Happy New Year! another year gone by
Happy New Year! another year gone by
In my personal opinion, higher priced markets account for smaller share of sales 2013. Sales shift to more moderately priced homes. Sellers not pressed to sell at a discount. Average sales price will be lower due to the shift of the market price. Buyer will not see the big discount on housing price that they are hoping for.
Rental market demands keep vacancies low. It remains strong due to migration driven population less likely to enter homeownership immediately. Since the market is soft, it is an awesome market for investors especially condo prices has been stable since late 2009 and will remain stable this year. Why get 1%-2% interest return from the bank when you can get 6%-7% return on your investment in today's market. As long as you are a long term investors, Vancouver market remain prosperous. As a home buyer, lots of choices, no pressure to make decision but remember, good value listings still sell fast.
In my personal opinion, higher priced markets account for smaller share of sales 2013. Sales shift to more moderately priced homes. Sellers not pressed to sell at a discount. Average sales price will be lower due to the shift of the market price. Buyer will not see the big discount on housing price that they are hoping for.
Rental market demands keep vacancies low. It remains strong due to migration driven population less likely to enter homeownership immediately. Since the market is soft, it is an awesome market for investors especially condo prices has been stable since late 2009 and will remain stable this year. Why get 1%-2% interest return from the bank when you can get 6%-7% return on your investment in today's market. As long as you are a long term investors, Vancouver market remain prosperous. As a home buyer, lots of choices, no pressure to make decision but remember, good value listings still sell fast.
Tina Mak Personal Real Estate Corporation
Your Vancouver Radio Realtor
(The Bridge from East to West since 1992)
#1 Female Agent since 2002 @ Coldwell Banker Westburn Rlty
President of AREAA Vancouver
Canadian Ambassador of Coldwell Banker 2011
Co-host of AM1320 Radio Investment Show
International President's Circle Award
Gold Master Medallion Award in Vancouver Real Estate Board
5489 Kingsway, Burnaby
B.C. V5H 2G1
Tel: 604-412-5860
www.TinaMak.com (English)
www.TinaMak.ca (温哥华中文地產網頁)
www.WestNoblerealestate.ca (Commercial site)
Email: tinamak@tinamak.com
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