Evan Bird Real Estate Blog

So, you're looking at homes for sale in White Rock. Good choice. But let's be real for a second. Trawling through listings is one thing, but actually getting this place? That's a whole different ball game.

White Rock isn't just one big, beautiful postcard. It's a collection of little worlds, each with its own vibe, its own quirks. And finding the right one... well, that's the secret sauce to not just buying a house here, but actually building a life. I've been in and out of these homes for years—not just as a realtor, but as a firefighter and renovator—and I can tell you straight up: the neighbourhood you pick will define your entire experience.

So, let's skip the glossy brochure stuff and talk about what it's really like to live in these spots.

Does the Neighbourhood Really Matter That Much?

You bet it does. People see White Rock's size and think it's all the same. Big mistake. Living hillside versus a stone's throw from the pier are two totally different lives. Your morning coffee run, your weekend plans, where your kids kick a ball around—it all comes down to the pocket you choose. It’s the difference between a life of convenience and a life of, well, constant driving.

And the market reflects that. We've got condos starting in the $300,000s and waterfront places that'll make your eyes water, easily topping $5 million. The diversity in homes for sale in White Rock is huge. The trick is finding the corner that fits you, not just your budget.

East Beach: The Quieter, More Authentic Seaside Vibe

If your idea of beach life is less "tourist hotspot" and more "peaceful morning stroll," then you need to be looking at East Beach. This is where you'll find that classic, almost nostalgic beach-town feel. Think charming little bungalows, low-rise condos with character, and a generally more relaxed pace.

What's the housing like? It's a mixed bag, in a good way. You've got older cottages that have seen decades of history, right next to modern townhomes. You can snag an entry-level condo for a reasonable price, but the detached homes are still going to be in that $1-2 million range. The big win here? The shoreline is calmer. It just feels safer for families with little ones who have a magnetic attraction to the water.

Why families love it: Peace Arch Elementary is a huge draw with its French immersion program. Plus, you've got Semiahmoo Park for running off that kid-energy and the promenade for those long summer evening walks. It just works.

The bottom line: East Beach gives you the authentic White Rock lifestyle without the peak-season chaos of the pier. It’s where the locals go for fish and chips. It feels real.

West Beach (Pier District): Life in the Heart of the Action

Welcome to the main event. The Pier District is the vibrant, beating heart of White Rock. If you want to be where everything is happening, this is it. It’s a mashup of historic cottages and slick, modern developments, all jockeying for the best possible view of Semiahmoo Bay.

Housing and the price of admission: Be prepared. You're paying for the location, and it's a premium one. A modern condo with a killer view? You're likely looking at over a million. Those single-family homes clinging to the hillside can easily climb from $2 million into the stratosphere of $5-10 million. The homes for sale in White Rock's Pier District are a prime investment for a reason—you can practically smell the ocean from your living room.

That hill, though: Let's talk about the elephant in the room: the steep streets. Oxford Street is no joke. But honestly, most people who live here just see it as their daily workout, a small price to pay for waking up to that view. The trade-off is an incredible energy, especially in the summer. There's always something going on.

Who fits in here? Everyone, it seems. Active families who love being able to walk to everything, and retirees who want that resort-style, car-optional life. It’s a lifestyle choice, plain and simple.

Uptown White Rock: The Practical Choice for Urban Souls

For some people, being right on the beach isn't the be-all and end-all. They'd rather have shops, clinics, and the library a few steps from their front door. If that sounds like you, Uptown is your spot. It's the city's commercial hub, built around Johnston Road.

The living situation: Think condos and townhomes. Lots of them. You can find a starter place for around $500k or a penthouse that'll set you back a few million. Big developments like Miramar Village have really changed the game, offering the kind of amenities that pull in young professionals and downsizers alike.

But is it for families? Surprisingly, yes. You trade a backyard for insane convenience. Groceries, parks, the Sunday farmers' market—it's all right there. No more buckling kids into car seats for every little errand.

The downsizer's dream: This is where Uptown really shines. Single-level living, elevators, and the ability to do everything on foot is a massive plus. The Kent Street Activity Centre is a huge social hub, and Peace Arch Hospital is reassuringly close.

Five Corners: The Artsy, Under-the-Radar Gem

Want to know where the locals really love? Five Corners. It's this funky, village-like spot just a few blocks from the water where—you guessed it—five streets meet. It just has a different feel.

What are the homes like? It's eclectic. Cool heritage homes, boutique condo buildings, and cute little bungalows. It’s the kind of place where people buy an older home and pour their heart into renovating it, keeping the neighbourhood's character alive.

The vibe: It’s a true community. People know their neighbours. The local elementary school is a short walk for the kids. They do outdoor movie nights. It’s that kind of place. It’s also the city’s cultural hub, with galleries and the local theatre right there.

