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The Ultimate Bulls/Bears Real Estate Guide | B.C. Real Estate | 2008 Downturn | BCBusiness

vancouverviewcondos — Wed, 30 Dec 2009 21:09:34 +0000

This is an excellent article written by Jim Sutherland of BC Business, regarding the BC Real Estate Market – from both a positive and negative perspective, with his “Referree” comments after each component that has an impact on the past & future of the market.

The Ultimate Bulls/Bears Real Estate Guide | B.C. Real Estate | 2008 Downturn | BCBusiness

Whistler Real Estate and the Olympics....

whistlerheather — Tue, 22 Dec 2009 00:26:52 +0000

My girlfriend Carolyn asked me why I haven’t blogged about Real Estate yet…..Today we will talk Real Estate in the Resort Municipality of Whistler…. I am qualified to talk on this subject… I am an expert on real estate….

20 years of Selling Real Estate, Brokering, and a Diploma in Urban Land Economics at UBC…should do this….right? Not necessarily so…..

It is my opinion that real estate is a very complicated subject – when one asks “How is the Market?” A general blanket statement from anyone is just wrong…. and not the least bit helpful…. Every segment of a market needs to be micro analyzed… the condo market is not the same as the housing market…and the $500,000 market is certainly different then the $2,000,000 market….the product is even vastly different. That is why I will attempt to share my knowledge and hopefully create a better picture for your view on real estate in Whistler…..

Today I said I’d talk about the Olympics and historic similarities with Real Estate in other areas….I will however get back to markets, related values, and investment in another blog….

We’ll look today at Park City Utah 2002 Olympics… http://bit.ly/3RVwK5 Opening Ceremonies http://bit.ly/5U3Ka7 Statistics Park City

How it went in Park City

Leading up to the Salt Lake 2002 Olympics was 911 as we all know and recognize today…. It sent a lightening bolt of fear – clear across the land… My good friend Dennis Hanlon from Park City (who is a realtor with Prudential Utah Real Estate) told me when I visited in 2004 that they thought this event alone would paralyze their real estate market…just after the attack prices did fall in Park City…. and the market did slow down…another contributing factor was not terrorism but the infrastructure that needed to be put in place for the 2002 Olympics… The army, policing, the building of the venues, and then the training needed by the Olympians… The market in 2002 during the Olympics was very quiet….The Olympics inspires a new in crowd….not your regular skier, or tourist; remember every Olympic sponsor and corporation brought with them as many clients as they had tickets to share; and with them came an entourage of party seekers..after all this was the Olympics…..the real estate inventory started to build up… the listings were at an all time high.

The Boom

Right after the excitement left town… Park City and all their residents experienced what became known as “An Olympic Hangover” …. and then the market caught fire…. real estate in Park City started to move…and it was a good market…By 2003 the market had experienced a full recovery… http://bit.ly/6G0z5s (This incredible link will back up the numbers we are talking about…MLS statistics) Just ONE YEAR after the 2002 Olympics war broke out in Iraq….The second GUlf War - March 20th 2003. The state of the union was in an uproar…Yet Real Estate was still selling in Park City… one of the side effects of war is it can stimulate the economy…… keep in mind that on July 2nd, 2003 Whistler together with the city of Vancouver was awarded the 2010 Winter Olympic and Paralympic Games….

It was not until 2005 that Park City experienced real estate heading north… and I don’t mean to Canada… I mean the value of your investment was increasing… Similar to the rest of the country.. Practically everywhere in North America was experiencing a real estate boom….Which leads me to ask you….Do you think the Olympics did this or the overall state of the economy? Diversification of portfolio’s…from stocks (at the time a loosing battle)…..to real estate…. Could it be…….The old saying … “Real Estate has always been a great (safe) place to park your hard-earned dollars”….

We do know that having the eyes of the World upon you is the best marketing anyone could pay for..a rare opportunity. Right now Whistler is known to 8% of the people in developed nations… … this figure is speculated to grow to 24% ….But to award the Olympics the mighty Gold Medal for increased values for homes…could be a tad presumptuous….Although I am counting on it for my investment…

I am going to blog about the state of Whistlers union next…..stay tuned…or click on the left hand side of my blog for a subscription…yes it is free…today!

