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BC First Nation Aboriginal Title Recognized Throughout Metro Vancouver?

The Government of Canada and the Musqueam Indian Band have signed three agreements recognizing Musqueam’s Aboriginal rights, including title, within parts of their traditional territory in Metro Vancouver.

The agreements outline how Canada and Musqueam will work together on stewardship, marine management, and fisheries governance.

They set frameworks for shared decision-making and implementation of rights moving forward.

Source: Government of Canada (canada.ca)

If you have any questions regarding the current market give us a call @604.562.0068

If you are thinking of Selling or Buying a home, Don't forget to give us a call for top notch service by a top notch team. We can Help...

THE GILLTEAM
Rahul/Aman Gill
604.562.0068
soldbygillteam@gmail.com

www.gillteam.com
Gilco Real Estate Services

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February Fraser Valley Market stats are out!



The Fraser Valley market showed early signs of a spring thaw in February, with sales increasing over January, but continuing to trail typical levels for this time of year.

The Fraser Valley Real Estate Board recorded 843 sales on its Multiple Listing Service® (MLS®) in February, a 36 per cent increase from January, but 38 per cent below the ten-year seasonal average. New listings declined nine per cent in February to 2,796, suggesting some sellers are choosing to wait amid competitive inventory levels, and may be positioning their homes for the peak of the spring market.

Overall inventory remains above seasonal norms for the Fraser Valley, with 8,344 active listings, up eight per cent from January and 51 per cent above the 10-year seasonal average.

The Fraser Valley remains firmly in a buyer’s market, with an overall sales-to-active listings ratio of ten per cent in February. A balanced market is typically defined by a ratio between 12 and 20 per cent.

Across the Fraser Valley in February, the average number of days to sell a single-family detached home was 47 days, while for a condo it was 45 days. Townhomes took, on average, 39 days to sell.

The composite Benchmark price for a typical home in the Fraser Valley decreased 0.2 per cent in February, to $895,100.

If you have any questions regarding the current market give us a call @604.562.0068

If you are thinking of Selling or Buying a home, Don't forget to give us a call for top notch service by a top notch team. We can Help...

THE GILLTEAM
Rahul/Aman Gill
604.562.0068
soldbygillteam@gmail.com

www.gillteam.com
Gilco Real Estate Services

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Power Couple Rahul and Aman Gill: The GillTeam, Redefining the Real Estate Industry

"Our goal is cultivating long term relationships. We help our clients invest, but also inversely invest in our clients, by providing sincere advice and guiding clients to make the right decision. Ultimately, for a fruitful client-agent partnership, it is essential for clients to do their homework, but also trust professionals who have been in the market long enough."- Aman Gill, The GillTeam

Dedication. Innovation. Drive. 

The GillTeam’s invincible power couple Rahul Gill and Aman Gill personify these ideals beyond brilliantly. This award-winning duo of leading agents in the Surrey real estate industry boasts over $1.8 billion sold in real estate — a feat that is not simple to accomplish, but if anyone could have done it, it is The GillTeam! Given their years of experience, impressive property portfolio, celebrity clientele, and unparalleled knowledge of the market and pedigree estates, the impressive pair’s estimable business is highly sophisticated and well-renowned across the Lower Mainland.

Having closed more than 2,000+ properties since 2004, the husband and wife have attained an average of 100 sales a year since then. Among many commendable achievements is Rahul and Aman’s participation in the reputed Straight Medallion Club, which recognizes the top tier of real estate agents as per the transactions they complete on a yearly basis. Rahul and Aman have been making their mark as part of this club for 18 years and counting! 

As such, it is of no surprise that The GillTeam has also been in the top 1% for real estate sales and production throughout the Fraser Valley for almost two decades. Exemplifying what it means to be the perfect pair, Rahul and Aman are taking on the real estate market by storm with their unique combination of competence and expertise. Accredited buyer and seller specialists, the fearless leaders are well-tenured licensed real estate agents. Their umbrella of unbeatable services spans across the areas of luxury marketing, residential real estate sales, development pre-sales, development land, and commercial land. 

“Our goal is cultivating long term relationships. We help our clients invest, but also inversely invest in our clients, by providing sincere advice and guiding clients to make the right decision. Ultimately, for a fruitful client-agent partnership, it is essential for clients to do their homework, but also trust professionals who have been in the market long enough. ”, says Aman. Of course, with experienced professionals like the GillTeam, clients can absolutely feel at ease that their finances and decisions are being handled and facilitated by capable hands. 

In fact, having earned the esteem and admiration of associates, the industry pros have built an incredible network of fellow agents, which has allowed for the couple to reach new heights. Serving a range of diverse clients, Rahul and Aman are also trusted names with noteworthy A-list celebrities, who have unwavering faith in the duo’s recommendations and business sense. 

Rahul shares, “We deal with everyone authentically and treat clients as friends. Every client is equal to us. Our goal is to genuinely help clients make the best, most timely decisions, which will evidently maximize their wealth in real estate. Ideally, we want to ensure a 10-15% value extraction after 3-4 years of a client’s purchase. Whether you are buying for the first time, purchasing for the second time, or investing, we educate everyone to make the right investment through honest advice.” 

Relevant for the coming decade, The GillTeam points out some interesting trends to keep in mind. Firstly, there is an anticipation of growth in investments from India, especially in light of increased immigration post-COVID. Prominent Indian business tycoons are approaching business leaders in Canada for investment purposes. Although all of Canada is lucrative, the province of British Columbia is undoubtedly the sweet spot, thanks to its attractive temperamental weather and enticing cultural scene — for incumbents and new entrants alike.  

For first-time buyers, The GillTeam encourages them to make a move as soon as possible, now that prices are down, as princes may shoot up again in 6-7 months. Clearly, the dynamic nature of the real estate market creates a pressing need for choosing the right realtor that can offer effective analysis and make informed, robust recommendations. Aman explains, “In real estate, there is never a bad time to buy. A strategic investor will not look at whether the market is hot or cold, but more so at what the projected five year plan entails. If someone today tells you not to buy, then they are wrong. Interest rates have gone up and mortgage rates may be higher, but the same low prices will not prevail tomorrow. Although higher mortgage payments will be a reality in the short term, investments will pay out when properties eventually sell for higher prices down the road. However, many realtors do not educate clients about such details and fail to provide thorough explanations to investors. After all, it is a numbers’ game.” 

As Rahul comments, real estate prices never go extremely low, and a 5-10% end-of-year increase can generally be expected for every type of property, making the real estate industry an alluring space. Moreover, clients can be assured that they are getting intel from top-tier professionals who are qualified, skilled, and knowledgeable. The GillTeam utilizes a team approach and has a production-first mindset to provide optimal results. The focus is on managing client wealth in the field of real estate, but Rahul and Aman’s business principles are also widely universal in life, relationships, and personal growth. 

Propelled by honesty and hardwork, the GillTeam is a beacon of trust in the real estate industry. Helping people invest in one of the fastest growing places in the world is not just a job, but a passion for the power couple. As Rahul puts it, “This is what we have been doing since the last 18 years, and this is what we will keep doing for years to come!” Surely, Rahul Gill and Aman Gill have built more than just a business. They have emerged as inspirational entrepreneurs and role models, creating an entire empire, accented with a legacy of prosperity, determination, and growth for all!

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Reciprocity Logo The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.
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