Centennial Park & Ruth Johnson Park Area: The Suburban Dream with a Salty Breeze

If you're craving a bigger lot, a classic suburban street, and maybe even a cul-de-sac, this is your zone. It’s the residential area wrapped around White Rock's biggest parks.

What you get: Space. And value. We're mostly talking single-family homes here, many from the 70s and 80s, on generous lots. Prices for detached homes start around $1.5 million and go up from there, especially for renovated places with a view.

A paradise for families: This is a no-brainer. You've got sports fields, tennis courts, an ice rink, and wooded trails practically in your backyard. And you're in the catchment for Semiahmoo Secondary, which is a huge deal for a lot of parents. It’s quiet, it’s safe, and it feels like you're surrounded by nature, even though you're minutes from everything.

So, How Do You Actually Choose?

Every neighbourhood tells a story. The question is, which one is yours? The person who needs that daily beach walk has different priorities than the family who needs top-tier schools, or the retiree who just wants to ditch their car for good.

A few things I always tell my clients:

• Think beyond the mortgage. Property taxes, strata fees, and the simple cost of coastal upkeep (that salt air is relentless) all add up.

• Be brutally honest about your lifestyle. Do you really want to walk everywhere, or do you just like the idea of it? Is a big yard a must-have or a nice-to-have?

• Play the long game. Think about resale. A home near the beach, parks, and good schools will almost always be an easier sell down the road.

• Go hang out there. Seriously. Grab a coffee on a Tuesday morning. Take a walk on a Saturday afternoon. See what it feels like when it’s not just a spot on a map.

What's Next?

Here's the thing: you can't find the right home in White Rock just by scrolling through listings. You need to know which streets get hammered by winter storms, which condo buildings are run well, and which little pockets are undervalued. That's where I come in.

My background as a firefighter and renovator gives me a different lens. I see the things other people miss—the potential problems, the hidden opportunities.

Whether you're just starting out, your family is growing, or you're looking to simplify, the right spot is here waiting for you.

Ready to see some of these homes for sale in White Rock for yourself? Give me a call. Let's talk about what you're looking for, and let's go find it.

Evan Bird is a REALTOR® with Royal LePage Northstar Realty, serving White Rock, South Surrey, and the Fraser Valley. With 20 years of firefighting experience and extensive renovation knowledge, Evan helps families make confident real estate decisions backed by practical expertise.

Everyone is telling you to wait. With mortgage rates hovering between 3.8% and 4.5%, the media still talking about a housing crisis, and the stress test making it harder to qualify, sitting on the sidelines can feel like the only safe bet. But what if the opposite is true? What if this “terrible” market is actually a hidden opportunity for first-time buyers?

As someone who's in the trenches helping families in Surrey, Langley, and White Rock, I see it every day. The current slowdown gives you more power than buyers have had in years—if you know how to use it.

Here's the truth: buying your first home has never been easy. But this moment? It has its own unique advantages if you know where to look.

1. You Have More Choices (and Less Competition)

Let me start with something that might surprise you: despite the scary headlines, you're actually walking into one of the most balanced markets we've seen in years.

Remember the frenzy? The bidding wars, the no-condition offers, the madness? That’s over. The Fraser Valley market has shifted dramatically. Benchmark home prices are down about 5% from last year, and we have more homes for sale than we've seen in a decade.

What does that actually mean for you? More choice, less pressure, and sellers who are actually willing to talk.

Here’s the reality on the ground: only about 9% of listings are selling each month. Homes that would have been snapped up in a weekend two years ago are now sitting for 5-6 weeks. I’ve seen beautiful properties in South Surrey listed around $1.5 million that have been on the market for three months with barely any showings.

This isn't a sign of a crash; it's a sign of a market that's finally breathing again.

2. You Can Actually Negotiate

I know what you’re thinking: "If the market's so slow, maybe I should just wait for prices to drop even more."

It’s a fair question, but here’s where my experience comes in handy. The buyers who try to perfectly time the bottom of the market often miss the forest for the trees. Yes, rates are up. But you’re also shopping in a market where you can take your time. You can ask for an inspection (what a concept!). You can negotiate repairs. You can make an offer without having to waive every condition that protects you.

You’re not behind schedule—you’re being strategic. And that matters more than perfect timing. This is where the current market becomes your biggest ally. With sellers getting frustrated by the lack of action, you have leverage. Use it.

• Subject-to-financing clauses? They’re back. In a seller's market, they were deal-killers. Today, sellers get it.

• Need a longer closing date? Ask for it. It gives you breathing room.

• Inspection found some issues? Great. Let’s ask for a credit or a repair. Sellers are more willing to play ball when they don't have ten other offers waiting.

I’ve seen well-prepared buyers negotiate thousands off the price this fall—things that would have been laughed at two years ago.

