February 2025 Real Estate Stats for the Fraser Valley

February 2025 Stats are out and guess what? We are now in a Balanced Market in the Fraser Valley but it really is more of a Buyer's Market with the increase in the number of home, townhomes and condos for sale.Sales - 866 units which is up 11% compared to January and down 27% compared to this time last year. Prices - median sales price was $1,060,000 this was up 3% year over year and up 1% fr ...

What is the First Step in Buying a Home?

Hi everyone, Michael Cosburn here! Buying a home can be scary and DEFINITELY overwhelming but it doesn’t have to be when you’ve gathered the right resources and done your research.    Working in real estate for the past 12 years, I’ve seen an array of different types of buyers! Some know EXACTLY what they want and some have NO idea what they’re looking for…   So, first things first, you n ...
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Sellers Expectations in Today's Market

Hello Everybody, Michael Cosburn here with Homelife Benchmark Realty out of the Brookswood office in Langley.    Today, I want to talk about sellers and their expectations.   Real Estate is very emotional on both sides of the spectrum. Sso we have to learn how to manage our expectations…   So what is important now, in this balanced market is that sellers are going to have to do the pr ...
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Market Stats - February 2023: Signs of stability in Fraser Valley create opportunities for home buyers and sellers

SURREY, BC – House prices in the Fraser Valley posted a slight but positive bump in February after nearly a year of month-over-month decreases. Similarly, sales, though still trending lower than normal, also recorded their first monthly gain since October The Fraser Valley Real Estate Board (FVREB) processed 898 sales on its Multiple Listing Service® in February, an increase of 43.5 per cent ...
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Foreign Buyer Ban in Canada

Have you heard the news?!   The federal government has brought in a foreign buyer ban to stop non-Canadians from purchasing homes in Canada…   Being a realtor myself, I don’t see a lot of foreign buyers and don’t believe they make up a large portion of the people that are bringing in money. So, the question is, is this going to make a difference for buyers and/or sellers with prices co ...
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February Community Events in Langley

Here in Langley, there’s always something to do!   As we head into February, there’s an array of events in and around the community for all ages. From live music to seasonal markets!   Who doesn’t love enjoying a refreshing craft beer while listening to live music at your local Brewery? The Dead Frog Brewery hosts LIVE MUSIC SUNDAYS every Sunday for beer and music lovers. They even welcom ...
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An Update in Real Estate

Michael Cosburn here! Your Brookswood expert realtor with Homelife Benchmark Realty.   I wanted to give you all an update on some news that’s happening in Real Estate…   We are currently in what’s called a rescission period. Now you may be wondering, what does that mean, a rescission period?    Well, now buyers can make an offer on a home and have three business days to decide whether ...
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3522 196A Street, Langley, BC

Hi everyone, it’s Michael! Your Brookswood expert Realtor. Today I wanted to feature another beautiful property that was sold here in the heart of Brookswood…   It’s an older home about 44 years! This 2,294 sq. ft. home is on just under a 10,000 sq. ft. lot.    Previous owners have had tasteful updates to the kitchen and new floors installed as well. An open concept common area sits nex ...
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19709 41A Avenue, Langley, BC - MLS #R2750044

Hi everyone, Michael Cosburn here! A realtor at Homelife Benchmark Realty located at the Brookswood office.   I’d like to share some information about a new listing here in Brookswood.   19709 41A Avenue, Langley, BC, V3A 2Z5   This beautiful home is on a 10,000 sq. ft. lot and was built in the early 70s. It is quite common for homes in Brookwood to have larger lots. Let’s go ahead an ...
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Market Stats - January 2023: Fraser Valley real estate sales record slowest annual start in ten years; January new listings lowest in over thirty years

SURREY, BC – The downward trend in Fraser Valley real estate sales continued in January as further interest rate hikes kept buyers sidelined. With 626 transactions processed on the MLS®, sales were off by 12.6 per cent compared to last month and down by 52.2 per cent compared to this time last year. The last time January sales were this low was in 2013 at 617 sales. “Buyers are understandab ...
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http://walk.w-ith.me/MichaelCosburn-Realtor

Good day! Feel free to join me February 25 for the Coldest Night of the Year to raise money for local charities to help those in need especially those that are hungry and cold on our streets. If you want to join us for the walk we will be starting from the Brookswood office and walking approximately 2kms. Time TBD. You can also create your own team to help raise money for charity.  A little ...
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