surrey lifestlye

Sales move up while new listings drop; composite residential benchmark still below $1-million

There are several market dynamics occurring at this time which reinforce what I have been saying for the last couple of months. If you are watching the housing market with the intention of buying, then I highly recommend you make that decision now. July sales in the Greater Vancouver region showed a sharp rise over June, an increase of more than 23 per cent in one month. I would normally not pay the as much attention to one month’s activity except that July is typically a slower month for real estate sales. Add to this current activity two other metrics to see what’s emerging. First, the number of new listings in July went down almost 5.0 per cent compared with June; and second, the composite benchmark price is just under the psychological threshold of $1-million. Together, these three figures suggest that buyers are realizing prices could begin rising against a declining inventory, and that once the $1-million mark is surpassed again, pent up demand can keep it going upwards. This can also cause potential sellers to delay their listing while hoping to get a higher price, which further move prices up on supply -demand basis.

In actual numbers, there is still a sizable inventory across all housing types so the selection remains very good with a total 14,240 homes available at the end of July. You can find a sample of benchmarks for each property type below with my latest comparisons of month-over-month prices. The composite benchmark price for Metro Vancouver at the end of July was $995,200, a slight decrease of 0.2 per cent from June. As I mentioned last month, this benchmark dropped below $1-million for the first time since 2017, brought down by market cooling measures taken by two levels of government. During this time, a lot of potential buyers have been waiting on the sidelines to make a purchase. As it did in 2017, this benchmark price jumped over $1-million quickly. I will be watching it for you in this newsletter next month. In the meantime, I encourage you to take advantage of the lovely summer weather and check out some of the great listings available to you now.

Detached Homes

The benchmark price for a single-family detached home in Greater Vancouver at the end of July was $1,417,000, a decrease of 0.5 per cent from the preceding month. The extremities of this average were Vancouver West (not West Vancouver) at $2,885,400 and Sunshine Coast at $596,300. (Note I include the Sunshine Coast only as a factor in the average, but do not report on housing prices in this area because it is to far away for my clients). The three municipalities closest to the benchmark on the higher side of the average were: Port Moody at $1,442,000, an increase of 1.0 per cent from the preceding month; Richmond at $1,474,800, a decrease of 0.7 per cent from the preceding month; and Burnaby South at $1,477,300, a decrease of 1.3 per cent from the preceding month. The three municipalities closest to the benchmark on the lower side of the average were: Burnaby North at $1,373,400, a decrease of 1.9 per cent from the preceding month; Vancouver East at $1,352,800, an increase of 0.2 per cent from the preceding month; and Burnaby East at $1,181,900, and increase of 0.1 per cent from the preceding month.

Townhouses

The benchmark price for a townhouse in Greater Vancouver at the end of July was $770,000, a decrease of 0.6 per cent from the preceding month. The extremities of this average were Vancouver West (not West Vancouver) at $1,114,700 and Maple Ridge at $524,100. The three municipalities closest to the benchmark on the higher side of the average were: Richmond at $770,900, a decrease of 1.1 per cent from the preceding month; Vancouver East at $847,400, a decrease of 1.6 per cent from the preceding month; and West Vancouver at $1,114,700, a decrease of 1.0 per cent from the preceding month. (Note I have excluded Whistler in third place here because it is too far away for my clients.) The three municipalities closest to the benchmark on the lower side of the average were: Burnaby South at $760,600, a decrease of 0.3 per cent from the preceding month; New Westminster at $713,900, a decrease of 1.1 per cent from the preceding month; and Port Moody at $656,900, an increase of 0.4 per cent from the preceding month. (Note I have excluded Squamish in third place here because it is too far away for my clients.)

Condominiums

The benchmark price for a condominium in Greater Vancouver at the end of July was $653,200, a decrease of 0.2 per cent from the preceding month. The extremities of the average were West Vancouver at $1,085,700 and Maple Ridge at $347,800. The three municipalities closest to the benchmark on the higher side of the average were: Burnaby South at $653,500, a decrease of 1.9 per cent from the preceding month; Burnaby East at $721,200, a decrease of 2.0 per cent from the preceding month; and Vancouver West (not West Vancouver) at $752,300, an increase of 1.1 per cent from the preceding month. The three municipalities closest to the benchmark on the lower side of the average were: Port Moody at 628,700, an increase of 1.4 per cent from the preceding month; Richmond at $652,500, a decrease of 1.0 per cent from the preceding month; and Burnaby North at $609,500, an increase of 0.3 per cent from the preceding month.

How can I help?

I am here to help you, whatever your housing requirements, I bring experience in banking and finance to assist you in your mortgage planning and can also advise you on pricing your home at the optimal price for the prevailing market conditions. This may include renovations that will increase your home value or simply enhance your own living comfort. I can recommend excellent tradespeople who are reputable, reliable and reasonable in their rates. It gives me pleasure to help my clients. Please don’t hesitate to call me for any real estate advice you may need.

Thanks for reading!

Sibo Zhang, REALTOR®

July Market Update for Metro Vancouver

Composite residential benchmark price drops below $1-million – back to 2017 mark.
Readers may recall a contest in my newsletter in July 2017. The composite benchmark price for residential properties in Greater Vancouver had been moving upwards – getting close to the $1-million mark for a couple months. I offered a prize to anyone who could guess which month it would surpass $1-million. That happened by the end of that July when it reached $1,019,400. It had hit $998,700 in the preceding June, a jump of $92,000 over $906,700 at the beginning of May 2017. I referred then to the $1-million price as an important psychological threshold. I noticed a shift after that with clients choosing townhouses or condominiums instead of detached homes, which were becoming increasingly beyond the budgets of many customers. So, just two years later, the composite benchmark price at the end of June 2019 is again below $1-million – and of particular note – at $998,700 it is exactly where it was two years ago!

I wouldn’t put too much stock in the adage that what goes up, must come down. While the current decline in prices might seem to confirm this saying, when it comes to real estate it’s better to understand the forces behind the price movement. For this I return again to the market cooling measures adopted by the federal and provincial governments – stiffer mortgage qualification and additional taxes have been effective in bring down prices overall. The steady price decline for over a year has prompted many homeowners to list their property for sale in the hope of getting the best price before a further decline. This has resulted in a great selection of homes to choose from (14,968 total inventory at the end of June), but a lot of prospective buyers are still waiting to see if prices go lower. I understand this decision predicament. However, I urge buyer clients to weigh their priorities carefully. If you are eager to get into a home, don’t gamble unnecessarily by trying to beat the market. With the psychological threshold price now below $1-million again, demand can increase rapidly just as it did in 2017. This is an excellent time to find a great home for a price that is again in an affordable range. Take at look at the comparative benchmark prices I have selected for you across each of property types below.

