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Daily Perspectives Update - 304

The following Perspectives apartments have been recently uploaded on to the MLS ...

# 1706 2133 DOUGLAS RD - V978662

• $359,000
• 1 bed, 1 bath
• 712 Sq.Ft.
Listed by Royalty Group Realty Inc.


Posted: 31st October 2012 under


Daily Collage 4783 Update - 304

The following Collage 4783 apartments have been recently uploaded on to the MLS ...

# 401 4783 DAWSON ST - V978701

• $449,000
• 2 beds, 2 baths
• 956 Sq.Ft.
Listed by Sutton Grp-West Coast Realty


Posted: 31st October 2012 under


Daily Thomson House Update - 304

The following Thomson House apartments have been recently uploaded on to the MLS ...

# 215 4799 BRENTWOOD DR - V978738

• $399,000
• 2 beds, 2 baths
• 813 Sq.Ft.
Listed by RE/MAX Westcoast


Posted: 31st October 2012 under


Daily Tandem 2 Update - 300

The following Tandem 2 apartments have been recently uploaded on to the MLS ...

# 1904 4178 DAWSON ST - V978348

• $430,000
• 2 beds, 2 baths
• 880 Sq.Ft.
Listed by Regent Park Realty Inc.


Posted: 27th October 2012 under


Daily Buchanan North Update - 299

The following Buchanan North apartments have been recently uploaded on to the MLS ...

# 1701 4380 HALIFAX ST - V978244

• $455,000
• 2 beds, 2 baths
• 1,026 Sq.Ft.
Listed by Sutton Grp-West Coast Realty


Posted: 26th October 2012 under


Daily Memento Update - 298

The following Memento apartments have been recently uploaded on to the MLS ...

# 417 2088 BETA AV - V978042

• $412,000
• 2 beds, 2 baths
• 807 Sq.Ft.
Listed by Century 21 In Town Realty


Posted: 25th October 2012 under


Daily Tandem 2 Update - 298

The following Tandem 2 apartments have been recently uploaded on to the MLS ...

# 1007 4178 DAWSON ST - V978173

• $342,000
• 1 bed, 1 bath
• 635 Sq.Ft.
Listed by Selmak Realty Limited


Posted: 25th October 2012 under


Daily Legacy Towers North Update - 297

The following Legacy Towers North apartments have been recently uploaded on to the MLS ...

# 410 2225 HOLDOM AV - V977914

• $615,000
• 2 beds, 3 baths
• 1,710 Sq.Ft.
Listed by Re/Max Metro Realty

# 2904 2225 HOLDOM AV - V977984

• $651,000
• 2 beds, 2 baths
• 1,425 Sq.Ft.
Listed by Sutton Group - 1st West Realty


Posted: 24th October 2012 under


Daily Montage Update - 296

The following Montage apartments have been recently uploaded on to the MLS ...

# 201 4728 DAWSON ST - V977729

• $359,900
• 1 bed, 1 bath
• 780 Sq.Ft.
Listed by RE/MAX Real Estate Services


Posted: 23rd October 2012 under


Daily OMA 2 Update - 296

The following OMA 2 apartments have been recently uploaded on to the MLS ...

# 501 4250 DAWSON ST - V977798

• $410,000
• 2 beds, 2 baths
• 838 Sq.Ft.
Listed by Royal Pacific Rlty. (Kingsway)


Posted: 23rd October 2012 under


Daily Affinity 2200 Update - 296

The following Affinity 2200 apartments have been recently uploaded on to the MLS ...

# 1201 2200 DOUGLAS RD - V977725

• $489,000
• 2 beds, 2 baths
• 899 Sq.Ft.
Listed by Re/Max Metro Realty


Posted: 23rd October 2012 under


Daily Affinity 2232 Update - 293

The following Affinity 2232 apartments have been recently uploaded on to the MLS ...

# 602 2232 DOUGLAS RD - V977489

• $405,000
• 2 beds, 1 bath
• 753 Sq.Ft.
Listed by Royal Pacific Realty Corp.


Posted: 20th October 2012 under


Daily Mosaic Update - 293

The following Mosaic apartments have been recently uploaded on to the MLS ...

