May 26, 2021 at 2:45pm | Kelvin Behrens
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The Hardest Working Agent in the Fraser Valley

What a wonderful week we've had. I hope this Victoria Day long weekend was a wonderful for you as it was for me. I was able to spend some time with great clients and, of course, my beautiful family.
Just a heads up though if you've been watching what the new mortgage stress test rules are going to be. The interest rate for both high-ratio mortgages (less than 20% down payment) or non-insured mortgages (20% or more down payment) will find the interest rate raised to 5.25%.

Click here for more information on what the impact of this change will be.

Slightly Cooler

Well, as you can see from the chart, we have had a considerable decrease in listings this May compared to April and also a decrease in overall sales. We're still in a seller's market and prices are still staying relatively strong, but demand has dropped as well as many people have found themselves getting priced out of the market. Interest rates are still very low so that's helping with the payments, however, with bank of canada increasing the stress test rate next week, this will have an affect on purchasing power. 

If you missed reading April's stat package, click below for the complete report regarding the Fraser Valley Real Estate Boards statistics for April. Next week, I'll have the stats for May.
 

>> Entire March Numbers & Reports <<


Looking for the hardest working agent in the Fraser Valley?
Call/Text Kelvin Behrens (604) 751-6836
 Or, email me here kelvin.behrens@gmail.com


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Kelvin Behrens, Realtor
RE/MAX Little Oak Realty
(604) 751-6836 

Homeowners need to sell their home for many reasons. It's not always about how much they will make. Upsizing, downsizing, relocating, or simply off-loading current assets. If you are wanting to sell or thinking you will be selling soon, please click on the button below to get started with a FREE, no obligation Home Evaluation.
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Thank you for your time today.
I look forward to working with you now or in the future...
Kelvin

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Kelvin Behrens Real Estate brokered by RE/MAX Little Oak Realty
2630 Bourquin Crescent W #9, Abbotsford, BC V2S 5N7
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