Buy Real Estate and Wait or Wait to Buy Real Estate?

So I went for a walk along the Seawall last weekend. I've never heard so many different languages and accents. There were Aussies, Amsterdammers, Albertans, Parisiens, Barcelonians, Americans and Ontario-ites walking around all over the place. I stopped and chatted with some of them, (I'm one of those people) and sure enough they all agreed on the following:

- Vancouver is more beautiful than their city.
- Vancouver would be a great place to live.
- Vancouver has the best weather in Canada. (All of Ontario can't be wrong!)
- They'll come back, and recommend their friends to come too.

What's my point? My point is that in living here we sometimes forget what's so special about it. If you read the above points and said to yourself, "yeah so?" you need to smarten up. THIS IS A WORLD CLASS CITY PEOPLE! And I'm not even talking about the Olympics.

The real estate market is still cranking, and will continue to do so well into the future.( read) Rents are rising and the population is growing. My father's entire generation will be moving here over the next 5 years.(I asked him, he agreed) There is NO sub-prime mortgage market in Canada,( read) we are second only to Saudi Arabia for oil in the ground, ( read) there is a labour shortage in almost every sector, there are jobs everywhere. (go count "Help Wanted" signs) and dammit: it's beautiful here (look outside!). Don't believe me? Just ask the L.A Times.

Remember, It's better to buy real estate and wait, then to wait and buy real estate... Call us!

The Harris Real Estate Group
Sutton Group Westcoast Realty
Call me direct: (604) 771 1637

This Weeks Success Stories:

Congrats to Sherman, a young guy who walked into our office with Rich Dad Poor Dad tucked under his arm. (if you haven't read it, go buy it, it's a gem.) We've all read the book, so Buyer Specialist Tom Van Enter knew exactly what he was looking for. CASH FLOW! In less than a week Sherman and Tom found exactly that: a two bedroom apartment just off No. 3 Rd. in Richmond that rents out for more than the mortgage payment. Booyah.

Also, big congratulations to Mike and Melanie who just got keys yesterday for their new home in Surrey. They were first time home buyers who were lucky enough to pick Gary Foltyn as their advisor. They took his advice and won a multiple offer (4!)situation. They saw 8 homes in 6 hours and the last one was the one. In this market, the nice homes that are well priced still move fast.

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We have a huge demand for Lofts right now. If you own a loft, and are thinking of selling, WE HAVE BUYERS RIGHT NOW WHO WILL PAY TOP DOLLAR FOR THE RIGHT PLACE. Email us to set up a no obligation meeting.
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Active Listings:
1.1 Secluded Acres only 5 minutes to Crescent Beach

Asking $1,780,000.
1.1 acre VERY private estate in Bayview. Fully wired for music, internet and intercoms, this house is perfect for a large family. Easy to show. Previously listed at 2.1 Million. All offers considered... View the [http://vancouverrealestateinfo.ca/silver_listingDetail.asp?ID=279847] Photos and [http://www.youtube.com/watch?v=VHqinJaX2gg] Virtual Tour.

Waterfront lot, fully serviced and ready for your dream cabin.

.84 Acre Build your dream home or cottage get-away on scenic 108 Mile Lake. This nicely treed waterfront property is perc tested and ready for the creative placing of your new home. Imagine enjoying lake-inspired sunsets daily! Road access to fully serviced lot. Steps away from playground and sandy public beach. Year round fishing offered and historical 108 Mile Ranch within short and scenic walk... Click here to View

House with a home based Business?

How would you like to have a water bottling business to subsidize your income? This beautiful little house on Marble Hill has just that, and views to boot... Click here for more information.

Builders: Get 'em while they're HOT!

3 Lots for sale on Marble Hill. Approximately $70,000 in savings here in comparison to relative lots in this community. When these hit the market, they will not last long...[mailto:gary@garyfoltyn.com?subject=Marble Hill] Email for more info or Click Here to view



If you're in the market to sell your home, why not find out more about our proprietary marketing systems? This newsletter is just a small part of our overall marketing plan that gets your home sold fast and for top dollar. Click Here to request an over-the-net home evaluation, or send our listing coordinator an email requesting our pre listing package. Be sure to include your address so we can get started right away! >>>Schedule an appointment

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Real Estate News:

No meltdown for Canada's housing market

The Vancouver Sun
"In Canada, national home sales are now forecast to rise by 8.1 per cent in 2007 to 523,100 units and set new annual records in most provinces, CREA said. In May, it had forecast a 2007 sales increase of 3.6 per cent, which was an update on its original 2007 forecast issued in February. At that time, CREA had predicted that sales activity this year would drop 1.6 per cent from 2006."

Flaherty expects U.S. crisis to have little impact here

The Vancouver Sun
Adding to the economic reassurances, TD Bank released an analysis on Monday that noted financial market crises over the past two decades did not pull the U.S. economy - nor Canada's - into recession, and concluded that there's no reason to believe it would happen now.

Canada is hot-hot-hot

The L.A Times
"What's fueling the pace, he said, is an unemployment level at a 20-year low and a boom in the Canadian dollar, which is nearly equal to the U.S. dollar.

Soper said his nation has a couple of factors that would mitigate a "big, big correction" like the market changes going on here. Canada's market hasn't seen much of the delirious speculator activity that propelled our housing run-up for about five years. And then there's that sub-prime mortgage factor."

For some no obligation Real Estate advice, give the Harris Real Estate Group a call. tel: 604 771 1637 Fax: 604 488 0885 >>>Schedule an appointment We work with other agents, not against them. This communication is not intended to cause or induce breach of an existing agency agreement.