3. You Can Be Rate-Savvy (and Still Win)

Alright, let's talk about the elephant in the room: mortgage rates. They’re high. There’s no sugarcoating it. View some on ratehub.ca here.

Since 2022, the Bank of Canada has been on a mission to fight inflation with rate hikes. That’s changed the game for borrowing power. What you could afford in 2021 is a different number today.

And then there’s the mortgage stress test. This is where a lot of first-timers get tripped up. Lenders test you at your contract rate plus 2%. So, even with a competitive 4.2% mortgage rate, you have to prove you can handle payments calculated at 6.2%. It’s a tough hurdle, no doubt.

So, Where Are Rates Headed?

The good news is that most economists, and even the Bank of Canada itself, expect rates to continue their slow downward trend. Major banks are forecasting that the BoC's main policy rate could drop to around 2.25% by the end of 2025.

What does this actually mean for you?

• For Variable Rates: Because variable-rate mortgages are tied directly to the Bank of Canada's rate, there's a good chance they will slowly decline as well.

• For Fixed Rates: These are a bit different, as they're more influenced by the bond market. The forecast here is for a modest drop, but not a dramatic one. The British Columbia Real Estate Association (BCREA), for example, thinks 5-year fixed rates might settle around 4.35% by the end of the year.

Of course, nothing is guaranteed. The Bank of Canada is still watching inflation closely. But the general feeling is that we've likely passed the peak of high rates.

But even with rates where they are, it doesn't mean your dream is impossible. It just means you need to be smarter.

• Get a Rate Hold: If you're serious, get a rate hold now. It protects you from increases for 90-120 days while you shop.

• Look at Credit Unions: BC credit unions can sometimes offer more flexible terms than the big banks, especially if your situation isn't cookie-cutter.

• Consider Longer Amortizations: A 30-year amortization (instead of 25) can lower your monthly payment, making it easier to qualify. Yes, you pay more interest over time, but it can be the difference between buying now and waiting years. Try out this calculator to see estimates.

4. You Can Take Advantage of the "Off-Season"

Here’s a little secret most buyers don’t consider: the season you buy in really matters.

Fall and winter are the "off-season" for real estate. Fewer buyers are out there, which means less competition for you. Sellers who list their homes in November or December are usually very motivated. They might be relocating for a job or need to sell for financial reasons.

Plus, welcome to the West Coast! Fall is the perfect time to see how a house really performs in the rain. You can check for drainage issues, leaky gutters, or a damp basement. These aren't deal-breakers; they're negotiation points. Finding out a roof needs $8,000 in repairs gives you leverage.

5. You Can Focus on What Matters: Your Life

So, should you buy now or wait for spring?

Honestly, there’s no crystal ball. Trying to time the market is like trying to catch lightning in a bottle. Prices might soften a bit more. Or, if the Bank of Canada cuts rates, we could see a flood of buyers return, pushing prices right back up.

Here’s what I know after years in this business: if you wait for the "perfect" moment, you might wait forever.

The real question isn't, "Is this the absolute bottom of the market?" The real question is, "Does buying a home right now make sense for my life, my finances, and my long-term goals?" Thankfully, I’ve made it easy for buyers to get a quick assessment through a complimentary strategy buyers call. You can schedule one here.

If you’ve found a place you love, you're financially stable, and you plan to stay for 5+ years, then locking in your housing costs now instead of paying ever-increasing rent might be the smartest move you can make.

Final Thoughts: Confidence Through Preparation

Look, I won't lie—buying your first home when rates are high is tough. The affordability challenges are real.

But prepared buyers succeed in any market. The clients who do their homework, get their financing locked in, and work with a team they trust—they’re the ones who find great homes. They negotiate good deals. They start building equity and a stable future for their families.

High rates don't last forever. But your need for a home is happening right now.

If you're a first-time buyer trying to figure all this out in Surrey, Langley, or White Rock, I'm here to help. Let's sit down, look at your situation, and build a real plan—one based on your goals, not on guessing what the market will do next.

Because the best time to buy your first home isn't when the market is perfect. It's when you're ready.

Let's make it happen.

Evan Bird is a trusted real estate advocate serving the Fraser Valley, bringing unique insights from his background as a firefighter and renovation expert. Whether you're a first-time buyer or looking to upsize, Evan provides dedicated support and local expertise to make your real estate journey stress-free.

📉💰 Six Months of Softening Prices—And What It Means for Your Next Move

The September 2025 real estate statistics are in, and they tell a story that's important whether you're thinking about buying, selling, or simply keeping an eye on your home's value here in the Fraser Valley.

As someone who works daily with families throughout Langley, Surrey, South Surrey, and White Rock I'm seeing firsthand how this market shift is creating real opportunities—but only for those who understand what's actually happening and are prepared to act strategically.

