Timing the Vancouver Real Estate Market
In a recent report by CBC news Canada has been voted the world’s soundest banking system, closely followed by Sweden, Luxembourg and Australia, a survey by the World Economic Forum has found as a financial crisis and bank failures shake world markets….Read the full Story
Despite much economic uncertainty in the world markets, Vancouver British Columbia is doing remarkably well. Job creation and employment demand remains high and vacancy rates in the city are an unbelievable .3% ? The Vancouver Real Estate Market is seeing the 1st significant downturn in over 7 years and prices have already come down offering a window of opportunity.
Those who are familiar with economic and real estate cycles are seeing fantastic opportunities in the current market. Vancouver based Sales Guru Shane Gibson provided an excellent graph below explaining the the cyclical nature of the market a great tool to “Time the Vancouver Real Estate Market”.
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