Recent Blog Posts by CENTURY 21 Ace Agencies Ltd.

Guess what . . . it's a New Year!

It is indeed a new year and there is a tinge of excitement in the air when it comes to the Real Estate Market. This goes beyond the normal anticipation felt by Realtors beginning a new calendar year after their year-end review of the frustrations encountered in 2010. Frustration with buyer attitudes. The "well, I know it suits our needs and its about as close to what we want as we are likely to get ...

How's Your Real Estate Market?

Always a good question. From what I see the Abbotsford real estate market is pretty much a balanced market. By balanced I mean Buyers and Sellers carry equal momentum coming into a negotiation. Equal momentum is available because the supply of options for the Buyer is equal to the supply of Buyers to the Seller. The number of sales has dropped slightly from a year or even 6 months ago. Combine ...

What's hot - what's not

Or . . . today's most desirable home features. (taken from Canada Realty News, May 2010 Newsletter). Taking into account all types of buyers, from first timers to move-up and move-down, the market trend for exterior finish is toward the use of stone and stucco. Bungalows are also more popular as buyers trend toward placing multi-level homes on the 'maybe' list. ...

Competition in Real Estate

To say the least, this has been a hot topic of late and rightly so. I'll begin by stating the simple truth that every person in this country has the right to sell or buy real property without using the services of a Realtor. That might seem a bit obvious but it is, none the less, an important fact. The real estate industry is, by nature and structure, highly competitive. What commission ...

Unexpected Vehicle Acceleration

The following is not about Real Estate but I came across this in a communication from BCAA . . . it's worth sharing. "Recent publicity surrounding Toyota's recall of vehicles with faulty accelerator pedals provides a good reminder that it's important to know what to do if your accelerator pedal ever gets stuck, or your vehicle accelerates for no apparent reason. If you ever find yourself in ...

Good Time to Buy?

I've been asked that question a lot lately. Pretty much normal given the market fluctuations of the past year and all the 'rebound' news that's been coming out. My comments will be from two perspectives. First, from the I need a roof over my head perspective. You need shelter . . . available options, rent or own. Generally speaking, Buying is the better of the two options for a number of reasons ...

Online Real Estate Searches

Stats show that over 75% of folks looking for real estate information now begin their search on the Internet . . . so, it figures that this would be the place to market a property for sale. How on earth would a person go about doing that? Century 21 has and is using a marketing system to do just that . . . and, it works! If you are thinking of selling your real estate, give us a call. We ...

2010 - What's On The Agenda?

HAPPY NEW YEAR! What will the Real Estate Market do in 2010? As usual, that's the million dollar question. Here's what I see from my perspective - in 2009 the real estate market finished very strong, mostly driven by low interest rates, bouyed by a rebuilding of consumer confidence. The stock market has cautiously rebounded as well and looks like it will continue to do so as long as the indicators ...

Fraser Valley Real Estate Market - Still active!

According to the end of the month stats from the Fraser Valley Real Estate Board, the real estate market in the Fraser Valley just keeps moving along. When comparing the number of sales recorded through October of 2009 to the number of sales in October or 2008 this year shows a dramatic 127% increase. There was even an increase of just under 10% over September 2009. At the same time the number of new ...

Real Estate Market continues strong

I had a quick  look at the monthly stats from the Fraser Valley Real Estate Board and see that the market, on an over-all basis, remains very strong. While the number of listings this month are up by about 10% over last month, sales are up by about 15% over last month and a whopping 100% plus over last year. These calculations are based on the "Month to date" numbers, (10 working days or ...

Hockey Season

It's almost here . . . training camps have begun . . . can you feel the excitement build? Abbotsford has a new game in town! We are the new home, (first on the west coast), for the American Hockey League's Calgary farm team now known as the Abbotsford Heat. The excitement is definitely building . . . can't wait for play to begin in Abbotsford's new sports and entertainment center. And, ...

Has the West Coast real estate market changed . . . again?

Record sales for the month of July have been reported by both the Real Estate Board of Greater Vancouver and the Fraser Valley Real Estate Board. In Vancouver's case, it was an all time record beating even July 2006 which was phenomenal in itself. So, here we are again . . . wondering if the volatile real estate market is doing another about turn, this time back to the Seller's market of ...

