Your Fraser Valley Real Estate Market Update
  
Property sales in the Fraser Valley decreased by over 35 per cent in April 2022 compared to the previous month, and while the figure is still the sixth-highest April on record for the past ten years, it marks the first time monthly sales have fallen below the ten-year average since June 2020.
Here is the summary of the market for April, 2022
Total Sales Processed - 1,637
Total New Listings - 3,622
Total Active Listings - 5,387
For the Fraser Valley region, the average number of days to sell an:
Single Family Detached - 16 Days
Townhomes - 13 Days
Apartment (Condos) -13 Days
Of the total transactions Fraser Valley Real Estate Board processed:
550 were Single Family Detached
388 were Townhouses
552 were Apartments (Condos)
HPI Benchmark Price Activity
Single Family Detached
Benchmark Price - $1,731,000.00
Price increased 33.8% compared to April 2021
Price increased 0.2% compared to March 2022
Townhomes
Benchmark Price - $902,500
Price increased 38.3% compared to April 2021
Price increased 1.8% compared to March 2022
Apartments/Condos
Benchmark Price - $649,500
Price increased 35.6% compared to April 2021
Price increased 1.0% compared to March 2022
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.
Invest In Real Estate; Invest In Your Future
Investing in real estate is the best way to make passive income and build your wealth.
It’s time to start thinking about your financial future. Don’t just think about the future of your career but also your finances. The best investment is the one you make in yourself, for your family, and those around you. It’s time to invest in your future–invest in real estate.
With that in mind, I’d like to take you through some tips on how real estate investing can be a good idea if you are looking at your long-term goals and want to build generational wealth
.WHAT IS REAL ESTATE INVESTING?
Real estate investing can be defined as the money or profits you make from your property. You probably know that investing in a property is a good idea, but do you know why?
Real estate investing is brilliant because it’s something you can touch and feel, making it more tangible than stocks and shares. Real estate is more convenient than stocks and shares, which are usually something that must be calculated by you or the help of a third-party financial advisor.
The other benefits of real estate investing are that many people prefer the security of physical assets over cryptocurrencies; the assets have value and can be helpful.
WHY SHOULD I INVEST IN RENTAL PROPERTY?
Most people would suggest investing directly in real estate because it’s a commodity that will appreciate with time due to different factors such as location, supply, and demand.
It’s no secret that property prices have increased exponentially throughout the past ten years. Because of inflation, investors will win by earning a more significant income from their rental properties.
SO, WHY INVEST IN REAL ESTATE?
Real estate investing is essentially about buying a bit of luxury that everyone wants and needs – see my point above. Most investors would say that you should invest money into something tangible rather than putting your money into stocks and shares, essentially virtual money. Tangible assets will win every time. You can make money with real estate instead of losing it in a risky investment.
It’s important not to invest in one property but rather diversify your portfolio with different pieces of real estate in multiple locations. This will provide you with a range of rental income and allow you to control the value.
IS INFLATION BENEFICIAL FOR REAL ESTATE INVESTORS?
Yes! Real estate will always be in demand, whether inflation or deflation occurs. Diversify your investment portfolio and reliable purchase assets.
When they do that, it doesn’t matter what happens with the economy – your investments should stand the test of time. Inflation will happen no matter what, but the significant part is that a real estate investment won’t lose any of its value.
Here’s how investing in real estate is investing in your future:
1. You can build generational wealth and experience financial freedom.
2. Real estate investing is good for the economy because it helps to boost economic growth.
3. It provides you with an asset that people need, even in times of inflation.
4. It is a secure investment that is backed by the value of the land.
5. You can invest in property that is income generating or even income sharing.
6. There’s less risk than investing in intangible assets.
7. You have more control over your investments.
8. You will be able to take care of your family in every way.
Do the Work......Work Smart and Hard
Every time I talk about “doing the work", I get a handful of excuse makers who say: "It's about working smarter not harder."
To that I say this: Have fun going nowhere in life … because I guarantee you’re using that as an excuse to be lazy. When I talk about "doing the work" … I'm operating under the assumption that people are intelligent enough to have a thought-out plan.
It's not a question of whether you should be working hard or working smart. You should be doing both. But at the end of the day … it always comes down to doing the work...
Plan or no plan.
But if you're one of these people who hides behind "working smart" to disguise your lack of effort...You will lose.
Work smart AND hard.
It’s the only way to win.
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