Five Percent Increase in House Prices Predicted in Next Few Months

vancouverrealestateagent — Fri, 11 Dec 2009 17:43:43 +0000

There’s a slight lull in the market, but there are still ‘deals’ available for those willing to do careful research. I would recommend buying before the Olympics if you can, because prices are probably going to rise about five percent in the next couple of months.

Please feel free to contact me at 604-618-6888 or at peter(at) peterjensenhomes(dot)com for more information or to set up an appointment.

I’d love to hear your thoughts. Please leave me a comment below.

Greater Vancouver Real Estate Stats - November 2009

Patricia Fu — Thu, 03 Dec 2009 03:24:32 +0000

Below is the press release from the Real Estate Board of Greater Vancouver. Once again, demand was unusually high for the time of year, in some areas, there were even cases of multiple offers!

Click here for the full stats package.

~ PFu

Strong demand carries into late fall

Home values continued to edge upward in November as demand in the Greater Vancouver housing market remains well above seasonal norms.

Over the last 12 months, the MLSLink® Housing Price Index (HPI) benchmark price for all residential properties in Greater Vancouver increased 12.4 per cent to $557,384 from $495,704 in November 2008. This price, however, remains down 1.9 per cent from the most recent high point in the market in May 2008 when the residential benchmark price sat at $568,411.

“This unseasonably high level of demand can be attributed in large part to low interest rates, but it also speaks to the diverse range of housing options available in Greater Vancouver,” Scott Russell, Real Estate Board of Greater Vancouver (REBGV) president said. “Prospective homebuyers today have more options at different price levels than ever before.”

The REBGV reports that residential property sales in November were the third highest volume ever recorded in Greater Vancouver for that month. Sales in the region totalled 3,083 in November 2009, an increase of 252.7 per cent compared to November 2008 when 874 sales were recorded and a 16.8 per cent decrease compared to the 3,704 sales recorded in October 2009.

“We are experiencing a brisker than normal market for this time of year, although we have begun to see a reduction in the number of homes listed for sale, which is normal as we head into the holiday season,” Russell said.

New listings for detached, attached and apartment properties in Greater Vancouver totalled 3,653 in November 2009. This represents a 21.3 per cent increase compared to November 2008 when 3,012 new units were listed, and a 26.6 per cent decline compared to October 2009 when 4,977 properties were listed on the Multiple Listing Service® (MLS®) in Greater Vancouver.

At 11,039, the total number of property listings on the MLS® decreased 8.6 per cent in November compared to last month and declined 39 per cent from this time last year.

In contrast to this year, note that November 2008 was the lowest selling November in Greater Vancouver in 27 years.

Sales of detached properties increased 261.5 per cent to 1,164 from the 322 detached sales recorded during the same period in 2008. The benchmark price, as calculated by the MLSLink Housing Price Index®, for detached properties increased 13.6 per cent from November 2008 to $757,209.

Sales of apartment properties in November 2009 increased 240.5 per cent to 1,396 compared to 410 sales in November 2008. The benchmark price of an apartment property increased 11.6 per cent from November 2008 to $381,945.

Attached property sales in November 2009 are up 268.3 per cent to 523, compared with the 142 sales in November 2008. The benchmark price of an attached unit increased 10.2 per cent between Novembers 2008 and 2009 to $469,686.

Video Blog - New Feature on Balasabas.com for Investors searching for Rental Properties

soldbyrob — Tue, 01 Dec 2009 06:12:32 +0000

Blog #9 – November 30, 2009

Rob Balasabas of the Balasabas Real Estate Team video blogs about the new tool on www.Balasabas.com that will make it easier for Investors searching for Rental Properties in the Greater Vancouver and Fraser Valley area.

If you agree or disagree with our take on this Vancouver Real Estate issue, send your email to rob@balasabas.com or visit http://balasabas.com/video-blogs.html for all of our Real Estate Video Blogs.

Make sure you also add us on twitter at http://www.twitter.com/rob_balasabas

Risk is a fact of life

altapacific — Tue, 01 Dec 2009 01:03:02 +0000

Risk is a fact of life; whether you’re purchasing equities and watching them rise or fall, buying a new condo construction and hedging your bets on the increase in values, or even getting married (lets face it the numbers state it has a 60% success rate; or said another way, a near 40% failure rate). There’s even risk in the mortgage business… calculated risks; but risks nonetheless.

