Tag Archives: real estate

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

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!

Posted in: For Buyers, For Sellers
Tags: , , , , , , , ,
7 Comments

More Justification of Stimulus and What Should We Do Instead?

Hi All,

I recently posted on the stimulus pacakges being enacted around the world and it generated alot of conversation, which is great and I thank all those who participated.

I shot a video justifying my position and I’d like to share with you. I’d also like to hear what people who oppose the stimulus packages think should be done to deal with the financial cirsis we find out ourselves in.

I look forward to your comments!

Posted in: For Buyers, For Sellers
Tags: , , , , , , , , , ,
Leave a comment

Why do Real Estate Markets go up and down? Niall Ferguson's book explains this and much more…

The Ascent of Money by Niall Ferguson – Recommended by Mike Stewart Vancouver Realtor By Mike Stewart
View in HD Download 480p Version Visit Mike Stewart’s ExposureRoom Videos Page

The Ascent of Money. Wow! What a book! I read this book when I was away in Mexico growing this crazy red beard you see me with in all my recent videos.

Niall Ferguson is an Economic Historian at Oxford and Harvard Universities and the authour of several books. In The Ascent of Money, he accurately predicted the Credit Crisis of September 2008 in early 2008. Very impressive!

In Chapter 4 of his book he discusses Real Estate. If you are interested in why property prices go up and down, this should be required reading…

Have a look at the television version of The Ascent of Money on PBS.

I’ve posted some recent videos of him discussing The Financial Crisis and would love to hear your thoughts.

Posted in: For Buyers, For Sellers
Tags: , , , , , , , , ,
7 Comments

Lowball Offers – What they are, how to do it, and how to deal with one if you are a Seller

Lowballing Vancouver Real Estate

It’s a buyer’s market for Vancouver real estate these days and Lowballing is a great way for buyers to get the best deal possible. For sellers a Lowball is an opportunity to get an accepted offer in a time when these are scarce.

Many buyers are afraid to Lowball for fear of insulting the sellers. With a Lowball offer it’s like anything else in life, if you don’t try, you’ll never know!

I put a deal together at 2502-1483 Homer Street. The asking price was $1.1 Million and we got it for $97 Continue reading

Posted in: For Buyers
Tags: , , , , , , , , , , , , , , , , , , , , , , ,
4 Comments

Open Houses as a Marketing Tool for your Listing

 

Open Houses as a Real Estate Marketing Tool by Mike Stewart Downtown Vancouver Realtor By Mike Stewart
View in HD Download 480p Version Visit Mike Stewart’s ExposureRoom Videos Page

Hi All,

I’m a huge fan of open houses. They provide a low stress low anxiety atmosphere for potential buyers to see your listing. A lot of realtors don’t like to do open houses and feel they don’t do anything to sell a property.

THEY ARE WRONG!

Watch the video and let me know your thoughts.

Have a look at 3005-111 West Georgia Street. This is the suite I mention in the video.

Posted in: For Sellers
Tags: , , , , , , , , ,
7 Comments