Let me walk you through the numbers and, more importantly, what they mean for you.

📊🤝 The Big Picture: A Clear Buyer's Market

The Fraser Valley Real Estate Board just released September's statistics, and the headline is straightforward: home prices continued their downward trend for the sixth consecutive month, while inventory remains at decade-high levels.

Here are the key numbers:

• Benchmark price for a typical Fraser Valley home: $926,300 (down 1% from August, down 5.4% year-over-year)

• Total sales in September: 962 (up 3% from August, but still 28% below the 10-year average)

• Active listings: 10,583 (up 17% from September 2024)

• Sales-to-active listings ratio: 9% (a balanced market sits between 12-20%)

That 9% ratio is significant. It confirms we're firmly in a buyer's market as I’ve been sharing recently—meaning there are more homes available than there are active buyers, which shifts negotiating power decisively toward purchasers.

🏡🏘️🏢 Breaking Down Property Types: Where the Opportunities Are

Let's look at the specific numbers for different property types, because this is where strategy really matters:

Single-Family Detached Homes

Benchmark price: $1,420,000 (down 1.2% from August, down 5.4% year-over-year)

September saw 344 detached home sales across the Fraser Valley, with homes taking an average of 37 days to sell. There are currently 3,758 active listings—giving buyers genuine selection.

What this means: If you're selling a detached home, pricing competitively from day one is critical. If you're buying, you have time to be selective and negotiate terms that work for you.

Townhomes

Benchmark price: $795,600 (down 1.5% from August, down 4.7% year-over-year)

Townhomes recorded 244 sales in September, with an average of 38 days on market. Active inventory stands at 1,833 listings—up 29.2% from last year.

What this means: Townhomes are seeing significant inventory growth, which creates strong opportunities for first-time buyers, young families, and downsizers looking for low-maintenance living.

Condos/Apartments

Benchmark price: $510,400 (down 0.7% from August, down 6.3% year-over-year)

The condo market saw 262 sales in September, averaging 39 days to sell. With 2,599 active listings (up 15.3% year-over-year), buyers have the most choice they've seen in years.

What this means: If you've been priced out of townhomes or detached homes, the condo market is offering both selection and improved affordability.

📍 Local Market Breakdown: What's Happening in Your Community

Let me share what I'm seeing in the specific communities I serve:

Langley

• Detached homes: Benchmark $1,576,300 (median $1,432,950)

• Townhomes: Benchmark $839,600 (median $826,405)

• Condos: Benchmark $579,700 (median $552,000)

Langley saw 68 detached sales, 59 townhome sales, and 66 condo sales in September. The significant increase in active listings (539 detached, 330 townhomes, 589 condos) means buyers finally have options after years of limited inventory.

South Surrey & White Rock

• Detached homes: Benchmark $1,777,900 (median $1,625,000)

• Townhomes: Benchmark $906,800 (median $882,000)

• Condos: Benchmark $593,100 (median $595,000)

This area recorded 41 detached sales, 29 townhome sales, and 49 condo sales. The premium location near the ocean and border continues to command higher prices, but year-over-year declines (8.1% for detached, 6.0% for townhomes, 8.2% for condos) represent real savings for prepared buyers.

Surrey (Combined: North, Central, Cloverdale)

• Detached homes: Benchmark $1,521,300 (average $1,623,733)

• Townhomes: Benchmark $816,000 (average $811,481)

• Condos: Benchmark $498,100 (average $540,715)

Surrey's diverse neighbourhoods recorded strong activity with 155 detached sales, 136 townhome sales, and 123 condo sales. The variety of price points across Surrey's sub-markets offers something for almost every budget.

👋🔑 Why Buyers Are Starting to Re-Engage

Here's what's particularly interesting: while prices continue to decline, sales actually increased 3% from August to September. This suggests that softening prices are bringing some buyers back to the market.

As Tore Jacobsen, Chair of the Fraser Valley Real Estate Board, noted: "As prices continue to weaken, the market is showing hopeful signs of renewed confidence. While recent economic uncertainty seems to have weighed more heavily here in the Fraser Valley, some buyers are beginning to re-engage in the market, a positive signal heading into the fall."

From my perspective working directly with buyers, I'm seeing this firsthand. After months of watching and waiting, buyers who have their finances in order are recognizing that today's combination of improved selection, lower prices, and reduced competition creates genuine opportunity.

🔄🏠 The Return of Sellers—And What It Means

After many sellers sat out the summer months, September saw new listings jump 23% month-over-month to 3,447 listings. This is significant.

For buyers: More inventory means more choice. You're not forced to compromise on location, features, or condition because "it's all that's available."

