Mir's Corner - Real Estate Blog

To view the YouTube stats video, please click here or click below:

 

The Real Estate market in the Fraser Valley has been picking up (with more inventory) after a slow April 2020 and a busier May 2020 - in both detached and attached Family Homes in Surrey, BC - with detached single Family Homes entering 'Seller's Market' and the attached Family Homes moving from a 'Balanced Market' to a 'Seller's Market'. The sales for detached single Family Homes are a WHOPPING 127% MORE than May 2020, and, the sales for attached Family Homes have also increased from 31% in May 2020 to 120% in June 2020. Personally, I have seen multiple offers on properties in June 2020 and other Realtor colleagues have seen the same outcome.

For the sake of simplicity,

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Stats from May 2020

To view the YouTube stats video, please click here or click below:

 

The Real Estate market in the Fraser Valley has been picking up (with more inventory) after a slow April 2020 - in both detached and attached Family Homes in Surrey, BC - with detached single Family Homes entering 'Buyer's Market' and the attached Family Homes still remaining in a 'Balanced Market. The sales for detached single Family Homes have still dropped slightly by 11%, but, the sales for attached Family Homes have increased by 31%. Personally, I have even had multiple offers on property in May 2020 and other Realtor colleagues have seen the same outcome in May 2020.

For the sake of simplicity, and just focusing on sales ratios in Surrey,

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British Columbia's Restart Plan in Canada to COVID-19

Dear Friends, present Clients' & future Clients',

Here in BC, we have laid out a series of steps and 4-phased approach that will help us in restarting our Province and protect people making sure we come back stronger than before against the effects from COVID-19.

Unlike many other places that imposed strict “lockdown” policies, B.C.’s approach was to require safe operation of a broad range of services designated as essential services, to protect our health care system and maintain access to key services and supplies. Many non-essential businesses remained open, provided they could operate safely.

It will be a while before COVID-19 is behind us. Until then restrictions on large

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B.C. Emergency Benefit for Workers

Dear Friends, present Clients' & future Clients',

The B.C. Emergency Benefit for Workers, a tax-free, one time $1,000 payment for B.C. residents whose ability to work has been affected due to COVID-19. Online applications for the one-time payment are open now, and started as of May 1, 2020.

You Qualify, if you are:

  • a resident of British Columbia on March 15, 2020 and continue to be a resident
  • a B.C. residents who receive the new federal Canada Emergency Response Benefit (CERB), including if you have run out of employment insurance (EI) benefits and now qualify for the CERB
  • approved for the Canada Emergency Response Benefit (CERB), even if you haven’t received a federal benefit payment yet
  • at
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Stats from April 2020

To view the YouTube stats video, please click here or click below:

 

The Real Estate market in the Fraser Valley has been very different and slow for a "Spring Market" in April 2020 with both detached and attached homes in Surrey, BC - both being at a 'Balanced Market while being declared in a 'state of emergency' due to coronavirus - there are homes still being listed and sold (it is not stationary housing market and sales are still happening). For the sake of simplicity, and just focusing on sales ratios in Surrey, BC, for; March 2020 at sales ratio of 30% - which is a strong 'Seller's Market' verses for April 2020 at 13.5%  -- overall (for all property types) -- a 'Balanced Market'. Please note, that the

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Canada Emergency Business Account (CEBA) for small businesses

Dear Friends, present Clients' & future Clients',

The Canada Emergency Business Account (CEBA) will provide interest-free loans of up to $40,000 to small businesses and not-for-profits, to help cover their operating costs during a period where their revenues have been temporarily reduced.

To qualify these organizations will need:

- to demonstrate they paid between $20,000 to $1.5 million in total payroll in 2019

- to have a federal tax registration on or prior to March 01, 2020

- to have an active business chequing/operating acct with the financial institution in Canada and not in arrears on existing borrowing facilities

- to only apply at one participating Canadian

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National Canadian Film Day - 22nd April 2020

Dear Friends, present Clients' & future Clients',

22nd of April 2020 marks - National Canadian Film Day (NCFD) - and I wanted to share some FUN Canadian Movies/Shows for you to have some FUN while staying indoors and following #physical-distancing + #self-isolation - who said you have to be outside to have FUN (all the time)? :-p :-)

For all your Childrez and kidz - please click here and check out the 'Family-Friendly Programing' website & for a 34-pages Canadian Film Activity Bundle in PDF - please click here.

For all adultz - many of NCFD screening partners across Canada will be hosting online watch parties, large and small, in their local communities - please click here to check this out.

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Dear Friends, present Clients' & future Clients',

The BC-TRS was launched by the Province of British Columbia, Canada - for its residents as part of BC's $5 billion action plan. The intent of this program is to provide temporary rental supplement giving tenants and landlords temporary support towards rent payments for renters impacted by COVID-19. Payments are made directly to the landlords of eligible households. The application portal/link is provided for your convenience as the 2nd link or click here to go there directly now. I wanted to provide as much as possible information I can, initially.

The best source of information is definitely the BC Temporary Rental Supplement (BC-TRS) Program (click here to visit this site)

This program is by BC

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Dear Friends, present Clients' & future Clients',

The CERB was just launched today - 06th of April 2020 - an application portal for all Canadians facing unemployment due to COVID-19 crisis and I wanted to provide as much as possible information I can, initially.

The best source of information is definitely the Government of Canada site on CERB (click here to visit this site)

Service Canada and Canada Revenue Agency are jointly administering the CERB and this is a tax-able benefit.

All Canadians who apply will get the funds into their direct deposit (if already setup with CRA), and are expected to receive a first payment within three to five days. Those who use mail should receive a first payment within 10 days. Payment is $2,000 a month for up

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Stats from March 2020



To view the YouTube stats video, please click here or click below:

 

The Real Estate market in the Fraser Valley had been very busy for the first half of March 2020 with many multiple offers on both detached and attached homes in Surrey, BC - once we were declared in a 'state of emergency' due to coronavirus - the market started to slowdown (it is not dead and sales are still happening). For the sake of simplicity, and just focusing on sales ratios for: February 2020 at sales ratio of 30%, and the exact same in March 2020 as well, at sales ratio of 30% -- overall (for all property types) -- still in a strong 'Sellers Market'.

Looking at Surrey, BC, Canada (for single family detached homes); the February 2020 sales ratio

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