Tariffs are taxes on imported goods, which can lead to higher costs for businesses and consumers. This creates two competing forces that impact interest rates:

1. Tariffs Can Increase Inflation

   • When imported goods become more expensive, companies pass those costs onto consumers.

   • This can lead to overall price increases, driving inflation up.

   • In response, central banks may raise interest rates to curb inflation.

2. Tariffs Can Slow Economic Growth

   • Higher costs for businesses can lead to reduced hiring, investment, and consumer spending.

   • This weakens economic growth, which might prompt central banks to lower interest rates to stimulate the economy.

What’s Happening Now?

The Bank of Canada recently cut its key policy rate by 25 basis points to 3% on January 29, 2025.
This marks the sixth consecutive rate cut, indicating that policymakers are more concerned about slowing economic growth than rising inflation.

According to a Reuters report:

• The Bank of Canada sees tariffs and trade tensions as a threat to long-term economic stability.

• A prolonged U.S.-Canada trade war could permanently impact GDP levels.

• The recent rate cuts are intended to support growth amid trade uncertainty.

This suggests that if tariffs continue to create economic challenges, further interest rate cuts are possible.

What Does This Mean for Real Estate?

1. Mortgage Rates Could Decrease

   • Lower interest rates often mean lower mortgage rates, making homeownership more affordable.

   • Buyers could borrow more for the same monthly payment.

2. Housing Market Activity May Increase

   • Lower mortgage rates can spur demand, leading to more buyers entering the market.

   • This could create more competition, stabilizing or even increasing home prices.

3. Builders May Benefit from Lower Borrowing Costs

   • Developers financing new projects could see cheaper loan costs, encouraging more construction.

   • This could help increase housing supply, which is needed in many markets.

Final Thoughts

While tariffs can put upward pressure on inflation, their overall impact on the economy may prompt central banks to continue lowering interest rates—at least in the short term. If you’re a buyer, this could mean an opportunity to lock in a lower mortgage rate. For sellers, lower rates could increase buyer demand and stabilize home prices.

With economic conditions shifting, it’s crucial to stay informed and make real estate decisions based on market trends. If you’re considering buying or selling, now may be the time to explore your options.

Would you like more insights on how current economic conditions affect your real estate goals? Let’s connect!

Buying a home that already has a tenant in place can be a great opportunity, whether you’re looking for an investment property or planning to move in later. However, in British Columbia, tenancy laws protect renters' rights, meaning you’ll need to follow specific legal processes if you plan to make changes. Here’s what you should know before purchasing a tenanted property.

1. The Tenancy Stays with the Property

In BC, when a property is sold, the tenancy agreement doesn’t automatically end. The lease remains in place, and the new owner assumes the landlord’s responsibilities under the Residential Tenancy Act (RTA). This means:

• If the tenant has a fixed-term lease, they have the right to stay until the end of the lease term.

• If the tenant is on a month-to-month tenancy, they can remain unless proper notice is given for eviction under legal grounds.

2. Can You Ask the Tenant to Move?

If you’re buying the home to live in (or a close family member is moving in), you may be able to serve a Three-Month Notice to End Tenancy under the following conditions:

• The property is not a multi-unit building (i.e., a condo, apartment, or multiplex with more than one unit).

• You or an immediate family member (parent, child, or spouse) will be living in the home.

This notice must follow strict guidelines, including:

• Providing three full months’ notice to the tenant.

• Paying the tenant one month’s rent as compensation.

• Occupying the property for at least 12 months (otherwise, the previous tenant may file for compensation).

3. What If the Tenant Has a Lease?

If the tenant has a fixed-term lease, you cannot ask them to move until the lease expires. Even if the lease allows for an early termination in the event of a sale, BC tenancy laws override private agreements.

If you need the tenant to leave before the lease ends, you may need to negotiate a mutual agreement with them, which could involve financial compensation.

4. Reviewing the Lease Before You Buy

Before making an offer on a tenanted property, request a copy of:

✅ The lease agreement (to confirm rent, terms, and conditions).