Detached Homes
The benchmark price for a single-family detached home in Greater Vancouver at the end of June was $1,423,500, an increase of 0.1 per cent from the preceding month. The extremities of this average were Vancouver West (not West Vancouver) at $2,912,000 and Sunshine Coast at $599,100. (Note: I include the Sunshine Coast only as a factor in the average, but do not report on housing prices in this area because it is to far away for my clients). The three municipalities closest to the benchmark on the higher side of the average were: Port Moody at $1,427,400, an increase of 1.5 per cent from the preceding month; Richmond at $1,484,600, a decrease of 1.3 per cent from the preceding month; Burnaby South at $1,496,100, a decrease of 0.8 per cent from the preceding month. The three municipalities closest to benchmark on the lower side of the average were: Burnaby North at $$1,399,800, a decrease of 0.6 per cent from the preceding month; Vancouver East at $1,350,100, an increase of 0.2 per cent from the preceding month.

Townhouses
The benchmark price for townhouse in Greater Vancouver at the end of June was $774,700, a decrease of 1.4 per cent from the preceding month. The extremities of this average were Vancouver West at $1,125,800 and Maple Ridge at $529,900. The three municipalities closest to the benchmark on the higher side of the average were: Richmond at $779,200, an increase of 0.3 per cent from the preceding month; Vancouver East at $861,500, a decrease of 1.4 per cent from the preceding month, Note: I excluded Whistler here at $881,000, because it is to far way for my clients); and North Vancouver at $946,600, a decrease of 0.7 per cent from the preceding month. The three municipalities closest to benchmark on the lower side of the average were: Burnaby South at $762,600, a decrease of 2,4 per cent from the preceding month; Burnaby North at $725,500, a decrease of 0.7 per cent from the preceding month; and New Westminster at $721,500, an increase of 0.9 per cent from the preceding month.

Condominiums
The benchmark price for a condominium in Greater Vancouver at the end of June was $654,700, a decrease of 1.4 per cent from the preceding month. The extremities of this average were West Vancouver at $1.034, 500 and Maple Ridge at $355,200. The three municipalities closest to the benchmark on the higher side of the average were: Burnaby South at $666,200, a decrease of 1.5 per cent from the preceding month; Burnaby East at $736,100, a decrease of 1.6 per cent from the preceding month; and Vancouver West (not West Vancouver) at $744,300, a decrease of 1.9 per cent form the preceding month. The three municipalities closest to benchmark on the lower side of the average were: Richmond at $628,500, a decrease of 1.5 per cent from the preceding month; Port Moody at $619,800, a decrease of 1.7 per cent from the preceding month; and Burnaby North at $607,800, a decrease of 1.2 per cent from the preceding month.

I can help in other ways
I am active in many areas of real estate so please don’t hesitate to ask me if there are other ways in which I can help you. My experience in banking and finance will assist you in your mortgage planning. Or you if are already settled in your home and are thinking of renovations, I can recommend reputable tradespeople who provide quality work at a reasonable rates. It gives me great pleasure to help my clients in any way I can.

Please contact me with any questions you may have.

Thanks for reading!

Sibo Zhang 

Overall Prices Remain Stable – Supply Has Increased, Big Sales Jump in May

The first thing I want to point out this month is that there was very little change in the overall residential market price average in Metro Vancouver. At the end of May, the composite benchmark price for all residential homes in Metro Vancouver was $1,006,400, a slight increase of 0.4 per cent from April. In the same period, the total inventory of listed homes rose to 14,685, an increase of 2.3 per cent from one month earlier. In fact, the increase in the number of listings in the past month was 2.1 per cent higher than in the previous month. For prospective home buyers this signals an excellent time to make an offer on the home you have been waiting for. You have a big choice of properties, and the statistics tell us that prices overall are still reasonably stable. It also appears like others are beginning to recognize this is a good time to buy. The number of actual sales in Metro Vancouver in May was a 44.2 per cent increase of homes sold in April. So, I would encourage you to make a purchasing decision now if you have been sitting on the fence, or seriously start looking if you haven’t taken advantage of the summer-like weather upon us now.

The Greater Vancouver region has some very nice properties listed now, and at much more attractive prices than you would have seen a year ago. All this of course is due to the price declines following the multiple taxes and mortgage constraints launched in 2018. The desired effect to cool a hot market and dampen rapidly escalating prices has been achieved. With the general benchmark price hovering around $1,000,000 – a psychological price threshold I have always watched closely – it may be prudent to ask if a price bottom has been reached. Think about this when you take a look at a property you are interested in. You can use the $1-million benchmark to compare what you think of a particular property listed in any specific area of the city. Below you have the benchmark comparisons in my monthly selections for you.

Detached Homes

The benchmark price for a single-family detached home in Greater Vancouver at the end of May was $1,006,400, a decrease of 0.4 per cent from the preceding month. The extremities of this average were Vancouver West (not West Vancouver) at $2,927,600 and Sunshine Coast at $600,300. (Note I include the Sunshine Coast only as a factor in the average, but do not report on housing prices in this area because it is to far away for my clients). The three municipalities closest to the benchmark on the higher side of the average were: Richmond at $1,503,700 a decrease of 1.8 per cent from the preceding month; Burnaby South at $1,508,100, a decrease of 1.5 per cent from the preceding month; and North Vancouver at $1,508,300, a decrease of 0.2 per cent from the preceding month. The three municipalities closest to benchmark on the lower side of the average were: Burnaby North at $1,407,600, an increase of 1.1 per cent from the preceding month; Port Moody at $1,405,700, an increase of 2.9 per cent from the preceding month; and Vancouver East at $1,347,000, a decrease of 0.7 per cent from the preceding month.

Townhouses

The benchmark price for a townhouse in Greater Vancouver at the end of May was $779,400, an increase of 0.6 per cent from the preceding month. The extremities of this average were Vancouver West (not West Vancouver) at $1,022,700 and Maple Ridge at $545,200. The three municipalities closest to the benchmark on the higher side of the average were: Burnaby South at $781,500, an increase of 1.7 per cent from the preceding month; Vancouver East at $873,700, an increase of 0.6 per cent from the preceding month; and North Vancouver at $953,200, an increase of 0.7 per cent from the preceding month;. The three municipalities closest to the benchmark on the lower side of the average were: Richmond at $776,700, an increase of 0.2 per cent from the preceding month; Burnaby North at $730,300, an increase of 3.0 per cent from the preceding month; and New Westminster at $715, a decrease of 2.3 per cent from the preceding month.

