July 2023

Summerfield, Pacific Douglas Market Analysis for July by Amanda 

Posted on Jul 24, 2023 in Summerfield, Pacific Douglas

Summerfield Market Analysis
The real estate market in the Fraser Valley has been witnessing some interesting shifts in recent months, particularly in Summerfield and surrounding areas. In this market analysis, we will delve into the sales data and trends for July, comparing them with figures from the previous year and examining the impa...

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July Monthly Market Update

Posted on Jul 24, 2023

The number of homes on the market is lower than in previous years, indicating reduced inventory. However, the average sale price has seen a notable increase of 5.9% compared to last year, suggesting that despite limited options, demand for housing remains strong.

Sales have increased by 28.6% compared to the previous year, indicating a robust market...

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What is a "Trigger Rate"?

Posted on Jul 10, 2023 in Amanda's Thoughts

The Relationship Between Interest Rates and Mortgage Payments:

The monthly payment remains fixed for variable-rate mortgage holders even as interest rates rise. However, as the payment's interest portion increases, less money is allocated toward paying off the principal amount. Eventually, a point is reached where the entire payment goes towards cov...

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