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Tag Archives: Downtown Vancouver
A Cool Animation That Visualizes the Credit Crisis of 2008-2009 by Jonathan Jarvis
The Currency Crisis Explained in Animation! By Mike Stewart
View in HD Download 720p HD Version Visit Mike Stewart’s ExposureRoom Videos Page
View in HD Download 720p HD Version Visit Mike Stewart’s ExposureRoom Videos Page
I saw this great animation about the Credit Crisis and I thought I’d share it. Its by Jonathan Jarvis as part of his thesis work in the Media Design Program, a graduate studio at the Art Center College of Design in Pasadena, California.
The Crisis of Credit Visualized from Jonathan Jarvis on Vimeo.
What do you think?
When will Vancouver Real Estate Prices Hit Bottom? Beware of Those Telling you its Happening as its Happening!
Hi All,
Pretty much everyday someone asks me when prices in the Vancouver real estate market will hit bottom and everyday I say I don’t know.
I say I don’t know, because I don’t have a crystal ball and can’t see the future and as I licensed Realtor I can be liable if people take a hit relying on my predictions.
There are people out there who are saying they KNOW when the prices will hit bottom and they can tell when prices are bottoming as they are hitting bottom. Don’t trust these people!
What happens if prices stabilise and a bottom is called and then prices fall again? Nobody can accurately predict a market bottom and don’t trust those who say they can.
The market bottom can only accurately ascertained with 100% certainty AFTER it has been hit.
In making your decisions about buying or selling real estate and timing your transactions, do your own research. Read widely and speak to a variety of people with different viewpoints. Don’t rely on those who have simple answers that are too easy.
If something is too good to be true, more than likely it isn’t true.
Please leave a comment, I’d love to hear your thoughts!
Posted in: For Buyers, For Sellers
Tags: 2010 and after., bc, canada, central bank, Downtown Vancouver, Downtown Vancouver Real Estate and Economics, economics, falling real estate prices, how much will the vancouver real estate market fall, is the vancouver real estate market still going to fall, learned predictions for vancouver home prices in 2009, negoatiation tactics., predicting the future, real estate economics canada, real estate market timing, real estate predictions, real estate pricing strategy, vancouver real estate, vancouver real estate bubble, Vancouver real estate predictions, vancouver real estate predictions 2009, Vancouver Real Estate Prices, when will prices in Vancouver stop falling, when will the real estate market hit bottom, when will the Vancouver market hit bottom, will vancouver real estate go down
23 Comments
American Buyers are back in the Vancouver Condo Market. Could this be a sign?
American buyers are back in the Vancouver Condo Market in 2009! By Mike Stewart
View in HD Download 720p Version Visit Mike Stewart’s ExposureRoom Videos Page
View in HD Download 720p Version Visit Mike Stewart’s ExposureRoom Videos Page
Hi All,
American buyers are back in the Vancouver Condo Market! A good exchange rate for US buyers and the fact that some individuals and companies Stateside are weather the storm well means our American freinds and neighbours are back.
Is this a sign that Stimulus is bringing confidence back?
On another note this Video is the first I have shot with my new Flip Mino HD Camera. I’d love to hear your thoughts and feedback on the camera and this video from a technical perspective.
I’d love to hear your thoughts! Please leave a comment below!
Will Inflation make a Comeback and How Will it Affect Vancouver Real Estate?
Inflation and Vancouver Real Estate – Will Inflation be an Isssue 2-3 years out? By Mike Stewart
View in HD Download 480p Version Visit Mike Stewart’s ExposureRoom Videos Page
View in HD Download 480p Version Visit Mike Stewart’s ExposureRoom Videos Page
Stimulus packages coupled with ultra low interest rates are attempts by national governments and central banks to reflate economies around the world. If these efforts are successful (I think they will) I think inflation will be an issue in 2-3 years in Canada. I think elected politicians and to a lesser extent central bankers will find it very difficult to stop priming the pump once things improve.
I think changes in the Chinese economy will also push up inflation as we move forward. A 2007 Report by the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP) has said inexpensive Chinese exports have kept inflation around the world in check. As China develops though, the cost of China’s labour becomes more expensive, pushing up costs for the huge amount of simple products it exports around the world.
How does this relate to Vancouver Real Estate?
Inflation will cause prices and rents in Vancouver to increase while fixed rate mortgages locked in before inflation hits will decline in real and nominal value at an accelerated rate. Equity will increase at an accelerated rate for those with fixed rate mortgages.
Variable rate mortgage holders would see their rates and possibly payments rise in line with Bank of Canada rate increases to combat inflation.
If inflation does re-appear it will be very interesting time in the Vancouver Real Estate Market.
I’d love to hear everyone’s thougths!