Predictions of a Housing Boom in Toronto and Vancouver in 2018 Reports Forecasts Predictions Canadian Housing Market

Will 2018 Bring Another Housing Boom in Toronto and Vancouver?

Are the Vancouver real estate market or Toronto housing market going to crash , lift off, or coast in 2018/2019? Has all the negative press made you believe the end is near?

Bankers and politicians keep trash talkin the housing markets. However, as you’ll read here, there is more reason to believe in strong growth arising from a healthy economy, high immigration, demand from 25 to 33 year old Millennials, low mortgage rates, a growing housing crisis and more.

Demand is high, supply is being strangled.

Wynne, Trudeau, and the bankers feel pretty certain they can crush this market (okay, they’ve persisted but will the Canadian economy and stock markets crash in 2019?  But this beast isn’t going to die. It’s driven by dreams and expectations about how we’re supposed to live.




Here’s my outrageous forecast: The demand is so high, they will have to completely reverse course and begin supporting construction and development and enabling purchases. Otherwise, as the election nears, they’re gone.

They’ll look like hypocrites, but the public will forgive because housing is a bigger issue that’s causing serious social troubles. As investors focus on rental properties, such as apartments in Toronto, even rents will skyrocket in Toronto. Toronto property management firms are headed for their own boomtimes.



As spring approaches, we’re going to see intense price pressure driven by a lack of supply. Royal Lepage just released its market forecast survey and they’re predicting Toronto houses prices will rise 6.8%.  That aligns nicely with this whole notion of boom times ahead.

And it turns out, construction is already booming.  Canada Mortgage and Housing Corp. reported that the pace of housing starts picked up in November nearing the highest levels since 2008. Given that we just went through a boom, that’s remarkable.  CMHC believes construction of multiple-unit projects in Toronto has been a driving force behind the trend.

Benjamin Tal is also suggesting a boom in Toronto and Vancouver and it would restart in 2018. You can read more below.  Should you buy now or in the spring?  Take a good look at the Toronto real estate forecast and the further reading below.

Breaking News: Trudeau to bring in one million new immigrants in next 3 years. Question: where will they live?

Despite government negativity, statistics, the underlying fundamentals of demand along with the ongoing strength of the economy are suggesting an improvement.  That means a prison riot might be coming soon. You’ll find a list of credible reasons why the Canadian housing markets might surge again below.




The experts have been forecasting a Toronto or Vancouver crash now for many years. Hasn’t happened, so perhaps we need to think for ourselves? The market continues with confidence and optimism overpowering persistent negativity the politicians keep pushing out.

How is the US housing market doing? Nervous but very good. Post hurricanes and fires and political upheaval, the markets in Miami, Boston, New York, Houston and Los Angeles are healthy. And 2018 stock market predictions are positive for several years.

Let’s take a look at the factors and the two opponents: our politicians vs strong growing economies. Only one will win.




Let the Housing Good Times Roll!

The IMF and OECD seem to agree, saying Canada’s economy is the best looking in the G20. The case for a Canadian housing boom has some wind in its sails. If political suppression of the Toronto and Vancouver housing markets were to end, the rest of Canada would awaken.

What we don’t know is whether the government will attack  the momentum or let it power the economy further. Currently they’re riding a wave of populism driven by angry renters in Vancouver and Toronto.

But what if that voice faded and the exact opposite public opinion appeared? Justin Trudeau’s popularity has dropped to 25%, Wynne’s pushing towards zero, and that means they may have to reverse course to stay in office. Don’t believe they would do it? Never say never.

Politicians Crushing the Housing Market

Currently however, Wynne, Trudeau and Horgan are holding their own private “let the good times roll” party. Their unwise meddling in the housing market is a threat to the Canadian, BC, and Ontario economies as explained below.

And it’s all for political points that may soon be worth nothing because when you cater to a small select crowd, eventually everyone else wants you out. In truth, only the prices of million dollar estates have dropped a little and the rest of Canada is hurting.

Demand for housing is relentless and Millennials don’t want their dreams dashed. The larger voice will be heard in 2018.




People want homes and these 3 politicans will be booted out of office because of it.  The only ones voting for them are those in Toronto and Vancouver cities. The rest of the country wants to see lower mortgage rates and an improved economy.

A good number of Canadians are weighed down by thoughts of the last recession rollercoaster and don’t really want to go back there. Business people and investors want growth. They’ve got a lot on the line.

And the politicians they’ve discouraged the builders now. So, although everything is in place for a continued housing boom in Canada, these politicians could push us into a mess.



“At this point we do not see any real relief. In fact, the opposite is the case,” writes Tal. “Without significant changes to land and rental policies alongside a dramatic change to housing preference among buyers, those centers will become even less affordable.” – Benjamin Tal in an interview with Yahoo Finance.

Key Factors Supporting a Housing Boom in Canada

  1. global economic winds are positive
  2. Trump will rekindle trade with Canada (he has to)
  3. oil prices rising a little
  4. wages will begin to rise
  5. too many millennials need to move out of the parent’s places
  6. bank of mom and dad has plenty of funds ready
  7. supply is low and builders and construction workers are waiting to build again
  8. the rest of Canada is tried of being kicked around
  9. Trudeau and Wynne severely disliked
  10. China is liberalizing trade and investment with the world
  11. Canada’s economy is going gangbusters (3.6% growth forecasts)
  12. lumber producers would rather sell their lumber here
  13. mortgage rates still low (and there’s no real reason to raise them)

Video: Greg Bonnell of BNN Explains How Housing Prices Can’t Go Down

Strong Economy Usually Means Boom Times

Benjamin Tal may have meant a price boom is imminent because of severe shortages in the Vancouver housing market and the Toronto housing market.  And if prices rise, we may see construction starts also slowly rise and a juiced up housing market would in turn lift the Canadian economy higher.

A synchronized global recovery and rising global trade volumes are backstopping the growth, along with the bottoming out of the oil shock in western Canada and soaring home prices in Toronto and Vancouver — from a report in the Toronto Star.

And prices of oil have climbed, meaning Calgary’s real estate market and those in Edmonton, Saskatoon and Regina might return as well. Fears are that OPEC is solidifying and a war between the 2 biggest producers could erupt. That would bring an immediate boom to Calgary.

Screencapture courtesy of BNN

This is a screenshot below is of historic oil consumption from Doug Rowatt’s post on the greaterfool.ca. The price is forever upward.  Is the time time oil shoots toward $100 a barrel? Some are predicting it.

Forecasters like Oil: “Open interest in $100 call options for December 2018 has tripled in one week to exceed 30,000 lots, according to Reuters.   The $100 December 2018 options is the largest strike for all of 2018.” — from USA today report.

Condo starts have been strong and look to continue. The Toronto condo market and Vancouver condo market will be driven by property investors according to reports.

BNN’s Greg Bonnell Interviews Bryan Yu, Senior Economist at Central 1 Credit Union regarding Vancouver’s perpetual positive market in a past interview. What stands out about the conversation is that Yu says affordability won’t affect prices, and that only an external factor, such as a Chinese implosion would create a Vancouver slowdown. At this point, with Trump’s visit to China, that the Chinese are adapting to global business and are welcoming foreign investment. No reason for a China problem. Vancouver looks great.

What makes Toronto’s condos an attractive long-term bet is the city’s low vacancy rate, which has fueled bidding wars among renters and driven monthly condo rents to an average of $2,074 in the second quarter, up 7.2 per cent from $1,935 a year ago, according to market research firm Urbanation. — from a report by Bnn.ca.




Severe shortages are likely to drive home prices high. Most forecasts and expert predictions are for a flat market for 2018. Yet the economy is strong and looks to get stronger so a flat market is really about sales volume. Prices are so high no can afford to buy houses in Vancouver or Toronto and soon for condos.

It’s Still a Seller’s Market

It’s a seller’s market in 2017 and 2018, and with rent controls suppressing new construction, the pressure will build to create higher prices of resale homes and condos. As wild as Benjamin Tal’s prediction is, it jives with what’s going on in the economy.

Douglas Porter believes the market will heat up too, but his view is that it will end with a housing market crash.

If NAFTA talks go well, which they likely will, the North American and global economies will both grow. That doesn’t fit with some bankers and politicians wishful prognosis of stagnant or reduced prices in 2018/2019.

The latest numbers from Novembers mid month report by ZooCasa shows a surge of listings this month.  This rapid rise in listings in houses and townhouses tells us sellers might be too desperate, overestimating the effect of mortgage stress test changes, and clearly not of the view that the market will climb in spring.

In TREB’s monthly price charts, prices in the core districts of Toronto haven’t fallen. The demand for homes within commuting distance of jobs is high and buyers will likely pay any price. Home prices in the 905 area code have fallen (York Region, Mississauga), but perhaps that’s ready to heat up in 2018. There are still bidding wars and lots of over asking sales happening.

Let’s not forget that many renters and some homeowners will have to leave their current homes, and they will be exposed to a zero vacancy market you normally associate with New York City or San Francisco.



Does This Fall Season Foretell of 2018?

The fall season has been strong, and while the new mortgage rules will suppress demand for more expensive homes, and condos, those under $600,000 will be high demand. That will push prices up. So although some homeowners are pannicking and dumping their houses on the market, demand in 2018 will gobble them all up. Let’s not be distracted by the $3+ million dollar homes in Forest Hill and Mount Pleasant.

