Jeet Sidhu Real Estate

11/04/2019

SURREY, BC – The demand for Fraser Valley real estate is the strongest it’s been since the spring of 2018. The Fraser Valley Real Estate Board processed 1,592 sales of all property types on its Multiple Listing Service® (MLS®) in October, a 18.5 per cent increase compared to sales in September...

08/02/2019

SURREY, BC – A noticeable lift in home sales and slight decrease in new listings bolstered the Fraser Valley housing market in July. The Fraser Valley Real Estate Board processed 1,458 sales of all property types on its Multiple Listing Service® (MLS®) in July, a 11.6 per cent increase compared ...

06/18/2019

New mortgage incentive starting in September for first time home buyer.

The government has released details of a program it announced during the last federal budget, an initiative that could see Canada's housing agency contribute up to 10 per cent of the price of a buyer's first home if certain conditions are met.

06/06/2019

Will this “green” idea get the green light?

Growing cannabis at home poses many risks. One challenge for buyers is getting a mortgage approved for a former grow-op. However, this MLA proposes that needs to change.

A B.C. politician is looking at a "green" idea to create more housing stock in the province.Chilliwack-Kent Liberal MLA Laurie Throness says he wants to allow houses that previously had grow-ops to qualify for a mortgage.

05/18/2019

More future development coming to Surrey in Anniedale Tynehead.

City plans envision a population the size of White Rock in a currently rural area, south of Port Kells

01/17/2019

01/11/2019

A BIG “Thank You” to everyone for supporting me in 2018 and helping me achieve my Goals!! Looking forward to a great 2019. Feeling PUMPED!!

01/09/2019

Thinking about purchasing a home this year?

Consider these handy tips when buying your first home: goo.gl/ztpuXp

01/04/2019

Possession days are the Best days!!

01/04/2019

Happy New Year to everyone. Wishing you all a Healthy & Prosperous 2019!!

Here’s the December 2018 Market Update!!! Feel free to contact me if you have any questions about the market.


Real estate forecast anticipates 2019 sales to edge up after 2018's fall

The British Columbia Real Estate Association estimates that economic growth will remain strong enough to support a boost in sales next year after a substantial decline in 2018, according to its latest forecast

When the dust settles at the end of this year, association chief economist Cameron Muir expects sales recorded through the Multiple Listing Service will have fallen 23 per cent to 80,000 transactions, compared with 103,768 in 2017.

“However, continuing strong performance in the economy combined with favourable demographics is expected to push home sales above their 10-year average in 2019,” Muir said.

Province wide, Muir’s forecast is for sales to rise 12 per cent to almost 90,000 units, but with a record number of new homes under construction and high levels of inventory, home prices will be more in keeping with inflation.