Here we are. Another year has gone by and we have seen the most drastic ups and downs in local real estate in some time.

Is it over? Will it level off for some time? Will the rates go up?

Questions, questions and more questions. No one has the righ answer, but everyone is ready to give you an opinion. I love the expwerst. Doom and gloom wass predicted by the so called experts for the Canadian real estate market in Octobwr and November, by some US real estae market gurus.

Well it didn't come to pass. Why? Simple. You can't paint the whole worlds with the same brush. Juast because the US mortgage lenders and greedy financial instituions drove the US housing market into a recession, at a cost of millions of dollars and much pain and suffering to the general public, they had no idea or knowledge of how the Canadian real estate market and it's lending policies work.

But they were THE gurus. And a lot of people believed them.

I didn't, and in my February 27th, 2009 post, I suggested to get ready to buy. The conditions are ideal, get approved and  cock your gun. By the end of March, the market is moving and the buyers who were ready got tremendous deals.

So if I was to predict the market for next year, here is what I would say.

If you are thinking of buying get approved and find the best deal you can with a help of a good knowlegeable buyers agent. They are free and can save you money. Buy now. Make sure your choice is sound and has a future upside to it. Are there places like that now? Absolutely!

I believe with the rates where they are now, up and at least to the end of June, this is a great period to buy. Increased rates will bring additional costs andd higher mortgage payments. And I also think that the prices can go up another 3-5% in 2010. For 2011, the guru's have already said that we should expect higbher prices.

So much for now.

I wish everyone the very best in health and hapiness!

So, go and BUY a HOUSE!

If you are looking to Buy or to Sell real estate in Vancouver area, give me a call. My consultations are FREE. The benefits to You, may be worth a lot of money.
Call Jeff Stark at 604-506-8481 or email me at

http://www.jeffreystark.net