By Jake Frisson, Realtor® – Helping Families Find and Style Homes in Maple Ridge, Langley, and the Fraser Valley

Hey everyone, as we kick off 2026 here in Maple Ridge and Langley, I'm seeing a real shift in what buyers are excited about when touring homes. Design trends this year are all about creating warm, inviting spaces that feel grounded and connected to nature. It's a perfect match for our beautiful BC surroundings with all the trees, mountains, and outdoor lifestyle we love.

thespruce.com

Whether you're thinking of buying, selling, or just refreshing your current place, these trends can make a big difference in how a home feels and how quickly it sells. Let's break down what's hot for interiors and exteriors this year.

Interior Trends Shaping Homes in 2026

This year, interiors are moving toward cozy, expressive spaces. Goodbye to stark minimalism — hello to warmth, texture, and personality.

Warm, earthy color palettes are everywhere. Think rich umbers, ochre, pistachio greens, desaturated blues, and even pops of red or chartreuse. These colors create a calming, grounded feel that's ideal for our rainy West Coast days.

apartmenttherapy.com

5 Decor Styles That Will Define 2026, According to Experts ...

Soft curves and organic shapes are taking over from sharp edges. Curved sofas, rounded arches, and plush furniture make rooms feel more inviting and comfortable.

housedesigner.com

housedesigner.com

Natural materials like wood, stone, and textured fabrics are key. Kitchens with warm wood cabinets or stone accents feel timeless and bring the outdoors in, something buyers in our area really respond to.

405cs.com

mountainliving.com

Personalized maximalism is making a comeback. Layered textures, bold accents, and collected pieces over time create homes that tell a story rather than looking like a showroom.

homesandgardens.com

6 expert decor ideas for a maximalist living room | Homes and Gardens

Exterior Trends Boosting Curb Appeal This Year

On the outside, 2026 is about timeless warmth and blending with nature while adding modern character.

Earthy, sophisticated colors are replacing bright whites. Sage greens, warm taupes, blue-grays, and even dramatic blacks or creams give homes a cozy, enduring look.

brickandbatten.com

Most Popular Exterior Paint Colors Of 2025 - brick&batten

Mixed materials add depth and interest. Combining wood siding, brick, stone, or metal creates texture that stands out beautifully against our green backdrops.

ufpedge.com

brickandbatten.com

Seamless indoor-outdoor flow is huge. Large sliding doors, covered patios, and connected living spaces make the most of our mild weather and views.

houzz.com

tollbrothers.com

Sustainable features like energy-efficient windows, natural landscaping, and eco-friendly materials not only look great but appeal to buyers thinking long-term.

Why These Trends Matter in Our Local Market

In Maple Ridge and Langley, homes that embrace nature-inspired warmth and thoughtful details tend to attract more interest and hold value better. If you're selling, small updates like fresh paint in earthy tones or adding textured accents can make your listing pop. For buyers, look for properties with good bones that align with these trends — they're likely to feel like home right away.

Thinking About Updating or Finding a Home That Fits These Trends?

I'd love to help. Whether you're browsing listings in Maple Ridge or Langley, planning a refresh to sell, or just want ideas for your space, reach out. I can share current homes that nail these 2026 vibes or connect you with great local pros for renovations.

Jake Frisson, Realtor® Phone: 778-238-3463 Email: jake@jakefrisson.com Website: jakefrisson.com

What trend are you most excited to try this year? Or do you have a home project in mind? Drop a comment or message me. I always enjoy hearing from local folks!

By Jake Frisson, Realtor® – Helping Buyers and Sellers in Maple Ridge, Langley, and the Fraser Valley

Hey folks, happy 2026! As someone who lives and works right here in Maple Ridge, I always love starting the year with a clear picture of where our local market stands. The latest numbers from the Fraser Valley Real Estate Board (covering Langley and much of the surrounding area) paint an interesting story: 2025 turned out to be one of the slowest years for sales in over two decades, even with plenty of inventory and softer prices.

thevalleylife.ca

blog.remax.ca

What Happened in 2025

Across the Fraser Valley region, we saw just over 12,200 sales for the full year, down about 16 percent from 2024. December wrapped up quietly with around 920 sales. Inventory stayed high all year, hitting decade-high levels at times, which gave buyers lots of choices and more room to negotiate.

Benchmark prices softened too. By the end of 2025, the typical detached home sat around $1.39 million, townhomes around $781,000, and apartments around $492,000. Overall, the composite benchmark was about $906,000, down roughly 6 percent year-over-year. Langley accounted for a big chunk of activity, and trends there mirrored the broader region.

