Monthly Archives: January 2009

Will the Stimulus Package help Vancouver Real Estate?

Hi All,

The global recession has caused national governments around the world to enact huge stimulus packages to get their economies going. I think with the global nature of stimulus efforts we should pull out of this recession in line with the Bank of Canada and other commentators predictions by 2010.

What are your thoughts? Is it the end of the world? Are we going into another Great Depression?

I’d love to see your comments below.

I found this great interactive map on the Economist site and I wanted to share it. If you click on the countries you can see the details of each countries stimulus package.

When Will The Vancouver Real Estate Market Hit Bottom? Price Momentum in Real Estate

Price Momentum in Vancouver Real Estate – Its Falling Now, But When it Goes Up We Won’t Know Until A By Mike Stewart
View in HD Download 480p Version Visit Mike Stewart’s ExposureRoom Videos Page

When will Vancouver Real Estate hit bottom?

That is a question I get asked all the time. Like I have said in comments my post on Why Vancouver Real Estate Prices Go Up and Down, if I knew when the Vancouver Real Estate Market was going to bottom, I would no longer be working…

What we can say for sure is where the market is going over the next little while and this is based on the consensus of expectation.

There is a general consensus in Vancouver among buyers and sellers of real estate that prices will continue to fall and buyers and sellers are acting accordingly.

We will see the bottom of the Vancouver Real Estate market when buyer and seller expectations diverge and the consensus is broken.  Buyers will still be thinking prices are coming down and sellers will have some good news to give them hope that if they hold there will be hope going forward of hight future prices. Price will start to rise and a new consensus will form based on rising prices.

I can’t wait!

I’d love to hear your thoughts 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.

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…