Comments on: 5 of many of the reasons why I think the Vancouver Real Estate Market is still good http://www.jeffkee.com/general/5-of-many-of-the-reasons-why-i-think-the-vancouver-real-estate-market-is-still-good/ Wed, 07 Jan 2009 22:20:29 +0000 http://wordpress.org/?v=2.6.2 By: West Toronto Realtor http://www.jeffkee.com/general/5-of-many-of-the-reasons-why-i-think-the-vancouver-real-estate-market-is-still-good/#comment-39759 West Toronto Realtor Wed, 20 Feb 2008 08:56:23 +0000 http://blog.jeffkee.com/2007/01/13/5-of-many-of-the-reasons-why-i-think-the-vancouver-real-estate-market-is-still-good/#comment-39759 As a <a href="http://westtorontorealtor.com" rel="nofollow">West Toronto Realtor</a> I cannot agree with you. It´s true that we have in Canada another situation than in U.S., but you have to remember, that Canada has followed the American lead during four of the last six U.S. recessions. So even if the crisis in U.S. is because of the collapse of the sub-prime mortgage market and in Canada there is no such risk, I´m still thinking, that the prices in some areas of Canada will be rising. As a West Toronto Realtor I cannot agree with you. It´s true that we have in Canada another situation than in U.S., but you have to remember, that Canada has followed the American lead during four of the last six U.S. recessions. So even if the crisis in U.S. is because of the collapse of the sub-prime mortgage market and in Canada there is no such risk, I´m still thinking, that the prices in some areas of Canada will be rising.

]]> By: JackYing http://www.jeffkee.com/general/5-of-many-of-the-reasons-why-i-think-the-vancouver-real-estate-market-is-still-good/#comment-2443 JackYing Thu, 29 Mar 2007 18:18:22 +0000 http://blog.jeffkee.com/2007/01/13/5-of-many-of-the-reasons-why-i-think-the-vancouver-real-estate-market-is-still-good/#comment-2443 As a realtor in the greater vancouver area, I have to agree with Jeff. Real estate prices is all about supply and demand. Factors such as foreign buyers, immigration, US economy, population etc etc all contribute to either increasing or decreasing supply or demand. Lets examine supply first. In Vancouver, supply of new housing is extremely limited. We are building on the slopes of the mountains to the North, there's the pacific Ocean to the West and the US to the South. The only direction for expansion is the East. That is the reason why places like Abbotsford and Mission and Chilliwack are also seeing increasing real estate prices. In specific areas such as the North Shore and downtown, supply is even more restricted as those areas are geographically isolated. Moving on to demand. Everything that Jeff has mentioned is contributing to increasing demand. The affordability issue may start to become a factor in the future but not right now. Right now we are seeing some migration to the outlying areas because of high real estae prices but the numbers are negligible compared to those that can afford and want to live in the high priced areas. When the demand is increasing at a faster rate than supply, prices go up. In areas like downtown, North and West Vancouver, the gap is growing at a much faster rate than elsewhere. This causes prices to increase at a faster rate, which in turn causes prices to increase in outlying areas as well. There may be a lot of people with a lot of different stats and opinions which support a totally different train of thought but that is not what I'm seeing in the market. There are plenty of things that can happen to turn this current growth around but if real estate speculation, and this is speculation, is about making informed decisions based on logic and common sense, not fear and doomsday prophecies. As a realtor in the greater vancouver area, I have to agree with Jeff. Real estate prices is all about supply and demand. Factors such as foreign buyers, immigration, US economy, population etc etc all contribute to either increasing or decreasing supply or demand.

Lets examine supply first. In Vancouver, supply of new housing is extremely limited. We are building on the slopes of the mountains to the North, there’s the pacific Ocean to the West and the US to the South. The only direction for expansion is the East. That is the reason why places like Abbotsford and Mission and Chilliwack are also seeing increasing real estate prices. In specific areas such as the North Shore and downtown, supply is even more restricted as those areas are geographically isolated.

Moving on to demand. Everything that Jeff has mentioned is contributing to increasing demand. The affordability issue may start to become a factor in the future but not right now. Right now we are seeing some migration to the outlying areas because of high real estae prices but the numbers are negligible compared to those that can afford and want to live in the high priced areas.

