quarters resolution, the strata corporation must wait for a period of seven days before they proceed with the resolution — in your case, filing of the bylaws. The reason is that a petition of the owners within seven days of the meeting may demand a reconsideration of the vote, and a meeting would have to be reconvened for the owners to re-vote on the three-quarters resolutions.

It is critical if a strata corporation has commercial units to remember that their voting is not one vote per strata lot, and that residential and commercial must both ratify the bylaws by three-quarters vote separately.

 

Sincerely,

 

Tony Gioventu, Executive Director

Condominium Home Owners' Association (CHOA)

www.choa.bc.ca

 

As well as being

Executive Director of Condominium Home Owners' Association (CHOA) Tony writes a column for several publications including 24.

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