Surrey Real Estate Blog | Jashan Grewal

After a sluggish first half of the year, property sales in the Fraser Valley started picking up speed in the summer 2019 and finished strong in December 2019, but not enough to surpass 2018 year’s sales totals but were close enough. January 2020 sales are going strong as compared to January 2019, inventory is at its lowest in years. Townhouses and condos are seeing increase in sales activity as buyers are showing more confidence in the market with low interest rates. Lot of townhouses and condos that have been in market for a while have started getting offer even multiple offers on them, due to low inventory. Most of these condo sellers are moving into townhouses and townhouse sellers jumping into detached homes. It’s a trickle effect when it comes to people selling who are already in the market. For first time home buyers its hard to qualify with B20 Stress test, but lot of them who could qualify were waiting as market was slowing down and prices were going down in 2019. No...

I was writing a blog about economy and interest rate hikes in 2019 , right at that moment this struck to my mind. We Canada as a Country rely too much on US for everything, which in my opinion is a big liability. From Trade to Banking, we just follow the footsteps of US, as our economy is directly connected to our neighbor. With trade war going on with our neighbor ,both sides are losing which is costing taxpayers millions of dollars. 75 percent of our trade is with US compared to 25 percent to the rest of the world. Industries that are getting hurt are mainly dairy, lumber, steel and aluminum. Here below are some noticeable trade with US compared to rest of the world. Oil worth 69 Billion Dollars to US Compared to 1 Billion to rest of the world. Natural Gas 10 Billion US to $0 (yes zero) rest of the world. Aluminum 7.8 Billion US to 2.6 Billion rest of the world. Lumber 10.4 Billion US to 2.6 Billion rest of the world. Motor Vehicles 56.5 Billion US to 2.55 Billion rest of th...