You could get a good deal. The key thing is to have a crystal clear picture of the supply-demand trends in any given neighbourhood (and price range) for the last 90 days. This will tell you if sellers in the area are under pressure. Then you`ll need someone to take a critical look at the product...

In Vancouver where I work as a realtor (Westside and Downtown) prices down 3% since May. May was the peak. Different dynamic but same feel to the market as the last correction in April/May 2008 when prices adjusted about 15% give or take over about 9 months.. I think we are looking at another...

Yep, sell. Price sharp. Don`t overprice or you`ll lose money everyday it sits. QUOTE (housingrental @ May 30 2010, 10:16 AM) Sell

No rise in rates in September. QUOTE (wgraham @ Sep 1 2010, 10:18 AM) I think the BOC has more effect with words than actions these days....if they tell people to tone it down....we tone it down. We will only get an increase if things start to really heat up which they certainly aren`t! Bond...

Don`t buy in Vancouver Westside yet...prices falling slowly...then pace of price decreases could gather pace into next year (Spring). If rates go up significantly (not certain if economy struggles) in next 12-24 months it will could crush Vancouver prices. Prices looking way too high now. Time...

QUOTE (AdamBlackmore @ Apr 25 2010, 08:08 AM) An article from the Star yesterday. (not one for your JV presentations!)http://www.yourhome.ca/homes/realestate/ar...-says-economist Bay St. guru David Rosenberg does not seem to think we are on very stable ground! "It would not be out of the realm...

QUOTE (fhabib @ Apr 21 2010, 12:36 PM) Thank you all for your replies, appreciate your feedback.. Fadi Careful...sounds dicey. I wouldn`t go near it.

QUOTE (RisingWealth @ Apr 20 2010, 09:40 PM) I would like some feedback on a situation I`m going through which involves inconveniencing the tenant in my basement suite. I have spent the last week rebuilding the shower and in doing so made it impossible for her to shower at home. I feel that it...

There is also some useful info here: http://canadianmortgagetrends.typepad.com/

Too little, too late from Flaherty. But it depends if the 5 year rate banks use is the posted or discount rate. If it`s the discount rate I can`t see it denting people`s ambitions to own a home. Does a 4%+ five year discounted rate represent a brake on the market. I don`t think so... Do any of...

QUOTE (OntarioInvestor @ Feb 11 2010, 07:12 PM) I said in another post, my main problem is that buyers` agents have a vested interest in making sure the property sells for as much as possible. I`m not sure what the solution is, but I think there should be one. I`m sure lots of buyer`s agents...

Sorry,accidental post

Someone gave me a wonderful analogy the other day regarding this issue: Imagined you owned a successful second hand car lot and you were in the business of selling cars. You would have significant fixed and variable costs to run your business (rents, sales, marketing costs etc). You would have...

QUOTE (fumbrunner @ Feb 11 2010, 08:48 AM) I think what has brought about this debate is the inability for realtors to charge a flat fee, which CREA has kyboshed every time a realtor attempts it. Consumers feel that the current cost structure is antiquated and with the value of homes nowadays...

QUOTE (JDaley @ Feb 10 2010, 08:51 AM) Or lets say $30,000 (which a realtor broker would never agree to do). The fact is I've tried this approach in the past, and the important thing you left out of your post is that the Realtor immediately warns you that by lowering commissions your property...