For sellers: Increased competition means you need to be strategic. Your home needs to be priced right, presented well, and marketed effectively. The days of listing at any price and receiving multiple offers within 48 hours are behind us—at least for now.

💪🧠 What This Market Demands: Strategy Over Emotion

Whether you're buying or selling in this market, success comes down to preparation and realistic expectations.

If you're buying:

• Get pre-approved first. In a market with more negotiating room, sellers want to know you're serious and capable of closing. Pre-approval gives you credibility and confidence.

• Take your time, but don't overthink it. Yes, you have more time to decide than you would have had a year ago. But well-priced properties in desirable locations still attract attention. When you find the right fit, be ready to act.

• Negotiate strategically. This doesn't mean low-balling every listing. It means understanding market value, identifying properties that have been sitting longer, and crafting offers that are fair but favourable to your interests.

If you're selling:

• Price it right from day one. With 10,583 active listings, buyers have options. Overpricing means you'll sit on the market while buyers tour fresher listings, and you'll likely end up accepting less than if you'd priced competitively initially.

• Presentation matters more than ever. When buyers have time to be selective, they're comparing condition, updates, and overall appeal. Small investments in staging, repairs, and curb appeal can make a significant difference.

• Be realistic about timing. With homes averaging 37-39 days on market, plan accordingly. If you need to sell before buying your next home, factor this timeline into your planning.

👀🔮 Looking Ahead: What to Watch For

The Fraser Valley market is at an interesting inflection point. We have:

• Sustained high inventory (decade-high levels)

• Six months of consecutive price declines

• Signs of renewed buyer activity

• Economic uncertainty that's affecting confidence

As Baldev Gill, CEO of the Fraser Valley Real Estate Board, noted: "It is unreasonable to single out any one factor or policy driving today's market dynamics. That said, there is a growing consensus within the housing and development sector calling for greater measures to incentivize investors to help drive new supply growth, which would certainly have a positive impact on affordability."

The question moving into fall and winter is whether buyer re-engagement continues, stabilizing prices, or whether we see further softening as inventory remains elevated.

✅💼 The Bottom Line: This Is a Market That Rewards Preparation

After years of working with families across the Fraser Valley through various market conditions, here's what I know: the best outcomes don't happen by accident. They happen when buyers and sellers understand the market, prepare thoroughly, and act strategically.

Right now, we have a buyer's market with genuine opportunities for well-prepared purchasers and realistic challenges for sellers who aren't properly positioned.

If you're thinking about making a move—whether buying your first home, upsizing, downsizing, or selling to relocate—the key is understanding how these market dynamics specifically affect your situation and your goals.

My commitment to you is straightforward: I'll provide honest, data-driven guidance based on current market conditions, connect you with the right professionals to support your financial planning, and advocate for your best interests throughout the process.

Whether we're looking at specific listings in Langley/Surrey/White Rock, evaluating what your current home is worth in today's market, or discussing the best timing for your next move, let's have a conversation grounded in reality and focused on your success.

The September numbers tell us where we are. Together, we can map out where you want to go—and the smartest path to get there.

Want to discuss how these market trends affect your specific situation? Let's sit down and review your goals. Whether you're six months away from making a move or ready to list next week, understanding the current market dynamics is the first step to a successful outcome.

Evan Bird is a trusted real estate advisor serving Langley, Surrey, South Surrey, and White Rock. With a background as a firefighter and extensive renovation expertise, Evan brings a unique perspective to helping clients navigate their real estate journey with confidence and clarity.

📊🔍 September 2025 Fraser Valley Real Estate Stats at a Glance

Overall Market:

• Total Sales: 962 (up 3% from August, down 2% year-over-year)

• New Listings: 3,447 (up 23% from August)

• Active Listings: 10,583 (up 17% from September 2024)

• Benchmark Price: $926,300 (down 5.4% year-over-year)

• Sales-to-Active Ratio: 9% (buyer's market)

Property Type Benchmarks:

• Detached Homes: $1,420,000 (down 5.4% year-over-year)

• Townhomes: $795,600 (down 4.7% year-over-year)

• Apartments/Condos: $510,400 (down 6.3% year-over-year)

Average Days on Market:

• Detached: 37 days

• Townhomes: 38 days

• Condos: 39 days

Source: Fraser Valley Real Estate Board, September 2025 Statistics Package

🔑 Why Mortgage Readiness Matters for Downsizers

As we move through Fall 2025, the Fraser Valley real estate market is presenting a unique opportunity for downsizers. The latest September 2025 statistics from the Fraser Valley Real Estate Board confirm what I'm seeing daily: we're in a definitive buyer's market, with the sales-to-active listings ratio sitting at just 9% (a balanced market ranges between 12-20%).