We all have to live our lives, increase our wealth, and raise our families. So that means taking some risks along the way and doing so with our eyes wide open.

Keeping up with the news in Canadian business and Canadian real estate can be a wearisome task. Wednesday November 25th saw the Vancouver Sun reporting B.C. home affordability takes a hit as prices rise in hot market; according to RBC. Three days later, the Calgary Herald reports that Alberta’s resale market readies for rebound. Sometimes we even look to our neighbors south of us with some curiosity; for example, The Financial Post ran an article two Friday’s ago explaining Why U.S. mortgage-interest deductibility won’t come to Canada; again giving us something to think about. There is also a very interesting edition of Focus Newsletter from BMO Capital Markets that highlights some of the week’s top financial topics (this week’s edition includes a very interesting article – starting on page 7 – that speaks to several worrisome trends in Canada). You’ll need Adobe Acrobat to open this PDF link.

At the end of the day, and with all the swirling news and information, one has to trust his/her gut instincts and consider the facts. Be cautious and brave (maybe even in marriage).

At Alta Pacific Mortgages we invite you to learn about our approach to earning a healthy return for our investors. We tirelessly watch the news as well as the facts and figures for BC, Alberta – all of Canada for that matter. We are excited about the future in placing mortgages in the Western Canadian market as much as we’re proud of our past. We look forward to speaking with anyone that would like to discuss the option of investing in Canadian real estate by investing in Canadian mortgages. Investing in a MIC (Mortgage Investment Corporation) might just be the right fit for you. We believe it’s a wise move if you’re aligned with the right team.

Alta Pacific Mortgages

Security. Growth. Transparency.

Video Blog - HST and the impact it will have on Vancouver Real Estate

soldbyrob — Mon, 30 Nov 2009 03:51:34 +0000

Blog #8 – November 29, 2009

Rudy Balasabas of the Balasabas Real Estate Team blogs about the Harmonized Sales Tax (which is set to take effect on July 1, 2010) and what it means for Vancouver Real Estate.

If you have any questions or would like more information on the HST or any other taxes concerning Real Estate, send your email to rudy@balasabas.com or visit http://balasabas.com/video-blogs.html for all of our Real Estate Video Blogs.

Condo lineups return to Vancouver

soldbyrob — Sun, 29 Nov 2009 18:20:46 +0000

Investors brave the rain for shot at a pre-sale

The buzz is back.

In scenes rarely seen since the Vancouver real-estate market peaked in early 2008, a horde of hungry investors lined up for hours in a downpour Saturday to get first dibs on pre-sale condo units in a tower to be erected in Yaletown.

Cam Good, who is heading up marketing for “The Mark” by Onni, said some investors even slept outside Friday night to ensure prime line-up positions.

“We’re blown away by the turnout,” Good said from inside the downtown pre-sale centre as about 50 investors scrambled around a model of the building.

He said 190 units in the first 26 floors of the tower, to be completed in 2013 and located at the corner of Pacific and Seymour, were offered in the release, and prices ranged from about $320,000 to more than $900,000.

Developers hope to get approval for 41 floors, Good said, with top-floor sales targeted at international investors expected to be in Vancouver for the 2010 Olympics in February.

While the global debt and credit crisis continues to haunt developments in former real-estate hotspots like Dubai in the United Arab Emirates, Good said Vancouver is back in boom times.

“The [real-estate] strength in Vancouver is unlike anything in the world,” Good said.

Mayur Arora, who told The Province he hoped to land a top-floor unit, and his realtor K.D. Dhaliwal, said location and scarcity make the site an attractive investment.

“I’m here because they are selling Yaletown at today’s prices, but the speculation is [that] prices will go up after the Olympics,” Arora said.

Steve Dhana was amazed by speculator interest as he watched investors rushing to place bids on units.

“The prices went up $50,000 last night,” Dhana said. He hoped to buy a unit in the $500,000 price-range, and also expected prices to surge in February 2010.

The City of Vancouver will also be banking on an Olympics-fuelled condo boom at the $1.2-billion Athletes Village on southeast False Creek. Marketer Bob Rennie decided to take project units off the market until after the 2010 Games. The city hopes to recoup taxpayer dollars on the property by selling about 730 market condos.