Over in Maple Ridge (which falls under the Greater Vancouver stats), we saw similar patterns: steady inventory, slightly softer prices in many neighbourhoods, and buyers taking their time. Some areas held steady better than others, but overall it felt like a balanced, buyer-friendly market heading into the new year.

resiclubanalytics.com

Widespread softening: Almost every major housing market is seeing ...

Why It Felt Slow (And Why That’s Good News for Buyers)

A lot of people sat on the sidelines in 2025. Affordability challenges, economic uncertainty, and waiting to see where rates would go all played a role. Even with more homes available and prices easing a bit, many buyers stayed cautious.

But here’s the silver lining: if you’re a first-time buyer or looking to move up, this kind of market creates real opportunities. More listings mean less competition, motivated sellers in some cases, and stronger negotiating power. I’ve helped several clients in Maple Ridge and Langley snag great properties with room to build equity right away.

info.bcassessment.ca

realtor.ca

realtor.ca

What I’m Watching for in 2026

With interest rates holding relatively steady and the usual spring energy starting to build, most forecasts point to stabilization and possibly some modest growth this year. Inventory might ease a little as more buyers jump in, but I don’t expect wild swings. Communities like Maple Ridge and Langley continue to shine with great family amenities, parks, schools, and easier commutes compared to downtown prices.

If you’ve been waiting for the right moment, 2026 could feel like a sweet spot, especially for entry-level townhomes and detached houses in our area.

mikestewart.ca

zillow.com

Ready to Make a Move This Year?

Whether you’re thinking of buying your first home, upgrading, or just curious about what your place is worth today, let’s talk. I’ll pull the latest numbers specific to your neighbourhood in Maple Ridge or Langley and walk you through what makes sense for you.

Jake Frisson, Realtor® Phone: [778-238-3463] Email: [jake@jakefrisson.com] Website: [jakefrisson.com]

What are your plans for 2026? Buying, selling, or holding tight? Send me a message. I’m always here to chat about our local market.

By Jake Frisson, Realtor® – Helping Families Find Homes in Maple Ridge, Langley, and the Fraser Valley

Hey there, if you're a first-time buyer in Maple Ridge or Langley, you've probably asked yourself whether it's smarter to keep renting and put your money into stocks or finally take the plunge into homeownership. As someone who's lived and worked in this area for years, I get that question a lot. And right now, in early 2026, I truly believe buying is the stronger move for most people planning to stay put for a while.

realtor.ca

realtor.ca

What's Happening in Our Local Market Right Now

The Fraser Valley market, including Maple Ridge and Langley, has cooled off a bit heading into 2026. Benchmark prices are sitting around $927,000 in Maple Ridge and about $906,000 in Langley for all property types combined. We've seen some softening from last year's peaks, with more inventory on the market and homes taking a little longer to sell. That means less competition and more room for buyers to negotiate. It's shifted into a buyer-friendly market in many neighborhoods, which, unless you have been living under a rock hasn't happened in many many years! 

Historically, properties here in the Lower Mainland have appreciated around five to seven percent annually over the long term. Even with these short-term dips, getting in now sets you up well for the rebound most experts are expecting as interest rates stay steady and demand picks up again.

Leverage: The Real Game-Changer in Real Estate

What really sets real estate apart is leverage. You don't have to pay cash for the whole house; the bank lets you borrow most of it.

Take a typical example I see with my clients: You've saved $100,000 for a down payment and buy a $700,000 home, which is very doable in Maple Ridge or Langley right now.

If the value goes up just five percent in the first year (pretty conservative based on our history), that's roughly a $35,000 gain. On your $100,000 investment, you're looking at over 30 percent return, and it's tax-free since this is your principal residence.

Try finding that kind of consistent return in the stock market. The S&P 500 averages nine to ten percent long-term, which is great, but on $100,000 invested directly, a good year might net you $15,000. Real estate's leverage just multiplies your gains.

zillow.com

10031 247b St, Maple Ridge, BC V2W 0H1 | MLS #R3083933 | Zillow

Building Equity Instead of Paying Someone Else's Mortgage

With a mortgage, part of every payment goes toward paying down the principal. It's like forced savings that grows your net worth month after month. Over ten years, even with modest appreciation, you could build hundreds of thousands in equity from that initial down payment.

Renting? Your monthly payment builds nothing for you. In many cases around here, rent for a similar place is close to what a mortgage would cost. The big difference is one path has the opportunity to create massive wealth and the other doesn't. Theres the old says that most millionaires become millionaires because of Real Estate

The Down Payment Challenge (And How People Overcome It)

I know, saving that down payment feels like the toughest part. That's why so many of my first-time buyers get a boost from family. Parents or grandparents often help out; it's one of the most common ways people get started in our market. There are also programs like the First-Time Home Buyer Incentive or pulling from your RRSP that can make it easier.