✅ The tenant’s payment history (to check if they are up to date).

✅ Any official notices or disputes with the Residential Tenancy Branch (RTB).

If you’re planning to keep the tenant, this information helps you understand your responsibilities as their new landlord.

5. What Happens to the Security Deposit?

When the property changes hands, the previous owner must transfer the tenant’s security deposit to the new owner. You’ll be responsible for returning it when the tenancy ends.

Make sure to confirm the deposit amount and its interest accrued to avoid disputes later.

6. Buying for Investment? Consider the Risks

If you’re purchasing a tenanted home as an investment, there are additional considerations:

• Rent controls in BC limit how much you can increase the rent annually.

• Eviction rules are strict, and tenants can dispute eviction notices with the RTB.

• Renovations or demolitions require special eviction procedures with four months’ notice and compensation.

Final Thoughts

Buying a home with a tenant in BC requires careful planning. Whether you want to move in or keep the tenant, understanding your legal obligations under the Residential Tenancy Act is crucial.

If you have questions about how a tenanted home might impact your purchase, I’d love to help! Let’s chat about your goals and how to navigate this process smoothly.

These are budget-friendly, easy-to-execute projects that make a big impact on buyer perception.

1. Curb Appeal Boosters

• Paint the Front Door – A fresh coat in a bold yet neutral color (navy, black, or red) adds instant charm.

• Update House Numbers & Mailbox – Modern and cohesive styles make the home feel well-maintained.

• Power Wash Everything – Driveways, sidewalks, fences, and siding will look brand new.

• Add Planters & Fresh Mulch – Lush greenery and a neat landscape create a welcoming first impression.

2. Fresh Paint & Neutral Tones

• Repainting walls in light, neutral tones (beige, greige, warm whites) makes spaces look bigger and move-in ready.

• Focus on entryways, kitchens, and main living areas—these have the biggest impact.

• Refresh baseboards and trim for a polished look.

3. Update Lighting Fixtures

• Swap out outdated light fixtures for modern, budget-friendly options.

• Install brighter LED bulbs to enhance lighting in dark areas.

• Add under-cabinet lighting in the kitchen for a high-end feel.

4. Kitchen Mini-Makeover

• Paint Cabinets – A fresh coat (white, gray, or navy) gives a modern touch.

• New Hardware – Swap out dated handles for sleek black, brass, or brushed nickel.

• Peel-and-Stick Backsplash – Quick, affordable, and adds visual appeal.

• Declutter Counters – Remove small appliances and create a spacious feel.

5. Bathroom Refresh

• Replace dated faucets, towel racks, and light fixtures for an instant upgrade.

• Re-grout or re-caulk tubs, sinks, and tile to look fresh and clean.

• Deep clean glass shower doors or replace them with a new shower curtain.

6. Flooring Fixes

• Deep clean carpets or rent a carpet cleaner to remove stains and odors.

• Use wood floor polish or scratch repair kits to revive hardwoods.

• Install peel-and-stick vinyl flooring over outdated tile for a modern look.

7. Declutter & Depersonalize

• Pack away personal photos, excess furniture, and knick-knacks to help buyers visualize their own belongings.

• Organize closets and pantries—buyers will open them!

• Create open, airy spaces by rearranging furniture for better flow.

8. Smart Home Upgrades

• Install a programmable thermostat (buyers love energy efficiency).

• Upgrade to a modern doorbell camera (security features are appealing).

• Add smart light bulbs that can be controlled via app or voice command.

9. Staging Touches

• Set the dining table with neutral placemats and a simple centerpiece.

• Place white, fluffy towels in bathrooms for a spa-like feel.

• Add throw pillows and cozy blankets to living areas for warmth.

• Use mirrors to reflect light and make small spaces feel larger.

10. Smell & Sound Matter

• Open windows before showings to air out any odors.

• Avoid overpowering candles—opt for subtle scents like vanilla or fresh linen.

• Play soft instrumental music during showings to create a welcoming ambiance.