When the demand is increasing at a faster rate than supply, prices go up. In areas like downtown, North and West Vancouver, the gap is growing at a much faster rate than elsewhere. This causes prices to increase at a faster rate, which in turn causes prices to increase in outlying areas as well.

There may be a lot of people with a lot of different stats and opinions which support a totally different train of thought but that is not what I’m seeing in the market. There are plenty of things that can happen to turn this current growth around but if real estate speculation, and this is speculation, is about making informed decisions based on logic and common sense, not fear and doomsday prophecies.

]]> By: 2010 Vancouver Olympics, and the two faces of the city » - Jeff Kee Consulting || Vancouver, BC - http://www.jeffkee.com/general/5-of-many-of-the-reasons-why-i-think-the-vancouver-real-estate-market-is-still-good/#comment-2335 2010 Vancouver Olympics, and the two faces of the city » - Jeff Kee Consulting || Vancouver, BC - Wed, 28 Mar 2007 22:28:23 +0000 http://blog.jeffkee.com/2007/01/13/5-of-many-of-the-reasons-why-i-think-the-vancouver-real-estate-market-is-still-good/#comment-2335 [...] Vancouver Olympics, and the two faces of the city March 28th, 2007 by Jeff Kee - Related Posts -5 of many of the reasons why I think the Vancouver Real Estate Market is still goodRegarding the Homeless in Vancouver, BCA one day pause of [...] [...] Vancouver Olympics, and the two faces of the city March 28th, 2007 by Jeff Kee - Related Posts -5 of many of the reasons why I think the Vancouver Real Estate Market is still goodRegarding the Homeless in Vancouver, BCA one day pause of [...]

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]]> By: zidane http://www.jeffkee.com/general/5-of-many-of-the-reasons-why-i-think-the-vancouver-real-estate-market-is-still-good/#comment-1275 zidane Sat, 17 Mar 2007 15:01:22 +0000 http://blog.jeffkee.com/2007/01/13/5-of-many-of-the-reasons-why-i-think-the-vancouver-real-estate-market-is-still-good/#comment-1275 Lo trovo piuttosto impressionante. Lavoro grande fatto..) Lo trovo piuttosto impressionante. Lavoro grande fatto..)

]]> By: Jeff Kee http://www.jeffkee.com/general/5-of-many-of-the-reasons-why-i-think-the-vancouver-real-estate-market-is-still-good/#comment-1090 Jeff Kee Sun, 11 Mar 2007 20:51:27 +0000 http://blog.jeffkee.com/2007/01/13/5-of-many-of-the-reasons-why-i-think-the-vancouver-real-estate-market-is-still-good/#comment-1090 That supports my theory, thank you. The Vancouver market does have the potential - I don't believe it's a bubble at all. That supports my theory, thank you.

The Vancouver market does have the potential - I don’t believe it’s a bubble at all.

]]> By: bORAT http://www.jeffkee.com/general/5-of-many-of-the-reasons-why-i-think-the-vancouver-real-estate-market-is-still-good/#comment-1083 bORAT Sun, 11 Mar 2007 14:46:46 +0000 http://blog.jeffkee.com/2007/01/13/5-of-many-of-the-reasons-why-i-think-the-vancouver-real-estate-market-is-still-good/#comment-1083 yOUR RIGHT, WHY COMPARE VANCOUVET TO HONK KONG OR LODON? VANCOUVER IS FAR TO BETTER OF A CITY TO EVEN COMPARE >>>>>> ITS CLEAN, BEAUTIFUL, WEAHTER KICKS ASS, WE CAN SKI AND SURF, WE ARE IN CANADA, HAVE THE BEST DAM HOCKEY TEAM IN THE PLANET, AND THE BEST SKIING IN THE WORLD.... HONK KONG AND LONDON ..GIVE ME A BREAK........VANCOVUER IS NOT THE #1 CITY TO LIVE IN THE WORLD FOR NOTHING BUDDY..... yOUR RIGHT, WHY COMPARE VANCOUVET TO HONK KONG OR LODON?

VANCOUVER IS FAR TO BETTER OF A CITY TO EVEN COMPARE >>>>>>

ITS CLEAN, BEAUTIFUL, WEAHTER KICKS ASS, WE CAN SKI AND SURF, WE ARE IN CANADA, HAVE THE BEST DAM HOCKEY TEAM IN THE PLANET, AND THE BEST SKIING IN THE WORLD….

