Anthea's Blog

Blog by Anthea Poon

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A More Balanced Market

May 31st, 2010
We are finallly seeing signs this month that we headed towards a more balanced market. Fewer if any multiple offers, price reductions and properties on the market for more than one week! This is inevitable considering the rising interest rates combined with the new government regulation that came into effect on April 19th, 2010. With so much overpriced product on the market, the only directio ...

Market update: Remainder of 2010 Forecast & April Summary

May 17th, 2010

Good News!

The chief economist of the BC Real Estate Association is Cameron Muir. He states that Real Estate sales have stabilized while inventories of unsold homes have risen, which is keeping pressure off prices and we should expext prices to remain stable for the rest of 2010. This will allow buyers to stay afloat from any furtherprice increases until the end of 2010.
"I anticipate prices wi ...

Spring 2010 MARKET UPDATE: New Mortgage Regulations and Post Olympics Effects

April 1st, 2010

The recent surge of new Buyers & Sellers in the Real Estate market has surfaced for a few reasons. The Olympics was an amazing experience for everyone and since they have come and gone people are focusing more on real estate and real life than celebrating and beer drinking! The warm weather really showcased the city and all the great visitors could not help to fall in love with our beautiful ...

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