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July 2018

Greetings,
You are receiving this newsletter with hopes that you find it informative and entertaining.

If you are thinking of making a move, or just curious about the real estate trend in your area, please feel free to contact us any time. It is our pleasure to help you.

Best regards,
Lyle and Sandy Longridge

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REBGV LATEST HOUSING MARKET UPDATE VIDEO
Increasing inventory, mortgage rates and stricter mortgage regulations contributing to a slower market with more buyers sitting on sidelines awaiting outcome.
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REBGV Latest market update and stats pack confirms-Home seller supply grows as demand declines
With home sale activity dipping below long-term historical averages, the supply of homes for sale in Metro Vancouver* reached a three-year high in June.
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FVREB Latest housing market update confirms Inventory continues to climb in Fraser Valley as sales simmer
The Fraser Valley housing market kicked-off summer with a further increase to overall inventory and a downturn in sales across all major residential property types.
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New real estate rules mean new forms to sign
On June 15, 2018, new real estate rules came into effect that change how REALTORS® and their clients can work together in different circumstances.
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REALTORS® encourage property buyers and sellers to understand new real estate rules
New real estate rules took effect June 15 that will change the way REALTORS® and their clients work together.
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Market Watch - Bank of Canada Raises The Key Interest Rate to 1.5%
As many economists expected, the Bank of Canada announced today that it is increasing the overnight rate by .25% to a (total of 1.5%), the fourth increase since last summer, given strong economic improvements.
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The Hidden Costs of Home Ownership
Many people think if they get a mortgage equal to the amount of money they are paying in rent, that’s all they need to become a homeowner. What they don’t realize is that there are hidden costs that come with homeownership that they may not have considered. If you are looking into buying your own home, there are a few things you should consider before jumping into the game.
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Seven Ways to Pay Off Your Mortgage Faster
Paying down your mortgage as early as possible is one of the best suggestions that financial advisers make to their clients. After all, throwing extra money at the biggest debt you may have can result in big interest savings and being mortgage-free years sooner.
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Life Insurance or Mortgage Insurance? Which One is Better For You?
When buying a home or renewing a mortgage, many people think they are obligated to sign up for their financial institution's mortgage life insurance. Don't rush into buying your bank's insurance policy until you've looked at all the possibilities. You could end up saving money and getting added life insurance coverage at the same time by purchasing a term life insurance policy instead.
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How to Choose the Right Kitchen or Bathroom Fan
Bathroom and kitchen fans are an integral part of your home's overall ventilation system. In addition to removing odours and improving your indoor air quality, fans can also help lower the level of humidity in your house, protecting your home from moisture damage and helping to prevent the growth of mould. But with so many models to choose from, how do you know where to begin?
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Compliments of
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Lyle Longridge
Associate Broker/Realtor
RE/MAX CENTRAL
lyle@lylelongridge.com
Cell : 604-812-4076

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Now is your chance to live amongst nature in prestigious Royal York in this stunning 5 B/R 3 bath home with extensive renovations that backs onto the serene walking trails of Burns Bog.This Amazing family home has a current total living area over 3100 square feet PLUS over 1900 square feet of unfinished daylight walk out bsmt ready for your ideas.Nothing in the area compares to this uniquely massive property at the price point!
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Sandy Longridge
REALTOR® RE/MAX CENTRAL
sandy@sandylongridge.com
cell: 604-812-3371

 

Know what I want?

More great clients like you! Your referrals are always appreciated.

Lyle and Sandy Longridge
Realtors
Longridge Real Estate @ RE/MAX CENTRAL
#1-5050 Kingsway
Burnaby, BC, V5H 4C2

Email us: lyle@lylelongridge.com; sandy@sandylongridge.com
Call us : 604-812-4076

 

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