Amanda Milford Personal Real Estate Corporation - News

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...

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...

Summerfield, Pacific Douglas Mid June 2023 Market Analysis by Amanda

Posted on Jun 15, 2023 in Summerfield, Pacific Douglas

I wanted to provide you with an update on the current state of the real estate market in the Fraser Valley, specifically focusing on the mid-market segment in Summerfield. As a local expert with nine years of experience and a sales record exceeding $200 million, I offer valuable insights and exceptional customer service.

In June, the Fraser Valley s...

June Monthly Market Update

Posted on Jun 12, 2023 in Monthly Market Updates

The economy and inflation are still too strong for the Bank of Canada's liking, according to Benjamin Tal from CIBC. As a result, the Bank of Canada has increased its target for the overnight rate to 4.75%, with the Bank Rate at 5% and the deposit rate at 4.75%, and this will undoubtedly have a ripple effect on the housing market.

The primary driver...

Are you thinking of Downsizing and don't know where to start?

Posted on Jun 01, 2023 in Downsizing

Downsizing a house sooner rather than later can have several benefits, and I have seen that it is better to do it while you can rather than when you have no choice.

1. Cost savings: Downsizing to a smaller house typically means lower mortgage payments, reduced property taxes, and decreased utility costs. Smaller homes generally require less maintena...

May Monthly Market Update

Posted on May 08, 2023 in Monthly Market Updates

I filmed this on a street I used to drive down every day to my kid's elementary school. It's always been one of my favourite streets in the springtime. We have lower inventory levels than usual but Buyers are active finding opportunities in the our area. Prices have remained strong, leading sellers to increase inventories in the coming months as th...

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