Saturday, Nov 02, 2019
Volume 28 Number 43
Phone: 604-502-6100
Fax: 604-501-6111 Email: voicerealtyads@gmail.com
Pending home sales rise 1.5% in September, thanks to lower mortgage rates Pending home sales, which measure signed contracts to buy existing homes, rose 1.5% in September compared with August, according to the National Association of Realtors. Sales were 3.9% higher than September 2018. The gains, however, were stronger in some regions than in others. Pending home sales, which are measured by signed contracts to buy existing homes, rose 1.5% in September compared with August, according to the National Association of Realtors. That was the second straight month of gains. Sales were 3.9% higher than September
2018. The gains, however, were stronger in some regions than in others. Sales in the Northeast fell 0.4% for the month and were just 1.3% higher annually. In the Midwest, sales increased a much stronger 3.1% monthly and 2.7% annually. In the South, pending sales
increased 2.6% monthly and were 5.7% higher annually. In the West sales declined 1.3% monthly but were 3.4% higher compared with September 2018. Lower mortgage rates throughout the summer helped boost pending sales, although rates did start to
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rise again slightly in September. The average rate on the 30-year fixed fell below 4% in June and has hovered between 3.5 and 4% since then. “Even though home prices are rising faster than incomes, national buying power has increased by 6% because of better interest rates,” said Lawrence Yun, chief economist for the Realtors. “Furthermore, we’ve seen increased foot traffic as more buyers are evidently eagerly searching to become homeowners.” Price gains accelerated nationally in August, according to the S&P CoreLogic CaseShiller National Index. Some of the nation’s largest cities, however, where prices are overheated, saw those gains slip.
“I think moving forward, the housing market is showing signs of strength,” said Daryl Fairweather, chief economist at Redfin. “We probably won’t see like double digit price growth, but we’ll see a more sustainable amount of price growth, and the big problem is still lack of supply, that’s why pricing will still rise because there just aren’t enough homes out there for people who want
them.” Closed sales of existing homes in September, which were the result of contracts signed in July and August, when interest rates were lower, fell unexpectedly after two months of gains. Realtors blamed that squarely on overheated prices and the very low supply of homes for sale. CNBC REPORT
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JOIN OUR PUBLIC OPENING EVENT! Saturday, Nov 2 from 12pm – 6pm TACOFINO & MOM’S GRILLED CHEESE FOOD TRUCKS
Presentation Centre 13260 Old Yale Road, Surrey
Sales and Marketing by Townline Marketing Inc. & Rennie and Associates. Prices are subject to change without notice. All homes under $599,900 until November 30, 2019. Includes tower condominium homes only. The developer reserves the right to make changes and modifications to the information contained herein without prior notice. Artist’s renderings are representations only and may not be accurate. This is not an offering for sale. Any such offering can only be made with a Disclosure Statement. E.&O.E.
604.951.8111 TOWNLINE.CA
Saturday, Nov. 02, 2019
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LOOKING FOR
MORTGAGE I WORK FOR YOU, NOT FOR LENDERS
With over 14 years of banking and lending experience, I make your financial journey to home ownership a hassle free experience.