According to the latest benchmark figures from the Real Estate Board of Greater Vancouver, October 2009 prices for all residential properties in Greater Vancouver increased 6.8 per cent to $553,702 from $518,668 in October 2008.

Residential property sales in Greater Vancouver totalled 3,704 in October 2009, an increase of 4.1 per cent from the 3,559 sales recorded in September 2009, and an increase of 171.6 per cent compared to October 2008.

scooper@theprovince.com
© Copyright (c) The Province
By Sam Cooper, The Province

Housing affordability slides in Canada, report by RBC

soldbyrob — Fri, 27 Nov 2009 07:56:08 +0000

Home ownership costs in Canada have become more expensive for the first time in six quarters and affordability will continue to deteriorate in the coming months, a study said Wednesday.

Costs have increased across all housing segments, according RBC’s quarterly housing affordability report.

Rising house prices and a small increase in mortgage rates were the key reasons, the bank said. Prices in Canada’s resale housing market have jumped 12 per cent on a weighted average basis from last year, according to Canadian Real Estate Association figures released earlier this month.

“Home affordability deteriorated in all provinces and major markets in Canada due to a slight rise in key mortgage rates and appreciation in property values,” said Robert Hogue, RBC’s senior economist.

While homeownership has gotten costlier, affordability is still better than it was a year ago, it said.

The bank’s housing affordability report tracks the proportion of pretax household income needed to service the costs of owning a home. All types of housing have gotten pricier, with the biggest percentage increases in standard two-storey homes.

Demand in the housing market has outgrown supply since the rebound started last winter, the report said, leading to a much more competitive market and widespread price increases across much of the country.

Housing will likely get pricier in the coming months, it said.

“With such strong momentum in the housing market and the cyclical low in mortgage rates behind us, it seems unlikely that affordability will improve in the near future,” Mr. Hogue said.

“The housing market still faces obstacles, as mortgages have become more difficult to handle for many Canadians amid challenging labour conditions. This is likely to persist until the economic recovery is well established and job creation is sustained next year.”

Source: Tavia Grant, Globe and Mail, Published on Wednesday, Nov. 25, 2009 8:25

Visit us at http://www.Balasabas.com for FREE Real Estate Info in the Fraser Valley and Greater Vancouver.

Follow us on Twitter (http://twitter.com/rob_balasabas)

Call us anytime at 778-889-6213 or send us an email to rob@balasabas.com.

Who's buying a grow-op? Quick Tip before you do!

soldbyrob — Wed, 25 Nov 2009 07:02:28 +0000

Blog #7 – November 24, 2009 Rob Balasabas of the Balasabas Real Estate Team video blogs about the reasons why he doesn’t advise his Buyers to buy a previous grow-op home, unless you’re planning to knock it down and build a new home.

If you agree or disagree with our take on this Vancouver Real Estate issue, send your email to rob@balasabas.com or visit http://balasabas.com/video-blogs.html for all of our Real Estate Video Blogs.

Make sure you also add us on twitter at http://www.twitter.com/rob_balasabas

Dealing with Odor

Patricia Fu — Tue, 24 Nov 2009 03:46:03 +0000

Every home comes with its own unique scent – it could be the smell of new carpet or the smell of a pet. It is actually the first thing most people notice when they walk into a home.

You are probably used to the way your home smells, so you may not think much of it. Ask a close family member or friend who will give you an honest opinion if you are unsure.

If you think your home needs some freshening up or to combat undesirable odors, you can try the following:

Open windows to let fresh air in and the stale air out
Minimize pet odors by vacating your pets prior to showings and vacuuming to remove pet odors from furniture and carpet
Running a lemon through the kitchen garburator can remove unpleasant garburator smells
Using scented candles would be a good idea as many people enjoy vanilla based scents, such as French vanilla, crème brûleé, and scents related to baking, which enhance the potential buyer’s first impression of your home
Other scents that might also be pleasant to buyers are the scent of clean laundry and citrus smells which indicate a clean home

For really strong odors, you may need to get your carpet and draperies cleaned professionally. Putting on a coat of fresh paint also freshens up the house. Keep your bathrooms dry as moisture tends to add odors to the home.

