Are you a young family searching for the perfect starter home under $1 million? Look no further than the vibrant neighborhoods of White Rock and South Surrey! These family-friendly communities offer picturesque landscapes, top-rated schools, and endless recreational opportunities, making them ideal places to call home.

Imagine waking up to stunning ocean views, with beautiful beaches just a stroll away. Our curated selection of cozy single-family houses and modern townhomes are perfect for families looking to settle down in a serene yet convenient location. Enjoy the blend of small-town charm and easy access to urban amenities that these neighborhoods provide.

With great value homes under $1 million, now is the perfect time to find your dream home in one of the Lower Mainland’s most desirable areas.

🔗 Visit my page to view this predefined search and explore the best starter homes in White Rock and South Surrey! 🔗https://whiterockviews.ca/white-rock-ssurrey-homes-under-1-million.html

Join the many young families who have already discovered the rich, fulfilling lifestyle that White Rock and South Surrey have to offer!

#StarterHome #RealEstate #FamilyLiving #WhiteRock #SouthSurrey #DreamHome #YoungFamilies #HomeBuying #CoastalLiving #AffordableLiving #CommunityLife #TopSchools #VibrantNeighborhoods

As a realtor, I am dedicated to helping people find their perfect homes. However, I am acutely aware that for many, the dream of homeownership or even securing affordable housing is not easily attainable. That’s why I am honored to be part of an incredible affordable housing initiative right here in Surrey.
I believe that everyone should have the "OPTION" to find a safe, comfortable place to call home. This belief drives my passion and commitment to this cause.
🤝 I am thrilled to share that I am now working alongside the Entrepreneurs of Options Group, a dedicated team within Options Community Services. This group is devoted to creating and promoting accessible housing solutions, ensuring that everyone in our community has the opportunity to find affordable housing.
Habitat@81st is one of our shining achievements—a project that has provided 100 homes to individuals and families in need. But our work doesn't stop here. We have many more exciting initiatives planned to continue building and supporting affordable housing options.
How You Can Help!
Your support is crucial to our success. If you are passionate about affordable housing and want to make a difference, I invite you to join us. Your contributions can have a profound impact on our community.
Please visit our page to learn more about our initiatives and how you can get involved. Your donation, no matter the size, can help transform lives and build a brighter future for many.

⏩ https://entrepreneursofoptions.ca/michelle-bennett/

Thank you for your generosity and support 🙏.

Together, we can make a significant difference in the lives of those who need it most.

As a landlord in British Columbia, understanding the rules and regulations surrounding giving notice to tenants is essential. Whether you need to terminate a tenancy for personal use, renovation, or other reasons, it's crucial to follow the proper procedures outlined by the Residential Tenancy Act. In this blog post, we'll explore the rules and requirements for landlords giving notice to tenants in BC, ensuring a smooth and lawful process for all parties involved.

1. Grounds for Giving Notice: Landlords in BC can give notice to tenants for various reasons, including:

• Personal use of the property by the landlord or their family member.

• Renovations or repairs that require the unit to be vacant.

• Property sells. The buyer submits a written request to the seller stating they will be occupying the rental unit before taking possession of the property, and the seller (or current landlord) gives the tenant a two month notice to end tenancy. 

• Landlord's plans to demolish the property.

2. Notice Periods: The notice period required depends on the reason for giving notice:

• For personal use, renovations, or repairs, landlords must provide two months' notice.

• For sale of the property, landlords must provide two months' notice 

• For demolition, landlords must provide four months' notice.

3. Serving Notice: Landlords must serve notice to tenants using the proper form specified by the Residential Tenancy Branch. The notice must include details such as the reason for termination, the date the tenancy will end, and any additional information required by law.

4. Compensation and Assistance: In some cases, landlords may be required to compensate tenants or provide assistance with relocation expenses, depending on the reason for termination and the tenant's circumstances. It's essential to familiarize yourself with these requirements to ensure compliance with the law.

5. Dispute Resolution: If tenants dispute the notice or believe it is invalid, they have the right to dispute the termination through the Residential Tenancy Branch. Landlords should be prepared to provide evidence supporting their reasons for giving notice and participate in any dispute resolution proceedings as required.

Conclusion: Giving notice to tenants in British Columbia is a regulated process governed by the Residential Tenancy Act. Landlords must adhere to specific rules and requirements when terminating a tenancy for personal use, renovations, sale of the property, or other reasons. By understanding these rules and following the proper procedures, landlords can ensure a lawful and orderly process for giving notice to tenants.

For more information and assistance with giving notice to tenants in BC, landlords can consult the Residential Tenancy Act https://www2.gov.bc.ca/gov/content/housing-tenancy/residential-tenancies/calculators-and-resources/tenancy-laws-rules

Disclaimer: The information provided in this blog post is for informational purposes only and should not be construed as legal advice. Landlords should consult the Residential Tenancy Act and seek legal counsel for specific questions or concerns regarding giving notice to tenants in British Columbia.

