Your Fraser Valley Real Estate Market Update
  
The Fraser Valley real estate market saw a resurgence in activity in June as the industry and consumers continue to successfully adapt to doing business during a pandemic.
Here is the summary of the market for June
Total Sales Processed - 1,718 (Increase of 113.4% over May)
Total New Listings - 3,456
Total Active Listings - 7,063
For the Fraser Valley region, the average number of days to sell an:
Apartment (Condos) -37 Days
Townhomes - 30 Days
Single Family Detached - 31 Days
Of the total transactions Fraser Valley Real Estate Board processed:
451 were Townhouses
407 were Apartments (Condos)
657 were Single Family Detached
HPI Benchmark Price Activity
Apartments/Condos
Benchmark Price - $435,300
Price increased 0.4% compared to May
Price increased 3.3% compared to June 2019
Townhomes
Benchmark Price - $559,600
Price increased 0.8% compared to May
Price increased 1.9% compared to June 2019
Single Family Detached
Benchmark Price - $994,500
Price increased 0.4% compared to May
Price increased 3.6% compared to June 2019
For the most updated market information on what is happening in your neighborhood, give me a call at 604 308 6404 or e mail at RealtorNischal@gmail.com.
The support of a real estate expert goes a long way when navigating a busy market in the Fraser Valley..
Reminder: As you know that I am in real estate investment and sales and my passion is to bring buyers/sellers together. Who have you talked to in past couple days that might be thinking about buying/selling in British Columbia or anywhere in Canada (I am blessed to be a part of a huge network that I meet/talk-to on regular basis which is the backbone of my business that my clients benefit.
Also, we offer a $500.00 referral fee to anyone that leads to successful completion of a sale.
10 Super Ideas to Live a Happy & Balanced Life
What does it mean to live a happy, satisfying and balanced life?
Take a look and implement some of the following ideas to a more balanced life.
1. Sit in Silence for At Least 10 Minutes Each Day. I call it Thinking Time
Your mind has been working hard for you the whole day at work, or at home. Give it a break during the day.
2. Don’t Take Yourself Too Seriously.
Don’t be too hard on yourself. Have a sense of humor. Humans make mistakes. No one is perfect, so give yourself permission to make mistakes.
3. Dream More While You Are Awake. But Write down Goals with deadlines.
Dreaming gives you inspirations and it’s a component of a balanced life. All the things we enjoy now, such as electricity and airplane flights, are a result of someone else’s dreams.
4. No One Is in Charge of Your Happiness Except You
You are 100% responsible for your life. If you are unhappy, it’s up to you to do something about it. You see, we are the CEO’s of our Life.
5. Life Is Too Short to Waste Time Hating Anyone. Forgive or apologize and move on…
You can spend the rest of your life hating someone, but that doesn’t mean that person will change.
6. Don’t Waste Your Precious Energy on Gossip. Or watching Bad TV
Your energy is better spent on yourself. Why waste your energy listening to things about other people that may not be true?
7. Formulate Systems to multiply yourself.
Delegate the not so popular jobs to others. Systems make life systematic and fun. A lot more gets accomplished daily. Living daily to the fullest is the peak performance of a balanced life.
8. No Matter How You Feel, Get Up, Dress Up, and Show Up.
Woody Allen said, “Showing up is 80 percent of life.” When you make a commitment to yourself or a New Year resolution, show up and do what you promise to do.
9. Dream More While You Are Awake. But Write down Goals with deadlines.
Dreaming gives you inspirations and it’s a component of a balanced life.
10. Spend Precious Time with Your Family Often.
Family is important. Immediate family activities are essential for a balanced life. You can always count on your family during good and bad times.
11. What Other People Think of You Is None of Your Business.
You can’t control what other people think about you. Your business is what you think of yourself. You can work on how you think about yourself. If people think negatively about you, but you have a strong self-worth, you won’t get affected.
12. You Don’t Have to Win Every Argument.
Most bad relationships are a result of arguments. Why do you have to win every argument? Winning an argument doesn’t make you or the other party happier. There is usually no right or wrong, just a difference in perception.
Should You Pay Your Mortgage Off?
Mortgages are the most common personal debt in Canada. Why? Because if you cover your mortgage based on the type of loan, generally, you will finance 80% of the home price. However, the sum of the mortgage is not only the price of the house, but the interest to be paid on the mortgage itself.
There’s a question many people ignore: “Do I have to pay off my home mortgage before I retire?” The response is more complicated than you might think.
Advantages of Paying Off Your Mortgage
1. Peace of Mind
It’ll feel good to know that you no longer owe the creditor payments.
2. Less Money Down the Drain
Enjoy savings in your pocket instead of spending money year after year on home interest payments.
3. Financial Freedom
After paying off your mortgage—unless you have other debt—you have the financial freedom to pursue other activities, like starting another business.
4. Security
Eliminating mortgage balances significantly reduces the risk of losing your home in the event you lose your job or experience unforeseen health problems.
5. Boost Savings
By not having a mortgage payment, you’re able to save even more. You can deposit additional money in a savings account, invest in diversified asset classes, and so on.
6. Mitigate the Unstable Real Estate Market
One of the biggest concerns for most homeowners, especially when recalling the Great Recession, is the effect an unstable real estate market can have on homeowners. The ability to keep up with mortgage payments during a severe financial crisis can be a massive burden.
Disadvantages of Paying Off Your Mortgage
1. Lesser Liquidity
Keeping the mortgage and the money you could use to retire, you create an ideal personal account balance. Yes, it'll be one with different obligations (your mortgage), though equally one with multiple assets (cash). Eliminating the cash loan also limits your tendency to cope with unexpected expenses or investment opportunities.
2. Inflation Hedge
It will be paying off your current mortgage in future dollars, which will actually cost you less in real dollars for years to come.
3. Less Mortgage Interest
Those nearing retirement are more likely to pay less mortgage interest, perhaps so little that mortgage interest and other price discounts, plus other deductions, are no more than standard deductions.
4. Borrowing Costs
When you chose to borrow against your home that has been repaid in the future, like paying off a new mortgage, it can be much more expensive. Interest rates, which have touched lows for more than four years, may start to rise in the coming years.
5. Opportunity Cost
Even when you see your home as an investment—even if it is not liquid—the increase in the value of long-term residential properties follows other native portfolio investments.
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