The Toronto condo market is sizzling hot and they’re running out of condos.

It’s a simple matter of supply versus demand in Toronto and Vancouver. The only solution is to end anti-development legislation. Vancouver and Toronto have been designated high growth super cities with large numbers of immigrants with visas and foreign students arriving every month. How can that be stopped now?




Government Manipulation Could Create an Economic Slide

If Trudeau and Wynne try to counter rising prices and demand for homes brought on by demographic and economic factors, via policy changes, it may create a bubble and then housing crash in Toronto and Vancouver, cascading right across the country.

In fact, it’s likely that they’ll both be run over be the economic train neither had any part in creating. For Trudeau, it is hypocritical to recruit a million new immigrants and then not help withh the housing crisis.  I think he’ll come around because of this. However, it still leaves the BC and Ontario premiers left blockading the housing highway.

For those who don’t want to live in these modern mega cities, there are other areas of Canada to live. The north is undeveloped, but as more babyboomers tire of the congestion of the city, they’ll be looking for homes, at least for 6 months of the year, in Canada. They may have to go north to find one, if anyone’s building up there.

And they won’t find much relief in Muskoka, Niagara Falls, Kelowna, or Victoria. Prices are up in most retirement cities and they’re rising in Costa Rica, Mexico, Florida and Arizona. Too many people bidding on too few properties. Simple math that seems to befuddle politicians.

Before buying a home or investing in rental income property, get some advice on maximizing your investment. The path you take might be surprising. Expand your search for homes for sale with an intelligent strategy that does more than calling a Realtor.




Before you sell, consider advanced selling tactics that can capture the full interest in your home. The demand for your home or condo is out there in the real marketplace. They just aren’t aware of your property. Marketing is worth many times what you pay for it. Consider the exposure of your property on Google, Google adwords, Facebook ads, in addition to your MLS listing. Don’t be timid. Power it up!

Related Posts:   Toronto Real Estate | Rental Income PropertyStudent Housing REITS | Toronto Condo Boom | Toronto Housing Bubble | Calgary Real Estate Predictions | Vancouver Housing Report |  Auto Insurance Quotes Toronto | Compare Auto Insurance VancouverSolar Power Systems | Future of Real Estate Mortgages | Digital Marketing Toronto  | Digital Marketing for Realtors | SuperBowl 2018 Picks | Real Estate Marketing | Vaughan Real Estate MarketMississauga Real Estate Forecast | US Housing Market | US Stock Market Crash 2019?

Houses For Sale – How to Find a Better Home for Sale ⌂ Los Angeles Phoenix New York Texas Florida Illinois

Find Houses for Sale with this Super Strategy 

Shop online for groceries, car insurance, or houses for sale, you’ll get better results by searching. In the case of home shopping, you’re going to save tens of thousands of dollars and get the home you want in the neighborhood you want.

That’s the beautiful thing about the Internet — a boundless number of sites that compete for your business.  There is no one single source for condos and houses for sale. They all compete but they don’t cooperate.

Below is an integrated home search strategy that will your make your house for sale search quest exciting and help you find the best property. You can still use a Realtor, but with this you’re still in charge and your Realtor will have to work to represent you.




People have so many hopes tied to acquiring a house (and dream home) yet most homes available for sale are a poor fit and a bad investment. You don’t have to setlle. When you limit your search, you ruin your chance to be happy. Google is a great help. Lots of help in finding open houses. But first, create a home search plan.

Seriously? A Home Search Plan?

Those who don’t plan, plan to fail. A bad choice has such serious consequences in money and happiness.  Take your time. And some selection criteria are more important than others.  List the must haves in your search and don’t deviate too far from. Here’s a few examples:

  1. which specific zip codes or neighbourhoods are right for your family? Find zip code neighborhood ratings and eliminate those with high crime ratings, no green space, recreation, inconvenient shopping, poor roads and utilities, poor schools quality
  2. excessive commute times? (how much can tolerate?)
  3. what size home do you need? How many bedrooms and bathrooms do you need?
  4. age and condition of home? (headaches and heartaches)
  5. what price range do you qualify for? How much for house, how much for renovations to improve bathrooms or create open concept layout?
  6. what downpayment should you have? (private financing)
  7. what payments can you manage? (house poor and depressed?)
  8. what will you absolutely not accept? (bad neighbors, viscious dogs, radio, swearing, drugs, drinking; and now you’ll take your time to make sure these awful things aren’t next door to you and your kids.)
  9. how much capital gains will you need over ten years? (you’ll eventually sell this house)

Realtor Systems are for Creating Sales

You’re not a transaction, you’re a family with a future. Keep in mind that Realtor type systems aim to sell you a house fast, not to let you get picky.  They might not even know about recent crime in the neighborhood or the condition and cost to upgrade the home to healthy.

You may need to go online, or use social media listening tools to learn of bad things in the neighborhood. At some point, your kids will come to face to face with them.

  1. setup a separate, new email address for the house hunting project only
  2. find your own home inspector
  3. use all the home finding sources below

Check out the housing markets in Los Angeles, San Francisco, Seattle, Houston, Boston, and Miami. The Florida housing forecast should be of keen interest to northern retirees and investors weighing the value of rental properties.




It’s understandable that you want to get right at it, and search for a few possibilities online or just call a Realtor™. That’s not wise. It’s far better to create your own web of contacts and resources. This big machine will help you tap into the biggest pool of homes and leads. I have a collection of home search resources that will give you better results than any Realtor™.  And you’ll find 16 tips on homes for sale searching below too — a pro researcher’s process to help you scan for the best homes for sale online and select the right one. We’re going to get you on the sure path to your dream home — a powerful investment and a launchpad to a happy life.




Sharing is Good for Your Social Health

Please share this huge list of amazing property listing sites that have homes for sale below with your friends and family. Help them get the best and avoid the worst. This could be life saving!

Whether as a home or as a property investment income generator, you’re smart. It’s the one investment that creates additional streams of revenue from renters to solar roof panels to tax write offs.




With these tips and resources you can search and drill down to find the best homes for sale, including those not listed on the MLS. Google alerts can help you find new property listings that appear on websites, pages that aren’t very well promoted, because the real estate agent doesn’t want to spend money on Internet marketing.

Don’t rely on lazy Realtors — take massive action to find all potential properties for sale and work with winners.




17 Tips for Home Searching – Online and Offline

  1. visualize the type of home you want and avoid buying whatever the market has up for sale
  2. list your home feature priorities as a guide to keep you on track (e.g.,# of bedrooms floors and washrooms, square footage, distance to school or park, price point)
  3. research the best cities and zip codes with good schools, low crime rate, lower taxes, and lower density
  4. check out the home price history in the city, neighborhood/zip code, comps for similar houses, and the frequency of sales in the neighborhood
  5. do an online search of the street, neighbors, and see what comes up
  6. get preapproved and know how much you qualify for and how you will manage paying the home loan payments for years — don’t waste time searching for homes $100k above your budget
  7. search for the best mortgage deal online – don’t get stuck with a local mortgage agent who sweet talks you into a less than ideal solution
  8. find a good home inspector you can rely on to give you the best insight into the home’s condition
  9. search online for a good realtor, and do not just call one and settle — ask questions about experience, marketing skills, sales and negotiation experience, references, communication skills, and check their website out thoroughly — is this someone who is really into being a Realtor?
  10. connect with many different Realtors since each of them have their own connections and opportunities — the more the better
  11. search online using a variety of sources and get alerts from many Realtors and Google alerts on new properties
  12. before you go to a showing, create a spreadsheet chart that lists each feature you must have and below some nice to have’s and give them a 1 to 3 rating each – bold the top 3 must haves.
  13. measure your furniture and list them on a piece of paper and when you arrive at the home, sketch out the home layout and its dimensions – you can review them later when you have more time to think about everything you need in this home — don’t be impulsive but instead be critical, because if you like it, you’ll get your endorphin boost later
  14. pretend you’re a home inspector and walk around the property and the neighborhood — get a feel for this location and whether you feel comfortable, and take note of the attitude of your neighbors — you’ll be seeing them often
  15. take lots of photos inside the home – zoom in on the kitchen, bathroom, so you’ll have these for future reference when you’re comparing homes
  16. ask to see the actual tax statements and utility bills
  17. check the homeowner’s social pages and Google them thoroughly




Is the home you’re searching for Tech Friendly?  Even Millennial aged buyers forget this factor when attending open houses or showings. Tech-friendly is in.

Infographic courtesy of Porch and https://www.pinterest.com/pin/569142471629698008/

Before you buy, make sure you learn more about the housing market, (e.g., Los Angeles, San Diego, New York, San Francisco, Phoenix, Dallas, Charlotte, Seattle, and Vancouver). These are exceptionally hot markets where you’ll find high priced properties. For other lower priced markets see the cities page. Learn more about cities at city-data.com.

 

Best Places to Search for a Home

Looking in all the wrong places? There’s a cure for that — the right places. Take your time and peruse all of these so you craft a better understanding of the home search process.




