Just wanted to talk about the slow and steady stream of pessimistic views about our real Estate market here in Vancouver and across BC. I guess no one has a crystal ball but our local news sources love to jump on a story. Indeed, the January 2012 stats indicate that there is movement towards a Buyer's market. Here's hoping and I'll tell you why.
Prices gone Sky high $$$
We have been experiencing tremendous price growth for a decade wirth very few intervals of relief for Buyers. We as a community need the diversity of people required to sustain a balanced view of where we live. This is important when developing a sense of belonging which to many is more important than granite counters or a view of the Inlet.
There is no stopping the long term rise in housing prices. We are the most desirable city in the world to live in and we are cheap by comparison to other similar cities onthe pacific Rim. Sydney,Taipei,Hong Kong,Los Angeles all make us look like a deal so understand that the future is bright for Vancouver. However,
We need to let a litel hot air out of the balloon. There has been so much speculation made about what our market will or won't do that it has people anxious about the future of their worth. If world economies slow and interest rates rise then we may be in for some pain. That being said our banking has been responsible andwe as Canadians have been responsible. Continue to keep that debt down everyone.
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There is a possibility of a market that slows down considerably in coming months. Are you considering selling? Why wait? Call Craig at 2% Realty today. Keep your $$$. There may not be a lot left to squeeze out of this currrent bull run on housing.
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I know your equity is dear to you. You have worked hard to get it and we all know that every dollar counts in our economy today. Get premium Real Estate services with my custom "Direct marketing home system". Hope to hear from you .