Blog : Tina Mak - Coldwell Banker Westburn Realty

February 1st, 2009

Lower Mainland Real Estate in 2008 Mostly negative stuff is found in the news because it sells. It’s no secret that sales are down (by 35% unit volume compared to 2007) and prices off by 15% (Greater Vancouver benchmark price from May highs to Dec lows). Expectations are that prices may drop a further 9% or more. Meanwhile interest rates are now at 50 year lows in Canada making it an exce ...

Posted in Vancouver

February 1st, 2009

Lower Mainland Real Estate in 2008 Mostly negative stuff is found in the news because it sells. It’s no secret that sales are down (by 35% unit volume compared to 2007) and prices off by 15% (Greater Vancouver benchmark price from May highs to Dec lows). Expectations are that prices may drop a further 9% or more. Meanwhile interest rates are now at 50 year lows in Canada making it an exce ...

Posted in Vancouver

January 28th, 2009

Why a buyer's market is first time buyer market? Read this http://www.vancouversun.com/Homes/buyer+market+first+timer+market/1189135/story.html.

Posted in Vancouver

December 24th, 2008

Vancouver Real Estate Market Trend: In its most recent statistics release, the Real Estate Board of Greater Vancouver reports that residential property sales in Greater Vancouver declined 69.7% in November 2008 to 874 from the 2,883 sales recored in November 2007. Comparing to October 2008, sales volume dropped another 35%. I've heard lots of people, especially those in their g ...

Posted in Vancouver

December 17th, 2008

CBC News Vacancy Rates in Vancouver Falling vacancy rates push up rents across B.C. Last Updated: Thursday, December 11, 2008 | 2:40 PM ET CBC News The price of real estate may be dropping, but it is still getting harder and more expensive to find a rental apartment in Vancouver and much of B.C. The Canada Mortgage and Housing Corporat ...

Posted in Vancouver

November 30th, 2008

The Foreclosure Process in British Columbia In British Columbia, it is the judicial sale process that involves licensees most frequently. The petitioner or any of the respondents (i.e. 1st, 2nd or 3rd Mortgagee) can apply for a judicial sale, also known as a court-ordered sale, which will be carried out under the supervision of the court. The judicial sale begins with a Demand L ...

Posted in Vancouver

November 16th, 2008

Observation in today's Vancouver market The only hot topic these days is all about the world economic slow down. However, when I went to Whistler over the last weekend, I didn't feel that at all. I was trying to attend the Wine & Food festival but end up empty handed. 900 tickets were all sold out. Hotels were booked everywhere. The only restaurant we could book for dinn ...

Posted in Vancouver

July 27th, 2008

Back to Basics! The booming real estate market we had in the last few years involves a lot of real estate speculators besides the real home buyers. Buyers paid "Future Value" on the pre-sale project HOPING to make profit on top of the price they paid. A lot of the buyers bought more than one units in different projects around town expecting to make quick profit by completion day. Sin ...

July 21st, 2008

ARE YOU THE VICTIM OF THE PROPAGANDA? The state of the economy and greediness are two major elements that determined whether home owner will face financial hardship. As we know the US housing market is flooded with foreclosures and most of us worries if this will happen here in Canada especially in BC. Based on the Canadian Bankers Association tracks mortgage delinquencies -- w ...

Posted in Vancouver

July 4th, 2008

How do I take advantage of today's market? Buy when the market is less active and stop being a procrastinator. Nobody can time the peak market to sell nor the lowest market to buy. Traditionally, no matter it is stock or real estate market, buyers tend to buy when market goes up but hold off and watch when market is less active. I'm sure all the lines up at all the pre-sale project si ...

Posted in Vancouver

Coldwell Banker - Westburn Realty

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Blog by Tina Mak

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