Mortgage Pre-Qualification vs Mortgage Pre-Approval vs Mortgage Approval

What are the differences between each stage of the mortgage process?

In early 2019, several Canadian banks launched digital apps that offer home buyers easy, hassle-free mortgage pre-qualification in 60 seconds or less. Sounds great, right?  The problem is many consumers believe a mortgage pre-qualification is a lot like a mortgage pre-approval or mortgage approval. As a result, prospective home buyers and sellers are left expecting the financial institution associated with the app to lend them hundreds of thousands of dollars, despite the fact they simply keyed their names, addresses, contact information and gross income into various online fields.

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The Top 6 Things That Will Impact Fall Real Estate in Canada

2019’s fall home buying trends are looking pretty surprising.
By Kara Kuryllowicz August 29, 2019

Back to school and off to work! The post-labour day time usually coincides with supply shopping  and settling in after relaxing summer vibes – but it also tends to kick off Canada’s fall real estate markets, with home buyers and homeowners looking ahead to their next steps.

However, before they make a move, buyers and sellers should get up to speed on the factors that will affect this year’s real estate landscape, ranging from the predictable to the truly surprising. Without further ado, here are the top six things that will impact Canada’s fall real estate season.

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Olde Harvest Fair

September 21, 2019 from 11:00 AM to 3:00 PM
Historic Stewart Farm – 13723 Crescent Road

Ring in fall like locals did for the first annual fall fair held in 1888! Celebrate the harvest with food, neighbourly competitions and music. While the kids play in the hay, enjoy:

  • Local vendors and artisans
  • Live music and dancing
  • Warm apple cider
  • Surrey’s re-enactment troupe The Re-Enactors
  • Face painting for children
  • Potato sack races, Scarecrow Relay and Needle in a Haystack
  • Cider pressing and butter making demonstrations
  • Tours of the 1894 farmhouse

Spooktacular Halloween Market

October 12, 2019 from 10:00 AM to 4:00 PM
Sullivan Community Hall – 6306 152 Street

The Spooktacular Halloween Market is a community, family-friendly Halloween event. We feature 30 handmade artisans, a photographer to capture your wacky costumes, a Zombie Cafe with creepy and fun beverages, a Harry Potter Bounce Castle, and face painting.

Admission is by donation to the Surrey Memorial Hospital Oncology Unit. Costumes by attendees is encouraged! Jasmine and Aladdin will be there 11-12 and Captain Marvel 12-1.

You will also get the chance to meet Groot and many other characters throughout the day. Get into the Halloween spirit with this fun market. You may even get the chance to break out your Thriller moves!

Movie Under the Stars

Every Sunday in August 5:00 PM to 10:00 PM

Every Saturday in August, the Downtown Surrey Business Improvement Association hosts Movies Under the Stars, a free outdoor movie event held at Holland Park.

A different movie is projected on the big screen each week and is joined by a showcase of amazing local performers, arts and crafts, games, and other fun activities for everyone to enjoy at no cost. The movie list this year features:

August 17 – The Lego Movie 2

August 24 – Spiderman: Into the Spider-Verse

Activities begin each night at 5:00 pm, with the movies themselves getting underway at dusk. Now in its 15th year, Movies Under the Stars is simply the place to be every Saturday in August!

Community Events


July 20-21st 11:00am to 10:00pm
Named the “Best Festival” in the world at the Special Events Magazine GALA Awards in 2019, Surrey’s Fusion Festival showcases and celebrates the cultural diversity of our City.
The two-day festival brings together over 50 cultural and community groups from around the world and more than 150 artists and performers. Live entertainment, food pavilions, and interactive cultural activities will keep you busy throughout the weekend.
Visit the website to learn more about the 2019 festival.
Where: Holland Park – 13428 Old Yale Road, Surrey BC


July 27th 11:00am to 3:00pm
The South Surrey Festival is a fun, family-friendly event that offers safe, creative and inclusive activities for the whole community.
Join us for a variety of activities and attractions like entertainment at the stage, face painting, crafts and games, shopping from artisans and vendors, food trucks and much more.
Where: South Surrey Recreation & Arts Centre 14601 20 Avenue


July 2nd to August 22nd
Join Park Play staff in your neighborhood park for another summer of free sports, games and fun activities!.
Participation Guidelines: Participants must attend with an adult/guardian. Dress for the weather. Sessions run rain or shine with extreme weather exceptions. Pack a reusable water bottle/snacks. Activities vary daily and by park location.
Weekly Themes
July 2- 5: My Community (community-building activities)
July 8-12: Garden Wonder
July 15-19: Naturally Crafty
July 22-26: Fairytale Fun
July 29-Aug 2: Nature Detectives
Aug 6-9: Park Play (trying new activities in the park)
Aug 12-16: Blast off! (space and science)
Aug 19-22: Camping
Click here for more information and to find a Park Play Event near you!


July 3rd to August 21st 6:30pm to 8:00pm
Surrey’s free Sounds of Summer concert series brings toe-tapping tunes to our beautiful park settings. Enjoy Wednesday evening performances from 6:30 to 8 pm as well as Friday afternoon performances from 1 to 2:30pm.
Bring blankets or folding chairs to enjoy each performance. Parking will be limited at some locations. Plan to carpool or arrange to be dropped off. All pets must be on leash with the exception of Glades Garden and Darts Hill Garden Park, where only service dogs are permitted.
Depending on location, you may need to walk through some parks to get to the stage. Look for wayfinding signs in the park.
Click here for more information and to find a concert near you!

Wondering what sells in Vancouver’s slower market?

Our focus was on which pockets of Greater Vancouver have strong sales. We looked at data during the most active selling months (Sept – Oct 2018 and Feb – Mar 2019) and analyzed areas with the highest sales-to-active listings ratio, a handy benchmark that compares the buyer demand against the supply and shows us the rate at which properties are selling. If an area has a sales-to-active listings ratio greater than 20%, it typically indicates a seller’s market.

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