Condominiums

The benchmark price for a condominium in Greater Vancouver at the end of May was $664,200, a decrease of 0.5 per cent from the preceding month. The extremities of the average were West Vancouver at $1,022,700 and Maple Ridge at $350,700. The three municipalities closest to the benchmark on the higher side of the average were: Burnaby South at $676,400, a decrease of 0.4 per cent from the preceding month; Burnaby East at $748,100, a decrease of 0.9 per cent from the preceding month; and Vancouver West (not West Vancouver) at $785,500, a decrease of 0.8 per cent from the preceding month. The three municipalities closest to the benchmark on the lower side of the average were: Richmond at $637,900, a decrease of 0.2 per cent from the preceding month; Por Moody at $630,600, a decrease of 0.4 per cent from the preceding month; and Burnaby North at $615,100, an increase of 0.5 per cent from the preceding month.

Please ask how I can help

As I remind you in the space each month, I do enjoy seeing my clients achieve their goals in the housing market. For those of you who are thinking about renovating for your personal pleasure, or in preparation of listing your property for sale, it’s always important to maximize the value of your home. I have excellent contacts among reliable and honest tradespeople who can provide excellent workmanship for any renovation project. Let me know if I can help you in this way. I can also provide you with a comparative market evaluation of your home so you can determine the budget for your renovation most effectively.

Thanks for reading!

Sibo Zhang, REALTOR®

Please contact me for more information

604-779-7992

sibo.zhang@gmail.com

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Notable Price Drops, New Listings Jump Dramatically in January

With the first month of the year behind us, I want to point out something interesting that typically happens during the month of January. I call it a belated Christmas present to home buyers. I have noticed that home sellers tend to drop their asking price at this time of year and current market data appear to support this. As you scan the sample benchmark price comparisons below, you can see some higher than usual price declines from the previous months. Where we have been seeing one-month price declines typically around 1.0 per cent, there are several decreases around 2.0 per cent this past month. And in some particularly notable cases the one-month decline is over 3.0 per cent. Take for example the one-month price decrease of 3.4 for condominiums in Burnaby East or the 2.6 per cent decrease for townhouse in Ladner. Of course, we have been tracking a trend of month-over-month decreases in all residential properties since the middle of last summer when several financial constraints for buyers came into effect, but I suspect the post-Christmas effect has also contributed to some of these exceptional price drops during January. I highly recommend that anyone eager to make a deal with a good purchase price at this time of year take a close look at the benchmarks across all property types listed below.

COMBINED BENCHMARKS

The combined benchmark for all property types in Metro Vancouver at the end of January 2019 was $1,019,600, a decrease of 4.5 per cent from one year earlier, and a 1.2 per cent decrease from the preceding month. In the Fraser Valley the combined benchmark for all property types at the end of January 2019 was $821,100, a decrease of 0.8 per cent from one year earlier and 1.6 per cent decrease from the previous month.

METRO VANCOUVER

Big increase in new property listings

In Metro Vancouver new property listings increased dramatically during January, another excellent reason to look consider a home purchase at this time. There were over 10,000 residential properties on the market at the end of last month. The new listings this past January were an extraordinary 244.6 per cent higher than listings in the preceding month.

Detached Homes

The benchmark price for a single-family detached home in Metro Vancouver at the end of January was $1,453,400, a decrease of 1.7 per cent from the preceding month. The extremities of this average were Vancouver West (not West Vancouver) at $3.049,700 and the Sunshine Coast at $600,000. (Note I include the Sunshine Coast region only as a factor in the average, but I do not report on housing prices in this area because it is to far away for my clients). The three municipalities closest to the benchmark on the higher side of the average were: Port Moody at $1,454,500, a decrease of 2.1 per cent from the previous month; North Vancouver at $1,512,200, a decrease of 1.9 per cent from the preceding month; and Burnaby South at $1,533,700, a decrease of 2.3 per cent from the preceding month. The three municipalities closest to the benchmark on the lower side of the average were: Vancouver East at $1,428,700, a decrease of 1.3 per cent from the preceding month; Burnaby North at $1,415,300, a decrease of 2.3 per cent from the previous month; and Coquitlam at $1,195,000, a decrease of 1.5 per cent from the preceding month.

Townhouses

The benchmark price for a townhouse in Metro Vancouver at the end of January was $800,600, a decrease of 1.1 per cent from the preceding month. The extremities of this average were Vancouver West (not West Vancouver) at $1,216,600 and Maple Ridge at $538,700. The three municipalities closest to the benchmark of the higher side of the average were: Richmond at $808,200, a decrease of 1.4 per cent from the preceding month; Vancouver East at $848,200, a decrease of 0.2 per cent from the preceding month; and North Vancouver at $979,900, a decrease of 1.4 per cent from the preceding month. The three municipalities closest to the benchmark on the lower side of the average were: Burnaby South at $792,800, an increase of 0.3 per cent from the preceding month; Ladner at $740,500, a decrease of 2.6 per cent from the preceding month; and Tsawwassen $732,200, a decrease of 2.2 per cent from the preceding month. (Note: I have not included Whistler in this comparison as it is too far out for my clients)

Condominiums

The benchmark price for a condominium in Metro Vancouver at the end of January was $658,600, a decrease of 0.8 per cent from the preceding month. The extremities of this average were West Vancouver at $1,108,800 and Maple Ridge at $359,500. The three municipalities closest to the benchmark on the higher side of the average were: Burnaby South at $687,900, an increase of 0.3 per cent from the preceding month; Burnaby East at $743,900, a 3.4 per cent decrease from the preceding month; and Vancouver West (not West Vancouver) at $783,400, no change from the preceding month. The three municipalities closest to the benchmark on the lower side of the average were: Richmond at $657,500, a decrease of 1.6 per cent from the preceding month; Port Moody at $629,400, an increase of 0.3 per cent from the preceding month; and Burnaby North at $606,400, a decrease of 2.0 per cent from the preceding month.