Spring is often seen as the "prime time" for real estate, but that doesn't mean it’s the only time to sell. If you're thinking about selling your home, you might be wondering whether you should list it now—before the spring market heats up—or wait for the traditional rush.

There are advantages and disadvantages to selling before spring, and the right choice depends on your unique situation. Let’s break it down.

Pros of Selling Before Spring

1. Less Competition, More Buyer Focus

Spring brings a flood of new listings, which means more competition for you, as a seller. If you list your home before the market gets saturated, your property may stand out more to motivated buyers who have fewer options to choose from.

2. More Serious Buyers in the Market

Buyers searching before spring tend to be serious about purchasing, whether due to job relocations, personal life changes, or financial planning for the year ahead. This can lead to stronger offers from motivated buyers who need to move sooner rather than later.

3. Potential for Faster Sales

With fewer homes on the market, well-priced properties in desirable locations may sell faster than during peak seasons when buyers have more choices. If you need to sell quickly, listing before spring could be a smart move.

4. Possible Higher Offers Due to Limited Inventory

Low inventory levels often mean that sellers have more negotiating power. In some cases, multiple offers can still occur even before spring, helping you get the best price possible.

5. Mortgage Rate Considerations

Buyers keep a close eye on mortgage rates, and with rates predicted to decline further, some buyers will want to secure a home before the rush.  Last time we saw a rush to get into the market, we also saw multiple offers.  This could be beneficial for you as a seller, but only if you won't be buying in the same market.  

Cons of Selling Before Spring

1. Fewer Buyers in the Market

While there may be less competition, there are also typically fewer buyers actively searching in winter. Some buyers prefer to wait for spring when more inventory becomes available. If demand is lower, you may need to be more flexible with your pricing or expectations.

2. Weather Can Make Showings Challenging

On the coast, winter weather can make it harder to showcase your home’s curb appeal. Snow, rain, and colder temperatures can make outdoor features less inviting, and fewer daylight hours can impact the overall viewing experience.

3. Market Timing Uncertainty

Real estate markets fluctuate, and while selling before spring may work well in a low-inventory market, some sellers prefer to wait for a surge in buyers during peak season. If you sell too early, you might miss out on a price increase that could come with a busier market.  The type of property you are selling, will aid in this decision.

4. Potentially Lower Sales Price

If there aren’t enough active buyers, you may have to adjust your price or offer incentives to attract interest. While this isn’t always the case, some sellers may find that waiting until demand increases could yield better results.  This will be price point dependent, and your Realtor can advise best for your unique situation.  

5. Limited Time for Pre-Sale Preparations

If you want to sell before spring, you may need to move quickly on home preparations, staging, and marketing. If you were hoping to take your time getting the house in perfect shape both inside and out, waiting until later in the season may be a better option.

Final Thoughts: Is Selling Before Spring Right for You?

Selling your home before spring can be a great strategy if you want to take advantage of lower competition and motivated buyers. However, it’s important to weigh the potential downsides, including fewer buyers and possible weather challenges.  

The best time to sell depends on your personal situation, market conditions, and the type of property you have. If you’re considering listing soon, we can help you determine the right strategy to maximize your home’s value and timing.

Thinking About Selling? Let’s Chat!

Selling your home is one of the biggest financial decisions you’ll make, and having the right professional by your side can make all the difference. While some homeowners consider selling on their own, the reality is that working with a skilled listing agent provides expertise, strategy, and negotiation power that leads to better results.

At Tamara Baltic & Associates, we specialize in helping sellers across Langley, Fraser Valley, and the surrounding areas, ensuring they get top dollar for their properties while making the process as smooth as possible. Here’s why working with a listing agent—especially one with a proven track record —is essential when selling your home.

1. Pricing Strategy: Getting Top Dollar for Your Home

One of the biggest mistakes sellers make is mispricing their home. Overpricing can scare away buyers, while underpricing leaves money on the table. With deep market knowledge and a data-driven approach, we analyze recent sales, market trends, and buyer demand to determine the optimal price for your home—maximizing your return without prolonged time on the market.