HONK KONG AND LONDON ..GIVE ME A BREAK……..VANCOVUER IS NOT THE #1 CITY TO LIVE IN THE WORLD FOR NOTHING BUDDY…..

]]> By: bubble http://www.jeffkee.com/general/5-of-many-of-the-reasons-why-i-think-the-vancouver-real-estate-market-is-still-good/#comment-1054 bubble Sat, 10 Mar 2007 05:52:52 +0000 http://blog.jeffkee.com/2007/01/13/5-of-many-of-the-reasons-why-i-think-the-vancouver-real-estate-market-is-still-good/#comment-1054 Did you honestly compare Vancouver to New York and London, and Hong Kong? My stomach hurts from laughing so hard Did you honestly compare Vancouver to New York and London, and Hong Kong? My stomach hurts from laughing so hard

]]> By: bubble http://www.jeffkee.com/general/5-of-many-of-the-reasons-why-i-think-the-vancouver-real-estate-market-is-still-good/#comment-1053 bubble Sat, 10 Mar 2007 05:52:10 +0000 http://blog.jeffkee.com/2007/01/13/5-of-many-of-the-reasons-why-i-think-the-vancouver-real-estate-market-is-still-good/#comment-1053 Did you honestly compare Vancouver to New York and London? Did you honestly compare Vancouver to New York and London?

]]> By: jp http://www.jeffkee.com/general/5-of-many-of-the-reasons-why-i-think-the-vancouver-real-estate-market-is-still-good/#comment-56 jp Wed, 17 Jan 2007 06:59:02 +0000 http://blog.jeffkee.com/2007/01/13/5-of-many-of-the-reasons-why-i-think-the-vancouver-real-estate-market-is-still-good/#comment-56 I have 2 D/T condos I rent out, and I won't sell them yet. its not like i need the cash right now. theres enough revenue from my rentals, so whatever. i know its going ot go up more so may as well hold onto it. also there's rumours that the capital gain taxes will be deferred in teh future if you re-invest, so nows not a good time to sell anyhow. I have 2 D/T condos I rent out, and I won’t sell them yet. its not like i need the cash right now. theres enough revenue from my rentals, so whatever. i know its going ot go up more so may as well hold onto it.

also there’s rumours that the capital gain taxes will be deferred in teh future if you re-invest, so nows not a good time to sell anyhow.

]]> By: bluemac http://www.jeffkee.com/general/5-of-many-of-the-reasons-why-i-think-the-vancouver-real-estate-market-is-still-good/#comment-40 bluemac Mon, 15 Jan 2007 22:27:30 +0000 http://blog.jeffkee.com/2007/01/13/5-of-many-of-the-reasons-why-i-think-the-vancouver-real-estate-market-is-still-good/#comment-40 some of the outskirts like chilliwack and abbotsford are good too some of the outskirts like chilliwack and abbotsford are good too

]]> By: Jeff Kee http://www.jeffkee.com/general/5-of-many-of-the-reasons-why-i-think-the-vancouver-real-estate-market-is-still-good/#comment-34 Jeff Kee Sun, 14 Jan 2007 21:35:04 +0000 http://blog.jeffkee.com/2007/01/13/5-of-many-of-the-reasons-why-i-think-the-vancouver-real-estate-market-is-still-good/#comment-34 Yes I agree, it's time to get selective with your purchases if you want returns. Yes I agree, it’s time to get selective with your purchases if you want returns.

]]> By: John http://www.jeffkee.com/general/5-of-many-of-the-reasons-why-i-think-the-vancouver-real-estate-market-is-still-good/#comment-33 John Sun, 14 Jan 2007 21:34:14 +0000 http://blog.jeffkee.com/2007/01/13/5-of-many-of-the-reasons-why-i-think-the-vancouver-real-estate-market-is-still-good/#comment-33 Well the core areas of vancouver are all good I think, what you gotta watch out for is the outskirts that are not as booming, like Surrey Delta etc. those suburbs will not be as good of an investment i dont think. cheers, thansk for the article and data. Well the core areas of vancouver are all good I think, what you gotta watch out for is the outskirts that are not as booming, like Surrey Delta etc. those suburbs will not be as good of an investment i dont think.

cheers, thansk for the article and data.

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