Because Experience Matters

Blog › February 2009

Recently Sold Listing 8428 East Boulevard BB, Vancouver, BC


V522572 - 8428 East Boulevard BB, Vancouver, BC, CANADAI have just recently sold this listing at 8428 East Boulevard BB, Vancouver.

Recently Sold Listing 741 East 62nd Ave, Vancouver, BC


V662500 - 741 East 62nd Ave, Vancouver, BC, CANADAI have just recently sold this listing at 741 East 62nd Ave, Vancouver.

Recently Sold Listing 173 East 59th Ave, Vancouver, BC


V654869 - 173 East 59th Ave, Vancouver, BC, CANADAI have just recently sold this listing at 173 East 59th Ave, Vancouver.

Recently Sold Listing 1377 East 63rd Ave, Vancouver, BC


V706464 - 1377 East 63rd Ave, Vancouver, BC, CANADAI have just recently sold this listing at 1377 East 63rd Ave, Vancouver.

Recently Sold Listing 1262 East 51st Ave, Vancouver, BC


V719603 - 1262 East 51st Ave, Vancouver, BC, CANADAI have just recently sold this listing at 1262 East 51st Ave, Vancouver.

New Listing 1428 W 64TH AV, Vancouver, BC


V753684 - 1428 W 64TH AV, Vancouver, BC, CANADAView my new listing for sale SOLD at 1428 W 64TH AV, Vancouver and currently listed at $939,000.SOLD

Best price, best area Churchill School close by. Very clean main floor living/dining rm/family rm/den/kitchen/big sundeck up, 4 bdrms, master bdrm ensuite and basement potential of bachelor suite. Very nice plan, 2 gas fireplaces. Meas approx. This house has big sundeck. Close to shopping/transportation. Must see.

New Listing 8378 SELKIRK ST, Vancouver, BC


V753687 - 8378 SELKIRK ST, Vancouver, BC, CANADAView my new listing for sale SOLD at 8378 SELKIRK ST, Vancouver and currently listed at $629,000.SOLD

Best in Marpole, quiet street. Granite throughout, hardwood floor, gas fireplace, maple kitchen, radiant heat, tile roof, main floor living room, dining room, kitchen and 3 bdrms up. Back unit. Meas. approximate.

Recently Sold Listing 1625 E 62ND Avenue, Vancouver, BC


V631424 - 1625 E 62ND Avenue, Vancouver, BC, CANADAI have just recently sold this listing at 1625 E 62ND Avenue, Vancouver.

Recently Sold Listing 535 E 53RD Avenue, Vancouver, BC


V648405 - 535 E 53RD Avenue, Vancouver, BC, CANADAI have just recently sold this listing at 535 E 53RD Avenue, Vancouver.

Recently Sold Listing 2689 E 54TH Avenue, Vancouver, BC


V684855 - 2689 E 54TH Avenue, Vancouver, BC, CANADAI have just recently sold this listing at 2689 E 54TH Avenue, Vancouver.

Recently Sold Listing 3565 NORMANDY DR, Vancouver, BC


v677307 - 3565 NORMANDY DR, Vancouver, BC, CANADAI have just recently sold this listing at 3565 NORMANDY DR, Vancouver.

New Listing 5388 EWART ST, Burnaby, BC


V752678 - 5388 EWART ST, Burnaby, BC, CANADAView my new listing for sale SOLD at 5388 EWART ST, Burnaby and currently listed at $585,000.SOLD

Gorgeous 5 bdrms 2 full baths. South Slope area with south views off the back and huge deck. Lots of mature plants and shrubs all around. Double carport off lane. Lots of updating, double glazed windows/vinyl siding roof 10 yrs/living rm w/ wood burning fireplace with sliding door that leads to huge deck. Formal dining rm w/ French door. Kitchen with oak cabinets and separate eating area. Bsmt has a 2 bdrm self-contained in-law suite rented @ $900. Walk to school/skytrain/minutes to Metrotown Shopping Centre. Meas. approximate. Open House Sat, May 30, 2-4 pm.

Where is the market now? Where is it going?


Economists predict modest recovery in 2010

 

In a session best characterized as sobering, keynote speakers at the annual Vancouver Board of Trade Economic Outlook talked about economic activity at home and abroad. Economists Dr. Sherry Cooper, Helmut Pastrick, and Cameron Muir agreed that a recession will continue in Canada in 2009, but will not last as long nor be as serious as the U.S. economic downturn.

 

As we move into 2010, we’ll see a pick-up in economic activity,. said Dr. Sherry Cooper, chief economist, BMO Capital Markets. .We’ll likely see a $16 billion stimulus package in Canada, or roughly one per cent of the economy...We’ll see lower growth in the future, and lower rates of re-turn. This will become the new norm..A concern, as she sees it, is not of rapid inflation in these times, but of deflation taking hold across our economy as consumer and business spending dries up. She expects inflation, as measured by the Consumer Price Index, will be negative in Canada for 2009, but will trend upward again in 2010.

Cooper said U.S. house prices have fallen about 24 per cent since their peak, and that inventory of unsold homes is at record high levels. She predicts that U.S. housing prices will continue to decline by a further 10 to 15 per cent before hitting bottom..The rebound in the U.S. housing market will be very slow. And banks will be much more hesitant in their mortgage lending..In Canada, she said the housing market has slowed, but we aren’t going to see the collapses experienced in the U.S. Our banks more stringent lending practices pre-vented Canada from having the same sub-prime mortgage issues that caused such a dramatic decline in the U.S. housing market.

 

 

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