The Honest Truth: Owning Isn't Perfect for Everyone

Of course, buying comes with responsibilities. You'll have property taxes, insurance, maintenance (I always tell clients to budget one to two percent of the home's value each year), and the occasional surprise repair. If you might move soon or just don't want the hassle of upkeep, renting gives you more flexibility. And if prices drop short-term, leverage can amplify losses too. For some lifestyles, renting and investing the difference aggressively in stocks makes total sense.

Why I'm Excited for Buyers Right Now in Maple Ridge and Langley

These communities offer so much: great schools, parks, trails, and easy commuting without the insane Vancouver prices. With the current market giving buyers more power, this year feels like a sweet spot for getting in.

Stocks are fantastic for growth, but real estate lets you live in your investment, benefit from leverage, enjoy tax advantages, and build equity over time.

Let's Talk About Your Situation

If you're thinking about making a move in Maple Ridge, Langley, or anywhere in the Fraser Valley, reach out. I'll go over the latest listings, run numbers specific to your budget, and guide you through everything from pre-approval to keys in hand.

Jake Frisson, Realtor® Phone: [778-238-3463] Email: [jake@jakefrisson.com] Website: [jakefrisson.com]

The best time to buy is when it fits your life and the numbers work. I'd love to help you get into your first home this year.

What's holding you back from buying right now, or what excites you most about it? Send me a message. I always enjoy chatting with local buyers.

Why First-Time Homebuyers Should Consider Langley, BC in 2025

Are you a first-time homebuyer looking for a vibrant, growing community to call home? Langley, British Columbia, is quickly becoming one of the most attractive destinations for young professionals, couples, and families looking to enter the real estate market. With the upcoming Surrey-Langley SkyTrain extension, expected to be operational by late 2029, Langley is poised for significant growth, making it an ideal spot for first-time buyers. This guide explores why Langley’s rapid development, affordable housing options, and exciting lifestyle make it a top choice for your first home purchase.

Why Langley is a Hot Spot for First-Time Homebuyers

Langley’s appeal is skyrocketing, thanks to its blend of affordability, connectivity, and a thriving community. Here’s why first-time buyers are flocking to Langley:

• Affordable Housing Options: Compared to Vancouver and other Metro Vancouver cities, Langley offers more budget-friendly homes, including condos, townhomes, and entry-level single-family houses. This affordability is crucial for first-time buyers looking to maximize their investment.

• Surrey-Langley SkyTrain Extension: The 16-kilometre Expo Line extension from King George Station to Langley City Centre, set to open in late 2029, will transform commuting. Travel from Langley to downtown Vancouver will take just over an hour, making Langley a viable option for urban professionals seeking suburban value.

• Rising Home Values: Real estate experts predict that the SkyTrain will drive property value increases, similar to the 10-20% boosts seen near SkyTrain stations in Burnaby and Richmond. Buying now could secure your home before prices climb further.

• Rapid Community Growth: Langley is one of Metro Vancouver’s fastest-growing areas, with a projected population increase of 420,000 and 147,000 new jobs by 2050 in Surrey, Langley City, and Langley Township. This growth fuels demand for housing and amenities.

• Vibrant Lifestyle: Langley offers a dynamic mix of urban and rural charm, with new shopping, dining, and community events like the Langley Cruise-In, outdoor markets, and spring, summer, and fall festivals that create a lively atmosphere.

Quick Fact: Langley’s transit-oriented development (TOD) plans around SkyTrain stations, like Willowbrook and Langley City Centre, will create walkable, mixed-use hubs with condos, shops, and services, perfect for first-time buyers seeking convenience.

Benefits of Buying in Langley as a First-Time Buyer

Langley’s growth and infrastructure investments make it a smart choice for first-time homebuyers. Here are the key advantages:

1. Investment Potential: The SkyTrain’s arrival is expected to boost home values, especially in transit-oriented areas (TOAs) within 800 meters of stations. Early buyers can capitalize on this growth before prices peak.

2. Modern Condo Developments: New presale condo towers, like Jethro Langley, Fenway Langley, Opus Langley, and VUE6 Langley, offer modern, affordable homes near future SkyTrain stations, ideal for young buyers seeking low-maintenance living.

3. Enhanced Connectivity: The SkyTrain will connect Langley to Surrey in just 22 minutes and Metro Vancouver’s broader transit network, reducing reliance on cars and easing commutes.

4. Growing Amenities: Langley’s retail and dining scene is expanding, with hubs like Willowbrook Shopping Centre and new mixed-use developments. Enjoy local restaurants, cafes, and community events like the Langley Cruise-In, a classic car show that draws thousands each year.

