North & West Vancouver Real Estate -  Alan Skinner - RE/MAX Crest Realty 101-2609 Westview Drive, North Vancouver, BC, V7N 4M2  800.665.1455
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Like The Bus, Eventually The Cycle Arrives

Like The Bus, Eventually The Cycle Arrives
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Stating what one truly believes to be the current market position and direction (even based on the facts of current market data) is often fraught with the danger of conflicting with some publically held preconceptions. Over the past, say 3 years, many proponents of the “imminent crash” theory have, sometimes vehemently, objected to predictions of market value rises.

Over that same 3 year period (based on demonstrated performance), our North Shore has seen average price increases of from 10%, to in some segments 13 or 14% per annum. Was it wrong to extol the bullishness of that market over that time? Only, I guess, if one believes that the scribe could have stimulated the demand with his/her opinion. I believe in market forces and, in this case, that the pen is not mightier than the market.

These past strong market surges are clearly appearing to be deserting us. I still maintain a belief in my “epicenter” theory, where those areas geographically further away from the centre are the first to experience this softening and generally experience a greater weakening than those more centrally located (e.g. the softening in the Fraser Valley). Yes, the cost of fuel ($ per barrel) is rising and will almost surely continue to do so. More grist for the “epicenter” mill? 

Plateauing in parts of the North Shore is evident but on average it seems that CMHC’s prediction of just under 10% rise for Greater Vancouver in 2008 (and probably the 5% for 2009) is a likely scenario. Remember this is an average arrived at by adding the Langleys, Deep Coves and Dundaraves etc of our local world and dividing by the number of sales. Will some areas outperform others? I’d be amazed if all went forth in “lock step”.

Again, visit my website to see and “hear” the new developments.  I continue my commitment to keep you…. www.OnTopOfTheMarket.ca . This work in progress strives to be the “go to” site for North Shore Real Estate analysis and jumping off point for FULL market listing information.

To join the group getting the e-mail version of this “update” - send a request now to This email address is being protected from spam bots, you need Javascript enabled to view it and you’ll be assured receipt; phone me at (604) 988-7368 or visit www.OnTopOfTheMarket.ca

 

 
Contact Alan

If you have a question or need any advice or help with the website then give us a call:

Cell: 604-626-2526
Office: 604-988-7368
Toll Free: 1-800-665-1455

RE/MAX Crest Realty
101-2609 Westview Drive
North Vancouver, BC V7N 4M2
800.665.1455


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