~ PFu

October 2009 Greater Vancouver Real Estate Stats

Patricia Fu — Sun, 22 Nov 2009 05:06:38 +0000

Below is the press release by the Real Estate Board of Greater Vancouver regarding the real estate market in October 2009.

Click here to download the complete stats package.

~ PFu

High sales levels spur rise in home values

VANCOUVER, B.C. – November 3, 2009 – Strong demand has led to a steady rise in Greater Vancouver home prices compared to last year.

Over the last 12 months, the MLSLink® Housing Price Index (HPI) benchmark price for all residential properties in Greater Vancouver increased 6.8 per cent to $553,702 from $518,668 in October 2008.

“While home prices have been rising in 2009, they have not eclipsed the peaks reached in early 2008,” Scott Russell, Real Estate Board of Greater Vancouver (REBGV) president said. “We’re coming off several months of unseasonably high sales levels, which has allowed for a gradual increase in home values this year,”

The REBGV reports that residential property sales in Greater Vancouver totalled 3,704 in October 2009, an increase of 4.1 per cent from the 3,559 sales recorded in September 2009, and an increase of 171.6 per cent compared to October 2008 when 1,364 sales were recorded. Looking back two years, last month’s sales increased 22.3 per cent compared to October 2007 when 3,028 sales were recorded.

“High confidence and low mortgage rates are continuing to drive the activity we’re seeing in the housing market today,” Russell said.

New listings for detached, attached and apartment properties in Greater Vancouver totalled 4,977 in October 2009. This represents a 2.3 per cent increase compared to October 2008 when 4,867 new units were listed, and a 13.4 per cent decline compared to September 2009 when 5,764 properties were listed on the Multiple Listing Service® (MLS®) in Greater Vancouver.

At 12,084, the total number of property listings on the MLS® decreased 4.1 per cent in October compared to last month and declined 37 per cent from this time last year.

Sales of detached properties increased 201.6 per cent to 1,487 from the 493 detached sales recorded during the same period in 2008. The benchmark price, as calculated by the MLSLink Housing Price Index®, for detached properties increased 7.7 per cent from October 2008 to $749,808.

Sales of apartment properties in October 2009 increased 148.4 per cent to 1,607, compared to 647sales in October 2008. The benchmark price of an apartment property increased 6.3 per cent from October 2008 to $380,975.

Attached property sales in October 2009 are up 172.3 per cent to 610, compared with the 224 sales in October 2008. The benchmark price of an attached unit increased 4.6 per cent between Octobers 2008 and 2009 to $468,798.

New house prices up more than expected

soldbyrob — Wed, 18 Nov 2009 17:36:00 +0000

OTTAWA — New home prices rose more than expected in September as the country real estate market showed more signs of recovery.

Statistics Canada said Thursday its price index rose 0.5 per cent during the month — the biggest monthly increase since January 2008 — following a 0.1 per cent gain in August.

Economists had forecast an increase of 0.2 per cent in September.

Prices rose the most in Vancouver, up 1.4 per cent from August, followed by Ottawa–Gatineau, up one per cent. Calgary was 0.6 per cent higher, and Toronto, Oshawa, Ont., and Saskatoon were all up 0.5 per cent.

The biggest declines were in Windsor, Ont., down 0.7 per cent, Sudbury, Ont., and Thunder Bay, Ont., both down 0.5 per cent, Victoria, off 0.2 per cent, and Edmonton, where prices were 0.1 per cent lower.

Visit us at http://www.Balasabas.com for FREE Real Estate Info in the Fraser Valley and Greater Vancouver.

Call us anytime at 778-889-6213 or send us an email to rob@balasabas.com.

Market Forecast for 2010 looks promising.

realtessa — Tue, 17 Nov 2009 02:42:23 +0000

The unfolding of the economic recovery is predicted to be gradual, with a considerable increase in the year 2010. “British Columbia’s residential sales are estimated to increase 20 per cent to 82,900 units this year from 68,923 units in 2008. Residential sales in 2010 are forecast to increase a further 8 per cent to 89,600 units.”

Prices for the residential properties are also expected to set a new high in 2010, with a predicted increase of and additional 4% compared to 2009. To view statistics of this forecast, go to CREA’s full report page.