  • Homes for Sale in Los Angeles – Search for dream properties in LA – owners list in Dream Homes Magazine to reach the wealthy clientele.
  • Homes for Sale in San Diego – Dream Homes has the best coverage of San Diego.
  • Luxury Homes for Sale above $10 Million+ For the world’s wealthiest 1%, Mega Dream Homes is the place to visit. Find a super luxury home real estate agent.
  • Homes for Sale in New York – Zillow is one site you need to use more often. They operate outside of the MLS system and can help you find additional properties.
  • Homes for Sale Silicon Valley CA – Sothebys has its own set of luxury home listings in the lucrative market in Silicon Valley.
  • Homes for Sale San Francisco – Century 21 is yet one more channel to search in the scarce San Francisco market.
  • Luxury Homes for Sale San Jose CA – Luxury Portfolio has additional opportunties you should get connected with.
  • Homes for Sale Seattle – Redfin could be an aid to your search in 2017.
  • Find new homes for sale in Canada at Buzzbuzzhomes.
  • How about a new home in Phoenix via the New Home Source?
  • Check out Boston’s hot home market with Coldwell Banker Realty
  • Search for Bargains in Calgary Alberta – The Saudis are already jacking up the price of oil and guess who has oil? Calgary Home Boys know the Calgary market.
  • Movoto is yet another resource to help you find homes in Chicago.
  • Homes for Sale Salt Lake City – How about Ziprealty for a unique selection of properties.
  • Denver Home search – should foreclosures be a part of your search?
  • Condo investments in Miami – Are condos good investments?
  • I wouldn’t recommend Craiglist real estate to find Atlanta homes for sale right now, however in a few years, it might be a relevant source.
  • How about searching an FSBO site for Homes for sale in Denver?
  • Find a home in Houston with Better Homes and Gardens
  • Dallas homes searches using an auction service?
  • Keller Williams is yet one more search option in Philadelphia
  • Search the scarce listings of homes in Vancouver for sale on Point2point.
  • If you’re patient and want a lower initial investment point in your home investment strategy you could keep informed with distressedpropertiessale.com
  • Find the best bargain properties via the Times Picayune in New Orleans.
  • Looking for investment property in San Antonio? Asking an experienced income property investor could be helpful.

 




Share this post on Facebook, Twitter, or Linkedin. It’s good to share!!




Latest Posts: Real Estate Investment | Florida Housing Market in 2018Best Cities List 2017 | Real Estate Zip Codes |  Apartment Rental Forecast San FranciscoBest Real Estate VideosLos Angeles Real Estate Forecast | New York Real Estate Predictions |  Housing Market Forecast | What is Blockchain Real Estate | Vancouver Condos | Toronto Condos |  Aurora Newmarket Real Estate |  Seattle Real EstateWhen should I Sell My House? | RETS IDX | Stock Market Crash Indicators | First Time Home Buyers | Canadian Home Buyers Guide  | Real Estate Lead Generation | Auto Insurance Quote | Housing Market 2017 | Rental Income | Best Investments 2017 | Retirement Investment | When should I Sell My House? | Blockchain and Real Estate | First Time Home Buyers | Canadian Home Buyers Guide | Stock Market Crash

 

Bookmark this page and return for further housing market forecasts, predictions, expert opinions and market data for most major US cities including  Los Angeles, Phoenix, Denver, Seattle, Chicago, Boston, New York, Dallas, Houston, San Antonio, Austin, St Louis, Minneapolis, Green Bay, Charlotte, Tampa, Miami, Orlando, Toronto, Vancouver, Montreal, Ottawa, Oshawa, Hamilton, Newmarket/Aurora, Richmond Hill, Oakville, Calgary, Kelowna,Mississauga, Anaheim, Beverly Hills, Malibu, San Diego, San Francisco, San Jose, Fresno, Santa Clara, Sacramento, Mountainview, Palo Alto, Portland, Washington, Atlanta, Irvine, Nashville, Sunnyvale, Salt Lake City, Riverside, Rancho Cucamonga, Costa Mesa, Thousand Oaks, Simi Valley, Raleigh, Albuquerque, Glendale, Oceanside, Long Beach, Huntington Beach, Carlsbad, Santa Clarita,  Henderson, Mesa, Temecula, Kirkland, Redmond, Kansas City, St Louis, Stockton, Scottsdale, Palm Springs, Indianapolis, Columbus, Colorado Springs, Fort Worth, Chula Vista, Escondido, Santa Monica, Miami Beach, and Honolulu.

Vancouver Housing Market Forecast 2018 ⌂ Richmond Burnaby City of Vancouver Surrey Richmond BC

Vancouver Real Estate Market 2018 and 2019

Prices were up and sales were up, and listings are down in the greater Vancouver housing market last year.

GVREB reported that the MLS® HPI composite benchmark price for all residential properties in Metro Vancouver
finished up 15.9% at $1,050,300 compared to December 2016. Home listings rose 44% over 2016, and sales to homes ratios hit a whopping 14% for detached homes, 38.8% for townhomes, and 59.6% for condominiums in greater Vancouver.

While there’s much talk about the depressing effects of Federal increases in interest rates and stress tests, it remains to be seen if it has any impact on the market, since those affected are unlikely to qualify to buy Vancouver’s high home prices anyway.

The December home market sunk by a whopping 28% from November’s totals and this will hardly spur new home development. It’s likely price pressure will return later in 2018. In fact, Phil Soper, President of Royal Lepage brokerage says Royal LePage predicts prices will rise 5% to 6% to $1.3 million on average across all home types in Greater Vancouver.




Just as in the Toronto real estate market, the condo market is where the focus is. That’s due to prices and the fed’s new stress test mortgage rules. With everyone bidding on lower priced condos in both cities, we should see big price increases, especially as borrowers hunt for new mortgage financing. Demand can disappear for a while, but it will return because so many people need a place to live.

Richmond and New Westminster bucked the downward trend with price growth of 2%. Richmond, Squamish, Whistler, Coquitlam, Burnaby and New Westminster also saw gains in apartment/condo prices in December.

December also saw the lowest level of home listings. The 20% decline is scary, making a 2018 housing forecast for Vancouver difficult.

Valiantly, Vancouver home builders are building multi-tenant buildings yet it looks like a losing battle. They issued permits for 263 units for all of Vancouver in October. It’s a market that’s run out of gas but the prices haven’t declined as governments had hoped.

Are you looking for good opportunities for rental income property? Or just wondering when the best time to sell your home in greater Vancouver? Take a look at the best best renovation ideas and plan your selling strategy.




The Vancouver housing market is reflective of a strong BC and Canadian economy and the outlook for spring 2018 is positive too. As the King of unaffordability, Vancouver is suffering from a crushed housing market, big immigration, increased global trade, growing poverty and stagnant wages. The monthly stats send the same message each time.

This same situation exists in the Toronto housing market which is enjoying a stronger fall season as well. In fact, a few are sensing the beginnings of continued housing boom after a weak late winter 2018 season.

The Real Estate Board of Greater Vancouver (REBGV) reported that sales of detached, attached and apartment properties reached 35,993 on the Multiple Listing Service® (MLS®) in 2017, a 9.9% decrease from the 39,943 sales recorded in 2016, and a 15% decrease over the 42,326 residential sales in 2015. — from GVREB 2017 Year Report.




Vancouver remains perhaps the most unaffordable city in North America based on home price vs income. With new mortgage rules coming in 3 weeks, more Vancouverites will find themslves stuck in the rental market which is also not getting any better. Ask any post secondary student about housing.

The sales to listing ratio for the all important condomnium market was an astonishing 68%, up 7% since September. Cheap condos are hot, and going for way beyond what they’re actually worth.

Check out Realtor Steve Saretski’s November report and this key revealing graphic that foretells of 2018 and 2019 markets:

Maple Ridge and Port Coquitlam had big prices increases of 3.8% and 4.2% price growth in apartments. Single family houses in Squamish grew 3% in price this last month.

Share this report on Facebook. Sharing is good. People need more perspective because what’s being done in the Vancouver market is not working.

Given the fate of the Liberals, the NDP government may not be too eager to go the market killing route. However, the new plan being proffered by the Gregor Robertson’s city government, may be the thing I’ve commented on many times – that governments start economic and housing crashes, not the markets themselves.

Robertson is quoted as complaining about Vancouver’s amazing prosperity as “hit us like a ton of bricks.”  Those aren’t the kinds of words investors and homebuyers want to hear.

But should a local mayor be fiddling with strong global and national economic forces? Is he way overmatched, just like Wynne in Ontario?

One outrageous goal for Robertson may be to restrict ownership of Vancouver real estate by non residents. Seriously, in this era of open trade, he is actually considering it. Maybe Robertson will opt out of all trade deals and cross border business too since that just fuels demand for real estate?



It could be BC voters have learned that despite terribly high prices, that the BC economy is more important. And the strong Canadian economic forecast will push house prices higher. The solution is big investment in housing not in meddlesome government actions. When a politician fusses with administrative red tape, he’s telling us a lot.

The Need is for More Housing

Breaking News: PM Justin Trudeau has just announced a program to bring in one million new immigrants over the next 3 years. How many will choose Vancouver?  The influx will almost certainly impact Vancouver’s housing availability. Most newcomers are to come from Asia. Many immigrants are already here as students and there’s no housing for them.



House and Condo Stats in November

Sales in Vancouver were up 7% from September and up 35% from last October. Prices rose .5% over September and  12% over October 2016. Buyers have more million dollar homes (up 14%) at an average price of $1.6 million and a DOM of 41 days. Vancouver condos / townhouses prices 14%) in October. The sales to active listings ratio was an incredible 67% in October. Prices rise when that ratio surpasses 20%.

