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Your Best Life Awaits You at Raicon’s Rydge

Your Best Life Awaits You at Raicon’s Rydge

Maple Ridge has long been revered as nature’s playground, an oasis – away from it all. Nature-inspired, award-winning Raicon’s newest neighbourhood, Rydge, combines the best of both worlds with chic three and four-bedroom townhomes artfully crafted in West Coast architectural styles embraced by tranquillity. Welcome home to Rydge. Inspired by nature, Rydge is a collection of 61 residences, including a basement and an airy upper-floor loft (some plans) and a two-car garage pre-wired for an EV charger. “Situated on a sloping hill, Rydge provides panoramic views and makes for bright homes with tons of natural sunlight,” says Jas Rai, Raicon. “With both elementary schools and secondary schools within walking distance, our versatile three- and four-bedroom homes are designed for families.” Offering 12 different floor plans, these homes pop with fresh style, flood with natural light and have an exciting vibe that you can feel as soon as you walk in the door. Each features exceptional...

Discovering the Benefits of Pre-Sale Real Estate: The Unique Advantage of Mortgage Rate Holds

Discovering the Benefits of Pre-Sale Real Estate: The Unique Advantage of Mortgage Rate Holds

As we say goodbye to Summer and move into September, the real estate market is full of exciting new opportunities, especially in regards to pre-sale real estate. With the recent announcement yesterday that interest rates will remain stable for the time being, it's a prime time to consider investing in a pre-sale property and securing a mortgage rate hold. In this post, we'll dive deeper into why rate holds are a game-changer, and can give you a unique advantage especially in today's real estate landscape.   Why Consider Pre-Sale Real Estate? Before we discuss mortgage rate holds, let's briefly explore the allure of pre-sale real estate. Pre-sales allow buyers the chance to purchase a property before it's completed, often at a lower price compared to the market value at the time of completion. This not only allows for potential appreciation but also provides a sense of financial security in a dynamic market.   Significance of Interest Rates: It’s no secret that interest...

Have You Considered a Pre-Sale as a First-Time Home Buyer?

Have You Considered a Pre-Sale as a First-Time Home Buyer?

A pre-sale home can be a great option for a first-time home buyer for several reasons. Here are some advantages:   Lower prices: Pre-sale homes are usually sold at a discounted price compared to completed homes. Builders often offer special incentives and discounts to attract buyers during the pre-construction phase. As a first-time home buyer, this could help you get into the real estate market at a more affordable price point. Customization: Buying a pre-sale home, depending on the developer, can allow you to have a say in certain design aspects of the home. You may be able to choose certain finishes, materials, and even some floor plan modifications. This level of customization can be appealing, as you can create a living space that suits your preferences and needs. Modern amenities and features: New construction homes typically come equipped with modern amenities, energy-efficient technologies, and the latest building materials. This means you are less likely to encounter...

Is a Pre-Sale Home Right for You?

Is a Pre-Sale Home Right for You?

Buying a home is an exciting time in your life, but it’s also a significant investment that requires careful consideration and planning. When it comes to purchasing a property, there are typically two main options: buying a pre-sale home or purchasing an already-built home. Both have their pros and cons. In this article we wanted to highlight some important factors to consider when purchasing a pre-sale home.   A pre-sale home is a property that is sold before it is built, or while it is still under construction. When you purchase a pre-sale home, you are essentially buying the right to own the property once it is completed. This means that you typically will have to wait for a certain amount of time before you can take possession and move in. However, there are several advantages to buying a pre-sale home that can make the wait worthwhile.   Lower Prices One of the main advantages is that it is usually priced lower than buying an already-built home. Builders often offer...

The Cost of Building: How do Rising Construction Prices Affect Home Builders and Buyers?

The Cost of Building: How do Rising Construction Prices Affect Home Builders and Buyers?

  There’s been much discussion about the rising costs of materials, product shortages and it’s timing with the current phase in inflation. Everything from concrete to flooring, and windows to the shingles on a roof has been affected. This trend has been driven by a combination of factors, including increased demand for housing, supply chain disruptions due to the COVID-19 pandemic, and rising prices for labour and even raw materials like lumber and concrete. If  building, buying or selling real estate in Metro Vancouver or Fraser Valley is on your vision board this year - understanding the outlook on construction costs in 2023 will be an integral part of planning out your projects. To better understand British Columbia’s real estate development and infrastructure construction costs, we’ve put together an overview of cost considerations for building a home in 2023.   Cautious Optimism Despite the turbulence the construction industry has experienced in these last few years,...

Rising Interest Rates – How Does This Impact Your Home Buying Power in 2023?

Rising Interest Rates – How Does This Impact Your Home Buying Power in 2023?

  If you’ve been paying close attention to media headlines, there has been an overwhelming amount of information about rising mortgage interest rates in Canada and how it is affecting affordability of homeownership. For anyone involved in the home buying process, knowledge of the current market is advantageous in easing housing market apprehensions and finding strategies to maximize your or your clients’ real estate investments against inflation trends. We’ve put together an overview on inflation, how to navigate through the effects of higher interest rates and the long term outlook for the Canadian real estate market for 2023/2024. Long Term Housing Market Outlook With rising interest rates peaking, how long before interest rates start declining? It is anticipated that rates will not decline until the inflation rate is down to around 2%. As of December 2022, the inflation rate sits at 6.3%, a decline from the 6.8% in November 2022, and the 8.1% at its peak in June 2022. Even...