2. Expert Marketing to Attract Serious Buyers

The days of just putting a sign on the lawn and hoping for offers are long gone. At Tamara Baltic & Associates, we implement a high-level marketing strategy that includes: ✅ Professional photography & videography ✅ Targeted online advertising (Google, Facebook, Instagram, and TikTok) ✅ Social media promotion to thousands of potential buyers ✅ Email campaigns to my network of buyers and referral partners ✅ Featured placement on top real estate websites ✅ Exclusive luxury and acreage marketing packages (for high-end properties)

This ensures your home stands out in a crowded market, attracting qualified buyers who are ready to make qualified offers.

3. Negotiation Expertise That Protects Your Interests

Navigating offers, counteroffers, and conditions can be overwhelming. As seasoned Realtors we have the right negotiation skills to secure the best possible price, terms, and closing conditions. Whether we’re handling multiple offers or overcoming inspection challenges, we advocate fiercely for your best interests.

4. Managing Showings and Pre-Qualified Buyers

Selling a home while juggling daily life can be stressful. We coordinate all showings based on your flexibility, ensuring only serious and pre-qualified buyers walk through your door. This minimizes disruptions while maximizing your home’s exposure to the right audience.

5. Legal Protection & Hassle-Free Paperwork

Real estate transactions involve legal contracts, disclosures, and timelines that must be met. A simple oversight can lead to costly mistakes.We ensure every document is properly handled, keeping you legally protected and stress-free throughout the process.  We also have a team of 4 admins to ensure the entire process goes off without a hitch. 

6. Seamless Coordination from Listing to Closing

From the moment you decide to sell until you hand over the keys, we manage every detail, including: ✔️ Staging recommendations to enhance appeal ✔️ Coordinating with inspectors and appraisers ✔️ Handling buyer objections and ensuring smooth negotiations ✔️ Managing deadlines and closing paperwork

Selling a home is complex, but with the right listing agent, it doesn’t have to be overwhelming.

Why Choose Tamara Baltic & Associates?

With a 99% referral rate, a strong network of financial advisors, mortgage brokers, and past clients, and an expertise in Acreage, Equestrian, and Luxury homes, we bring unmatched value to sellers looking for a seamless and profitable experience. Whether you’re downsizing, relocating, or selling your family home, we ensure your next move is a success.

Thinking About Selling? Let’s Talk!

If you're considering selling, let’s have a conversation about your goals and how we can help you sell faster, for more money, and with less stress. Contact us today for a no-obligation consultation!

Selling your home is a significant decision, and having a clear plan in place can make all the difference. A Discovery Session is an essential first step in the home-selling process, providing clarity, strategy, and confidence. Here’s why every seller should consider one before listing their home.

What is a Discovery Session?

A Discovery Session is a personalized consultation where we discuss your goals, timeline, and any concerns you have about selling your home. It’s an opportunity to assess your home’s market potential and develop a tailored strategy to ensure a smooth and successful sale.

The Key Benefits of a Discovery Session

1. Understanding Market Conditions

Real estate markets fluctuate based on supply, demand, and economic factors. A Discovery Session provides insights into current trends, neighborhood activity, and buyer expectations, helping you set realistic goals.

2. Customized Selling Strategy

Every home is unique, and a one-size-fits-all approach doesn’t work. During the session, we’ll create a strategy tailored to your property, focusing on pricing, marketing, and staging to maximize its appeal.

3. Pricing Your Home Right

Pricing is crucial to attracting the right buyers. We’ll review recent comparable sales, assess your home’s value, and determine an optimal pricing strategy to position your property competitively in the market.

4. Preparing Your Home for Sale

From curb appeal to minor repairs, small improvements can make a big difference. We’ll identify key areas that could enhance your home’s presentation and increase its desirability to potential buyers.

5. Reducing Stress and Uncertainty

Selling a home involves multiple steps, from listing to closing. A Discovery Session helps you understand what to expect at each stage, reducing stress and making the process more manageable.

