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MLS® Disclaimer for BC: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy.
Building Info
The Sonnet - 5430 201 Street Langley, BC V3A 0A2 - Located in the heart of Langley City on 201 Street and Michaud Crescent. This is a convenient location that is close to transit, Willowbrook Shopping Centre, Costco, Cascade Casino, Douglas Park Community, Fraser Valley Public Library, schools at all levels, restaurants, recreation and more! Direct access to major transportation routes allows an easy commute to surrounding destinations including Surrey, Downtown Vancouver and Abbotsford. The Sonnet is a four storey building that offers 85 beautiful homes built in 2006 and are professionally managed. Most homes feature spacious floor plans, granite countertops, undermount sinks in kitchens, deep soaker tubs, insuite laundry, ample windows that boast views of the Northshore Mountains and oversized balconies. This is a well maintained building with many features that include central air conditioning, a bike room, elevators, exercise room, recreation centre, wheelchair access, meeting rooms, manicured gardens, lush landscaping, secured parking and visitor parking. Luxury begins at the round-a-bout entrance that has a beautiful water feature and continues as you step into the two storey grand foyer. The Sonnet is a desirable condo community that is suitable for all lifestyles - Live here today!
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 4,268 in May 2021, a 187.4 per cent increase from the 1,485 sales recorded in May 2020, and a 13 per cent decrease from the 4,908 homes sold
April 2021 Market Insights
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 4,908 in April 2021, a 342.6 per cent increase from the 1,109 sales recorded in April 2020, and a 14 per cent decrease from the 5,708 homes sold
March 2021 Market Insights
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 5,708 in March 2021, a 126.1 per cent increase from the 2,524 sales recorded in March 2020, and a 53.2 percent increase from the 3,727 homes sold
February 2021 Market Insights
REBGV reports that residential home sales in the region totaled 3,727 in February 2021, a 73.3 percent increase from the 2,150 sales recorded in February 2020, and a 56 percent increase from the 2,389 homes sold in January 2021. The Home Price Index compo
Real Estate Related News Articles(Sun and Province)Search News
Meeting the demand of housing market sales amidst pandemic
“There’s been very little focus on changing the way that things have been done,” Ruparell said. “Despite the fact that home values have doubled in Canada and that the percentage of commission has stayed the same, the actual experience to buy and own a home hasn’t evolved at all.”
“That implies values to peak around the $2 million barrier and then backtrack to $1.83 million, the previous market peak,” he said, which was seen in May 2021.
Eitel said that the trend over several years has been for active listing to reach their highest annual level in August and September, suggesting the greater supply would also dampen expectations of a further price hike in the autumn.
Housing supply crisis in Canada issue needs to be address immediately
A major reason for the surge in demand is historically low interest rates. Adding to this, the COVID-19 remote-work structure has turned homes into a catch-all of offices, schools, gyms and living spaces; the desire and ability to move from the city to the suburbs has increased; and what better time to expand living space than when you’re at home 95 per cent of the time? Paired with this increased demand, housing inventory has been historically low, with many British Columbians hesitant to list their homes due in part to pandemic-related concerns. For example, the number of listings in the interior and on Vancouver Island are 50 to 60 per cent lower than needed for a balanced market in the long-term.
Creating transparency in the housing market based on a variety of data sources
The projected value is then tested against real sales that happen in the city, and the algorithm learns from errors if it makes them. All of this, Etebarian says, makes for a successful estimate each time.
“Our accuracy is at 96-plus percent,” he says, “which is six to seven percent more than our competitors.”
New normal Checklist on entering borders in Canada
Most foreigners are still barred from entering Canada but, as of Aug. 9, fully vaccinated U.S. citizens and permanent residents living in that country will be able to visit, and they won't have to quarantine.
The federal government said it plans to allow fully vaccinated travellers from all other countries to enter Canada and skip quarantine on Sept. 7.
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