Experts believe rising mortgage rates and more restrictive stress tests will deflate the market. Fewer middle class earners will be able to qualify. That will put more pressure on the Vancouver rental market which is approaching zero vacancy rate. Incredibly, housing starts are down  and that will put upward pressure on the resale market.

BCREA in its 4th quarter report, forecast home sales might decline 10.4% to 91,700 units in 2018, after an expected 8.8%. A record 112,209 unit sales were recorded in 2016.  But these drops in sales are just drops in financial transactions. Prices of condos and houses aren’t falling.




It would be difficult to rationalize lower prices given a strong, growing economy and a lack of housing in Vancouver.

It’s All About Condos in Vancouver, Burnaby, Surrey, and Richmond

Demand for places to live and for investment properties is being funneled into the Greater Vancouver condominium market.

As of the first half of this year, HPO had received registrations for 1,788 new Vancouver condos, down from 2,488 units at the same time in 2016 — from a report in the Vancouver Sun.

Homes for sale scarcity combined with eager buyers, means demand is being focused on condos, townhouses and apartments. 3043 property sales were recorded in August 2017 which was 2.3% increase over July’s numbers. And it represented a 22% increase over August 2016 sales.




Condo Sales Driving Vancouver’s Market

While sales of detached homes dropped in August 2017 compared to July sales, and compared to August 2016 sales, Vancouver condos are in hot demand.  More than 4200 condos and townhouses were listed for sale in August. The decreased availability and rising prices are putting big pressure on International students studying in Vancouver.  UBC has 6000 students on their housing waitlist. Huge investment opportunity in foreign student housing.

Are you an investor? The August 2017 sales report shows townhouse/condo/apartment prices are rising fastest in Pitt Meadows, Squamish, Port Coquitlam, Burnaby East and Whistler. Mapleridge saw a big increase in apartment prices likely because the average price is only $252,000.

REGBV’s August 2017 report shows home and condo prices are rising. Any home for sale in Metro Vancouver between $350k and $750k are still subject to multiple offers. The big change is in the number of Vancouver area homes for sale which plummeted 19.2% since last month. Overall, the number of properties for sale dropped 4.2% since last month.

Check out the Calgary housing forecast and the Toronto housing Market for comparison.

REBGV President Jill Oudil stated the detached home market has achieved a balanced state and that buyers have more homes to choose from. That may contradict the reality that the volume of homes available for sale has plummeted. The truth might be that there are fewer buyers of homes above $750,000 which comprises most of the homes in Metro Vancouver. It’s a split market like Toronto.

The Federal Government has just raised the prime lending rate to 1% and hinted at further rate increases, and this will likely cool demand for higher end homes. The demand in Vancouver is still present, and the buyer target is condominiums.

Vancouver is host to tens of thousands of foreign students studying here, and they have an impact on condo prices. Currently companies such as CIBT specialize in student housing investment.  They purchase properties such as hotels to fill this big demand in a Vancouver housing market that is near to a zero vacancy rate. Check out the student housing investment opportunity yourself. The forecast here is for more demand.

Vancouver’s Housing Forecast Remains Positive

The last 8 years have been a real awakening for the city of Vancouver and for the rest of BC.  BC is now is perhaps the hottest province economically in Canada. This has spurred tremendous construction, entrepreneurial, and employment opportunities.  The demand for housing speaks for itself.

The BCREA reports that housing starts next year will jump dramatically. However, is 2,000 more units sufficient to quell the overheated market for rentals and buyers?

Screen Capture Courtesy of BCREA

This new tax, good for the BC government, may squash employment growth as Asian buyers look to live and buy elsewhere. Although this is a downer for Vancouver, it’s brightening the forecast for Calgary and theToronto housing market, where new investment is predicted to grow. Judging by the number of people visiting my site looking for info on Toronto, the demand is changing.




Post tax implementation: The average composite price for a Vancouver home was $938,000 in July which is still 33% higher than one year ago. The BC government has its worked cut out for it. The BC provincial government was already collecting $1.6 Billion dollars in taxes and the new tax will create a ridiculous opportunity for government spending in 2017. Do you cheer or jeer?

Here’s a look at the historical price trends in Vancouver contrasted with Toronto pirces. You can see the Toronto real estate forecast here.

The total numbers for July and August of 2017 haven’t been reported but we’d have to guess at $10 Billion for the two months.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Metro Vancouver totalled 2,489 in August 2016, a decline of 26 per cent compared to the 3,362 sales in August 2015; 10.2% fewer than the 2,771 sales in August 2014; and 1% less than the 2,514 sales in August 2013. August 2016 sales also represent a 22.8% decline compared to last month’s sales. –  From the latest market report from REBGV on Sept 2, 2016.

The forecast is for fewer sales and perhaps lower prices, yet because of the foreign buyers tax, it might look more precipitous right now than it actually will be.

bcreasales2017f

Regarding Vancouver condos, it looks like demand has slackened for cheaper accommodation and apartments and condos. REGBV said “Sales of apartment properties reached 1,602 in July 2016, a decrease of 7.3 per cent compared to the 1,729 sales in July 2015. The benchmark price of an apartment property increased 27.4 per cent from July 2015 to $510,600.”

BC Economic Outlook

Although employment growth and GDP will moderate, BC residents and homebuyers will have much more disposable income. These facts plus an expected 5.5% rise in retail sales will definitely perk the attention of businesses everywhere.

bcreaeconomy2017f

Running out of Land in Greater Vancouver

BC lower mainland real estate is doing well, in stark contrast with Northern BC which saw its sales volume drop 8% and total sales volume drop by 25% compared to January 2015. It will be much worse in August and September.

The Greater Vancouver area saw its sales volume rise 73% to $2,788,099,000.  That was actually overshadowed by the 101% rise in sales volume in the Fraser Valley year over year in January.  The valley had a growth of $427 Million. Chilliwack and Powell River saw significant gains too, as affordability issues are forcing more BC residents out into the burbs.  The condo market in Vancouver showed a shocking increase of 50% year over year.

What it means for BC is a rare moment of sunshine where it is leading Canada in prosperity. Add that to BC’s more progressive and optimistic culture, and you’ve got an exciting mix. We can only hope it will last for a few more years before the Conservative wet blanket kills the party.

Vancouver Island enjoyed 50% growth in sales volume and the city of Victoria grew in sales to $260 Million in January. The south Okanagan region had a surprising growth of 44% in sales volume as well. It’s hard to argue that the Okanagan has not benefited from real estate and migration.

mapoflowermainland

Yet, this market isn’t the hottest on record for BC, which was even more heated in 2005. Should this non-record high real estate market be snuffed out?

While politicians are jumping to suppress sales in BC, no one can argue that the deluge of real estate investment money is creating unheard of opportunity in Vancouver. The province is drawing migrants from Alberta and Saskatchewan who are looking for jobs at a time when Alberta is facing its biggest crisis ever. The worst hasn’t even hit Alberta yet, as oil sunk to touch $25 a barrel last week.

As far as the shadow flipping controversy is concerned, some believe the privacy issue in transactions will ensure the practice of flipping will continue unabated.  Others suggest the inflow of Chinese funds into BC will be terminated by the Chinese government and price rises  would then abate.

What is Shadow Flipping?

The Vancouver real estate forecast is glowing and is not headed upward, and Vancouver’s economic resilience has been tested by low commodity prices. Still, these good times never last so BC residents should revel in their wealth of opportunity. It’s a good time to be an entrepreneur in Vancouver.




Related posts: Housing Market 2018 | Calgary housing forecast | Vancouver Condo PricesRental Housing Market Outlook |  Los Angeles Housing Market | Student Housing VancouverToronto Housing Market | San Diego Housing Market 2018 | Real Estate Agents | Blockchain and Bitcoin Cryptocurrency | Toronto Real Estate SEO | Vancouver Real Estate SEO | Stock MarketVancouver Condos | Toronto Condos | Vancouver Housing Forecast | Blockchain Buying and Selling Real EstateReal Estate SEO Specialist | Top Real Estate Lead Generation Sources| Best House Renovations

Are you a Vancouver real estate agent selling condos in Vancouver or detached homes struggling with online exposure? You’ve come to the right place. Have a good look at the best realtor digital marketing program available anywhere.

* BCREA is the professional association for over 19,000 REALTORS® in British Columbia Canada. BCREA focuses on provincial issues that impact real estate. Working with the province’s 11 real estate boards, BCREA provides continuing professional education, advocacy, economic research and standard forms to help REALTORS® provide value for their clients.

Toronto Condos – Booming Market for New Construction Condominiums

Beautiful New Condo Buildings in Toronto

Over the last 10 years, condo design has undergone dramatic shifts. Engineers are able to build whatever condo architects can dream up.  Normally dull and unimaginative, the skylines and communities of Toronto and Vancouver are undergoing rapid change with spectacular results in living and visual appeal.

In fact, we’re enjoying an explosion of interesting new architecture, property layouts and rich condo amenities for all newcomers to urban vertical living. As the latest Toronto market report reveals, prices are rising.

condos eau de soleil
Eau De Soleil in Toronto offers some impressive views for hot tub lovers.

Why Buy Toronto Condos?

Once prospective buyers make the mindset adjustment to see condos as “vertical communities” with all the amenities they most want, the decision to buy is a lot easier. With home prices out of reach, many first time buyers can only consider a condo purchase.