5. Outdoor and Community Events: Langley’s parks, trails, and seasonal events, such as summer farmers’ markets and fall harvest festivals, offer a rich lifestyle. Nearby Fort Langley, with its historic charm, adds to the appeal for weekend outings.

Pro Tip: Look into presale condos near Willowbrook or Langley City Centre stations for early-bird pricing and prime locations. Contact a local realtor for VIP access to projects like The Towers or The Nest.

Tips for First-Time Homebuyers in Langley

Navigating Langley’s real estate market as a first-time buyer can be exciting but challenging. Follow these tips to make the process smoother:

1. Get Pre-Approved for a Mortgage: Connect with a mortgage broker to determine your budget and secure pre-approval. This strengthens your offer and clarifies your price range in a competitive market.

2. Leverage First-Time Buyer Incentives: Explore programs like the First-Time Home Buyer Incentive, BC Property Transfer Tax Exemption (for homes up to $500,000), or the Home Buyers’ Plan (HBP), which allows you to withdraw up to $35,000 from your RRSP tax-free for a down payment.

3. Partner with a Local Realtor: A Langley-based real estate agent can guide you through emerging neighborhoods, highlight presale opportunities, and negotiate on your behalf. Look for experts familiar with transit-oriented developments.

4. Focus on Transit-Oriented Areas: Prioritize properties near Willowbrook or Langley City Centre stations for maximum convenience and future value growth. These areas are set to become vibrant, walkable hubs.

5. Consider Future Needs: Choose a home that fits your current lifestyle but also offers flexibility, like extra bedrooms for a growing family or space for a home office.

6. Inspect Thoroughly: Whether buying a presale condo or an existing home, hire a professional inspector to ensure quality and avoid unexpected repairs.

Top Neighborhoods for First-Time Buyers in Langley

Langley offers diverse neighborhoods catering to different preferences and budgets. Here are some top picks for first-time buyers:

• Willowbrook: A central hub with access to Willowbrook Shopping Centre and the future SkyTrain station. Expect new condo towers and mixed-use developments, perfect for urban convenience.

• Langley City Centre: The SkyTrain terminus, set to become a walkable downtown with high-density condos, shops, and restaurants. Ideal for young professionals seeking a vibrant lifestyle.

• Yorkson: A family-friendly area with modern townhomes and condos, like Fenway Langley, close to schools and parks. Great for buyers wanting suburban space with urban access.

• Nicomekl: Home to new developments like Opus Langley and VUE6 Langley, this neighborhood offers affordable condos in a growing, transit-friendly area.

• Willoughby: A rapidly developing area with presale projects like The Nest and Camden, offering modern homes near future transit corridors.

Why 2025 is the Perfect Time to Buy in Langley

With the SkyTrain construction underway and home values expected to rise, 2025 is an opportune moment for first-time buyers to invest in Langley. The city’s rapid growth, fueled by transit improvements and new developments, promises long-term value appreciation. Plus, Langley’s vibrant community, with events like the Langley Cruise-In and seasonal festivals, offers a lifestyle that’s hard to beat.

Ready to Start Your Homeownership Journey? Contact our Langley real estate team today to explore listings, discover presale condo opportunities, and learn about first-time buyer incentives. Let us help you find your dream home in one of BC’s fastest-growing communities!

Disclaimer: Real estate prices, project timelines, and availability are subject to change. Consult a licensed realtor for the latest market information.

A First-Time Homebuyer's Guide to Maple Ridge: Your Path to Homeownership

If you’re a first-time homebuyer looking for a place that combines affordability, natural beauty, and a strong sense of community, Maple Ridge, British Columbia, is the perfect destination to start your homeownership journey. Nestled between the Fraser River and the majestic Golden Ears Mountains, Maple Ridge offers a diverse range of housing options and a lifestyle that appeals to young professionals, couples, and families. This guide will explore why Maple Ridge is an excellent choice for first-time buyers and provide practical tips to help you navigate the real estate market.

Why Choose Maple Ridge for Your First Home?

Maple Ridge stands out as a top choice for first-time homebuyers due to its affordability, accessibility, and vibrant community. Here’s why:

• Affordable Housing Options: Compared to nearby Metro Vancouver, Maple Ridge offers more budget-friendly homes, including condos, townhomes, and single-family houses. This makes it easier for first-time buyers to enter the market without breaking the bank.

• Outdoor Lifestyle: Nature lovers will feel right at home with access to Golden Ears Provincial Park, Alouette Lake, and numerous hiking and biking trails. Spend your weekends exploring scenic parks or enjoying water activities just minutes from your doorstep.

• Strong Community Vibe: Maple Ridge is known for its tight-knit community, with local events like the Maple Ridge Farmers Market, the Caribbean Festival, and performances at The ACT Arts Centre fostering a welcoming atmosphere.