# 1207 2138 MADISON AV - V977478

• $454,900
• 2 beds, 2 baths
• 967 Sq.Ft.
Listed by Royal LePage City Centre


Posted: 20th October 2012 under


Daily Jackson House Update - 291

The following Jackson House apartments have been recently uploaded on to the MLS ...

# 217 4788 BRENTWOOD DR - V977301

• $299,900
• 1 bed, 1 bath
• 689 Sq.Ft.
Listed by RE/MAX Real Estate Services


Posted: 18th October 2012 under


Daily Carmichael House Update - 290

The following Carmichael House apartments have been recently uploaded on to the MLS ...

# 106 4868 BRENTWOOD DR - V977128

• $388,000
• 2 beds, 2 baths
• 837 Sq.Ft.
Listed by Sutton Grp-West Coast Realty


Posted: 17th October 2012 under


Daily Fresco Update - 290

The following Fresco apartments have been recently uploaded on to the MLS ...

# 2104 2088 MADISON AV - V976954

• $479,900
• 2 beds, 2 baths
• 1,165 Sq.Ft.
Listed by RE/MAX Masters Realty


Posted: 17th October 2012 under


Daily Tandem 1 Update - 290

The following Tandem 1 apartments have been recently uploaded on to the MLS ...

# 1703 4118 DAWSON ST - V977148

• $315,000
• 1 bed, 1 bath
• 635 Sq.Ft.
Listed by RE/MAX Crest Westside (VanW7)


Posted: 17th October 2012 under


Daily Motif Update - 290

The following Motif apartments have been recently uploaded on to the MLS ...

# 2202 4400 BUCHANAN ST - V976967

• $599,000
• 2 beds, 2 baths
• 1,126 Sq.Ft.
Listed by Century 21 In Town Realty


Posted: 17th October 2012 under


Daily Mosaic Update - 289

The following Mosaic apartments have been recently uploaded on to the MLS ...

# 2503 2138 MADISON AV - V976847

• $525,000
• 2 beds, 2 baths
• 1,033 Sq.Ft.
Listed by RE/MAX City Realty


Posted: 16th October 2012 under


Daily Motif Update - 289

The following Motif apartments have been recently uploaded on to the MLS ...

# 1104 4400 BUCHANAN ST - V976770

• $608,800
• 2 beds, 2 baths
• 1,169 Sq.Ft.
Listed by Sutton Grp-West Coast Realty


Posted: 16th October 2012 under


Recently Sold Listing # 112 4728 DAWSON ST, Burnaby, BC

V965829 - # 112 4728 DAWSON ST, Burnaby, British Columbia, CANADAI have just recently sold this listing at # 112 4728 DAWSON ST, Burnaby.

Posted: 16th October 2012 under


Daily Buchanan East Update - 286

The following Buchanan East apartments have been recently uploaded on to the MLS ...

# 806 4398 BUCHANAN ST - V976534

• $389,000
• 2 beds, 1 bath
• 825 Sq.Ft.
Listed by Royal Pacific Realty Corp.


Posted: 13th October 2012 under


Daily Fresco Update - 286

The following Fresco apartments have been recently uploaded on to the MLS ...

# 507 2088 MADISON AV - V976692

• $433,888
• 2 beds, 2 baths
• 968 Sq.Ft.
Listed by Sutton Group-Proact Realty


Posted: 13th October 2012 under


Daily Hillside Terrace Update - 285

The following Hillside Terrace apartments have been recently uploaded on to the MLS ...

# 204 1945 WOODWAY PL - V976334

• $298,888
• 1 bed, 1 bath
• 789 Sq.Ft.
Listed by TRG Downtown Realty


Posted: 12th October 2012 under


Daily Vantage Point 1 Update - 284

The following Vantage Point 1 apartments have been recently uploaded on to the MLS ...

# 1201 2020 BELLWOOD AV - V976058

• $279,000
• 2 beds, 2 baths
• 1,350 Sq.Ft.
Listed by Macdonald Realty Ltd.


Posted: 11th October 2012 under


When Do You Think the Market Will Reach the Bottom

I get this question often and I don't blame people. Of course you want to place your hard earned money somewhere safe; however, nothing is guaranteed. Do I know when the market will bottom out? Absolutely not, I am a Realtor, but I cannot predict the Housing Market. How often do Economists actually predict the markets correctly? Not too often. I still personally think that Real Estate is safe in terms of investments with better returns.