After years of competitive bidding and limited inventory, this shift changes everything. With 10,583 active listings across the Fraser Valley—up 17% from last September—and benchmark prices down 5.4% year-over-year, well-prepared buyers finally have breathing room and negotiating power.

Here's what I'm seeing firsthand working with clients throughout Langley, South Surrey, and White Rock: downsizers often have significant equity built up in their current homes. That's a strong position to be in. However, many still need financing or bridging options to make their next move work seamlessly. The key difference between those who transition smoothly and those who face unnecessary stress? Financial preparation.

In this guide, I'll walk you through how mortgage pre-approval and smart budgeting can help you move confidently into your next chapter—without the overwhelm.

📈 Understanding the Fraser Valley Buyer's Market

Let's talk about what a buyer's market actually means for you.

In simple terms, it's when there are more homes listed than there are active buyers. This shifts the negotiating power toward buyers. Right now across South Surrey, White Rock, and Langley, we're seeing increased inventory, homes sitting on the market longer, and sellers who are more motivated to negotiate.

What does this mean for downsizers specifically?

You have more choice, less pressure to make rushed decisions, and real potential for better pricing—if you're financially prepared to act when the right property comes along. The homes aren't going to sell themselves out from under you in 24 hours like they might have a year ago, but the best opportunities still move quickly when serious buyers are ready.

This is your market. Let's make sure you're positioned to take full advantage of it.

✅ Step One: Why Mortgage Pre-Approval Is Essential

What Pre-Approval Actually Means

First, let's clear up a common confusion: pre-approval and pre-qualification aren't the same thing.

Pre-qualification is a quick, informal estimate based on information you provide. It's helpful for early planning but doesn't carry much weight.

Pre-approval is the real deal. A lender has reviewed your financial documents—your income, credit history, existing debts, and expected proceeds from your current home sale—and committed to lending you a specific amount under defined conditions.

Benefits for Downsizers

Getting pre-approved isn't just a formality. It's a strategic advantage:

It shows sellers you're serious. When I submit an offer on your behalf that includes a pre-approval letter, sellers know you're not window shopping. In competitive situations, this can be the difference-maker.

It helps you set a realistic purchase budget. You'll know exactly what you can spend, which prevents the disappointment of falling in love with a home that's out of reach—or worse, overextending yourself financially.

It speeds up closing. Once you find the right home, much of the legwork is already done. This can make your offer more attractive and reduce the time between acceptance and possession.

As someone who's guided countless downsizers through this process, I can tell you: the peace of mind that comes with knowing your financing is secured is invaluable.

📝 How to Get Pre-Approved (Step-by-Step)

Let me break this down into manageable steps:

1. Gather your financial documents. You'll need recent pay stubs or pension statements, tax returns, proof of assets, and a list of current debts. Don't worry—your mortgage broker will give you a specific checklist.

2. Work with a mortgage broker who understands downsizer profiles. Not all mortgage situations are created equal. Downsizers have unique needs—you might be carrying two properties temporarily, or you may have significant equity but irregular income streams. I work with brokers throughout the Fraser Valley who specialize in these transitions and can connect you with the right fit.

3. Discuss using proceeds from your existing home sale. Your broker needs to understand your timeline and how your current home's equity factors into the equation. This affects both your down payment and overall borrowing capacity.

4. Get a written pre-approval letter valid for 90–120 days. This gives you a realistic window to shop and ensures your rate is protected during that period.

5. Review rates and conditions carefully. Pay special attention to flexibility if the timing between selling and buying is uncertain. Some products offer better options for bridge financing or portable features if circumstances change.

💲 Building a Realistic Downsizing Budget

Here's where my renovation background really comes into play. I've learned that successful downsizing isn't just about the purchase price—it's about understanding the complete financial picture.

Estimate Your Sale Proceeds

Start by getting a clear picture of what your current home will actually net you. I provide detailed comparative market analyses for my clients that reflect current Fraser Valley market conditions. From that sale price, you'll need to deduct:

• Realtor commissions

• Legal fees and disbursements

• Any minor repairs or staging costs you invest before listing

This gives you your actual net proceeds—the number that matters for your next purchase.

Factor in Purchase and Transition Costs

Many downsizers are surprised by the costs beyond the purchase price itself:

Property transfer tax. In BC, this can be significant depending on your purchase price. First-time buyers get exemptions, but most downsizers will need to budget 1-2% of the purchase price.

Moving costs. Professional movers, storage if there's a gap between possession dates, and temporary housing if needed.

Strata fees and potential assessments. If you're moving from a single-family home to a condo or townhome (a common downsizing move), monthly strata fees are a new carrying cost. Even more important: ask about the contingency fund status and any upcoming special assessments. I always review strata documents carefully with my downsizer clients—this can reveal potential five-figure expenses you'll want to factor in.