• Convenient Location: With the West Coast Express and major highways like the Lougheed Highway, commuting to Vancouver, Burnaby, or other nearby cities is straightforward, making Maple Ridge ideal for those working in urban centers.

• Growing Market: Maple Ridge’s real estate market is on the rise, offering great potential for long-term investment and property value appreciation.

Quick Fact: Maple Ridge’s diverse neighborhoods, from the bustling downtown core to quiet rural areas, provide options for every lifestyle and budget.

Tips for First-Time Homebuyers in Maple Ridge

Buying your first home can feel overwhelming, but with the right approach, you can find the perfect property in Maple Ridge. Here are some essential tips:

1. Get Pre-Approved for a Mortgage: Before house hunting, connect with a mortgage broker to understand your budget. Pre-approval strengthens your offer and shows sellers you’re serious.

2. Explore First-Time Buyer Programs: Take advantage of government incentives like the First-Time Home Buyer Incentive, the BC Property Transfer Tax Exemption, or the Home Buyers’ Plan (HBP) to reduce costs.

3. Work with a Local Realtor: A Maple Ridge real estate expert can guide you through the market, highlight up-and-coming neighborhoods, and negotiate the best deal. Look for agents familiar with first-time buyer needs.

4. Consider Your Lifestyle: Decide whether you prefer a low-maintenance condo in downtown Maple Ridge, a townhome in family-friendly areas like Albion, or a single-family home in quieter neighborhoods like Silver Valley.

5. Plan for the Future: Choose a home that suits your current needs but also has potential for growth, such as extra bedrooms for a future family or space for a home office.

6. Inspect the Property: Always hire a professional home inspector to ensure your chosen property is in good condition, avoiding costly surprises down the road.

Pro Tip: Keep an eye on new developments in Maple Ridge, as they often offer modern homes at competitive prices, perfect for first-time buyers.

Popular Neighborhoods for First-Time Buyers in Maple Ridge

Maple Ridge has a variety of neighborhoods to suit different preferences and budgets. Here are a few favorites for first-time buyers:

• Downtown Maple Ridge: Ideal for those who want walkable access to shops, cafes, and transit. Condos and townhomes here are often more affordable and perfect for young professionals.

• Albion: A family-friendly area with newer townhomes and single-family homes, close to schools and parks.

• Hammond: A charming, historic neighborhood with a mix of older homes and modern developments, offering great value for buyers.

• Silver Valley: Perfect for nature lovers, this area features newer homes surrounded by forests and trails, with options for various budgets.

Start Your Homeownership Journey in Maple Ridge Today

Maple Ridge is more than just a place to live—it’s a community where you can build a future, enjoy nature, and create lasting memories. With its affordable housing, strong community spirit, and proximity to urban centers, it’s no wonder first-time buyers are flocking to this beautiful city.

Ready to find your dream home in Maple Ridge? Contact our experienced real estate team today to explore listings, learn about first-time buyer incentives, and start your journey to homeownership. Let us help you turn your dream of owning a home in Maple Ridge into reality!

Disclaimer: Real estate prices and availability are subject to change. Consult with a licensed realtor for the most up-to-date information.

A First-Time Homebuyer's Guide to Langley: Your Path to Homeownership

Are you a first-time homebuyer dreaming of owning a home in a vibrant, welcoming community? Langley, British Columbia, is an ideal destination to start your homeownership journey. With its blend of urban conveniences, rural charm, and affordable housing options, Langley is perfect for young professionals, couples, and families looking to plant roots. This guide will walk you through why Langley is a top choice for first-time buyers and provide tips to navigate the real estate market successfully.

Why Choose Langley for Your First Home?

Langley offers a unique mix of affordability, lifestyle, and growth potential, making it a hotspot for first-time homebuyers. Here’s why:

How Global Conflicts Impact Real Estate Markets: Insights from 1979 to Today

The real estate market, often seen as a stable investment, is significantly influenced by various economic and geopolitical events. Since 1979, several major conflicts and crises have impacted home values and investment patterns. Let’s explore how these events have shaped the real estate landscape over the decades and what it means for homeowners and investors today.

The Ripple Effects of War and Conflict

1. 1980s-1990s: Oil Shocks and Gulf Wars The 1980s and early 1990s were marked by oil price shocks due to geopolitical instability in the Middle East, including the Iran-Iraq War and the Gulf War. These events led to inflation spikes, higher interest rates, and increased uncertainty, which slowed down real estate activity. The rising cost of borrowing made home purchases less affordable, cooling demand in many markets.

