We are deeply grateful for community.
As we all reflect on the previous years’ crisis it’s clear that the people in our lives – family, friends, neighbours and clients – are the bounty to celebrate. We are so thankful for this life and the people whom enrich it.
We hope you had the chance to safely gather and celebrate the people who enrich yours.
Steven Van Geel and his Cultus Lake Real Estate Team have set another RECORD HIGH SALE inside the Creekside Mills community.
43290 Water Mill Way – 1,789 sq.ft. – Sold for $1,249,000 – 100% of Asking Price!
The Columbia Valley Highway resurfacing and widening improvement project has commenced. Crews have started at the south end of the lake at Frosst Road near Creekside Mills and are working their way north to Sleepy Hollow Road near the Lakeside Market.
Expect delays for the remainder of the month.
When a seller and agent decide to set up an off-market home listing, they intend to share it with a limited audience of potential buyers vs. posting it publically on the Multiple Listing Service (MLS). Various reasons lead to this strategy, but the most common are preserving privacy and testing the market.
This year we’ve been approached by a handful of seller’s interested in off market listings. Why? They trust us, their local neighbouhood realtors who know every corner of this market. Time again, we’ve discreetly marketed their homes to the qualified buyers we know are in the market and have been successful in selling their homes for the highest fair market value.
Our most recent off-market listing at 1876 Ravenwood Trail @ The Cottages generated multiple offers and sold in 1 day!
With such little inventory available in the area, call Steven Van Geel @ 604.376.6445 and ask about his team’s off-market listings. It may be your best shot at securing a home here!
Steven Van Geel and his Cultus Lake Real Estate Team have set another RECORD HIGH SALE inside The Cottages community.
43548 Red Hawk Pass – 1,578 sq.ft. – Sold for $899,000!
When you choose to work with Steven Van Geel on the purchase or sale of your Cultus Lake property, you work with all of us. We know the Cultus Lake demographic because we are it – living right here with you – and we also provide you with:
-local market insight
-10+ years industry experience
-network of buyers/sellers
-record high sale prices
-home staging
-professional photography + video
-content creation + media platform marketing
-personable approach (no suits at the lake )
-honest + reliable customer care
-family business
-continued friendship
If you didn’t catch our social media announcement earlier this month (follow us @cultuslakerealestateteam), Steven Van Geel and his Cultus Lake Real Estate Team officially SOLD OUT of Creekside Mills at Cultus Lake!
Marketing and selling the 129 modern farmhouse community from start to finish was a surreal experience! It’s been rewarding to see that the stories we created for the community at its conception resonated with so many people wanting to be a part of its tale.
We are graciously thankful for the opportunity and trust put in us to successfully market and sell nearly $100 MILLION IN REAL ESTATE!
What is it? It’s not really a test. It’s a set of rules banks must now use to determine if you qualify for a mortgage and, if so, how much you can borrow.
Why Now? Because interest rates are crazy low, the government wants to ensure that you’ll still be able to afford your mortgage payments if and when rates rise.
How Does It Work? Once you’ve applied for a mortgage, your lender looks at your credit score and offers you an interest rate based on that. However, under the stress test this rate won’t be used to determine your eligibility – it will be a much higher rate in order to prove that you can afford a higher payment should rates rise. As of June 1st, the minimum qualifying rate will be the higher of the following:
• The rate offered by your lender based on your credit score plus 2%; or
• 5.25%
Is this a good or a bad thing? This test protects borrowers, like you, from defaulting on your mortgage and possibly losing your home in the future because you couldn’t afford higher payments. There is no way around it; if you have or plan to get a mortgage, the stress test applies to you.
1. Cones- The orange cones are returning this year and
should be installed along the shoulder of the road before July 1st.
2. Paving- Columbia Valley Highway (from Sleepy Hollow Road to the bottom of Frosst Road) will be paved this summer. The scope of work is expected to take around 2-3 weeks, paving Mon-Fri from 7am-7pm with the exception of long weekends.