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NEETU DHILLON Email : neetu_dhillon46@hotmail.com Email : dhillon_n@mortgagecentre.com
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MORTGAGE SPECIALIST
PH: 604.780.0458
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Saturday, Nov. 02, 2019
RESIDENTIAL, COMMERCIAL & PRIVATE MORTGAGES
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ALPHA MORTGAGE HOUSE CORPORATION
#202-12830, 80th Ave. (York Business Centre) Surrey Tel: 604-501-9837 Fax: 604-501-9847 amhc@shawbiz.ca
muPq sl`h mSvry leI huxy Pon kro *Lender/Broker Fee may apply but not without prior written consent of the client
GURHIMAT S. GILL
604.825.4880
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SUKHKARAN S. BHATTY
604.765.4023
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Century 21 Award Winner 2011, 2012, 2014
13977 18 Avenue, Surrey
$3,999,888
Stunning new home in Sunnyside with a sun drenched North backyard. Beautifully crafted w/ultra high end construction & finishing. Exclusive open concept designed & built by a professional Builder. Water on demand systems. Build in A/C and more. Huge kitchen w/elegant cabinets. Feature Island, wok kitchen. Designer Lighting. High celling in living room welted ceiling in the Family room area. Four security cameras with monitor. Tile & Engg wood floor. Media room w/wet bar and Billiard room. In ground sprinkler System, Professionally landscaped. Legal two bedroom suite. Two front gates entry U shape driveway. This is perfect family home close to Bay ridge/Ray Shepherd Elementary and Elgin high school catchment. Close to Be * PREC - Personal Real Estate Corporation
6989 204 St, Langley
$3,299,000
1.2 Acre Townhouses, live/work 'C' 16-20 units/acre Development Property with Views in APROVED Willoughby Central Gordon Estates Plan. No Creeks or Easements. 1,400 Sq ft 3bdr/2bath Rancher not livable. Great Investment Potential. Close to all shopping and amenities. An exclusive opportunity to invest in one of Canada's fastest developing communities. Property sold as is where is. Land value only. By appointment only.
R2186789
D L O S
13997 18 AV, SURREY
20561 68A Ave., Langley
Half Acre Lot Ready to Build. Fabulous 19,000 sq. ft. building lot available in Sunny Side Park. The perfect location to build your dream home. Close to Ray Shepherd, Laronde, and Elgin Park Secondary schools and walking distance to local parks. G.S.T. not included in the listing price. * PREC
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$1579000.00
SITE FOR SALE Three townhouse site available in Langley For more details call vipan sharma
6922 202B Street, Langley This offering represents an opportunity to secure 1.6 acres of prime townhouse development land in the Central Gordon neighbourhood in the Township of Langley. The property is designated for 12-40 units per acre. Great Investment Potential. Close to all shopping and amenities. An exclusive opportunity to invest in one of Canada's fastest
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Spectacular custom built home with professional b u i l d e r N o r t h Ea st Gordon area. Walking distance to the urban shopping area. This impressive 3-storey homewith finished basement. Featuring 4
$929,000
R2213711
8 Bed, 7 Bath, 6,355 Sq Ft, 20,020 Sq Ft Lot, Built: 2017
OL S T N
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REC
$3,678,400
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• Low Income • Bad Credit • Self Employed • New Immigrants
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Special Rates Available for Builders, Developers and All kinds of Construction & Developments Projects.
ASalesNIL SHARMA Manager, Commercial Mortgage Specialist 778-840-8780 Email: sharmagittu@yahoo.com
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RESORT-STYLE TOWNHOME LIVING
With move-ins this year, Bristol Heights is the final collection of townhomes and duplexes in Abbotsford’s masterplanned community of Westerleigh. These homes are built for today’s families, and feature striking Contemporary Farmhouse architecture, gourmet kitchens, spa-inspired bathrooms, and the resort-style amenities of Club West – a clubhouse just for residents.
THREE BEDROOMS PRICED FROM $499,900 Open noon to 5 pm daily (except Fridays) 30930 Westridge Place, Abbotsford | 604.607.7801 The developer reserves the right to make modifications or substitutions should they be necessary. Any measurements provided are approximate only. The quality residences at Bristol Heights are built by Polygon Bristol Heights Homes Ltd.
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LOW RATE MORTGAGES BANK MORTGAGES
Purchase with as little as 5% down Get additional down payment assistance Purchase, Refinance, Equity-take-out
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RESIDENTIAL, COMMERCIAL & PRIVATE MORTGAGES
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• Low Income • Self Employed • Bad Credit • New Immigrant • Land Development • Second Mortgages A
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ALPHA MORTGAGE HOUSE CORPORATION
#202-12830, 80th Ave. (York Business Centre) Surrey Tel: 604-501-9837 Fax: 604-501-9847 amhc@shawbiz.ca
muPq sl`h mSvry leI huxy Pon kro *Lender/Broker Fee may apply but not without prior written consent of the client
GURHIMAT S. GILL
604.825.4880
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SUKHKARAN S. BHATTY
604.765.4023
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Saturday, Nov. 02, 2019
We Build Your Dream Home
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