FRASER VALLEY

Even bigger Increase in new listings

New listings in the Fraser Valley in January made an even bigger jump than in Metro Vancouver. Fraser Valley new listings hit a 266.7 per cent increase over new listings in the preceding month. This brought the total Fraser Valley residential listings to nearly 6,000, making it an ideal time for buyers to look at the market and take advantage of the current month-over-month price drops. Keep in mind that newly listed properties in the Fraser Valley typically do not stay on the market for a long time. During this past January, single family homes remained on the market for an average of 55 days. Townhouses averaged 44 days and condominiums 45 days. It’s also notable that last month, for the first time, condominiums outsold detached homes in the Valley. The Fraser Valley remains a highly desirable area for young families and singles making their first home purchase. I highly recommend taking a look for a good deal at this time.

Detached Homes

The benchmark price for a single-family detached home in the Fraser Valley at the end of January was $954,100, a decrease of 1.2 per cent from the preceding month. The extremities of this average were South Surrey/White Rock at $1,351,300 and Mission at $662,700. The three municipalities closest to the benchmark on the higher side of the average were: North Surrey at $956,400 a decrease of 1.8 per cent from the preceding month; Cloverdale at $978,700, a decrease of 0.4 per cent from the preceding month; and Langley at $980,300, a decrease of 2.3 per cent from the preceding month. The three municipalities closest to the benchmark on the lower side of the average were: North Delta at $879,600, a decrease of 0.9 per cent from the preceding month; Abbotsford at $777,900, a decrease of 1.9 per cent from the preceding month; and Mission at $662,700, an increase of 1.7 per cent from the preceding month.

Townhouses

The benchmark price for a townhouse in the Fraser Valley at the end of January was $522,100, a decrease of 1.9 per cent from the preceding month. The extremities of this average were South Surrey/White Rock at $669,000 and Abbotsford at $377,100. The three municipalities closest to the benchmark on the higher side of the average were: Cloverdale at $532,400, a decrease of 3.3 per cent from the preceding month; North Surrey at $569,200, a decrease of 1.5 per cent from the preceding month; and Surrey at $569,900, a decrease of 1.9 per cent from the preceding month. The three municipalities closest to the benchmark on the lower side of the average were: Langley at $485,000, a decrease of 2.0 per cent from the preceding month; Mission at $451,500, a decrease of 1.0 per cent; and Abbotsford at $377,100, a decrease of 1.6 per cent from the preceding month.

Condominiums

The benchmark price for a condominium in the Fraser Valley at the end of January was $409,000, a decrease of 2.2 per cent from the preceding month. The extremities of this average were South Surrey/White Rock at $481,000 and Abbotsford at $307,000. The three municipalities closest to the benchmark on the higher side of the average were: Surrey at $417,900, a decrease of 2.4 per cent from the preceding month; Cloverdale at $454,400, a decrease of 2.9 per cent from the preceding month; and South Surrey/White Rock at $481,000, a decrease of 3.8 per cent from the preceding month. The three municipalities closest to the benchmark on the lower side of the average were: Langley at $408,800, a decrease of 1.0 per cent from the preceding month; North Surry at $400,800, a decrease of 2.1 per cent from the preceding month; and North Delta at $391,000, a decrease of 2.2 per cent from the preceding month.

I can help

Please feel free to call me if you need help with any decision making, or if you just want to chat about market conditions in general. If you need specific information on a particular property or neighbourhood, I am more than happy to do an analysis of the area of you. I also have professional experience in banking and finance and will gladly guide you through your mortgage requirements.

Thanks for reading!

Sibo Zhang, REALTOR®

Declining Prices Continue Into the New Year

A new year is upon us, and I welcome you back from the holiday season just past.

Everyone is wondering of course, what the residential market will do in the year ahead of us. It’s natural to want to gaze into the proverbial crystal ball to predict the future. And while I’m afraid I don’t have such a fortune telling device, I can advise you on the trend that is continuing from the end of last year.

In general, average home prices (benchmarks) are showing slight declines each month, although there are still minor upticks here and there, which is normal in any active market. Looking back at 2018 we can see the skyrocketing prices that had been occurring since 2016 suddenly peaked at the end of June last year. They have been declining in small increments each month since. We can safely surmise that this dramatic reversal resulted from government measures to cool the market: provincial foreign ownership and speculation taxes combined with new federal rules for stricter mortgage qualification.

Add to all this, higher variable mortgage rates pushed up by Canada’s central bank’s rising interest rates and it’s easy to see why prices are dropping. In the last six months of 2018, the cumulative decline was 6.5 per cent.

Forecasts and current trends

The first thing I will say about this trend is that there is no reason to think it will not continue into the near future. But exactly how long is anybody’s guess. I want to be very upfront with you about this. I will not tell anyone to list or buy at a specific time based solely on market statistics for two reasons: First, even an educated guess is still a guess, and two (more importantly), there are many personal and individual factors that need to be taken into consideration in such an important transaction. What I am able to do for my clients during a period of indecision is to help them evaluate what their needs are, both financial and for living accommodations, and how to develop a sound strategic plan based on their individual circumstances. This may be something like setting a threshold or target price to wait for, or a preparing a comparative market analysis on a property you are considering at the present time. I have also been able to assist clients in deciding on renovations that will help to maximize their value when they decide to sell; or to help prospective buyers with the features they want for their individual tastes.

Newsletter in 2019

I will continue to provide a monthly snapshot of benchmark prices for all property types across the Lower Mainland based on the latest statistics. I know readers like to watch these monthly changes in average prices. The cooling market has shifted from a sellers’ market to a buyers’ market since July last year, meaning that buyers don’t have to make offers frantically, as they did when the prices were soaring. A couple of statistics that I will include in this new environment are one-year and ten-year comparisons so you can get some idea of what the current benchmarks mean during this current period.

Combined Benchmark

The combined benchmark for all property types in Metro Vancouver at the end of December 2018 was $1.032,400, a decrease 2.7 per cent decrease from one year earlier, and a 0.9 decrease from the preceding month. This benchmark price is 102.5 per cent higher than 10 years ago. In the Fraser Valley the combined benchmark for all property types at the end of 2018 was $834,700, an increase of 2.5 per cent from one year earlier and a 0.8 per cent decline from the previous month. This benchmark price is 97.0 per cent higher than 10 years ago.