2. 2001: The Impact of 9/11 and Subsequent Conflicts The September 11 attacks triggered a significant shift in global economic policies, resulting in heightened security measures and military interventions in Afghanistan and Iraq. The immediate aftermath saw reduced consumer confidence, with investors pulling back from high-risk markets. However, low interest rates introduced to stimulate the economy eventually led to a housing boom in the mid-2000s.

3. 2008 Global Financial Crisis: A Turning Point Though not a traditional conflict, the 2008 financial crisis was a major disruptor. Originating from a collapse in the U.S. housing market, it triggered a global recession. Home values plummeted, and many markets took years to recover. The crisis highlighted the interconnectedness of global financial systems and the vulnerability of real estate markets to economic shocks​

   GowerCrowd
   ​
   Counselors of Real Estate
   .

   
   

4. 2020-Present: COVID-19 Pandemic and Russia-Ukraine War The COVID-19 pandemic was an unprecedented event that disrupted economies worldwide. Lockdowns and shifts in work-from-home policies altered real estate demand, with a surge in suburban home purchases as people sought more space. Just as markets were stabilizing, the Russia-Ukraine conflict in 2022 added new pressures. Rising inflation, spiking energy costs, and disrupted supply chains increased construction costs, pushing home prices even higher and reducing affordability in many regions​

   The Real Deal
   ​
   Counselors of Real Estate
   ​
   Wealth Management
   .

   
   

How Do Conflicts Affect Real Estate Investments?

Global conflicts tend to increase economic uncertainty, prompting shifts in investment strategies. During these periods, central banks often adjust interest rates to control inflation or stimulate growth. These changes directly affect mortgage rates and home affordability:

• Rising interest rates typically slow down home buying as borrowing costs increase, reducing demand.
• Supply chain disruptions can delay construction projects, reducing housing supply and driving up prices.
• Inflationary pressures may lead investors to seek safe-haven assets, like real estate, that traditionally hedge against inflation.

What Can Homeowners and Investors Expect?

Given the historical impact of conflicts on the market, investors should be prepared for potential volatility. Here are some strategies to consider:

• Diversification: Spread your investments across different asset classes to mitigate risk.
• Stay Informed: Keep an eye on global events and economic policies that may affect interest rates and housing markets.
• Long-Term Perspective: Despite short-term fluctuations, real estate remains a strong long-term investment. Historical data suggests it takes approximately 9.75 years for home values to double, even accounting for periods of crisis.

Final Thoughts

The real estate market's response to global conflicts highlights its sensitivity to economic shifts. By understanding these trends and preparing for market changes, investors and homeowners can navigate uncertainties with confidence. Whether you're buying, selling, or investing, staying informed about global events is key to making smart real estate decisions.

If you’re looking to discuss how current market trends might affect your real estate plans, feel free to reach out. Let’s navigate this market together!

Steps to Purchasing a Foreclosure:

• Inform Clients of Risks:

  • Make sure your clients understand the risks of buying a foreclosure, including potential damage or removal of property by the previous owners, as properties are sold "as-is, where-is."

• Review Schedule A Before Writing the Offer:

  • Ensure you and your clients read the Schedule A thoroughly. The property is sold without any warranties or guarantees, meaning sellers or lawyers have no obligation to fix or replace anything.

• Write the Offer with Normal Subjects:

  • The offer can include standard subject clauses (financing, inspection, etc.). Once accepted, the client can proceed with due diligence during the subject removal period, just like a typical transaction.

• Accepted Offer and Deposit Submission:

  • After subject removal, submit the deposit and wait for a court date. During this waiting period, the seller (court/lawyers) may publish the accepted offer price publicly and solicit competing bids from other buyers.

• Possibility of Competing Offers:

  • Other offers may come in, giving the original buyer a chance to submit a higher bid by a set deadline (usually a few business days before the court date). Clients should discuss this with their lawyer or review Schedule A for specifics.

• Current Owner’s Right to Refinance:

  • The current owner may be notified once an offer is accepted and may have the opportunity to still refinance or make arrangements with the lender to keep the house up until the court date.

• Court Date Timeline:

  • Check with the listing realtor or lawyer on court date timelines, which can range from 10 days to 6-8 weeks.

  • Once the deposit is in, the buyer cannot back out before the court date.

• Attending the Court Date:

  • Buyers should attend the court hearing if hearing is not done virtually -Check with Schedule A, Listing Realtor or Lawyer on in person or virtual. Dress appropriately, and arrive early. While a lawyer or realtor can attend on their behalf, it is strongly recommended for buyers to be present. Their attendance can be crucial if any issues arise.

• After Court Approval:

  • Once the court approves the sale, buyers will get deposit back if they were outbid, or they will await for their completion and possession dates if they were successful.