With buildings themselves projecting creativity, it helps launch buyers into the market with more purchase intent. What do most condo buyers demand in a new condo?  Views, especially views of Lake Ontario. Any spot on the waterfront from Queen’s Quay all the way to Burlington is in hot demand.




And the demand for condos in Toronto is strong. In fact, many projects almost abandoned due to the recession are roaring back into production, sometimes at a larger scale than previously planned.  According to TREB, the resale condo market jumped by almost 13%. Asian and Middle eastern investors are adding to the demand of first time buyers.

A Great Selection of Unique Condominium Spaces and Amenities

The selection of new condos in Toronto (and Vancouver) is almost ridiculous.  Formerly criticized for “oversupplying the market” experts are realizing supply won’t be enough in the coming years.  That availability will be a big drawing point for young immigrants from China whom we need to attract here. You’ve probably noticed some the designs have Asian themes which adds another interesting element to the condo market.

I’ve always believed there’s no contest between a house and a condo, but condo design has become very innovative. Both interiors and exteriors, plus building amenities are amazing. Pools, views, exercise areas, basketball courts, makes life very convenient and even romantic.

Given detached housing is unaffordable for most, condos are a nice alternative for those who want easy living combined with affordable pricing.




The Shop at Don Mills in Toronto seen below, is a nice sized development, the way they should all be, but with all the super amenities of course. You have to admit, that might be as good as condo living can get.

condostheshops

Living on the Lake Ontario waterfront is a dream for many. The BridgeWater Residences, Burlington, a 22 story story structure fused with a 7 story building gives you a spot overlooking the fast improving Burlington waterfront.  Residents will enjoy a state of the art fitness centre, an entertainment lounge, an indoor pool and even 24 hour room service and other hotel like services. 11,000 sq ft of commercial retail space has been set for the ground floor. Definitely a statement of luxury, prestige.

Condos for Sale Oakville Bridgewater Residences

The Shores in Oakville would be amazing to place to call home. Right above the Harbour on the waterfront. I walked around it and thought it was very nice.  The units have nautical themes and they were available starting at $390,000.

condostheshores

The Absolute Condos in Mississauga — an awe inspiring 56 story and 50 story condo couple that gives the city the distinction it never had.  Standing at the base of either building is even better than being under the CN Tower. It’s so odd how they lean over from high above. You shapes beckon you to dream about what it would be like to live here.

If you’re interested in purchasing a unit, call Damir Strk of Remax

Absolute Condos Mississauga

Eau De Soleil in Toronto is being hailed as one of the coolest condos in the world. The newest development on the Humber Bay shoreline will be home to more than 1000 residents. They will enjoy some of the coolest living spaces yet in Toronto. And the views as you can witness here are incredible.  For anyone who enjoys these social and vibrant communities, Eau De Soleil won’t disappoint.

eu de soleil Condos Humber Bay Toronto

eaudesoleil

edswaterfrontview-condo

Pier 27  Tower on the Lake will be constructed in the Queen’s Quay area at the bottom of Yonge St.  It will be one of the more unique luxury condominium developments in Toronto highlighted by the skybridge which joins the develpments 2 separate buildings. One 35 story building is easily recognizable to its piled plate design will have over 300 suites.

pier 27 condos for Sale

Garrison Point is a new Condo complex with a obelisk style design. It’s located in the southwest part of Toronto on the shores of Lake Ontario. Excellent views.

condosgarrison

One Bloor is a spectacular new development near Yorkville gives residents of the advertising district a special home. The building is now Toronto’s second tallest residential building at 76 stories and 844 feet.  It will offer 27,000 sq ft of resort-inspired amenities and will include 100,000 sq ft of retail/commercial space. Condo for Sale Toronto

The Emerald Condos in North York offer a scary view for top floor residents. Architects are creating features that just don’t seem possible!

Condos for Sale - Emerald Park
Emerald Park Condos Toronto

The massive Ice Condos in downtown Toronto, offer awesome views. The Wow the designs  by Lanterra Developments and Cadillac Fairview are appealing. 57 & 67 story towers containing over 1200 units. Good opportunity for Asian investors.

Condos for Sale
Ice Condos Toronto

The rooftops on condo buildings are the top of buyers imaginations but not many condo developers have any respect for those wants. The more customer oriented developers are thinking “cruise ship” for their rooftops.

condosTridel-Aqualina-rooftop

With all this glass, you don’t have to worry about depressing Canadian winters.

Condo Interior Luxury Condo Toronto Waterfront

Toronto’s not the only Canadian City with stunning condominium developments. Take a look at some spectacular condos in Vancouver.

Related posts: Housing Market 2020 | Toronto Condo MarketCalgary Housing Market ForecastRental Property Market Outlook | Los Angeles Housing Predictions | Toronto Housing Market | San Diego Housing Forecast | Real Estate AgentsVancouver SEO Consultant | Miami Condo Market ReportToronto Real Estate SEO | Vancouver Real Estate SEO | Vancouver Condos | Vancouver Forecast | Real Estate Leads | Toronto MLS | Real Estate SEO Specialist | Real Estate Lead Generation Ideas




Real Estate Video for Power Home Selling

Homebuyers Are Watching More Video Than Ever

Real Estate Video is a selling machine.  As you’ll see in a few of the videos below is how video can present properties for sale in a more compelling, engaging way. The end result is more engaged viewers, more interested buyers and ultimately a higher selling price.

This post you’re reading is one of my most engaging posts with an amazing engagement time of 15 minutes. Why? Because it’s helpful, on a topic people know is important, and it’s entertaining. This is what good content looks like.

You’ll find 18 reasons why you must use Real Estate Videos to sell homes in 2018. And you’ll be enjoying some astonishing videos and infographics too. Change your approach and change your results.

If you’re a home owner, you’ll want video as part of a complete digital marketing sales system working for you. That will combine with Facebook and Google Adwords ad campaigns, compelling marketing pieces such as blogs and downloadable guides, along with a superior digital sales strategy.



Video adoption is still lagging online yet consumption of video is increasing.  Both  Realtors and homeowners may not be convinced, but in reality the cost of producing video has dropped. Hundreds and hundreds of new high quality real estate video production companies have spawned in the last couple of years.

Video Is Growing in Use Online

Video on your webiste and Facebook is great, but it’s also important in advertising.  Having your own video within your Facebook video ads, lead ads, or Google Adwords ads is very powerful.

Viewer engagement numbers are very high.

Combine that with remarketing ads and you have persistent high quality exposure to your audience.  And Realtors,  if you have a list of prospects emails and names, you can target custom audiences and target only those people. This maximizes your impact and minimizes waste.

Take a look at some numbers here from Hubspot.

With drones and 4K video technology, you’re able to present your buyers with an exceptional sales piece complete with elegant music and key selling features to help get buyers focused on buying your home.  It really is about focus, and that is created through effective videos.

Forget what you’ve heard and expect about video. Speak to a video producer and let them explain what is possible and persuasive. Open your mind about how video can represent you and your property.

Video doesn’t preclude in-depth blog posts, viewable mls listings, and material that builds trust.  Video adds an additional visual element that is engaging. You really do need it. There are few realtors below who understand the power of video. If it’s done with good taste, sincerity and good production values, a video can be a powerful lead generator.  And let’s not forget how sharable a Facebook or Youtube video is.

Using a real estate presentation video may have more selling power than you realize as you’ll see in these amazing realty videos below. You can get more offers, sell higher, and get offers faster. Let’s launch a bidding war.  If your realtor isn’t using video, you’re missing out on leveraging engaging content that will impact, engage and persuade.




According to an Australian Real Estate Group, real estate listings that include a video receive 403% more inquiries than those without

If You’re Going to Sell Your Home – Get Big Exposure and a Beautiful Video

Let’s explore the world of video real estate marketing and how it might benefit your online reach, impact and sales. Video’s such a fun medium, you’ll have a fun time exploring and evaluating it.

Mobile and Video really growing: Smartphone traffic will exceed PC traffic by 2020. Ultra-high-definition (UHD) will be 20.7 percent of IP video-on-demand (VoD) traffic in 2020, up from 1.6 percent in 2015.

tubularinsights
This study by Tubular Insights showed a remarkable improvement with photography and video on estimated value of the property. So much for market assessment!

I’ve got 18 compelling reasons why video should be part of your home selling and marketing mix. Which of the 18 are most important is up for debate, but perhaps the top reason is that consumers online are watching more video than ever.

Some are forecasting that most internet traffic in a few years ahead will be video viewing on mobile phones. Reading isn’t a whole lot of fun on a smartphone and it makes sense that consumers will expect content and information in a non-readable format.  It’s not that they don’t want to think, it’s that they will lean to information that’s easy to experience and absorb. Video has a big advantage over text here (however, let’s not forget that Google ranks your pages using the text!)

The power of real estate videos is in three dimensions: 1) technology and functional compatibility, 2) emotional engagement and retention, and 3) enhanced reach into the marketplace. If you can achieve all of these rather difficult challenges, you’re on your way to top sales. For the homeowner selling a house, property, or condo, it can generate multiple offers leading to a sold over asking price result you most certainly want.

2017 Forecasts: Interested in knowing more about the US housing market, San Francisco Rental Income Market,  Los Angeles real estate market, or Toronto real estate market through 2017?