Deciding whether to buy now or wait for changes in interest rates depends on various factors, including your personal financial situation, housing market conditions, and long-term goals. Here are some considerations to help you make an informed decision:

Buy Now if:

1. Favorable Market Conditions: If the housing market in your area is currently favorable for buyers, with a good selection of homes and competitive prices, it might be a good time to buy. “We are seeing a relatively calm and balanced market right now,” said Jeff Chadha, Chair of the Fraser Valley Real Estate Board. “Which means buyers have time to shop around and purchase a home without the pressure of a few years ago, and while prices are holding fairly steady across all property types.”

2. Stable Financial Situation: If you have a stable income, sufficient savings for a down payment and closing costs, and a good credit score, you may be well-positioned to buy now.

3. Low Interest Rates: If current interest rates are historically low, locking in a mortgage now could potentially save you money on interest payments over the life of the loan. As of May 21, 2024, the lowest mortgage rate in Vancouver is 4.59% for a 5-Year Fixed mortgage. The predictions range from a decrease of 25 basis points (0.25%) to a total drop of around 100 basis points (1.00%) by year-end. The next Bank of Canada rate announcement is on June 5th, 2024, and could be a turning point. Market expectations lean towards a potential decrease of 25 basis points.

4. Long-Term Plans: If you plan to stay in the home for the long term and are confident in your ability to afford the monthly mortgage payments, buying now could be a wise investment in your future.

Wait if:

1. Interest Rate Trends: If interest rates are expected to decrease further in the near future, waiting could allow you to secure a lower mortgage rate and potentially save money on your monthly payments.

2. Market Uncertainty: If there is uncertainty in the housing market, such as rising home prices or inventory shortages, waiting may give you more options and negotiating leverage when purchasing a home.

3. Financial Preparation: If you need more time to save for a larger down payment, pay off debt, or improve your credit score, waiting could put you in a better financial position to qualify for a mortgage with favorable terms.

4. Life Changes: If you anticipate major life changes in the near future, such as a job relocation, marriage, or starting a family, it may be prudent to wait until your situation stabilizes before committing to a home purchase.

Consult with a Financial Advisor:

Before making a decision, consider consulting with a financial advisor or mortgage professional who can provide personalized advice based on your individual circumstances and the current economic landscape. They can help you assess the pros and cons of buying now versus waiting, taking into account factors such as interest rates, market conditions, and your long-term financial goals.

Ultimately, the decision to buy now or wait depends on your specific needs, preferences, and financial objectives. Take the time to carefully evaluate your options and make a decision that aligns with your overall financial plan and lifestyle goals.

Let's Connect! Whether you're buying, selling, or just curious about the real estate market, I'm here to help. Sign Up for valuable insights, tips, and updates on the White Rock South Surrey housing market, and let's embark on this exciting journey together!

As of last update in January 2022, White Rock, BC, had an estimated population of around 20,000 residents. While South Surrey, BC, had an estimated population of around 100,000 residents. However, population figures can change over time due to factors such as migration, births, and deaths. For the most up-to-date population information, we recommend consulting official sources such as the City of Surrey's website or Statistics Canada.

While experiencing significant immigration to South Surrey over the past two years, it's possible that the population has increased well beyond previous estimates.

 Let's Connect!: Whether you're buying, selling, or just curious about the real estate market, I'm here to help. Sign Up for valuable insights, tips, and updates on the White Rock South Surrey housing market, and let's embark on this exciting journey together!

Welcome HOME to this centrally located TOP floor 2 bed, 2 bath, & den CORNER suite. Featuring a large private balcony. Offering an additional 340+ sqft of extra living space. Completely separate & private from any other units. Inside you will appreciate a spacious home with loads of natural light from all the windows in this corner suite, 10 in total! Enjoy a functional kitchen with the kitchen-sink window looking out to the balcony space outside. The bright open concept living/dining room & den is very inviting. The primary suite is expansive with a door out to your balcony space. West facing so you can enjoy mountain & sunset views from your private top floor oasis. 1 parking space & 1 storage locker. PET friendly. Walkability is a 10! Open house this Sat. & Sun. Feb. 17th & 18th 1-3. Offered @574,000.

https://whiterockviews.ca/mylistings.html/listing.r2849195-403-13733-74-avenue-surrey-v3w-1b8.101029769

Should I Buy a House Now or Wait?

Yes, you should buy a house now if you’re financially ready. Mortgage interest rates are high right now, but we don’t know for sure when they’ll go back down—the next bank of Canada interest rate announcement will be on January 24th, 2024. Most predictions indicate that it will be held at 5.00%

We do know, though, that housing prices will keep going up (like they always have). So, your best bet is to buy now and lock in your home’s price before housing costs increase even more. Then, if interest rates do go down in a year, you can refinance to a lower rate.

Plus, because interest rates are high right now, fewer people are buying, which means you won’t have as much competition when you make offers.

However, you should only buy a house if you’re prepared financially and have done the due diligence in getting pre-approved.

Please reach out.  I am very passionate about what I do, and I would love to help make your real estate dreams a reality!  Let's connect.