Tina Mak

 

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 dinner costs $150 per person.  Thank heaven my friend got a property in Whistler or else we would be just driving up and down for nothing.    I'm so happy to read from the Vancouver Real Estate Board

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 -- which occur when mortgage payments are three or more months in arrears. The numbers are from Canada's seven major banks, which together issue about 60 per cent of the country's mortgages.  In B.C., up to April 2008, only 0.15 per cent of

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 sites in the past few years are still fresh in our mind.  Most likely you yourself or one of your friends were one of them too. 

One thing I don't get is Sellers tend to sell when everybody is selling which means lots

 

Is Vancouver housing price really that out of reach comparing to the rest of the world?   According to the May statistic provided by the real estate board of Greater Vancouver, which everybody can read on my website at www.TinaMak.com under Global Market Update page, once again, it shows the sales volume is down around 30% comparing to May, 2007 but price in average is still up approx. 8% comparing to last May.  With the continuous increasing inventories, we are happy to hear that we are now in a "Buyer Friendly Market".  Buyer doesn't need to rush into making decision and there are a lot more choices out there.