Attached below is a report from the Real Estate Board of Greater Vancouver which was reported on the CTV news the other night. The news report some interesting facts regarding a "downturn" in the market. What was not mentioned in the CTV news program was that prices still continue to rise. Funny how the news is trying to create "news".

The downturn in the US economy has some Metro Vancouver home owners and home buyers worried and asking, "Could it happen here?"

The US situation:

Right now in the US, a combination of a housing slowdown and a credit crisis are heightening recession fears and slowing the economy. As a result, the economic downturn is becoming one of the most severe in decades.
It all began in 2003 when ...

My new year's resolution was to write more in my blog……. so here goes. The big question is "What is happening in the real estate market, specifically in Vancouver ?"

My opinion is as follows:

I feel that we are going to continue on a strong market. We are certainly not going to be at the levels that we encountered over the past 6 - 8 years, but I feel that over the next ten years t ...