6. Addressing Timing and Logistics

If you’re buying another home while selling, timing is crucial. We’ll discuss strategies to align your sale with your purchase, ensuring a seamless transition.

Final Thoughts

A Discovery Session is more than just a meeting—it’s a strategic step toward a successful home sale. If you’re thinking about selling, let’s schedule a session to ensure you’re fully prepared to get the best results.

Thinking of selling? Let’s connect and start planning your next move today!

Buying a new home before selling your current one can be a smart move, but it comes with its share of risks and planning. If managed carefully, this strategy can help you secure your dream home without feeling rushed to sell. Here's how you can minimize financial strain and navigate this approach with confidence.

1. Understand Your Financial Situation Before making any moves, assess your financial health. Calculate your home equity and understand how much capital you can access from your current property. If most of your equity is tied up in your home, you might need alternative financing solutions like a bridge loan or a home equity line of credit (HELOC).

2. Explore Bridge Financing Bridge loans are short-term financing options that help cover the gap between buying your new home and selling your old one. This can provide the funds needed for a down payment while you wait for your current home to sell. However, bridge loans come with higher interest rates, so they should be used strategically.

3. Get a Home Equity Line of Credit (HELOC) A HELOC allows you to borrow against your current home's equity, often with lower interest rates than bridge loans. This revolving credit line can be a flexible way to fund your new purchase while you prepare your home for sale.

4. Secure a Solid Pre-Approval Before buying, work with a trusted mortgage broker to get pre-approved for a mortgage on your new home. A strong pre-approval not only clarifies your budget but also gives you a competitive edge in the market.

5. Hire a Skilled Realtor Partnering with an experienced realtor can make all the difference. A professional can help you price your current home competitively for a quicker sale and negotiate favorable terms on your new purchase, such as extended closing dates.

6. List Your Current Home Strategically Even if you haven't sold your current home, preparing it for sale is crucial. Declutter, stage, and ensure professional photography is done in advance. Consider listing your home once you've found your new property to minimize the time between transactions.

7. Be Prepared for Carrying Two Mortgages If your current home doesn't sell immediately, you may need to carry two mortgages temporarily. Ensure you have a financial buffer in place to manage this scenario without significant strain.

8. Consider Selling with a Sale Contingency In some cases, you can negotiate a sale contingency where your offer on a new home depends on selling your current one. While less attractive to sellers, it can be a safer approach in a balanced market.

9. Plan for the Unexpected Real estate markets can shift, and timelines can change. Build flexibility into your plan, and have a backup strategy, such as renting your current home temporarily or adjusting your purchase timeline.

10. Seek Expert Guidance Buying before selling can be a complex process, but with the right team on your side, it becomes manageable. Consulting with a knowledgeable real estate professional can help you make informed decisions and minimize risk.  

Selling an equestrian property involves more than listing it on the market. Buyers are looking for not just a home but a fully functional lifestyle property. Preparing your acreage to showcase its full potential can make a significant difference in both the sale price and time on the market. We've curated a comprehensive checklist to help you prepare your equestrian property for a successful sale.

1. Enhance Curb Appeal

First impressions matter. Start with the exterior:

• Mow pastures and trim overgrown hedges.

• Repaint or power wash fencing.

• Clear driveways and parking areas of debris.

• Ensure the entrance gate is clean and functional.

2. Maintain Stables and Barns

A well-kept barn speaks volumes about the care of the property:

• Clean stalls thoroughly, including walls and floors.

• Repair or replace broken stall doors, latches, and fixtures.

• Organize tack rooms and storage areas.

• Ensure proper ventilation and lighting in barns.

3. Assess Fencing and Paddocks

Safe, secure fencing is crucial for equestrian buyers:

• Repair or replace damaged fencing.

• Ensure all gates are functional and secure

4. Highlight Riding Facilities

Buyers will be interested in the quality of the riding facilities:

• Harrow arenas, ensuring proper drainage and footing.

• Maintain any round pens or lunging areas.

• If applicable, showcase cross-country courses or trail systems.

