Rosemary Papp

With over 36 Years Local Experience to Serve You

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I have sold a property at 10 9080 198 ST in Langley.
Maxi home, mini price! Features include spacious livingroom with offset gas fireplace, rich wood tone laminate flooring, laundry centre, large kitchen/eating area has slider door access to all weather covered deck, detached storage unit & fenced yard. Updates include gas furnace, bathroom features recent tub & surround, comfort height toilet, sink & taps. Amenities include the Evergreen Club with full kitchen, social activities, exercise area, well equipped workshop and off leash puppy park. 55+ community lifestyle, 1 small pet ok, Forest Green Estates is close to transit, shops & entertainment. Call soon or this good buy will soon be good bye!
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I have sold a property at 160 9080 198 ST in Langley.
Priced to impress, looks equally good! View this nicely maintained Jersey plan 2 BR rancher with features that include bight, open kitchen, meal nook with slider door access to huge deck, separate laundry centre, gas fireplace that enhances cozy living/diningroom area, vaulted ceilings, skylights, storage ready crawl space. Recent updates include roof, hot water tank, kitchen sink & taps, most appliances, flooring, interior doors and deck railing. Also offering detached storage with power, private, treed yard with walking trail at rear. Amenities include clubhouse & social activities, 55+ community lifestyle, 1 small pet ok and off leash puppy park. Call soon, this good buy will soon be good bye!
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When it comes to mortgage terminology, borrowers often confuse the definitions of the words "term" and "amortization". It's important to understand all of your mortgage components completely to appreciate how they can affect you both now and in the future.

The mortgage term is the block of time that a borrower commits to an agreed-upon mortgage rate and conditions with a particular mortgage lender. The mortgage amortization is the total number of years you're expecting it will take to completely pay off your mortgage. Canada Mortgage and Housing Corporation (CMHC)-insured loans have a maximum amortization of 25 years, while non-CMHC-insured loans can have a longer amortization depending on the lender.

A common mortgage in Canada has a five-year term with a 25-year amortization period. Some borrowers select a longer term – up to ten years for example – with a slightly higher interest rate if they expect to stay in their home for some time while others choose a three or four year term if they're anticipating a move within the foreseeable future, and want to avoid any prepayment penalties.

Before committing to a new loan or renewing your mortgage, let's take the time to compare different mortgage scenarios to find the one that fits both your short-term and long-term housing plans and budget. Simply pick up the phone and call to set up your no-obligation mortgage consultation!

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I have listed a new property at 10 9080 198 ST in Langley.
Maxi home, mini price! Features include spacious livingroom with offset gas fireplace, rich wood tone laminate flooring, laundry centre, large kitchen/eating area has slider door access to all weather covered deck, detached storage unit & fenced yard. Updates include gas furnace, bathroom features recent tub & surround, comfort height toilet, sink & taps. Amenities include the Evergreen Club with full kitchen, social activities, exercise area, well equipped workshop and off leash puppy park. 55+ community lifestyle, 1 small pet ok, Forest Green Estates is close to transit, shops & entertainment. Call soon or this good buy will soon be good bye!
Read Full Story
I have listed a new property at 160 9080 198 ST in Langley.
Priced to impress, looks equally good! View this nicely maintained Jersey plan 2 BR rancher with features that include bight, open kitchen, meal nook with slider door access to huge deck, separate laundry centre, gas fireplace that enhances cozy living/diningroom area, vaulted ceilings, skylights, storage ready crawl space. Recent updates include roof, hot water tank, kitchen sink & taps, most appliances, flooring, interior doors and deck railing. Also offering detached storage with power, private, treed yard with walking trail at rear. Amenities include clubhouse & social activities, 55+ community lifestyle, 1 small pet ok and off leash puppy park. Call soon, this good buy will soon be good bye!
Read Full Story