One thing I do know is that it is much better to buy a home when the market is slow. I purchased my two properties in slow markets. My first purchase was my condo and it was on the market for 141 days. Since the market was slow, I was able to purchase it at a good price.

My second purchase is a house in New Westminster and it was on the market for 70 days. I was shocked it was still on the market as I have it 100% financed ,and after the mortgage, Home Equity Line of Credit Interest, and Property Taxes, I still pocket close to $300 a month while my Tenants are paying down the Principal.

In both cases, I did not have to compete and eventually I took advantage of a Seller who was getting more and more anxious to sell as the weeks go by with their home on the market with no offers. I also had the luxury of time to wait for the right property though I only looked at three properties to buy two. I guess when you see homes for a career, you just know what you're looking for.

So, today's market is very similar. More listings than usual, less sales. More anxious Sellers, less Buyers because most of the buyer's are waiting for the bottom of the market. You only know when the bottom of the market is once it passes you.

To Wait or Not to Wait

I will analyze the Detached Homes in the Average Price Graph. I know not everyone is looking at buying a Detached House; however, the Attached and Apartment market seems to follow the same trend. Note: Attached refers to Townhouses and Half Duplexes, and Apartment refers to Condominiums.

If you refer to the graph (link at the bottom of the page), you can see that the market fell drastically from 1981 to 1982 and was relatively flat (not a distinct "bottom" but a flat bottom)for the next several years. It took 7 years for the market to rebound. In 1990, the market fell and rebounded in 2 years. In 1995, the market gradually depreciated and took 8 years to recover. During the recent recession in 2008, it only took 1.5 years for the market to recover though everyone was anticipating a big "crash".

So now we are at 2012. Look at how the prices have come down since February 2012. The market for detached peaked at $1,225,893 in February 2012, dropped to $1,041,325 in July and came back up for the month of August at $1,142,237. Once again, it's hard to predict what will happen. What got me into the Real Estate Profession was I wanted to buy Real Estate. So here are a couple of things that I tell myself.

If you wait for the bottom of the market, you will know where the bottom is after it passes and by that time, other buyers are looking and purchasing. You might even compete with them putting the Seller in a better position than you. And as mentioned, if you look at the graph, the bottom tends to span over years (looking at the prices from 1982 to 1986 as well as from 1996 to 2002) or months for the shorter periods it took the market to recover.

My second point, is that the bottom of a market has exceeded the peak prior to the last drop in the market.

Both these points show that Real Estate is not a Get-Rich-Quick strategy. It might have worked for many from 2002 to 2007, but it is not a good strategy. For Real Estate to appreciate, holding it and treating it as a long term investment is the safest way. I've met many people older than me that have regretted not purchasing property. Remember, it is not Timing the Market, but Time in the Market.

At the end of the day, you need a home. My first purchase is my home and will be sold to move up into another home. My second purchase and hopefully subsequent purchases are my investments. If I can have it rented out and can put up with dealing with tenants, and my costs are covered, then it's a no brainer. Even if the rent cannot cover the costs fully, as long as the amount that is getting paid down on the principal exceeds the costs, then it is "forced savings" back into the home as equity.

Don't follow the herd mentality and buy when everyone is buying.  

August 2012 Price Graph

 


Posted: 11th October 2012 under


Daily Collage 4783 Update - 283

The following Collage 4783 apartments have been recently uploaded on to the MLS ...

# 316 4783 DAWSON ST - V975803

• $445,000
• 2 beds, 2 baths
• 956 Sq.Ft.
Listed by RE/MAX Central


Posted: 10th October 2012 under


Daily Watercolours Update - 283

The following Watercolours apartments have been recently uploaded on to the MLS ...

# 1508 2289 YUKON CR - V975851

• $449,900
• 1 bed, 2 baths
• 846 Sq.Ft.
Listed by Sutton Grp-West Coast Realty


Posted: 10th October 2012 under


Daily Legacy Towers South Update - 283

The following Legacy Towers South apartments have been recently uploaded on to the MLS ...

