real estate: Real Estate Board May 2009 Sales Stats
- 06/04/09 11:08 AM
Below are the latest stats; if you would like to discuss any of the information below, please contact me. http://www.rebgv.org/sites/default/files/REBGV%20Stats%20Pkg%20May%202009.pdf Patricia
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real estate: Back to a sellers' market?
- 06/03/09 07:25 AM
It looks like the best time to buy may be slipping away in the near future-all 5 major banks raised their 5 yr rates yesterday-if you haven't bought yet-hurry up (and get your mortgage broker to hold your rate asap).....oh and last month home sales (not prices) were up 18.5% so again, suggesting that the market is moving out of buyers' market so if you want to buy and get optimal rates and pricing, I suggest you hurry!
Patricia … (1 comments)
real estate: Well the time to Buy is Now and you better have that mortgage hold!
- 06/03/09 07:24 AM
In last 24 hrs all 5 of the major banks have raised the rates on their 5 year mortgages so if you were waiting to lock in, you need to act now!!! The Buyers' market continues to be moving towards being more balanced so if you are buying, you may want to hurry! Please call or email me if you have any questions (604)376-7653 phoulihan@vancouverviews.ca
Patricia … (0 comments)
real estate: 10 year rate at 5.25% !!
- 03/25/09 10:33 AM
For those of us who locked in at 5.25% for five years this isn't the most welcome news, but for those of you who want a long term rate it is fantastic....who would have thought you could get a 10 year mortgage at 5.25%....please call me for more details.
Patricia
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real estate: Monthly Vancouver Real Estate Board Stats : February 2009
- 03/25/09 10:31 AM
Below are the latest stats-the market has been a lot busier than it was in January-likely because of the great interest rates....if you would like to discuss any of the information below, please contact me. http://www.rebgv.org/sites/default/files/REBGV%20Stats%20Pkg%20Feb%202009.pdf
Patricia … (1 comments)
real estate: Put your money in the Market? In real estate? What to do in Vancouver????
- 10/16/08 11:57 AM
Recently, a lot of people have been panicing about the horrific declines in the stock market and the apparent downturn in Vancouver's real estate market. Everyone is talking about both and wondering what to do. It seems that with respect to the stock market, most analysts are saying to hold tight as over the long term everything will be fine. This seems like it might be a logical position, given that once the "crash" has happened, its kind of late to be taking action I would think-unless one believes that there is still a long way down to go....From what I … (0 comments)
real estate: Real Estate is a great investment
- 10/07/08 12:08 PM
according to the Wall St Journal-and buy now that the market is slower Well this article isn't about Canada and our market here, especially in Vancouver, hasn't fallen as much but the principles are strong. I have been telling people now is a great time to buy and that I think that real estate is the best investment going for a number of reasons. This article contains some related comments..... http://online.wsj.com/article_email/SB122183189764556723-lMyQjAxMDI4MjIxMDgyMzAxWj.html Patricia … (0 comments)
real estate: What have you REALLY lost in the Vancouver Real Estate Market?
- 09/15/08 12:23 PM
NOTHING if you are upgrading.....and likely not as much as if your money was in the stock market! Within the last 24 hours, 2 clients have contacted me about how they were considering upgrading to a better home/location but now they have "Lost" money on their current house. One client is somewhat okay with this given that they recognize that they will more than make that up when they buy up in the market...the other client has unfortunately received "advice from several people" that it doesn't make sense to sell in this market...well I have to ask, just who are these … (1 comments)
real estate: Selling Vancouver Real Estate online?
- 08/15/08 08:24 AM
Seems to be the most effective way! We have been noticing more and more over the past year or so that almost all of the response we get for our listings comes from buyers viewing our online advertising. We still use print media such as the Vancouver Sun colour ads and the Real Estate Weekly, Homes and Lands, etc (and the Sun does actually get some response) but it is starting to look like these methods of advertising are not worth the paper they are printed on...so in addition to being environmentally unfriendly, they don't seem to get the attention that … (0 comments)
real estate: Bursting bubble? Crash? Slump? Downturn? ARGGGHHHH
- 08/11/08 11:04 AM
Okay-I really can't take it anymore...last week I was collecting articles from the Globe and Mail, the Vancouver Sun, etc and listening to all of the commentaries on CBC radio (and pulling over on the side of the road to take notes). I had planned to go through them all to comment specifically on what is happening and what people are saying-but its too much. Every single day last week there was more than one media item on the issue...most saying the market is crashing, bubble popping, etc. What most of these articles failed to comment on is why there is … (0 comments)
real estate: So you think your mortgage payments on Vancouver real estate are high now???? Thank goodness the interest rates are low!
- 08/11/08 11:01 AM
So you think your mortgage payments on Vancouver real estate are high now???? Thank goodness the interest rates are low! It is funny that I just received this today as I was talking to a couple of people yesterday about the rates back to 1960. I was also explaining that when I bought my first house in the late 80s, it cost me over $1100 per month to pay my mortgage payment on every $100,000 borrowed. So while property values in Vancouver may have doubled (or more) since that time, when you factor in the cost of borrowing and the salary … (0 comments)
This blog addresses issues of interest primarily to those who are active in or thinking about getting into the real estate market in Vancouver British Columbia and surrounding areas
Below are the latest stats; if you would like to discuss any of the information below, please contact me.;)
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