One of the great things about being able to follow the market daily is that we (realtors) can view general numbers like new listings, sold listings and price reductions and can successfully approximate the current market.  As an example, today we had 55 new listings, 50 solds and 36 price reductions.  From this I can see that we are still having almost as many solds as new listings, which means we still have a slight shortage of product.  However, we are also seeing quite a few more price reductions lately meaning that people are reaching too high on their prices and getting no interest.  Sure there are still multiple offers around and that

So, summer is ending and the fall should be an interesting market.   Slow down in July, August...yes.....'bubble' bursting....no.  Sorry, no bargains out there yet. 

I am continually amazed at the amount of people insisting on the 'bubble' bursting.  I still see so many buyers out there, it would be hard for me to agree on any type of bubble.  HOWEVER, I am noticing that people are getting fed up with the prices and I definitely think they will not be climbing like they used to.  

But let's face it.  The real estate game has permanently changed.  Easier money for self-employed (big time!),

I just finished uploading this Apartment, #302 - 1610 Chesterfield, North Vancouver BC

Located in Central Lonsdale, this 2 bed, 1.5 bath top floor corner unit features a massive 1067 sqft, stainless appliances, Brazilian cherry hardwood floors and insuite laundry. The kitchen has a great pantry and the living room features a wonderful wood-burning fireplace with a brick exterior. The suite also features a fabulous balcony with partial views of the North shore mountains. First public open house Sat/Sun Aug 19/20 2-4pm.