PJ Cheema & Razaik Cheema - Video Blogs & Articles

July 2022 - Week 3 Stats for Surrey, Cloverdale, & Langley

Posted on Jul 24, 2022

Here’s what happened in the 3rd week of July in the Surrey, Cloverdale & Langley housing market!

This week was similar in comparison to last week in terms of new listings coming to the market for single family homes while new listings increased for condos and townhomes in all 3 areas. Sales were like last week as well as they were low.

Overall if we...

Understanding a Buyer's, Seller's or Balanced Market!

Posted on Jul 19, 2022

There are 3 Real Estate markets classifications: Buyer’s Market, Balanced Market, & Seller’s Market.

Each market is determined by the Sales to Active Listings Ratio. This ratio compares how many homes have sold vs how many active listings are in the market.

A balanced market is when supply meets the demand. This means that there is enough demand from...

July 2022 - Week 2 Stats for Surrey, Cloverdale, & Langley

Posted on Jul 17, 2022

Here’s what happened in the 2nd week of July in the Surrey, Cloverdale & Langley housing market!

It was a slower week compared to last week in terms of new listings coming to the market and the number of sales in all 3 neighbourhoods. That is expected since kids are off school and lots of people are gone on vacations.

This was also an important week...

July 2022 - Week 1 Stats for Surrey, Cloverdale, & Langley

Posted on Jul 10, 2022

We are back with the weekly stats update! Here’s what happened in the 1st week of July!

The summer slowdown has officially begun – especially in terms of the number of sales in Surrey, Cloverdale & Langley.

You’ll see that townhomes and condos in Cloverdale & Langley have 0 reported sales whereas in Surrey there were 0 reported sales for townhomes an...

Should You Buy Real Estate in 2022?

Posted on Jul 06, 2022

Regardless of where the market is today and where it may go tomorrow, we believe you should and here’s why:

Is there a home that you like that you can afford & you are qualified for? Then you should buy it.

Rents are very high today. Interest rates are rising too. But home prices are significantly down now.

So the odds are in your favor:

- You have a l...

June 2022 Market Update for the Fraser Valley

Posted on Jul 01, 2022

Here is the real estate market update for the Fraser Valley in June 2022!

We are in a different real estate market today. The sooner we realize, the better it is for us as buyers and sellers.

The demand for single-family homes has softened as the number of sales have dropped. Here we have entered a balanced real estate market as the Sales to Active L...

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