METRO VANCOUVER BENCHMARKS

Detached Homes

The benchmark price for a single family detached home in Metro Vancouver at end of December 2018 was $1,479,7000, a decrease of 1.4 per cent from the preceding month. The extremities of this average were Vancouver West (not West Vancouver) at $3,138,400 and the Sunshine Coast at $613,700. (Note I include the region only as a factor in the average, but I do not report on housing prices in this area because it is to far away for my clients). The three municipalities with benchmarks closest on the higher side of the average were: Port Moody at $1,485,300, a decrease of 0.9 per cent from the preceding month; North Vancouver at $1,569,800, a decrease of 2.6 per cent from the preceding month; and Burnaby South at $1,569,800, a decline of 2.6 per cent from the preceding month. The three municipalities closest to the benchmark on the lower side of the average were: Burnaby North at $1,448,900, a decrease of 1.4 per cent from the preceding month; Vancouver East at $1,447,300, a decrease of 1.6 per cent from the preceding month; and Coquitlam at $1,214,300, a decrease of 1.3 per cent from the preceding month.

Townhouses

The benchmark price for a townhouse in Metro Vancouver at the end of December 2018 was $809,700, a decrease of 1.1 per cent from the preceding month. The extremities of the average were Vancouver West (not West Vancouver) at $1,140,900 and Maple Ridge at $360,800. The three municipalities closest on the higher side of this average were: Richmond at $819,800, a decrease of 2.4 per cent from the preceding month; Vancouver East $850,000, an increase of 2.3 per cent from the preceding month; and North Vancouver at $994,300, a decrease of 2.0 per cent from the preceding month. The three municipalities closest on the lower side of this average were: Burnaby South at $790,800, a decrease of 0.9 per cent from the preceding month; Ladner at $760,500, a decrease of 1.2 per cent from the preceding month; and Tsawwassen at $748,800, an increase of 1.3 per cent from the preceding month.

Condominiums

The benchmark price for condominium in Metro Vancouver at the end of December 2018 was $664,100, a decrease of 0.6 per cent from the previous month. The extremities of the average were West Vancouver at $1,140,900 and Maple Ridge at $360,800. The three municipalities closest on the higher side of this average were: Richmond at $668,500, an increase of 1.5 per cent from the preceding month; Burnaby South at $685,700, a decrease of 0.6 per cent from the preceding month; and Burnaby East at $770,300, an increase of 1.0 per cent from the preceding month. The three municipalities closest on the lower side of this average were: Port Moody at $627,300, a decrease of 2.9 per cent from the preceding month; Burnaby North at $619,100, a decrease of 2.1 per cent from the preceding month; and North Vancouver at $567,300, a decrease of 1.2 per cent from the preceding month.

FRASER VALLEY BENCHMARKS

Detached Homes

The benchmark price for a detached home in the Fraser Valley at the end of December was $965,300, a decrease of 1.1 per cent from the previous month. The extremities of this average were South Surrey/White Rock at $674,100 and Mission at $651,900. The three municipalities closest on the higher side of this average were North Surrey at $973,500, a decrease of 0.6 per cent from the preceding month; Cloverdale at $982,200, an increase of 0.1 per cent from the preceding month; and Langley at $1,003,000, a decrease of 0.6 per cent from the preceding month. The three municipalities closest on the lower side of this average were: North Delta at $887,800, a decrease of 2.8 per cent from the preceding month; Abbotsford at $792,600, a decrease of 1.3 per cent from the preceding month; and Mission at $651,900, a decrease of 0.4 per cent from the preceding month.

Townhouses

The benchmark price for a townhouse in the Fraser Valley at the end of December was $531,900, a decrease of 0.2 per cent from the preceding month. The extremities of this average were South Surrey/White Rock at $572,100 and Abbotsford at $314,000. The three municipalities closest on the higher side of this average were: Cloverdale at $550,400, a decrease of 0.9 per cent from the preceding month; North Surrey at $577,600, a decrease of 1.9 per cent from the preceding month; and Surrey at $581,000, an increase of 0.5 per cent from the preceding month. The three municipalities closest on the lower side of this average were: Langley at $494,700, a decrease of 0.4 per cent from the preceding month; Mission at $455,900, an increase of 2.7 per cent from the preceding month; and Abbotsford at $383,400, a decrease of 2.1 per cent from the preceding month.

Condominiums

The benchmark price for a condominium in the Fraser Valley at the end of December was $418,300, a decrease of 1.0 per cent from the preceding month. The extremities of this average were South Surrey/White Rock at $500,100 and Abbotsford at $314,000. The three municipalities closest on the higher side of this average were: Surrey at $428,200, a decrease of 0.9 per cent from the preceding month; Cloverdale at $468,100, a decrease of 0.7 per cent from the preceding month; and South Surrey/ White Rock at $500,100, a decrease of 1.2 per cent from the preceding month. The three municipalities closest on the lower side of this average were: Langley at $413,100, a decrease of 0.9 per cent from the preceding month; North Surrey at $409,600, a decrease of 1.0 per cent from the preceding month; and North Delta at $400,000, a decrease of 0.8 per cent from the preceding month.

QUESTIONS? PLEASE LET ME KNOW

Please remember, I make my family home in Surrey and we are proud to see our city grow with the neighbourhood amenities that make for a wonderful life here. I am here to help with whatever your real estate needs may be. As a consistently recognized top-tier realtor, and with experience in finance, banking and real estate sales, I am happy to advise you, without pressure, so you can make a choice that will lead to your long-term happiness. Please let me know if I can help.

With my wife and two children, we wish you the very best for 2019.

End of the year, beginning of another

As we approach the end of 2018, I want to first thank my clients and others of you who have been my regular readers throughout the year. In addition to my monthly newsletter on real estate market activity in the Lower Mainland, it has been a pleasure to provide you with two personal blogs each month on a variety of topics normally about life in Surrey, where I live with my wife and two sons, and where I focus on my real estate business. My blog has given me the opportunity to get to research and appreciate the many amenities in Surrey that make our family life most enjoyable here, and also to provide an opportunity for the many people I meet in the course of my work to get to know me a bit better through my opinions and observations that have been expressed in this space. Among the benefits of generating a regular blog is not only for the information that readers can use in some practical way, but also as a way for me to stay involved in the life of my community and hopefully contribute, even If only in small way, to the quality of life we enjoy in our neighborhoods and in our city as a whole. I certainly hope that this will continue in the new year almost upon us.

