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Canada's Beautiful Fraser Valley - A Buyers & Sellers Market
By Thomas Berten
So you think the market is hot? Why is that? Many people follow the crowd and go with what the media is promoting. Some of the hard core factors that affect real estate are Interest rates, Taxes, Rent Controls, Economy, Population and much more. Let’s get started. Interest rates in British Columbia has a direct connection between prices in the lower mainland and Fraser Valley area’s. The higher the rates, the lower the prices. The lower the rates, the higher the prices. When the rates are low, more people can afford to buy their first home or an investment property in Abbotsford, Langley or Vancouver. This puts pressure or a greater demand on the Fraser Valley market.

With our municipal and provincial taxes in British Columbia you’d be affected with property values. When your in an area with high municipal property taxes this can be a deterrent to a purchaser. A rise in taxes could cause real estate prices to drop. Provincial taxes, such as a property purchase will limit the number of buyers. These factors would affect the overall amount of real estate activity as well as prices in the Langley, Burnaby, Chilliwack or other Fraser Valley Markets.

Naturally, provincial rent controls and related restrictions could have a

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Mexico still hot as winter vacation destination; Tour operators turning attention to Jamaica.(Travel): An article from: Winnipeg Free Press

This digital document is an article from Winnipeg Free Press, published by Thomson Gale on October 13, 2007. The length of the article is 869 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

Citation Details
Title: Mexico still hot as winter vacation destination; Tour operators turning attention to Jamaica.(Travel)
Author: Gale Reference Team
Publication: Winnipeg Free Press (Magazine/Journal)
Date: October 13, 2007
Publisher: Thomson Gale
Page: e8

Distributed by Thomson Gale

Author: Gale Reference Team
Digital: 3 pages HTML
Company: Thomson Gale (2007-10-13) (2007-10-31)
List Price: $9.95
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limiting effect on how much an investor in real estate can be active. This chain effect limits the number of potential buyers on the market. Rent controls are governed by provincial legislation. Not all provinces have rent control, but any province can introduce them or modify their existing legislation at ANY TIME. If your curious about your rental caps simply go to any search engine and type in “landlord tenant law in British Columbia”. You will see the criteria for increasing rents in your Fraser Valley area.

The confidence in the economy is an important factor in stimulating home buyers and investor activity in the Fraser Valley. If the mood is positive then more market activity will occur in Langley, Richmond or wherever you live in the lower mainland. Conversely, if the economy is stagnant, the opposite will occur resulting in a decreased number of home buyers. Luckily the Fraser Valley has opportunities that attract immigrants from outside the country and other provinces. This increase demand increases the popularity of prices.

With lower vacancy levels in the area, this could stimulate a first time home buyer to buy a home. Also, renters who can't find a place to rent may borrow from relatives or find other creative ways to enable them to purchase a home rather then rent a home in the Fraser Valley. Our location with trees, streams mountains and fresh air attracts people of all places. The public perception of a certain geographic location or type of residential property or building affects the prices. Now that you are aware of many factors that effect Real Estate in general, is it a good investment? That is for you to decide!

Article Source: http://www.ArticleJoe.com

Shane Toews is a Licenced Realtor who helps others to educate themselves about current real estate issues. He also provides assistance on how to find quality homes, apartments or vacation rentals in Canada's Fraser Valley area.

Visit his website RentFraserValley.com for more information on Fraser Valley Homes and Apartments for Sale or Rent

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