• Possession Day Challenges:

  • If the current occupants (previous owners or tenants) refuse to leave on possession day, the Schedule A should include a clause requiring the petitioner to apply for a writ of possession. - This should be done in a time of the essence fashion.

• Handling Non-Vacating Owners/Tenants:

  • Buyers can either let the petitioner handle the writ of possession ( no cost to buyer ) or choose to have their own lawyer apply for it ( costs may be involved )

  • Hire a court-approved bailiff to enforce the writ, which may involve additional costs if the petitioner does not arrange it.

  • If doing this independently, use discretion ( the element of surprise) to prevent occupants from removing/destroying property before the bailiff arrives.

This guide is for informational purposes only and does not constitute legal advice. Buyers should consult with their lawyer or real estate professional for specific advice related to their unique situation. The foreclosure process can vary depending on local laws and individual circumstances.

How the City of Maple Ridge can best develop downtown properties including Cliff Avenue is the subject of a new survey.

The survey is available online, and residents can offer their opinions until Nov. 15 at noon.

A group of properties on Cliff, Selkirk and 119th Avenues are being looked at, for long-term planning, as the city reviews land use designations in its Town Centre area, between 221st and 222nd Streets.

The city notes that these properties are currently designated as single-family residential. The land lies in a transitional area that borders both the Town Centre and Lougheed Transit Corridor area plans. The Town Centre plan guides growth in the downtown area, while the Lougheed Transit Corridor plan sets out development along Lougheed Highway and Dewdney Trunk Road to the west of the Town Centre. The latter plan calls for higher density housing, with more focus on rapid transit service.

The city held an open house on Oct. 30 at the Maple Ridge Public Library to get public input.

The public was told the city sees development potential for Selkirk and 199th Avenues being multi-family residential buildings – townhouses and apartments. Building heights could reach 25 storeys, or higher where appropriate.

Future land use on Cliff Avenue being considered is low-rise apartments and commercial space.

Neil Corbett
Nov 5, 2023 8:00 PM

https://www.mapleridgenews.com/local-news/maple-ridge-changing-land-use-on-key-downtown-properties-6832025

Christmas Market 2023: Golden Ears United Church, 22165 Dewdney Trunk Rd., Nov. 18, 10 a.m. to 2 p.m. Baking, preserves, kraft korner, cookie bar, silent auction, vendors, and artisans. Info: goldenearsunited.ca.

Craft and Bake Sale: Haney Presbyterian Church, 11858 216th St., Nov. 18, 10 a.m. to 2 p.m. Decorations, sewing and knitting items for sale, soaps, baking, and more.

Christmas Crafts and More: Maple Ridge Alliance Church, 20399 Dewdney Trunk Rd., Nov. 18, 9:30 a.m. to 3 p.m. Free admission, more than 50 vendors.

Pathfinders/Rangers Winter Market: Haney Presbyterian Church, 11858 216th St., Nov. 25, 1 to 5 p.m. Girl guides fundraiser, more than 50 vendors, draw prizes, book sales, concession, food trucks, and gift wrapping by donation.

Christmas Market: CEED Centre, 11739 223rd St., Nov. 25-26, 10 a.m. to 3 p.m. Local artists, gift basket draw, apple cider, sewn items for sale.

Thomas Haney Craft Fair: Thomas Haney Secondary, 23000 116th Ave., Nov. 25-26, 9 a.m. to 5 p.m. More than 100 vendors, childcare by donation, and food trucks. Admission is $5, but kids 6 and younger are free.

Albion Holiday Craft Fair: Albion Community Centre, 23165 104th Ave., Nov. 26, 11 a.m. to 4 p.m. Charity raffle, Santa, food trucks, more than 116 vendors, and door prizes.

Christmas in Pitt Meadows: Spirit Square, 12027 Harris Rd., Dec. 1, 4 to 8 p.m. Decorations, vendors, Santa and Mrs. Claus pictures, hayride, food trucks, concession, road hockey, carolers, kid’s zone, live entertainment, and tree lighting. Info: pittmeadows.ca.

Winter Fest: Memorial Peace Park, 11930 224th St., Dec. 2, 4 to 8 p.m. Santa parade, light displays, food trucks, Christmas market, and kids games.

Teen Gingerbread House Building: Maple Ridge Public Library, 22470 Dewdney Trunk Rd., Dec. 5, 6 to 7:30 p.m. Ages 12 to 18, free gingerbread house building. Info: Maple Ridge Public Library Facebook page.

Seniors Christmas Party: Maple Ridge Public Library, 22470 Dewdney Trunk Rd., Dec. 6, 1 to 2:30 p.m. Silvertones Choir, light refreshments, holiday music. Registration required. Info: Maple Ridge Public Library Facebook page.