End of my blog

When I meet anyone among my great circle of friends and acquaintances in the cafes, malls, and streets around our city I hope we will always have time to discuss the many topics that affect our dynamic and growing city. I will be looking forward to that very much because I’m afraid that the growing constraints on my time are not going to allow me to continue writing this twice-monthly missive in the new year. I will miss the opportunity to comment here as I have been doing for the past year; however, I must consider the many things that I need to attend to, and the needs of my growing list of real estate clients will be my communications priority. This means I will be continuing with my newsletter where I will analyze the changing market conditions each month, and offer advice based on market trends and a sound quantitative approach to the real estate conditions across the lower mainland. I know my clients appreciate the kind of information that I am capable of deriving from statistical data. This has been my formal educational training, and by combining it with my business experience in finance, investing and, real estate sales transactions both in residential and commercial properties, I believe this is where I can generate the greatest value for you. At the same time, I do not want to ignore the positive feedback I have received from my blog readers, particularly on civic topics of concern to Surrey residents. So, you can expect to find from time to time a commentary from me in other media as I continue to be an active and proud Surrey resident. This past year, for example, I had a commentary published by Surrey604 – a great website source of news and views about Surrey events – our famous Little League team from Whalley Sports Field that went all the to the World Little League championship in 2018. This made us all proud, and it’s the kind of event that I hope to write about when there’s an opportunity to give deserved kudos to a Surrey organization.

Merry Christmas and Happy New Year

I want to wish everyone a very Merry Christmas and also most prosperous and Happy Year. From my wife Cindy and my two sons Warren and Kingston, we send heartfelt best wishes to everyone we know and appreciate so much.

Thanks for reading!

Sibo Zhang, REALTOR®

Christmas lights and delights across the Lower Mainland

With the arrival of December everyone is getting prepared for the Christmas season. The malls are crowded, the Christmas shopping is getting into high gear, kids are clamouring for pictures with Santa, and families are preparing to get together during the holidays between Christmas and New Year’s. This year I have selected what I think are really memorable sites to see with your family this month. There are some really spectacular light shows and fun events all around the Greater Vancouver area. Here is a selection in different areas of the Lower Mainland.

Langley

For families living east of Surrey, there is Glow Christmas in Langley, which is the only major Christmas attraction in the Fraser Valley apart from some smaller attractions in Chilliwack. This indoor event started last year and is certain to inspire some Christmas joy. Located in the Milner Centre Greenhouse at 6690 216th Street I Langley. Glow Christmas features a giant light tunnel and light maze, live music and market along with all sorts of displays. It will be operating throughout December and beyond to January 19, 2019 Hours of operation are from 4 pm to 10 pm (on Saturdays opening one hour earlier). Note that it closes at 9 pm on the final six days of the season and will also be closed on Christmas Eve, Christmas Day, New Year’s Day and every Sundays.

Coquitlam

For residents in Coquitlam and the Tri-Cities area, the Lights at Lafarge is a beautiful event, and it’s free so families will certainly enjoy the evening event at Lafarge Lake in Town Centre Park at the corner of Guildford Way and Pinetree Way in Coquitlam. If you don’t want to drive, it’s easy to reach from the Lafarge-Douglas Skytrain Station. The spectacular array of lights all around the Lake should be on between 4:30 pm and 11 pm every day except New Year’s Eve, and is expected to run until mid-January.

Surrey

Starting with Surrey, I recommend the miniature train ride through the Christmas Forest at Bear Creek Park, 13750 – 88th Avenue. The Santa Express runs each day this month (except Christmas and Boxing Day) from 10 am to 4 pm. Younger children will be able to visit with Santa while waiting on the platform for the train ride, and for those who are old enough to stay up later, the Christmas Night Train will run from 6 pm to 10 pm Wednesdays to Sundays.

Burnaby

Deer Park Lake in Burnaby is a lovely place to go for walk with your family during December during the day time when it’s sunny; and an afternoon or evening stop at Heritage Christmas at Burnaby Village will be a delightful occasion for everyone. It’s free at this time of year and will be open to guests until January You will certainly enjoy its festive feeling if you go in the evening when it’s brightly lit with seasonal lights.

Richmond

A bit farther south in Richmond, you can find Steveston Village’s Festival of Trees at the Gulf of Georgia Cannery. This National Historic Site has decorated trees at Christmas which are truly festive. There are also artistic showcases for local community and business and craft activity for the kids is regular activity each year. Cannery National Historic Site in Richmond’s Steveston Village in December. The event runs from December 1st to 31st every day except for Christmas Day and Boxing Day from 10 am to 5 pm (although until just 2 pm on December 24th and 31st). Admission (subject to change) is: Adults $11.70; Seniors (65+) $10.05; Youth under 17 free. Admission on (Sundays) December 2nd, 9th, and 16th between 10 am and 3 pm is free and there is also the Cannery Farmers Market.

Vancouver

Heading into Vancouver, you should not miss VanDusen Botanical Garden’s festival of lights at 5151 Oak Street. This Christmas display is awe-inspiring with over 1 million lights across 15 acres of gardens. It is a wonderful attraction for the whole family, young and old, running throughout December to January 6. I the New Year. Tickets are priced differently depending on when you go and for different ages: Around $20 for adults, $15 for seniors and youth, and $12 for children ages 3-12, all plus or minus when and how you purchase your tickets.

Also in Vancouver’s Stanley Park the magical Bright Nights in Stanley Park returns every day throughout December until January 6, 2019 (except Christmas Day). This is one of the most popular places in the whole lower mainland to take children so your family is sure to love this annual event. It is open from 3 pm to 10 pm. It is located in Stanley Park just off Pipeline Road in the middle of the park. Admission is by donation, ($5.00 suggested).

Open most days during the holiday season from around 3 until 10 pm, Bright Nights probably features the most lights of any attraction in Metro Vancouver, as well as wonderful Christmas character displays and festive cheer. Of course, the miniature train is the most eagerly desired attraction for the little kids. The 12 minute ride requires a purchased ticked but is fun for all ages. If you have a very young toddler you may want to catch a matinee train during the day. The evening train is a bit more expensive but includes live performers, and the lights are spectacular.

North Vancouver

Everyone knows about the Capilano Suspension Bridge in North Vancouver. But do you know that throughout December to January 27th 2019. It is fantastically decorated for its Canyon Lights festivities, with lights from the canyon ground and way up above the river among the trees. This is a incredibly beautiful attraction that is well worth the trip to the North Shore if you don’t already live there. For BC residents you can get an annual pass for the price of regular admission which will let you return to this spectacular place throughout the whole year, including next years Canyon Lights event.

