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"Real Estate Constipation!"...What is it? and When will it end?

August 31st, 2023
As many of you know our market has slowed down dramatically, especially in the higher price ranges. This is due to the changes in immigration ownership and tighter registration rules. However the greatest impact is due to the recent fast rising interest rates. In 1980-81 our market collapsed by 40-60% in only 11 months due to these rising interst rates. At that time rates went up by an amazin ...

Predictions Coming True!

October 3rd, 2022
As mentioned in my previous post on April 23, I mentioned how vulnerable the market was to change. Well, it is happenning as we speak. In the months of June through September, (which are historically a little slower), this year we had the fewest sales in detached homes in 4 decades! Unforunately the news media, or in fact the Real Estate industry, is always late to the table to assist our cli ...

"Change is in the Air"

April 23rd, 2022
For many years now we have been in an aggressive "inflationary" market. However, like so many things in life, nothing goes on forever. In Real Estate, one fact is always true; "the higher the price, the fewer the number of Buyers that can qualify!" Prices in most parts of Greater Vancouver are at their highest levels in history. That means there must by default be fewer buyers than normal that ...

Misconceptions of Approved Financing!

June 10th, 2021
For many of you arranging financing can be a tedious and stressful time. However, when considering buying a home, it might be the most crucial activity you can do. Many clients go to their local banker. The ones they have had previous car loans, student loans, or other financial dealings with. Bankers are typically very polite and provide the obvious options. They ask questions about your inc ...

Smoke & Mirrors! Look a Little Deeper!

January 18th, 2021
It is always interesting to hear the wide range of statistical information which is often released on the various outlets online or in the media. Prices and sales up or down...always broad general statements across the whole Greater Vancouver area. If you are selling your waterfront home in West Van, why do you care what Downtown condos are doing? If you sold your North Van townhome, why do y ...

Considering Selling?...Think Before You Act!

May 31st, 2020
           If you are considering a move, make sure you have a well thought out plan. The following is a good listing "procederal check list" to help you keep on track: Together, decide if this is the right time for you and your family to sell your home. A move today should benefit you in either one of two ways, or preferable both. It should help enhance the “quality of your life”, or it s ...

A Time for Reflection!

March 30th, 2020
As we all struggle to get by at this tremendously challenging time, it is an opportunity to take a breath and reflect. For decades now, (since the early seventies) we have been blessed with a generally inflationary economy. We have been part of the "have " generation with so much opportunity to pursue our goals and expand our horizons. For many in our city, we have been able to particaipate i ...

"Change Your Angle of Vision!"

September 28th, 2019
For some reason when the market was fast rising it was considered a great market. Now that the market is falling, so many people are angry, frustrated, and depressed. So why is that? What's the difference? With the recent rising market, Buyers got caught up with the "emotional excitement" of getting something bigger and better than what they were leaving. New entry Buyers were excited to own ...

Hoping does not equal Results!

September 9th, 2019
For many months now homeowners have been lisitng their homes for prices that have no chance of selling. We are now in a widespread `Buyers`market. The `Detached` home market changed in June 2016, and the `Strata`market changed in June of 2018. If you are trying to sell your home, and it has not sold, it is only the price that is preventing you from getting a result. So one of only two things  ...

Are you feeling the "Stress"?

July 30th, 2018
The recent government interventions have had the desired impact and have dramatically slowed down sales in the detached housing market of Greater Vancouver. Prices are at various stages of dropping depending on what areas and price range you are in. One of the factors which has not received much debate or converstion is having one of the greatest effects on our market. That is the new "stress ...
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