Tag Archives: real estate

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

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!

Posted in: For Sellers
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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
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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!

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