Legal fees and insurance. Your lawyer will handle the closing, and you'll need to set up new home insurance immediately.

Add a Safety Buffer

Based on years of guiding clients through these transitions, I always recommend keeping a 5-10% contingency fund. Life happens. Timelines shift. Having that buffer means you won't be caught off-guard or forced into stressful last-minute decisions.

🗓️ Aligning Your Sale and Purchase Timelines

This is where strategy meets reality—and where having a pre-approval gives you options.

The "sell first" approach gives you financial certainty. You know exactly what you're working with, and there's no pressure of carrying two properties. However, you may need temporary housing, which adds cost and inconvenience.

The "buy first" approach means you can move directly from your current home to your new one—no interim steps. But it typically requires either bridge financing (borrowing against your current home's equity until it sells) or enough resources to carry both properties temporarily. This is only viable if you're pre-approved and confident in your financial position.

Throughout Langley, South Surrey, and White Rock, I've helped downsizers navigate both approaches. The right choice depends on your specific situation, risk tolerance, and the current market. The key is that your pre-approval gives you the flexibility to choose rather than being forced into one path.

We can also work with extended possession dates or early occupancy agreements to create more breathing room between transactions. These tools are particularly useful in a buyer's market when sellers are motivated to accommodate terms that make deals work.

🏘️ Local Insight: What Fraser Valley Realtors Are Seeing in Fall 2025

Let me share what I'm observing on the ground.

The market has definitely shifted toward buyers, which means negotiation opportunities are real—but that doesn't mean you can take your time indefinitely. When a great property hits the market at the right price, serious buyers still move quickly.

Here's what's making the difference: preparation. The downsizers I'm working with who have their pre-approvals in place are winning in situations where multiple buyers are interested. They can confidently remove financing conditions or offer cleaner terms, which sellers appreciate even in a buyer's market.

I'm seeing particularly strong opportunities in Langley ranchers (perfect for single-level living), White Rock condos with ocean proximity, and South Surrey townhomes in established communities with great amenities. These are the types of properties downsizers are actively seeking, and inventory has improved significantly in these categories.

The buyers who are struggling? Those who haven't sorted out their financing, haven't been realistic about their current home's value, or are waiting for some perfect moment that may never arrive. This market rewards action from prepared buyers.

💡 Expert Tips for Downsizers Navigating a Buyer's Market

Drawing from my experience working with downsizers across the Fraser Valley, here are my top recommendations:

✅ Work with a mortgage broker early. Ideally before you even list your current home. This gives you the clearest picture of your options and timing.

✅ Keep finances liquid during the transition. Avoid making major purchases or taking on new debt while you're in the middle of selling and buying. Lenders reassess your situation before final approval.

✅ Review all ongoing carrying costs. Property taxes can vary significantly between municipalities. Strata fees, if you're moving to a condo or townhome, need to fit comfortably in your monthly budget. Insurance costs might change. Look at the complete picture, not just the purchase price.

✅ Don't max out your approval. Just because you're approved for a certain amount doesn't mean you should spend it all. Buy comfortably below your limit. This gives you financial breathing room and peace of mind in your next chapter. Remember—you're downsizing to simplify life, not to create new financial stress.

💪 Confidence Through Preparation

After years of helping Fraser Valley families navigate real estate transitions, I've learned that the most successful downsizers treat pre-approval and budgeting as essential parts of their moving plan—not afterthoughts.

This buyer's market is creating real opportunities for downsizers ready to make their move. But opportunities are only valuable if you're positioned to act on them.

My commitment to you is straightforward: I'll provide the local expertise, honest guidance, and dedicated support to make your downsizing transition as seamless and stress-free as possible. That includes connecting you with trusted mortgage professionals who understand your unique situation.

Ready to start your next chapter with confidence?

Let's sit down and review your downsizing goals together. I'll help you understand what your current home is worth in today's market, connect you with experienced mortgage brokers to get pre-approved, and create a tailored strategy that works for your timeline and circumstances.

You've worked hard to build equity in your home. Now let's make sure your next move serves you well.

Evan Bird is a trusted real estate advisor serving Langley, Surrey, South Surrey, White Rock, Abbotsford, and Chilliwack. With a background as a firefighter and extensive renovation expertise, Evan brings a unique perspective to helping clients navigate their real estate journey. Contact Evan today to discuss your downsizing plans.

Downsizing is one of the most liberating decisions you can make—freeing up equity, simplifying your lifestyle, and opening the door to a new chapter. But here's what many Fraser Valley homeowners don't realize: the transition comes with hidden costs that can quickly eat into your expected savings if you're not prepared.

As someone who's helped countless families in Langley, White Rock, and South Surrey navigate this process, I've seen firsthand how proper financial planning makes all the difference. Let me walk you through the unexpected expenses so you can downsize with confidence and keep more money in your pocket.