Thanks for reading!

Sibo Zhang, REALTOR®

BC’s Referendum on Electoral Reform

For some reason I can’t stop thinking about something called the Pareto Principle these days. I guess it has to do with my training in statistics, and the current referendum on BC’s electoral reform. I’m not going to tell anyone here on how I think they should vote, but I do encourage all eligible voters to get their votes in the mail in time. The deadline has been extended from November 30 to December 7 because of postal service disruption. There is of course a good civic responsibility argument to made for voting, but that’s not the primary reason why I hope the referendum will get a high percentage of voter participation.

Let me explain why the Pareto Principle is important.

The 80/20 rule

Often called the 80/20 rule, the Pareto Principle refers to a division frequently-found in many fields. It is not really a rule, as that would suggest it must occur. It’s probably best described as an observation that holds true in an approximate way in many circumstances. For example, the man who discovered it, an 19th Century Italian economist named Vilfredo Pareto, noticed that about 20 per cent of Italy’s population owned close to 80 per cent of the country’s land. A similar comparison was made by the United Nations in the late 20th Century that about 20 per cent of the world’s population controlled about 80 per cent of the world’s wealth. There have been lots of other similar observations. Generalized, these observations say that about 80 per cent of results come from about 20 per cent of the causes. As I mentioned, this is not an absolute rule, but this ratio does turn up in a lot of activities. So, will it be the case in BC’s current referendum on electoral reform?

BC referendum on electoral reform

I am hoping we get a large voter participation our province’s current referendum on our election rules. By this I mean, I hope a lot more than 20 per cent of eligible voters will cast their ballot. If we get only a small portion, say 20 to 30 per cent of eligible voters, and their vote determines the system which the large majority of us will then use, it doesn’t strike me as if the referendum for reform is any better than the election system that is being reformed. The reason we are having this referendum is that a lot of people think our elections typically elect governments which do not reflect the popular vote, that is the total number of votes cast. They point to the current system which is called First Past the Post as the problem. If you happen to be a horse racing fan you will recognize this term. In a race of say 10 horses, the one that passes the finish post first is the winner. That’s pretty simple to understand. In an election which has many electoral ridings, and various political parties represented by different candidates in each riding, it means the winner is the one that has more votes than any other individual candidate. But since there are typically more than two candidates in each riding, it is usually the case that the winner gets elected with less than 50 per cent of the popular vote. When this is extended to all the ridings across the province, then the party that forms the government often has the support of less than 50 per cent of the people who voted. Sometimes the governing party may have as little as 30 per cent or less of the popular vote.

The current Referendum is a vote on whether we should keep the First Past the Post system or if we should also have another way of adding more winners according to a method called Proportional Representation, or Pro-Rep for short. There are three versions of pro-rep a second question on in the Referendum and I am not going to attempt to describe these versions to you. I urge you to read the Referendum questions carefully yourself and make up your own mind. The important thing it that you send in your ballot. Let me explain why.

A spoiled ballot can be better than voter apathy

A big problem with all elections is voter apathy. When only 20 or 30 per cent of the eligible voters cast their vote, we don’t really know what the electorate wants. Regarding the current Referendum, I have heard many people say they don’t understand it and therefore they are not going to vote. For those who may feel the same way, I think it would be better if you mailed in a spoiled ballot rather than not voting at all. If you write on your ballot that you don’t understand it well enough to select from the choices offered, your opinion could still be publicly noted if officials informed the media. But if you don’t vote at all, it just leaves a big question mark about which system you want. A spoiled ballot may not be the best option as a general rule, but it is better than not voting at all because it can provide information on why people didn’t vote. It may not help with the final outcome of the election, but it would help to show that voter apathy was not the problem. It can show that don’t want the Pareto Principle to rule in the Referendum.

Thanks for reading!

Sibo Zhang, REALTOR®

Halloween Events in Surrey

Halloween is nothing if not popular. Last year in this blog space I wrote about the history of this annual celebration, which is a favourite time for scary costumes and “trick or treating” kids collecting candy with door to door visits in their neighbourhoods. As mentioned before, I like this event because it has adapted to new customs throughout many countries since its origin in ancient times. It is now a mix of popular themes from the many ideas that make up the Canadian cultural mosaic. For families with children there are special events on Halloween in areas throughout Metro Vancouver. Whatever your favourite Halloween costume or party theme might be, I’m sure you will be able to find some fun for your whole family this October 31. Here is selection of some of Surrey events to choose from:

Bear Creek Park Train

Children can enjoy the Pumpkin Express at Bear Creek Park. This little train offers a thrilling ride through a forest decorated specially for Halloween. And kids will get a small pumpkin as a treat on the platform to remember the event. If you can’t make it on Halloween, or if you want to keep that day for your own door-to-door trick or treating, you can still catch Woo Woo the train on days leading up to Halloween. enjoy. Here are dates and address: Each day leading to and including Halloween from 10:00 am to 4:30 pm at Bear Creek Park. There is a ticket price of $10. (Address below)

There is also a more frightening train ride for older children called the Scream Train at Bear Creek. On this ride you will experience Chain Saw Charlie and other ghoulish characters. The special effects and sounds along the route through the forest will be just what a thrill-seeking person is looking for on Halloween, but it’s too much for younger kids so keep in mind you have choice depending on the age of your children. Tickets for the Scream Train are $13 per person. The Scream train runs between 6:30 pm and 10 om each day leading up to and including Halloween. Bear Creek Part is at 13759 88th Avenue in Surrey. For more information online: www.bctrains.com/halloween

Potter Houses of Horror

Another Surrey favorite is Potter’s House of Horrors. Once again, these will be two haunted houses to explore. The long-time favorite, Monstrosity 2.0 will be open again with its gothic scariness. This can be a lot of fun for older kids and adults, but I wouldn’t recommend it for young toddlers who could be too frightened by the creatures inside. For youngsters under 10 years old I would recommend the L’il Haunters. However, for the very young even this might be a bit too spooky so I suggest you check it out first before taking in your very young children.

The second haunted house at Potter’s is Devil’s Descent, which opened for the first time last year. This is a more rugged design into mine shafts with rotting wood and machines, along with zombies and other scary monsters. You will need separate tickets for both haunted houses. These are available online which is recommended to avoid line-ups. The Potter Haunted Houses are also open on days leading up to and including Halloween. They are open each day from 4:00 pm to 6:30 pm (this time is recommended for younger kids as it is less scary) and from 7:00 pm to 10:00 pm (for the full frightening version). Located at Potters House, 12530 72nd Avenue, Surrey. You can find more details online at www.pottershouseofhorrors.com.