Market stats, July 2009

A quick look at the market stats to this point in July shows a continued jump in the number of reported sales in the Fraser Valley Real Estate Board area, (Delta, Surrey, White Rock, Langley, Abbotsford and Mission). July 2009 to-date has recorded 1,813 sales, a whopping 70% increase over July 2008 and a 13 % increase compared to last month's healthy 1604 sales for the same number of recording ...

Real Estate Market - in the News!

Real Estate Board of Greater Vancouver has released information to the effect that the volume of sales for the month of June was the third highest ever . . . right up there with the booming 2006 and 2007 markets! What's more - competing Buyers with bidding wars! The report was qualified somewhat in that certain parts of the market are extremely active . . . meaning other parts are somewhat quiet or ...

Fraser Valley Market is heating up!

Sales are up and the number of incoming, new listings is down. Fraser Valley Real Estate Board info for the month of June to date shows the number of sales ahead of last year by 17% and ahead of last month by 24%. This, while listing numbers are down by 26% over June last year and by 13% over last month for the same time period. What does this mean? Well, it's a bit early to tell but it would seem ...

Abbotsford - AHL comes to the West Coast!

Hockey history is made . . . the first ever AHL franchise on the West Coast has been granted to the City of Abbotsford. Exciting or what! Abbotsford will be the new home of the Calgary Flames number one farm team, bringing top notch, professional hockey to the Fraser Valley. Great news for west coast hockey fans and a wonderful addition to the prosperous, Abbotsford economy. 

Home renovation tax credit . . . WOW!

Great news! The home renovation tax credit announced via the new budget is going to make it happen. We're finally going to complete out renovation! I do hope we can find contractors that will be able to schedule us into their work line-up. If I am correct, (and someone please correct me if I'm wrong), tax credits are exactly that . . . they are considered as tax paid. Because of that, do your ...

Congratulations - 2008 Century 21 Canada Award winners

Congratulations to the following Sales Associates in the office that have earned Annual Awards via the CENTURY 21 Canada Masters Award system: Audrey Perron - CENTURY 21 Canada Masters Diamond; Fraser Valley Real Estate Board Medallion Award; Century 21 Ace Agencies Ltd. annual Top Seller Len Visser - CENTURY 21 Canada Masters Ruby Harold Van Gaalen - CENTURY 21 Canada Masters Ruby Balbir Sidhu ...

It's busier . . .

When I signed on to the real estate multiple listing website hosted by the Fraser Valley Real Estate Board yesterday, I received the usual statistical summary. Nothing new there but I was quite surprised to see the report for the first 5 business days of February when compared to the first 5 business days of January. The numbers . . . January 09, first 5 reporting days, showed 50 sales reported for ...

Canada's jobless rate . . . comment

I came across an interesting article in the Globe and Mail. It was titled Cheer up: Canada's in good shape. The item brought back memories of the 80's and early 90's and even though it didn't get into specifics when it came to the official posted Jobless Rate in Canada, I recall hearing numbers back then like 10.5% and even up to 13% and those were "Seasonally Adjusted", presuming they would be lower ...

Crystal Ball says . . .

2009 Market Prediction - or . . . I might as well, everyone else is, or . . . "Boll-weevil's gotta have a home." Actually, it's never a bad time to buy if you need a place to live and you are in a financial postition to do so. After all, why pay down someone elses mortgage via your rent when you could be building equity yourself? Is it a good time to buy an investment or rental property? ...

More Congradulations

Congradulations to our receptionist, Shannon. The Abbotsford Chamber of Commerce recently held it's Annual Business Excellance Award function. Shannon had been nominated, along with 12 others from various businesses, for Customer Service Excellence - Individual . . . and . . . she won! Of course, we did expect her to win, but still take this opportunity to brag a little. Day after day Shannon ...

What's with the Media?

Is it just me or do others notice the constant negative reporting when there is very little negative to report? for example: this morning on Global, a major anouncement that a Merel Lynch honsho is saying the Canadian Mortgage market is near collapse . . . just like the American mortgage market. They gave the guy about 20 seconds and cut him off before he could explain the differences between the two ...

Congradulations!

Several of our sales associates were honored for exceptional sales production for the second quarter of this year and for the first six months of this year. They are, (alphabetically): 2nd quarter - Outstanding achievement - Hari Atwal, Audrey Perron First six months - Achievement Award of Excellance - Audrey Perron, Faye Rowe, Balbir Sidhu, Harold Van Gaalen, Len Visser, and the Office as a group! Well ...