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D’Arcy Harris – Christmas Real Estate Update, December 23, 2005.
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My last newsletter of the year! Thank you all so much for reading this newsletter, I try to make it as relevant and meaningful as possible to you as a future real estate buyer and/or seller. I’d like to take this opportunity to thank my clients for their business this year, and to wish you all a healthy and prosperous new year. I love my job, and it’s you who allows me to do it, so thank you!
I have a feeling next year is going to be very interesting to say the least, and I look forward to hearing from you then. I’m taking a break from writing over the holidays, but look for me in 2006!
Merry Christmas and happy holidays!
D'Arcy R. Harris
Real Estate Broker
Sutton Group - Westcoast Realty
www.VancouverRealEstateInfo.ca
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Success Story of the Week
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Congratulations to C. and J. a badass father and son team who decided to buy a place not 2 weeks ago and closed the deal today. An excellent 2 bed/2bath in one of the newest buildings in downtown, the Electric Ave. If you haven’t been to the theatres there I highly recommend it, it’s a beautiful development.
Congratulations!
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Market Tidbit
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This is interesting:
Is the Market Overvalued?
Growth in real MLS® home prices in British Columbia averaged 4.8 per cent between 2000 and 2004, while real after-tax income increased at an average annual rate of 1.9 per cent. While inflation-adjusted prices are rising faster than inflation-adjusted after-tax incomes, the disparity during the current up-cycle is small compared to past upswings.
During the 1986 to 1989 housing expansion, real MLS® prices grew at a 13.5 per cent annual rate compared to a 0.6 per cent annual increase in real after-tax income. In 1990, real house prices fell by 1.3 per cent, a modest correction. The real price growth of the current up-cycle is more in line with real income growth than experienced in the past.
While house prices are rising in British Columbia, this indicator suggests there is no real estate bubble.
Read more: http://www.cmhc.ca/en/index.cfm
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Weekly Real Estate Listings
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These are all the current listing out right now; in fact, some of them are so new they’re not even posted on Realtylink or MLS.ca. Want to get them before they’re even in the newsletter? Sign up for the VIP Buyers Program. (http://www.vancouverrealestateinfo.ca/redir.asp?page=vip_buyer.asp&t=list1) If they don’t load, cut and paste the links into your browser.
Vancouver Lofts:
http://mlslink.mlxchange.com/Pub/EmailView.asp?r=308266441&s=BRC&t=BRC
Investment and Revenue Properties:
http://mlslink.mlxchange.com/Pub/EmailView.asp?r=1107589939&s=BRC&t=BRC
Vancouver House Foreclosures:
http://mlslink.mlxchange.com/Pub/EmailView.asp?r=1589389937&s=BRC&t=BRC
Vancouver Apartment Foreclosures:
http://mlslink.mlxchange.com/Pub/EmailView.asp?r=139114402&s=BRC&t=BRC
If you see any listings that interest you, simply reply to this email with the MLS number and the time that you’re available to view it and we’ll set up a private tour just for you. Or have them emailed to you daily rather than weekly, sign up for the VIP Buyers Program:
http://www.vancouverrealestateinfo.ca/redir.asp?page=vip_buyer.asp&t=list1
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Calling All Investors: Vancouver Financial Forum
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The Vancouver Financial Forum will take place at the Vancouver Convention and Exhibition Centre February 3-5, 2006. Don’t miss this opportunity to meet face to face with other investors and learn about the latest market and wealth management trends.
For more information or to register for this event, visit www.financialforum.ca.
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Insider Secrets Revealed!
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Wondering what your home is worth? Probably more than you think! Find out with an Over the Phone Market Evaluation:
http://www.vancouverrealestateinfo.ca/redir.asp?page=homeeval.asp&t=list1
I supply this information to you free of charge and without obligation with the confidence that when you do decide to buy or sell your home, you’ll call me to help make it a reality. (604) 771 1637.
Would you like to have access to all the new listings that match your home buying criteria, including area, price range and style of home, emailed to you directly? Tired of leafing through hundreds of listings to find what you’re looking for? This is a free service and will allow you to view only the homes that you're interested in seeing. Become a VIP Buyer and beat other buyers to all the hot new listings in Vancouver. How does it work? Visit:
http://www.vancouverrealestateinfo.ca/redir.asp?page=vip_buyer.asp&t=list1
Each month, I publish a series of articles of interest to homeowners – money saving tips, household safety checklists, home improvement advice, real estate insider secrets, and much more that DOESN’T fit in this newsletter:
http://www.vancouverrealestateinfo.ca/redir.asp?page=gold_newsletter.asp&t=list1
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From the News
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Home Buying Step by Step:
http://www.cmhc.ca/en/bureho/buho/hobustst/index.cfm
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Contact Info
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I supply this information to you free of charge and without obligation with the hope that when you do decide to buy or sell your home, you’ll call me to help make it a reality.
If I do all this for free, imagine what I do when we’re working together!
I invite you to forward this newsletter on to friends and family.
Comments and suggestions are always welcome, thanks for reading!
D'Arcy R. Harris
Real Estate Broker
Sutton Group - Westcoast Realty
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