That was a lot of snow! It's amazing how quickly it has gone away and we're back to our usual weather for this time of year. Our team had a laugh early in the new year when Sheri received a Christmas Card late. The front read "Let it Snow, Let it Snow". Her first thought was to burn it or at least cross off "snow" & replace it with "rain"! We haven't had that much snow since 1964.
Since 1964, the real estate market has had its ups and downs, of course many more ups than downs. The average price for residential real estate (all types) in the Fraser Valley in 1970 was under $20,000, now it is close to $435,000. During this time the trend line has gently rolled, but remained in a continuous upward channel.
If you are considering an investment in real estate whether you're moving up, downsizing or just looking for a great deal, give us call. We're spending time with many buyers who are recognizing the opportunities out there. We have also been working with & helping many families with the challenges that the sudden change in the economy has presented. For some folks, their best move right now is to liquidate some real estate and take the pressure off of the family finances. Whatever your needs are, we understand and we're ready to help you achieve your goals.
Sunday, January 11, 2009
Saturday, January 3, 2009
Happy New Year!
What a crazy year. What a mad 6 months, an unprecedented September to October. Oil soaring to $147, then crashing to $37. Stocks on average down 45% or more. So it's time to take stock, gain some perspective and recognize the many positive stories & opportunities around us.
1. Stock markets have crashed and recovered many times ... they always recovered. This one will recover too.
2. There will be great demand for real estate. Already in the US we have a huge increase in distressed sales. Once they are gone, market will continue to rise. :)
3. Oil and gas prices are down, putting billions into Canadian pockets this year.
4. There will be a deals of a lifetime ... cars, goods & real estate.
5. Looks like food costs will go down.
6. The bad companies, the bad products, the overbuilt real estate will all continue to be cleared out.
7. As investors we will do some learning and not get scammed as easily.
8. More stock investors will come to real estate. :)
9. 30-year money in the US and 5-year money in Canada will be around 4.5% next spring. Wow!
Remember if you think this is going to be a good year, or you think this is going to be a bad year, either way you're right. It's all in what you believe. Are you the kind of person who can see the opportunites? Yes, 2009 will be incredible! We have worked with buyers in the past few months & we've been able to get them some fantastic real estate deals. Remember, it is a relative equation if you are staying invested in real estate. There hasn't been a better time to move up in more than a decade!
1. Stock markets have crashed and recovered many times ... they always recovered. This one will recover too.
2. There will be great demand for real estate. Already in the US we have a huge increase in distressed sales. Once they are gone, market will continue to rise. :)
3. Oil and gas prices are down, putting billions into Canadian pockets this year.
4. There will be a deals of a lifetime ... cars, goods & real estate.
5. Looks like food costs will go down.
6. The bad companies, the bad products, the overbuilt real estate will all continue to be cleared out.
7. As investors we will do some learning and not get scammed as easily.
8. More stock investors will come to real estate. :)
9. 30-year money in the US and 5-year money in Canada will be around 4.5% next spring. Wow!
Remember if you think this is going to be a good year, or you think this is going to be a bad year, either way you're right. It's all in what you believe. Are you the kind of person who can see the opportunites? Yes, 2009 will be incredible! We have worked with buyers in the past few months & we've been able to get them some fantastic real estate deals. Remember, it is a relative equation if you are staying invested in real estate. There hasn't been a better time to move up in more than a decade!
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