Not everything on Surrey’s Halloween agenda is just for kids. For teenagers and even adults there are great activities to enjoy on October 31.

Halloween for Teens

At the Surrey Centre Library from 3:30 pm to 5:30 pm teens from 13 to 18 years of age are invited to the free workshop where you can explore the spooky history of Halloween’s ancient origins. This is a free event so teens can enjoy learning about Halloween before they head out for an evening’s fun on October 31.

Halloween for Adults

For older adults 55 and older, there is a Halloween Tea at the Guildford Recreation Centre on October 31 from 1:00 pm to 2:30 pm The cost is only $15 and will get you tea and a light lunch of soup, sandwich and treats complete with live entertainment. And don’t be shy about coming in a costume. There will be prizes for the best ones. Register online at Guildford Recreation Centre with the registration code: 4632039.

Also in the afternoon on October 31, adults 55 and older are invited to the Fleetwood Community Centre for a Halloween Costume Party. This is a costume contest so get your best ideas on and show up between noon and 2:00 pm. There will be lots of fun with halloween music, games and entertainment as well as light food and refreshments. Tickets are $20 and can be purchased online at Fleetwood Community Centre with registration code 4626683.

However, you choose to enjoy Halloween this year, remember that there will be young children on our streets and we need to be extra careful as we drive on October 31. Wishing everyone a safe and fun Halloween 2018.

Thanks for reading!

Sibo Zhang, REALTOR®

August Events in Surrey

Last month I provided a list of things to do in Surrey during the month of July. In this first blog for the month of August, I am doing another list for this month. Our summer weather is encouraging families with kids love to get outside and enjoy activities during the summer vacation, so here are some of Surrey’s fun activities. There are also a number of excellent musical events this month. I have listed their dates and locations for you as well.

Learn to Fish

I often select activities at Green Timbers Urban Forest. It’s one of my favourite places in North Surrey. A quiet park and a lovely lake provide a respite from the traffic and bustle of the city centre and there’s lots of room for the kids to hike or run for healthy exercise. Now there is a instructional program which is a really great activity for parents together with their children aged 5 to 15 Through the efforts of the Freshwater Fisheries Society of BC, you can take their Learn How to Fish lesson. A two-hour session will be beheld on in the evening of August 3 from 6:00 pm to 89:00 pm. The session is great for beginners and will cover the basics of freshwater fishing including hatchery roles, fish identification, tackle, rod rigging, casting and hands-on fishing. You don’t need to come with your own rod because a fishing rods are provided. The lessons will take place rain or shine, but remember that children must be accompanied by their parents. There is no fee, but the program gratefully accepts cash donations. You can meet in Green Timbers Park at the south end of the lake where there will be a blue tent. You must, however, pre-register. Call 604-502-6065 or register online at: https://webreg.surrey.ca/webreg/Activities/ActivitiesAdvSearch.asp

Fun Fridays in Surrey Parks

Surrey’s neighbourhood parks have weekly events each Friday until August 24 from 10:00 am to 1:00 pm. These days are called “Fun Fridays” and the activities for kids are completely free. The activities are designed for young children and each week there is a different theme. There will be special guests and surprises each Friday so your youngster will be eager to attend. Here is where the Fun Fridays are happening: August 3: Theme: Farm Life: Location: Bear Creek Park, 13820 88 Avenue, and Sunnyside Park 15455 26 Avenue.

August 10: Theme: Go Green: Location: A.J. McLellan Park, 16584 62A Avenue, and M.J. Norris Park, 6539 128A Street.

August 17: Theme: Safety: Location: Forsyth Park, 10632 139 Street, And Fun Fun Park, 1472 128 Street.

August 24: Theme: Teddy Bear Picnic: Location: Holly Park, 10706 148 Street, (You may want to bring your favorite stuffed toy.) This is the final wrap up event for the summer.

For more information you can call: 604-501-5050 or email: partnersinparks@surrey.ca

Sounds of Summer Music Series

Free musical events continue throughout August and you can enjoy a variety of music styles at these free outdoor concerts. The music ranges from Bluegrass to New Orleans Jazz all in the beautiful setting of Surrey’s parks. Bring your own folding chair and a blanket if the evening is cool. You can find the performances on the dates below at their respective locations.

August 8: David Sinclair and Keith Bennett. Roots and Blues. 6:30 pm to 8:00 pm. Location: Sullivan Park, 6272 152nd Street.

August 15: Flint and Feather. Rocky Mountain Folk/Pop. 6:30 pm to 8:00 pm. Location: Surrey Nature Centre. 14225 Green Timbers Way.

August 17: True North Troubadours. Peter, Paul and Mary Tribute/60s Folk. 1:00 pm to 2:30 pm. Location: Francis Park. 15951 83 Avenue.

August 22: The Wheat in the Barley. Folk Fusion/Roots. 6:30 pm to 8:00 pm. Location: Historic Stewart Farmhouse, 13723 Crescent Road (additional parking west of 136 St. Crescent Road)

Note: All pets must be on leash  For more information: phone 604-501-5050 or email: partnersinparks@surrey.ca

Music on the Plaza

Here is a series of musical performances that will allow you to enjoy the civic plaza at Surrey’s City hall during August. These Tuesday evening performances are free of charge and feature Jazz, Cuban, Country, and Swing music from 6:30 pm to 8:00 pm. Here’s the performance schedule for the rest of this month:

August 7: Kutapira

August 14: Paul Filek Duo

August 21: Sean Michael Simpson Duo

August 28: Taylor Rae & the Backseat Drivers

Bring your own folding chai and perhaps a blanket to enjoy these free evening performances. For more information contact: Briana Barone at 604-591-4012 or email: BBarone@surrey.ca

Lunch and Lyrics

Another series at the Surrey City Hall civic plaza this month is the daytime concert series from 12:00 pm to 2:00 pm on the following Mondays

August 13 – Bruce Coughlan

August 20 – Bruce Coughlan Duo

August 27 – Beauty Shop Dolls

Bring your lunch or try one of the different food trucks that will be on hand each week.

For more information contact: Briana Barone at 604-591-4012 or email: BBarone@surrey.ca

photo via dailyhive.com

Thanks for reading!

Sibo Zhang, REALTOR®