Agent Introduction and Update Videos

Here’s Austin Realtor Jill Leberknight with her agent introduction video. She’s an exceptional pro:

The Best Real Estate Listing Videos

To whet your appetite, view this video from Sureshot and you’ll not how elegant it is and how it well it reveals the features of the home. Is this more powerful than the MLS listing data?

Unit 7, 26 Paton Street, Kangaroo Point, Brisbane from Sure Shot Film on Vimeo.

And in this real estate video, we see how seamlessly and comfortably the drone aerial footage is fused to the indoor shots. How much more would your home or condo sell for with a video like this?

And the shots and vistas in this video are compelling.

So much creative styling, motion, color, sound and visual content can be used in a real estate video. This is a ranch style home in beautiful Canmore, Alberta Canada.

Now if you have a professional film crew handy, you might take the video home viewing to new cinematic heights. Get blown away by this land/sea/air excursion into an incredible mansion in Del Mar California, just north of San Diego.




Real Estate Video in 4K – The next Generation is Here

Oh yes, our adventure isn’t complete without sampling an amazing 4K video of a home for sale in Utah.

Have to admit it, those Drones do have their purpose in real estate video marketing.

18 Reasons to Use Real Estate Videos

  1. Videos keep visitors on the site and not leaving –  the average user spends 88% more time on a website with video with many viewers watching the same video several times.
  2. Videos often rank well in Google search results on their own
  3. Video engagement is watched by Google thus your page looks like it is of more interest to searchers and your Google rankings will rise
  4. Homeowners prefer realtors who use video on their websites
  5. Video attracts 3 times as many links to your site compared to other types of content
  6. video increases email engagement and sales response rates
  7. Video creates better impact and memory retention/recall for better branding
  8. Video is more emotionally engaging and when you’re selling, it’s all about emotion when buyers are making the decision to buy – when buyers see rooms in motion they’re more likely to think about how their kids would use the home — important prepurchase behavior
  9. Videos build buying intent, activate impulse, and make buyer prospects feel more confident – Enjoyment of video ads increase purchase intent by 97% and brand association by 139% according to Unruly.
  10. Video presents and reveals top home features more convincingly
  11. Youtube is very popular still and reaches a lot of consumers
  12. Video is still leading edge and prestigious – it greatly enhances a realtor’s credibility and professional brand image
  13. Homebuyers want and expect real estate videos — come on, they’re buying their dream home!
  14. Neighbourhood video tours are fun – and you can brand your videos anyway you want
  15. MLS stats alone leave buyers feeling cold – they’re not statisticians, they’re flesh and blood, emotionally buyers who want to feel continuously good about their intention to buy a home
  16. People love sharing videos with friends on Facebook and other social media – friends and family provide positive feedback to them
  17. Personalizes video is one way a local realtor can beat the big real estate brands and websites — their Achilles heel is a lack of personalization and emotional connection
  18. By doing a short cameo appearance in your video, you’re introducing yourself in the most way — relative to a pleasant tour of the property – which moves them a step toward negotiations

When visitors see only an mls listing, it is a bland piece of content that unfortunately you can emotionally associated with. What happens in branding terms, is that you become a commodity because this exact same mls info is found on hundreds of other realtor websites

How do You Make a Great Real Estate Video?

What makes a great real estate video?

  • excellent well defined videography with great lighting that makes everything visible and transparent
  • smooth sweeping motions that provide a comfortable viewing experience
  • a few visual surprises
  • the right music for the target buyer
  • 4K high definition video and ultra high quality audio
  • a personal introduction from you
  • aerial views of property and neighborhood
  • home is nicely and professionally staged

Here’s Australian videographer Dave Dwyer explaining how real estate videos are produced: davedwyer.com.au

What better way to learn some real estate video tips than via a video?

Real Estate Videos statistics. See the great collection compiled by Virtuets. http://www.virtuets.com/45-video-marketing-statistics/

videosalesfigures

There you have the ultimate Guide to Real Estate Video. Take a broader look at your homemarketing plans for 2018 and 2019 and integrate video in it. The value of increased audience engagement and social media engagement shouldn’t be understated. It’s tens or hundreds of thousands of dollars difference depending on your needs.

Related posts: Housing Outlook | San Francisco Real Estate ForecastFirst Time Homebuyers Tips | LA Housing Market | Toronto Housing Market | San Diego Housing 2017 | Real Estate Agents | Blockchain Real Estate | Toronto Real Estate SEO | Vancouver Real Estate SEO | Vancouver Condos | Toronto Condos | Vancouver Housing Forecast | Affordable Leads | Digital Marketing for Realtors | Realtor Branding | Bidding Wars |  Seattle Real EstateRealtor Growth Hacks | Realtor Skills | Realtors Benefits | Home Search | Richmond Hill SEO | Boston SEO | Vancouver SEO | Rental Income Housing | Homes for Sale | Homes for Sale Aurora | York Region Real Estate

Gord Collins —  I generate leads for realtors in Los Angeles, Phoenix, Denver, Seattle, Chicago, Boston, New York, Dallas, Houston, San Antonio, Austin, St Louis, Minneapolis, Green Bay, Charlotte, Tampa, Miami, Orlando, Toronto, Vancouver, Montreal, Ottawa, Oshawa, Hamilton, Newmarket, Richmond Hill, Oakville, Calgary, Kelowna, Mississauga, Anaheim, Beverly Hills, Malibu, San Diego, San Francisco, San Jose, Fresno, Santa Clara, Sacramento, Mountainview, Palo Alto, Portland, Washington, Atlanta, Irvine, Nashville, Sunnyvale, Salt Lake City, Riverside, Rancho Cucamonga, Costa Mesa, Thousand Oaks, Simi Valley, Raleigh, Albuquerque, Glendale, Oceanside, Long Beach, Huntington Beach, Carlsbad, Santa Clarita,  Henderson, Mesa, Temecula, Kirkland, Redmond, Kansas City, St Louis, Stockton, Scottsdale, Palm Springs, Indianapolis, Columbus, Colorado Springs, Fort Worth, Chula Vista, Escondido, Santa Monica, Miami Beach, and Honolulu. Find a Los Angeles Real Estate Agent who will actually work for you.

Los Angeles Houses for Sale ⌂ Finding Unlisted Houses & MLS Listings

Houses for Sale in Los Angeles

Stuck hunting for homes for sale in Los Angeles without much luck? Take a look below to find great sources of the best Los Angeles homes for sale in 2017. And check out the Realtors listed below to keep current on homes that are never listed.

If you’d like to get access to the best pocket home listings, you need to be in touch with a number of Realtors in the Los Angeles areas you’re interested in.

There are at least 10,000 homes for sale in Los Angeles listed on homes.com alone and zillow has 8,000 listed. That’s a lot of houses for sale! But that’s only 60% of the available ones. The LA house you’re looking for may never be listed. You need to be on the inside beforehand to get your bid in.




You might see a better result overall if you follow my homes for sale search strategy. Whether you’re looking for a detached house, condo, townhouse, or rental property, a thorough plan for searching is a must.  Without it, you’re not cheating yourself out of the very houses you’re hoping to get.

There’s 3 sources of non mls listed homes in Los Angeles — Craigslist, ForSaleByOwner, and Zillow.

Homes.com Home Search Tool:

Search Homes for Sale

Houses for Sale in Boston | Houses for Sale San Diego County | Houses for Sale San Francisco | Bay Area Houses for Sale | Denver Houses for Sale | Homes for Sale in PhoenixSeattle Housing Market 2018 | SuperBowl Predictions |  | Homes for Sale Vancouver | Homes for Sale Toronto | Long Beach Houses for Sale | Orange County Houses for Sale | Houses for Sale Los Angeles County | Los Angeles Housing Market | Homes for Sale | Housing Forecast | Real Estate Investment | Best House Renovations

Housing Bubble 2018 – Will the Housing Market Crash in 2018?

Housing Bubble 2018? Will the Real Estate Market Crash This Year?

Home buyers, mortgage holders, and investors are asking more lately, “Will the housing market crash in 2018/2019?”  The US Housing Market is strong, so if this is a housing bubble, it’s a big one.

Remember the worst financial mismanagement and calamity of our era?  Subprime mortgages. 7.8 million foreclosures occurred during the 2008 housing crash and the country sunk into a severe recession.

Are we in a residential housing bubble?  While the Trump administration has brought unprecedented growth in the US job market, a preoccupation with ideological issues such as immigration and nuclear war along with cancelled trade deals point to a recession.

Take another look at the US housing market factors and fundamentals.

With job and wage growth now rising, the situation might be more one of inflation, rising interest rates, and strong housing starts. That suggests a recesson won’t be for a few years. If the jobs and industry repatriation continues, then growth could continue for many years. Industry can’t be repatriated to the US in a short time. It took China decades to gain its monopoly on manufacturing.

What is a ‘Housing Bubble’

According to investopia, A housing bubble is a run-up in housing prices fueled by demand, speculation and exuberance. Housing bubbles grow with an increase in housing demand, pressured by limited supply. Then speculators enter the market to capitalize on capital gains and rental income property opportunities.

Supposedly, lessons were learned with controls on lending practices. Yet, could housing plunge for different reasons this time? Is a bubble a certain sign of a housing market crash? Experts think so.