Is Canada still stuck in recession? The indicators say yes, no and maybe

soldbyrob — Tue, 10 Nov 2009 15:58:37 +0000

In this world, you either work for a business or run a business (big or small) – which means the ‘recession’ affects your day-to-day activities. What’s your take on this question: “Is the recession over?”. Well, Harvey Enchin of the Vancouver Sun gives us his take…..

Economies tend to free-fall into recession, but the road back is long and full of potholes

By Harvey Enchin, Vancouver Sun

It’s one of life’s great frustrations that economies tend to free-fall into recession but recover in fits and starts.

History shows it can take two or three times longer to climb from the trough to the peak than it takes to go the other way. In fact, an entire generation passed before the losses from the Great Depression were recovered.

Using the Toronto Stock Exchange as a proxy for the Canadian economy, it took 12 months for the composite index to drop 45 per cent during the 1981-82 recession, but two years to recover the lost ground. And it took four years to regain the one-year, 25-per-cent decline associated with the recession that began in the second quarter of 1990.

The latest economic indicators do not suggest a recovery that will deviate from the norm. “The road to recovery will be full of potholes and detours,” the Financial Post warned last spring.

The economy hit one of those potholes last month when 43,000 jobs were lost, raising the unemployment rate nationally to 8.6 per cent from 8.4 per cent and reversing two months of job gains. In British Columbia, employment fell by 12,900, which drove the unemployment rate to 8.3 per cent from 7.4 per cent. Over the past 12 months, employment in B.C. has fallen by 52,000 jobs, or 2.2 per cent.

Speaking of detours, the value of non-residential building permits in B.C. dropped $387 million, or 68 per cent, in September from an exceptional surge in August, when permits rose to the highest level in 10 years, spurred by the government’s fiscal stimulus. In the first nine months of 2009, permits are down 10.5 per cent from a year ago. Commercial vacancies are rising and rents are softening. Central 1 Credit Union forecasts a 20-per-cent drop in non-residential construction investment this year.

These figures reflect flatlining gross domestic product, which showed no growth in July and a small contraction in August. Without a significant jump in September, third-quarter GDP could be negative; announcements a few weeks ago heralding the end of the recession would be proven premature.

Economists had expected the downturn to trim GDP by about 3.3 per cent peak to trough, and that would be good news since it is less severe than the 3.4 per cent drop in the early 1990s or the 4.9-per-cent decline in the 1981-82 recession. But they had also predicted growth of two per cent in the July-to-September period and that now seems all but impossible.

On the positive side, Canada’s residential real estate rebound has been remarkable, and the dip — where there was one — was shallow and fleeting. According to the Canadian Real Estate Association, existing home sales across Canada in the latest three months climbed to the highest level of any third quarter on record. In Vancouver, year-over-year sales were up 128 per cent. Housing starts were also up in October, with a seasonally-adjusted annual rate of 157,300 units, up from 149,300 in October, generally meeting economists’ expectations.

After Canada’s bravado about its conservative fiscal policies, solid banking sector, manageable household debt and other virtues that allowed it to weather the recession better than other places, notably the United States, it appears the country remains mired in recession while the U.S. has recorded robust GDP growth of 3.5 per cent in the third quarter. Of course, the U.S. economy was prodded by massive stimulus and the recovery may retreat when it is withdrawn. But if it is sustained, the U.S. will easily surpass Canada’s economic growth, given the trends seen so far.

Canada may have been too smug to assume its only problem was weak demand for exports, which account for roughly 40 per cent of the economy.

There may be more homegrown economic issues to be addressed than the political elite has acknowledged.

henchin@vancouversun.com

Visit us at http://www.SOLDinBC.com for FREE Real Estate Info in the Fraser Valley and Greater Vancouver.

Call us anytime at 778-889-6213 or send us an email to rob@balasabas.com.

October Stats Release by Greater Vancouver Real Estate Board

soldbyrob — Wed, 04 Nov 2009 16:00:42 +0000

Click this link to view the full Stats package.