💡 Why Financial Planning Matters When Downsizing

Most downsizers share similar goals: reducing maintenance responsibilities, accessing their home equity, and embracing a simpler lifestyle. It's a smart move, especially here in the Fraser Valley where moving from a larger detached home into a condo or townhome can unlock significant financial freedom.

But here's the challenge: hidden costs can erode those expected savings faster than you'd think. I've worked with too many clients who were caught off guard by expenses they never saw coming. The good news? With the right preparation, you can avoid these pitfalls entirely.

💸 Hidden Costs Sellers Often Overlook

Home Preparation & Staging

Before your home hits the market, it needs to look its best. From my renovation background, I can tell you that even well-maintained homes benefit from some pre-sale attention. Fresh paint, minor repairs, landscaping touch-ups, and professional staging can range anywhere from a few hundred to several thousand dollars—but they're investments that typically pay for themselves in a faster sale and better offers.

Legal Fees & Real Estate Commissions

Don't forget the professionals who make the sale happen. You'll need a lawyer or notary for conveyancing, and realtor commissions are often the largest single selling cost. While these fees are standard, they should be factored into your budget from day one.

Pre-Sale Decluttering & Moving Prep

This is where things get emotionally and financially complicated. Decades of memories mean decades of belongings. Junk removal services, storage units, donation pickups, and estate sales all add up. Some of my clients have spent thousands just preparing to move. My advice? Start this process early—spreading costs over several months makes them far more manageable.

🏡 Hidden Costs Buyers Often Overlook

Strata Fees & Special Levies (Condos & Townhomes)

If you're moving into a condo or townhome, monthly strata fees are a given. But what catches people off guard are special assessments—surprise levies for major building repairs that can run into thousands. Before you buy, always request the strata meeting minutes from the past year. It's the best way to spot potential financial surprises.

Property Transfer Tax (PTT)

This one's easy to forget in your budget, but BC's Property Transfer Tax is unavoidable. Depending on your new home's purchase price, this can be a significant expense. Make sure you're calculating it into your overall costs.

Bridge Financing & Temporary Housing

Ideally, your sale and purchase align perfectly. Reality? Sometimes they don't. If you need to buy before your current home sells, bridge financing or short-term rentals may be necessary. These can add anywhere from $5,000 to $20,000 to your transition costs—money that many downsizers don't anticipate.

Renovations & Aging-in-Place Upgrades

Even smaller homes often need modifications to suit your needs. Grab bars in the bathroom, better lighting, updated flooring, or additional storage solutions can cost thousands. The smart strategy? Look for homes that already include these features, or budget for them upfront.

Moving & Settling In

Professional movers, moving insurance, utility hookups, and all those little settling-in expenses add up quickly. These costs are often underestimated because they seem small individually—but together, they can surprise you.

🍂 Seasonal Considerations: Fall & Winter Downsizers

Moving during fall and winter comes with its own financial wrinkles. Peak holiday and winter months can mean higher moving costs, weather-related delays requiring extended storage, and heating bills for vacant homes. If you're downsizing during these seasons, build extra cushion into your budget.

✅ Strategies to Reduce or Manage These Costs

Here's where having a trusted advocate makes all the difference. After years of helping families through this transition, I've developed strategies that consistently save my clients money and stress:

Work with a downsizing-specialized realtor. Someone who understands the unique challenges seniors and empty-nesters face can help you sidestep common pitfalls.

Request strata minutes before purchase. This simple step can help you avoid surprise levies that derail your budget.

Budget 5–10% of your sale proceeds for transition costs. It might sound high, but this cushion ensures you're covered for the unexpected.

Use decluttering services early. Spreading these costs over several months makes them far more manageable—and less emotionally overwhelming.

Explore available programs. Some senior programs and tax credits can help offset moving costs. It's worth investigating what you qualify for.

✨ Moving Forward with Confidence

Downsizing isn't just about moving to a smaller space—it's about creating the freedom and flexibility you've earned. But that freedom is only truly liberating when you've planned properly and avoided the financial surprises that catch so many people off guard.

My firefighter training taught me the importance of preparation and staying calm under pressure. Those same principles apply here. With the right financial planning and a dedicated support team, your downsizing journey can be exactly what you hoped for: stress-free and rewarding.

Ready to start your downsizing journey in Langley, White Rock, or South Surrey? Let's talk about creating a financial plan that avoids surprises and maximizes your equity. Contact me today for a free downsizing consultation, and let's make this transition as seamless as possible.

Evan Bird is a trusted real estate advocate serving Fraser Valley, with deep local expertise in Surrey, Langley, Abbotsford, and Chilliwack. Drawing on his firefighter background and renovation experience, Evan provides the dedicated support and community-focused service his clients deserve.