12 Reasons for a Housing Crash

  1. excessively high home prices from a price bubble
  2. sudden underwater mortgages
  3. rising interest mortgage rates
  4. slowing economy and sudden rises in unemployment
  5. wage growth not keeping up with home prices
  6. geo-political shifts
  7. trade deals
  8. a stock market bubble and volatility
  9. level of consumer debt
  10. cost of living rises
  11. risky low rate mortgages for new home buyers
  12. high oil and energy prices




Homeowners are wise to be wary. The last crash cost many their homes and savings. Billions wiped out. There were plenty of expert predictions about a crash in 2016 and 2017, but that didn’t happen. That’s because the US  economy is too strong and frankly, it doesn’t look to be letting up for many years.

Money manager James Stack, 66, ($1.3 billion fund) predicted the last housing crash in 2005, just before prices peaked says his “Housing Bubble Bellwether Barometer” of homebuilder and mortgage company stocks is warning of another crash.

Stack’s emphasis on financial companies is interesting. He must feel that it’s this over-leveraged group, the ones we forgot about, that could be the weak link. If the Fed goes crazy with rises, it makes sense that homeowners would begin defaulting on their mortgages leading to finance company failures again.

The recent tax changes are powering up the economy fast but they’re cooling demand which could keep it from peaking further. But prices have raged forming one half of the bubble.




If we avoid a national housing crash, could individual markets in New York, Boston, San Francisco, San DiegoLos Angeles, Seattle, Miami or Houston crash?

Should you sell your house in 2018? or should you buy a house in 2018?

The problem comes when the bubble bursts and losses of 30%, 40% or more pile up quickly. Investors tell themselves they’ll be smart enough to get out in time, but that’s not true.” from a post on Bubble Dynamics by Jim Rickards.

With all the political strife in the US, there’s those who might think a housing market collapse is inevitable and could launch a stock market crash.  Maybe a few will take pleasure from it. Wars, government incompetence, political interference, weak banking system, and a weakening economy brought everything down in 2008.

price crash



Some experts warn the conditions also exist for a crash in 2018/2019. Is this just anti-Trump lobby fear mongering or is there a factual basis for a housing crash?  They point to heated up markets like Washington DC, Dallas, New York, Seattle and Denver and talk about bubbles.

They point to Presidential impeachment, trashed trade deals, global economic slides, and high consumer debt as sure signs the housing market bubble will burst.




But hold on, the stock markets are still strong with plenty of demand for housing. Houston, Miami, Los Angeles, Seattle, Denver, New York, and Boston are still showing strength during traditional weak seasons.

So is there really a US housing bubble and a tumble as early as 2018? Or will the year of the natural disaster be followed by a unusual good year for housing?

International economies play a big role now so perhaps domestic issues might not be enough to set off a housing landslide. But let’s take a closer look at all the fundamentals below.



The Last Housing Crash

Can history be a reliable guide to the 2018 to 2020 period? Looking back at the last housing crash 10 years ago, experts blamed it on everything from easy low mortgage rates to greed, house fippers, unregulated banks and lenders, mortgage underwriters and sub prime loans.

And when mortgage holders believe they will owe endlessly on a worthless high priced property, they’ll begin defaulting on their mortgages. If mortgage rates jump and they aren’t locked in at a low rate, that’s a factor.

If trade wars do begin, it could kill jobs, wage levels, and investment, resulting in a slide. The economy is the number one factor. And if foreign buyers want to sell because of currency worries, prices would fall.

It’s these worries that keep property investors up at night and a lot of people from buying.



Boston, Seattle, Denver, Atlanta, Portland, San Francisco Bay Area, Los Angeles and New York are cited as having the most likely conditions for a housing crash.

Those housing experts point to a number of things that exist now and could transpire in 2018 or 2019. So if the housing market was to burst, would that affect how much you should pay for a house?  If you’re a seller, should you sell your house now?

If you’d like to put up your house for sale as the market is peaking, you might want to read these homeselling tips.

The US Economic Bubble

The US housing market has ridden the longest economic rally in US history. Is this an economic bubble too?

There is an economic bubble. We’re in it. It’s a period of intense optimism with lots of disposable income to throw at home purchases. And places like California is where the tech industry has done so well, bidding has been most intense. Yet, it’s not completely out of control (although anyone in the Bay Area would argue) as the points below suggest.

Zillow Survey on US RecessionGraphic courtesy of Zillow.com

 

What happens if China calls in that debt? Interest rates would rise, layoffs would grow, mortgages would begin to default, and prices would plummet faster than they went up.





Lowest Mortgage Rates
Lowest Mortgage Rates USA

 

 

Is there Excessive Risk Taking in the Housing and Investment Market?

Experts say excessive risk isn’t present in the markets. They suggest few are overleveraged, financially stressed, and not threatened by increased interest rates.

Is Demand for Housing in the US exhausted?

It appears demand for housing is still strong and considerable building is taking place. However not enough housing is being built to satisfy current demand.



Is Debt a Problem?

US credit card debt is the highest in history and the US national debt is $20 Trillion. The US annual trade deficit is also in the trillions. The average US home buyers puts 5% down on a home whereas in the past it was 20%. There’s not a lot of new mortgage debt:

In 2016, new first lien mortgages topped $2 trillion for the first time since the end of the housing crisis, but mortgage originations were still 25 percent lower than their pre-recession average — from Magnify Money.

Average debt to income ratio is rising yet is way below what it was before the last housing bubble.

However, Equity is High

Homeownership is at its lowest level ever in the last 30 years. Most Americans make low wages and can’t afford to buy. And those who do own, have a lot of home equity.




Unofficial Conclusion: No Housing Bubble for the Foreseeable Future

It doesn’t look like the statistics support a housing bubble or a burst. The markets appear to be stable and those who are at risk of an economic downturn are renting and don’t hold mortgages.

We can say for sure that it is a good time for wealthy Americans and large multinational corporations. Record profits that they don’t appear to be willing to share with American workers. Without excessive demand from the working class, a housing bubble would have to happen from investors taking flight.

Perhaps the best way to prevent a housing bubble from happening and an economic catastrophy is to not allow half of Americans to participate in the housing markets. This is why the property rental market is piping hot.  There may not be an end to demand for rentals.

Have a good look at the student housing investment opportunities. It seems students are starved for accommodation and new REITs are serving the market.



US Housing Market | Stock Market CrashBlockchain and Real EstateStudent Housing in Canada | Vancouver Condo Prices |  Canadian Economic Forecast | Student Housing Shortage |  Student Housing Vancouver | Calgary Housing Market Forecast 2018 | Investing in Student Housing | Student Housing Off Campus | Are Student Housing REITS a Good Investment? | Housing Market Vancouver | Vancouver Condos | Seattle Real EstateBest Real Estate Investment | Los Angeles Real Estate MarketToronto Condo Forecast 2018 | San Diego Real Estate Market | Toronto Housing Market | Blockchain and Real EstateWhen is the Best Time to Buy a House?

Forecasting Toronto House Prices for 2018 | IBM’s Watson’s Forecast

Artificial Intelligence in the Real Estate Market

Are you all abuzz about what artificial intelligence will tell us about the real estate market in 2018? Can AI predict a housing crash or what will future housing prices be in Toronto?

Will house prices in Toronto fall? How about condos? We could read the forecasts of any number of Canadian experts to get a good idea. Most seem to be suggesting that home prices will level off for the entire year of 2018.

Can forecasters predict government policy changes, trade conflicts, OPEC price jumps, and other factors that might play on house prices? Probably not. So why would artificial intelligence software systems be any better at it?

Turns out TREB has a huge volume of data that could be fed into an artificial intelligence system and reveal some very interesting patterns and housing market predictions. (and wait till Blockchain technology leverages housing data)

A Lot of Experts and Scientists Believe in AI

Just recently Better Dwellings fed Toronto housing market data into IBM’s artificial intelligence product called Watson. After processing that data and looking for factors that most accurately foretold of price changes, Watson apparently concluded that only a few factors only showed relevance.

1.   total listings / DOM

2.  DOM / new listings

3.  DOM / sales

According to IBM’s Watson, each of thse 3 scored a 94% relevance in affecting or predicting average price changes.
So days on market is the factor not many would not have guessed.  Have you ever heard housing experts speak of days on market?

It seems to point back to housing supply as the main factor in price increases.

So with more homes coming on the market, prices will probably fall in the Toronto housing market in 2018.
Of course, we don’t know the exact mathematics of it, but the AI system would likely know the price change if 10% more houses were introduced, and if the DOM fell by 10%. It’s likely that if all 3 factors had the same 94% relevance, that they might actually be measuring the same numbers.

In any case, prices show a consistent yearly rise, so even when we factor out last spring’s madness, it still suggests a price rise. So who do we believe, the experts or the AI system?

Is the market that liquid that if listings across the GTA rise 10% such that a guaranteed corresponding sales decrease would happen as well?

A bigger factor in forecasting housing prices would be the Toronto economy and the Canadian economic forecast. A rosy one might cause price increases. And the fed’s mortgage and lending policies, along with the age of home buyers might chime in too.  But those factors could be fed into an AI software system to create some new revised estimates.  Check out a more human forecast of Toronto’s housing market and the US housing market.

Artificial Intelligence is Already Influencing our Lives

From finding a cure for cancer to taking over complete management of marketing campaigns, artificial intelligence seems to pack a lot of value. Learn more about Marketing AI software if you’re one of those companies beginning to revamp your human resource deployment.