Vancouver Real Estate After the Vancouver 2010 Olympics: Up or Down?

vancouverrealestateagent — Tue, 03 Nov 2009 23:26:25 +0000

Will the Vancouver 2010 Olympic Games effect real estate prices? Yes, I think they will. More people are going to be coming to Vancouver, and the region will hold the world’s attention. I’ve already had a more international crowd shopping for homes. This increased attention is going to boost housing prices. Check out the video for more details.

What do you think will happen to Vancouver real estate after the games? Leave me a comment to share your thoughts.

Please feel free to contact me at 604-618-6888 or at peter(at) peterjensenhomes(dot)com for more information or to set up an appointment.

I’d love to hear your thoughts. Please leave me a comment below.

The Vancouver Real Estate Market is Smoking! July 2009 One of the Best Summers Ever

vancouverrealestateagent — Sat, 31 Oct 2009 23:25:56 +0000

The Vancouver Real Estate boom continued in July of 2009. Most sellers who listed with a good agent were selling their homes with multiple offers. Prices were down from the year before and so were interest rates, which helped home buyers.

Watch my video for more information.

Please feel free to contact me at 604-618-6888 or at peter(at) peterjensenhomes(dot)com for more information or to set up an appointment.

I’d love to hear your thoughts so please leave me a comment below.

SOLD! #906 - 1185 Quayside Drive, New West (Riviera Building)

soldbyrob — Fri, 30 Oct 2009 04:43:19 +0000

GONE!!! FOR $373,500

Enjoy the lifestyle at the Quay! Bright and spacious 3 bedrooms + den, corner unit, Like New! New engineered H/W flooring, new paint, large new upgraded kitchen with granite countertop & top of the line Bosh appliances & eating area, upgraded light fixtures, super large master bdrm w/ deluxe ensuite, walk-in closet. Walk to shopping & skytrain! Enjoy the boardwalk, the river cruise & afternoon tea at the public market while watching the boats drift by! Move in and enjoy! Move in anytime.

If you have any questions about the Buying or Selling your condo/townhome, we invite you to email or call us anytime.

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Rob Balasabas
ReMax Central Real Estate
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Vancouver Real Estate - June 2009

vancouverrealestateagent — Wed, 28 Oct 2009 23:29:51 +0000

Well-listed Vancouver properties were selling like hot cakes in June with the exception of those listed over two million. If properties weren’t moving, it was because they were priced too high. I can help you price well to sell. Watch my video for more details.

Please feel free to contact me at 604-618-6888 or at peter(at) peterjensenhomes(dot)com for more information or to set up an appointment.

I’d love to hear your thoughts. Please leave me a comment below.

The Vancouver Real Estate Market - May 2009

vancouverrealestateagent — Wed, 28 Oct 2009 23:29:23 +0000

May 2009 was a great time for people who wanted to sell and upgrade to a better Vancouver property. One of my clients upgraded and got a great deal! Check out the video for more details.

Please feel free to contact me at 604-618-6888 or at peter(at) peterjensenhomes(dot)com for more information or to set up an appointment.

I’d love to hear your thoughts. Please leave me a comment below.

The Vancouver 2010 Olympics - Will the Games Effect the Real Estate Market in Vancouver?

vancouverrealestateagent — Tue, 10 Nov 2009 00:36:32 +0000

It will be interesting to see what happens once the Vancouver Olympic fever dies down. I checked out some games-related, real estate trends from former Olympic-host cities. Generally, two things happen: one, unemployment goes way down, which is good for property prices, and two, an international crowd flocks to the city. I predict that more people will be moving to Vancouver, which will drive prices up. What do you think will happen? I’d love to read your comments.

Please feel free to contact me at 604-618-6888 or at peter(at) peterjensenhomes(dot)com for more information or to set up an appointment.

I’d love to hear your thoughts. Please leave me a comment below.

Peter's Review of the Vancouver Real Estate Market - August 2009

vancouverrealestateagent — Sun, 01 Nov 2009 23:28:25 +0000

The Vancouver residential real estate market was smoking during August. I’ve never been so busy (and I’ve been practicing real estate in Vancouver for 26 years!) Check out the three-minute video to find out why real estate took off during a recession!!!!

Please feel free to contact me at 604-618-6888 or at peter(at) peterjensenhomes(dot)com for more information or to set up an appointment.

I’d love to hear your thoughts. Please leave me a comment below.