5. Prepare the Home

The residential aspect of your property matters too:

• Declutter and stage the home for showings.

• Address any necessary repairs, such as leaky faucets or peeling paint.

• Deep clean all living areas, including windows and carpets.

• Consider neutral decor to appeal to a broader audience.

6. Showcase Equestrian Amenities

Highlight the unique features that make your property stand out:

• Wash racks, grooming stalls, and feed rooms.

• On-site vet areas or quarantine spaces.

• Access to bridle paths or nearby riding trails.

7. Provide Maintenance Records

Transparency builds buyer confidence:

• Prepare records for barn maintenance, fencing upgrades, and any major repairs.

• Include veterinary history for the property’s past use.

8. Market the Lifestyle

Help potential buyers envision the lifestyle your property offers:

• Capture professional photos and videos showcasing all aspects of the property.

• Emphasize proximity to equestrian events, clinics, or training facilities.

• Highlight the peaceful, rural lifestyle with acreage benefits.

9. Work with a Real Estate Professional

Selling an equestrian property requires specialized knowledge. Working with a realtor who understands the unique needs of equestrian buyers ensures your property is marketed effectively to the right audience.

Final Thoughts

Proper preparation can make all the difference in selling your equestrian property successfully. By following this checklist, you’ll be able to present your property in its best light, attract serious buyers, and maximize your sale potential.

Looking to sell your equestrian property in the Fraser Valley? Contact Tamara Baltic for expert guidance and personalized service in showcasing your unique home.

Finding the right school for your children is a top priority when moving to a new home. Langley and the surrounding areas offer a wide range of exceptional educational options, making it an ideal location for families seeking quality education along with beautiful homes. Here's a guide to some of the best schools in the region to help you make an informed decision for your family's next move.

Top Public Schools in Langley

Langley School District (SD35) is well-known for its commitment to student success and innovative learning programs. Some of the standout public schools include:

• R.E. Mountain Secondary School: Known for its International Baccalaureate (IB) program, this school offers a challenging curriculum for high-achieving students.

• Langley Fine Arts School: This unique K-12 school provides specialized education in dance, drama, music, and visual arts.

• Gordon Greenwood Elementary: Recognized for strong academic performance and a supportive learning environment.

• Brookswood Secondary: Offers an Equestrian program for those students involved with, or wanting to learn more about horses, and the different disciplines involved.  

Best Private Schools in Langley

If you're seeking a private education, Langley offers several highly-rated independent schools:

• Langley Christian School: A top choice for families seeking a faith-based education with strong academics and extracurriculars.

• Fraser Valley Elementary School: Offers a personalized learning approach with smaller class sizes and a focus on hands-on learning.

• Credo Christian High School: A respected private school known for its values-based education and excellent graduation rates.

Top Schools in Surrounding Areas

For those considering nearby communities, here are some excellent options:

• Clayton Heights Secondary (Surrey): Known for its modern facilities and strong athletic programs.

• Meadowridge School (Maple Ridge): An IB World School providing rigorous academics from K-12.

• Southridge School (Surrey): A leading independent school with outstanding arts and STEM programs.

Factors to Consider When Choosing a School

When selecting a school for your family, consider the following factors:

• Academic Programs: Look for specialized programs like IB, French Immersion, or Fine Arts.

• Proximity to Home: Reducing commute times can enhance your family's quality of life.

• Extracurricular Activities: Ensure the school offers programs aligned with your child's interests.

• School Rankings and Reviews: Review school performance metrics and parent feedback.

Finding the Perfect Family Home Near Top Schools

If living close to excellent schools is a priority, I can help you find the perfect family home in Langley or nearby communities. As a local expert with 15 years of experience in the Fraser Valley real estate market, I can guide you through finding a home that fits your lifestyle and educational priorities.

Reach out today for personalized real estate advice and let me help you find a home where your family can thrive both academically and personally.

Tamara Baltic & Associates – Specializing in Acreage, Equestrian, and Luxury Properties in Langley and the Fraser Valley.