Holiday Ornament Making: Maple Ridge Museum, 22520 116th Ave., Dec. 9, 11 a.m. to noon and 1 to 2 p.m. Ages 5 and older, ornament building workshops, hot chocolate. Admission is $5 per child, registration required. Info: mapleridgemuseum.org/holiday-ornament-making.

CP Holiday Train: Maple Ridge and Pitt Meadows, various Westcoast Express stations, Dec. 17, varying times. Performances by Tyler Shaw and Kiesza. Info: cpkcr.com/en/community/HolidayTrain.

Pitt Meadows Winter Fair: Pitt Meadows Secondary, 19438 116B Ave., Dec. 18, 4:30 to 8 p.m. Cake walk, live music, auction, concession, kids games, and vendors.

Winter Wonderland Skate: Pitt Meadows Arena, 11435 Bonson Rd., Dec. 22-23, varying times. All-ages skating, decorations, selfie station, skate and helmet rentals. Admission is $2 per person. Info: pittmeadows.ca.

Boxing Day Skate: Plant Ice, 23588 105th Ave., Dec. 26, 1:30 to 3:30 p.m. All-ages skating, face painting, hot chocolate and snacks, gift card draw. Admission by donation, with all proceeds going to Maple Ridge Kid Sport and BC Cancer Society. Info: Enhance Sport & Wellness Facebook page.

Have an upcoming holiday market or event?

Send the information to brandon.tucker@mapleridgenews.com.

https://www.mapleridgenews.com/local-news/get-into-the-holiday-season-with-these-maple-ridge-and-pitt-meadows-events-7109831

Langley and Maple Ridge will be connected by one of three fast bus lines announced by TransLink and local mayors on Thursday, Nov. 16.

The new local Bus Rapid Transit (BRT) corridor will run from Langley City, likely up 200th Street, across the Golden Ears Bridge, and then east as far as Haney.

Exact routes have not been determined, TransLink’s announcement said.

The other routes include a King George Boulevard line running from Surrey Centre south to White Rock, and a corridor from Metrotown in Burnaby all the way to the North Shore.

The three corridors were selected based on ridership potential, feasibility of building the new infrastructure, and support from local governments.

Several mayors and councils in the areas, including in Langley and Maple Ridge, have been enthusiastic about the possibility of BRT service, with Maple Ridge actively lobbying just last month to be one of the first routes chosen to be built.

“We are thrilled about being announced as one of the first municipalities that is being awarded with Bus Rapid Transit (BRT) as planned in TransLink’s Access for Everyone plan,” Maple Ridge Mayor Dan Ruimy said, in a statement released by TransLink. “This means that the Langley – Haney Place, Maple Ridge line will be prioritized. From day one we have been working hard at both the staff and political levels to demonstrate that Maple Ridge is ready for more transit and will collaborate with our partners to get shovels in the ground.”

Eric Woodward, Mayor, Township of Langley

“As the largest municipality within Metro Vancouver without Rapid Transit service, the Township of Langley is long overdue for a significant investment in transit infrastructure from TransLink,” Mayor Eric Woodward of Langley Township said. “The Langley – Haney Place Bus Rapid Transit line is one of the best corridors to get going on right away, with so much growth, available right-of-way, and strong municipal support from us and Maple Ridge. TransLink has always had willing a partner for Bus Rapid Transit in the Township of Langley.”

TransLink announced last year that it was planning up to double regional bus service over the course of a decade, and that BRT systems would be a major part of that project.

A BRT line uses a dedicated lane for buses only, down major transit corridors. Bus riders are expected to pre-pay before boarding what “rail-like stations” that will have shelters.

TransLink said last year that it planned to serve its BRT routes with zero-emission buses.

READ MORE: Maple Ridge council unanimously votes to move forward with BRT plans

READ MORE: Langley Township wants TransLink to make fast buses on 200th Street a priority

Once in motion, the buses will have their own lanes and will have priority at traffic signals.

Planning work for the King George Boulevard and Langley to Haney corridors will be advanced, TransLink announced.

The Metrotown to Park Royal corridor will be immediately extended and upgraded, the announcement said.

These are the first three of nine proposed BRT corridors.

Exact alignments of the routes and total costs have not yet been determined. TransLink will also be looking for money from senior levels of government to pay for the projects.

Last year, TransLink estimated BRT would cost around $15 million per kilometre to build, compared to the approximately $400 million per kilometre for SkyTrain extensions that are also about to start construction.

Richmond once had a BRT-style line down Number Three Road, but the service was discontinued after the SkyTrain extension was built there.

The Author: Matthew Claxton

As of the very start of 2023, home sales across British Columbia will be subject to a three-day, cooling-off period as a measure to protect homebuyers.