I have sold a property at 20 9080 198 ST in Langley.
Like a well loved book, the exciting story is inside! Just the room you need, this 2 BR plus den offers a great floor plan and is move in ready, just bring your stuff! Extensively remodeled, updates include grey toned laminate and lino, new bathroom, granite & quartz counters, new white kitchen, SS appliances, french style doors with inset blinds, new entrance deck & stairs....new, new, new! Other features include separate laundry, covered storage, large yard and garden space. This delightful home is located in a park like 55+ gated community, amenities include walking trails, doggy park, clubhouse, RV and visitor parking. Close to shops & transit, call soon or this good buy will soon be good bye!
Read Full Story
I have listed a new property at 10 9080 198 ST in Langley.
Maxi home, mini price! Features include spacious livingroom with offset gas fireplace, rich wood tone laminate flooring, laundry centre, large kitchen/eating area has slider door access to all weather covered deck, detached storage unit & fenced yard. Updates include gas furnace, bathroom features recent tub & surround, comfort height toilet, sink & taps. Amenities include the Evergreen Club with full kitchen, social activities, exercise area, well equipped workshop and off leash puppy park. 55+ community lifestyle, 1 small pet ok, Forest Green Estates is close to transit, shops & entertainment. Call soon or this good buy will soon be good bye!
Read Full Story
I have listed a new property at 160 9080 198 ST in Langley.
Priced to impress, looks equally good! View this nicely maintained Jersey plan 2 BR rancher with features that include bight, open kitchen, meal nook with slider door access to huge deck, separate laundry centre, gas fireplace that enhances cozy living/diningroom area, vaulted ceilings, skylights, storage ready crawl space. Recent updates include roof, hot water tank, kitchen sink & taps, most appliances, flooring, interior doors and deck railing. Also offering detached storage with power, private, treed yard with walking trail at rear. Amenities include clubhouse & social activities, 55+ community lifestyle, 1 small pet ok and off leash puppy park. Call soon, this good buy will soon be good bye!
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Source: Fraser Valley Real Estate Board

SURREY, BC – Consumer demand for real estate in the Fraser Valley continued through May, with overall sales once again reaching record-breaking numbers for the month historically.

The Fraser Valley Real Estate Board processed 2,911 sales on its Multiple Listing Service® (MLS®) in May, an increase of 47.8 per cent compared to May 2015. The previous record for sales processed in a May was set in 2006 at 2,245. However, sales dropped two per cent when compared to April 2016, continuing a slight trend of easing off since sales peaked this spring at 3,006 sales in March.

Of the 2,911 sales processed in May, 615 were townhouses and 557 were apartments, representing a significant portion of May’s market activity and a large increase when compared to May 2015. Townhome transactions increased 56.1 per cent when compared to last year, and apartments reached even higher levels seeing a 112.6 per cent gain.

Charles Wiebe, President of the Board, said of this month’s market data, “Demand is tremendous, still, for detached homes in our region, but it’s encouraging to see that the upward pace of that demand is leveling off.

"However, we’re also seeing the ripple effects as consumers are looking to townhomes and apartments in record numbers. This year, so far, is the busiest those markets have ever been.”

The Board received 3,674 new listings in May, an increase of 22.9 per cent compared to May of last year, and a 6.8 per cent decrease from April 2016. The total active inventory for May was 5,752, down 32.4 per cent from last year’s 8,512 active listings.

Across Fraser Valley, the average number of days to sell a single family detached home in May 2016 was 16 days, compared to 31 days in May 2015.

The MLS® HPI benchmark price of a Fraser Valley single family detached home in May was $834,200, an increase of 38.3 per cent compared to May 2015 when it was $603,100.

In May, the benchmark price of townhouses was $365,000, an increase of 20.4 per cent compared to $303,100 in May 2015. The benchmark price of apartments also increased year-over-year by 17 per cent, going from $192,500 in May 2015 to $225,200 in May 2016.

Find the May Statistics Package here.


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Direct: 778-834-8021
Toll Free: 1-888-707-3577
Rosemary's Email: rosemary@homesinlangley.ca
RE/MAX Treeland Realty
#101 - 6337 198 Street
Langley BC V2Y 2E3
www.HomesinLangley.ca