Harp Dhott – Surrey, B.C.
April 23, 2018
Current news in the Fraser Valley real-estate market place is the lack of supply. Recently there has been an increase in both active and new inventory in the Fraser Valley, however supply in February is well below ten-year average. New construction of multi-family homes remains strong in Vancouver, while Surrey continues to attract both local and foreign buyers. Affordability is the main concern, with first-time buyers often priced out of the market and a shortage of units. Median price levels for detached homes in the Fraser Valley are up nearly 16.7% from last year, reaching $957,100, Median price levels for Townhomes units in the Fraser Valley are up nearly 23.3% from last year, reaching $602,900, Median price levels for Apartment unit in the Fraser Valley are up nearly 40.0% from last year, reaching $385,000.
Harpreet Dhott’s interest in real estate began when he was just 16 years old. His father, Kultar, was working as a real estate agent at the time, and Harpreet found himself drawn to the industry. Sensing more opportunity through stability, he went into appraising rather than becoming an agent. The move worked, as Harpreet found success as an appraiser. He now works alongside his father at Accustar Appraisals Ltd. in British Columbia, serving several communities, including Vancouver, Burnaby, Richmond, and Port Coquitlam.