# 205 5611 GORING ST - V975856

• $329,900
• 1 bed, 1 bath
• 719 Sq.Ft.
Listed by Hanna Realty Ltd.

# 405 5611 GORING ST - V975863

• $588,800
• 2 beds, 2 baths
• 1,368 Sq.Ft.
Listed by Prudential Sussex Realty


Posted: 10th October 2012 under


Daily Vantage Point 2 Update - 278

The following Vantage Point 2 apartments have been recently uploaded on to the MLS ...

# 902 2060 BELLWOOD AV - V975404

• $339,900
• 2 beds, 1 bath
• 1,089 Sq.Ft.
Listed by VancouverHomes.TV Realty


Posted: 5th October 2012 under


Daily Legacy Towers North Update - 278

The following Legacy Towers North apartments have been recently uploaded on to the MLS ...

# 2201 2225 HOLDOM AV - V975516

• $499,000
• 2 beds, 2 baths
• 1,042 Sq.Ft.
Listed by RE/MAX Crest Realty


Posted: 5th October 2012 under


Daily Affinity 2232 Update - 278

The following Affinity 2232 apartments have been recently uploaded on to the MLS ...

# 401 2232 DOUGLAS RD - V975529

• $325,000
• 1 bed, 1 bath
• 538 Sq.Ft.
Listed by RE/MAX Crest Realty Westside


Posted: 5th October 2012 under


Daily Macdonald House Update - 277

The following Macdonald House apartments have been recently uploaded on to the MLS ...

# 423 4833 BRENTWOOD DR - V975320

• $392,800
• 2 beds, 2 baths
• 810 Sq.Ft.
Listed by Multiple Realty Ltd.


Posted: 4th October 2012 under


Daily Tandem 2 Update - 277

The following Tandem 2 apartments have been recently uploaded on to the MLS ...

# 908 4178 DAWSON ST - V975237

• $424,000
• 2 beds, 2 baths
• 876 Sq.Ft.
Listed by Advent Real Estate Services


Posted: 4th October 2012 under


Daily Legacy Towers South Update - 277

The following Legacy Towers South apartments have been recently uploaded on to the MLS ...

# 404 5611 GORING ST - V975314

• $479,000
• 2 beds, 2 baths
• 1,147 Sq.Ft.
Listed by RE/MAX Crest Westside (VanW7)


Posted: 4th October 2012 under


Daily Tandem 2 Update - 276

The following Tandem 2 apartments have been recently uploaded on to the MLS ...

# 801 4178 DAWSON ST - V975039

• $319,900
• 1 bed, 1 bath
• 635 Sq.Ft.
Listed by Prudential Sussex Realty


Posted: 3rd October 2012 under


Daily Buchanan North Update - 275

The following Buchanan North apartments have been recently uploaded on to the MLS ...

# 2102 4380 HALIFAX ST - V974725

• $538,000
• 2 beds, 2 baths
• 1,180 Sq.Ft.
Listed by Sutton Centre Realty


Posted: 2nd October 2012 under


Daily Fresco Update - 275

The following Fresco apartments have been recently uploaded on to the MLS ...

# TH6 2088 MADISON AV - V974721

• $649,900
• 3 beds, 3 baths
• 1,640 Sq.Ft.
Listed by Sutton Centre Realty


Posted: 2nd October 2012 under


Daily Marquis Grande Update - 275

The following Marquis Grande apartments have been recently uploaded on to the MLS ...

# 402 4132 HALIFAX ST - V974573

• $429,900
• 2 beds, 2 baths
• 926 Sq.Ft.
Listed by Sutton Grp-West Coast Realty


Posted: 2nd October 2012 under


Daily Perspectives Update - 275

The following Perspectives apartments have been recently uploaded on to the MLS ...

# 2001 2133 DOUGLAS RD - V974662

• $374,800
• 1 bed, 1 bath
• 732 Sq.Ft.
Listed by Regent Park Fairchild Rlty Inc

# 209 2133 DOUGLAS RD - V974689

• $429,000
• 2 beds, 2 baths
• 863 Sq.Ft.
Listed by Sotheby's Int'l Rlty Can (Van)


Posted: 2nd October 2012 under


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