I’m excited about AI marketing solutions. In my conversations with software companies, I’m discovering how much power it gives a creative, innovative marketer. I feel like I can lift a company’s campaign performance by 300% to 400%. Some companies are.

Combine AI’s testing capabilities and you have a marketing coach telling you which content strategy works and what specifically causes better performance.

Latest Top Blog Posts: Canadian Economy Forecast | Best Real Estate Investment | Home Price Forecast | Toronto Housing Market Forecast | Los Angeles Housing Market | Seattle Real Estate Forecast 2018 | Boston Real Estate | Miami Real Estate | Texas Real EstateNew Homes for Sale in Newmarket | New Homes for Sale in Aurora | Aurora Luxury Homes | Mississauga Real Estate Report | Toronto Auto Insurance | Vancouver Auto Insurance |  US Housing Crash 2017 | When is the Best Time to Buy a House? | When should I Sell My House? | RETS IDX  | Will Toronto Home Prices Fall? | Best House Renovations | Calgary Housing Forecast| Stock Market Picks 2018 | Super Bowl Picks

Vancouver Condo Market Still Booming – Condominium Prices Rise – Burnaby Richmond Surrey

Vancouver Condo Market Still Booming

Last September’s market report for the greater Vancouver region confirmed that the Vancouver real estate market is still smoking hot. Residents and condo investors are hunting for bargain properties as are students studying at UBC, Langara College and SFU. Demand is high.

The new sales and price numbers below from Royal Lepage, CREA, and REBGV may depress you a bit if your ambition is to own a new or resale condo in the city or even to rent one.

Money Has Moved to the Condo Market

Sales of detached million dollar homes have abated, yet it’s just a switch to a focus in condomiums in Vancouver. This switch has also happened in the Toronto condo market. The challenge for condo buyers is finding on at any price level they can afford. I’m sure you’re finding the rental housing and condo buying situation very difficult and you may find Surrey, Richmond, and Langley your best bets.

Prices of condos have jumped as much as 35% in some areas, and overall prices of apartment condos in Vancouver have jumped an incredible 21.7% from last September. In September CREA reported condo apartment sales growth of 19% in greater Vancouver above that of September 2016. Will that continue in 2018?




Housing Crash in Vancouver? Not Likely

There’s been a lot of talk about housing market crashes in 2018, but wishful thinking might what’s behind it.  At this point (October 2017) experts forecasted that housing markets across North America would be in a crash or deep decline, but it hasn’t happened. It probably own’t here or in US housing markets.  Demand is high and the economy may get stronger.

Condo Sales September 2017 in Vancouver

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 2,821 in September 2017, a 25.2% increase from the 2,253 sales recorded in September 2016, and a 7.3% decrease compared to August 2017 when 3,043 homes were sold — from CREA October report.

There were a total of 1491 apartment condos sold in September with an average HPI benchmark price of $635,800. the price growth over the last year is astonishing with North Vancouver and New Westminster leading.




Vancouver Community Price Growth Over Last 12 months Average Price September 2017
Listings in September 2017
Greater Vancouver 16% $751,861 823
North Vancouver 25.2% $614,173 175
Burnaby 24.6% $561,558 262
Coquitlam 23.8% $482,300 78
Surrey 18.5% $304,779
Langley 17.8% $337,782
Victoria 28% $471,682
West Vancouver 2.2% $1,112,334 42
Richmond 15.6 $510,476 294
Kelowna 20.2 $399,783
New Westminster 26.5% $488,600 167

The numbers above suggest Richmond, Surrey and Burnaby are where you’ll find an affordable condo. Surrey and Langley may be the future. You’ll find a lot of student housing new construction projects in this area too close to the skytrain and the major schools. Unfortunately, you will be competing with the families of wealthy students for the units who are searching off campus.

Vancouver Condo Prices and Sales Stats Screenshot courtesy of the Real Estate Board of Greater Vancouver




How Do the Forecasts Look?

With the economy faring better, most forecasters may even upgrade their 2018 forecast for Toronto housing and the Toronto Condo market forecast, along with the Vancouver region forecast which are the only housing markets doing well.  The rest of the country is hanging on with spillover from the big cities.

When the foreign buyers tax was implemented in BC and Toronto, I suggested that instead, incentives should be provided to property investors and builders to build in areas outside of Vancouver and Toronto. Unrealistic? Long term, it benefits everyone.  These housing shortages are significant economic and personal issues. It could end in a crash.

Still the spillover has helped Kelowna, Calgary, London, Waterloo, and Ottawa.

Crisis for Condo Renters in Vancouver

The situation for many renters is definitely a crisis. There is an exaggerated need for rental properties and housing for students.  One estimate is there are more than 24,o00 families in need of housing in Vancouver and many of them may involve students studying in colleges in Richmond.

Recently 300 buyers showed up to apply for a few coop units up for sale.  If new builds decline because of a fear of rent controls and then Canadian interest rates rise, this could make the forecast gloomy.  Vancouver residents need to get more active and encourage local politicians to adopt a new attitude toward the crisis.

A new socialist driven research project called Cambie Corridor is being conducted to see if a restriction on development to force lower rents will work. In a few years, we’ll have data, but in the meantime, why would the condominium builders not just stop building in Vancouver?  Builders need incentives, where that is just a money losing proposition. They can’t create $850 apartments in Vancouver’s pricey atmosphere.

There’s a lot of belief in magic in some government quarters but the current crisis shows how badly mismanaged housing in Vancouver is.

The city awash in beautiful condo buildings however the units are out of reach of most buyers. One could ask who the builders are building for if few are able to finance them?  New government housing projects could create coop affordable units, but would they turn into another LA styled Watts neighbourhood, with crime and malaise?

Now we understand the wish for a Vancouver housing market crash.

Failing Governments in BC and Ontario Need Ideas

The previous BC government failed badly in using old school tactics to solve an International level challenge.  Rightfully, they were ousted, and now we’ll see if the NDP can actually deliver on their promise to lower income buyers and renters. Supply must be increased in Vancouver as the city just gets more popular.

And for most homebuyers in the Vancouver area, detached houses aren’t even a thought since the average price has hit  $1,617,300 which is up almost 3% since last year.  Condo hunters will have to be more persistent, patient and creative to land a condo to call home.

A solution that may support increasing availability is to open up land for development outside of Vancouver up the coast and out on Vancouver Island, or into the interior. With Federal and BC government incentives and tax support for this (take it from the foreign buyers levy — $billlions of dollar tax grab for what purpose?.   This could be used to draw businesses out into new outlying communities.

Many businesses don’t actually need to be in Vancouver. If they had an opportunity to move somewhere cheaper, they’d do it. They’d get away from the congestion too. People want to live near the jobs, thus moving  the jobs outward will take the pressure off and open up amazing new cities across BC.  Places like the Comox Valley and Sunshine Coast and Nanaimo would welcome the growth.



Student Housing Investment Canada | Vancouver Condo Market UpdateCanadian Economic Forecast | Student Housing Market |  Student Housing Vancouver | Investing in Student Housing | Student Housing Off Campus | Housing Market Vancouver | Vancouver Condos |  Calgary Housing Forecast  | REIT for Student Housing |Best Real Estate Investment | Doing Business in Vancouver | Toronto Condo Forecast 2018Auto Insurance Quote Vancouver | Blockchain and Real Estate |

Houses for Sale in Miami Florida | Fort Lauderdale Miami Beach Homes

Houses for Sale Miami

Looking for a home in the Miami , Boca Raton or elsewhere in Florida? Perfect, because the houses for sale widget from Zillow below will lead you to a selection of nearly 1000 detached properties.  Whether to live in or invest in, houses in the Miami area are in high demand.

From Coral Gable, to West Miami up to Boca Raton to Miami Shores, you’ll discover a wealth of extremely beautiful Florida homes, the kind everyone dreams about. Prices range from $239,000 to $8 million or more. It’s not quite correct to say you can’t find a home comparable in quality to Los Angeles, San Francisco, Phoenix or Denver. Search hard with a good home search system, and you might find a gem.

Realtor.com has an incredible 7,000 homes for sale on its site, about a quarter of all property listings. Zillow has about 1000 detached home listings. Currently, the average home listing price is just over $400,000.




Typical beautiful House For Sale in Miami

Spectacular Waterfront home in beautiful Miami Beach

Real Estate Investment Opportunities

Are you looking at houses for sale as a rental income opportunity? The ROI is tremendous in a number of cities including Miami. You may want to look north to Canada as well. The Toronto real estate market and Vancouver real estate market are ripe with income potential. The condo market in Toronto, Vancouver and Mississauga is very promising.  Take a look at pre-construction condominiums too.

Los Angeles, San Francisco and San Diego California are excellent rental markets, however the cost of the property might make you think twice.  See this video from a real estate investment advisor on properties with a high return potential.

Of course real estate investment is always speculative so ensure you have a professional advisor to weigh in on your choice.  Don’t limit yourself to your own location.  Most often, the best returns are in another city or perhaps another country.

 




Housing Market 2018 | Housing CrashHouses for Sale in Boston | Houses for Sale San Diego Ca | Houses for Sale San Francisco | Denver Houses for Sale | Homes for Sale in Phoenix | Find Detached Houses in New York | Blockchain and Real EstateHouses for Sale Los Angeles CountyHousing Forecast | Student Housing InvestmentBest Performing Real Estate Investments