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Blog by MJ Ankenman

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Real Estae Buyers and Investors Seminar

October 15th, 2006
This coming Saturday October 21st I will be participating in a Real Estate Seminar at The Roundhouse Community Centre. Admission is free but we ask that you bring a donation of a non perishable food item for The Greater Vancouver Food Bank. The Food Bank just announced this past week that their target Thanksgiving food drive is way down in donations, so I urge everyone attending to bring a do ...

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Market Strong

September 17th, 2006
The national average price of an existing home was just below $300,000 in August, and the housing market in some major Western cities remains tight with not enough supply coming on to meet demand. According to Canada Mortgage and Housing Corp., seasonally-adjusted new listings in August hit 47,117, remaining near the highest level reached in more than 15 years.Listings remain in short supply ...

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Canada vs US Part 3

September 8th, 2006

Well, here is another article regarding the whole strength of the Canadian market versus the downswing of the American market.

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US VS Canada Part 2

September 5th, 2006
After writing a couple of days ago about the differences in the US VS Canadian market and how Canada will not be affected by the US real estate market, this article about the US housing market and its potential impact on the Canadian market appeared in the Globe and Mail today. Many of the comments are also of interest. The big question will this effect our local Vancouver Real Estate Market ...

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US VS Canada

September 2nd, 2006

When talking about the Canadian housing market and its strength the American market is often used as a comparison and a benchmark. This article in the Toronto Star examines some of the differences in the markets and forecasts for the immediate future for housing starts, sales and interest rates.

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Chinese Connection

August 29th, 2006
A question I am constantly asked is are Real Estate prices going to continue to rise and why? This article yesterday in the Toronto Star by David Crane emphasises why the prospects for a prosperous economy in British Columbia and as a consequence a healthy real estate market in Vancouver are possible, despite the fact that values may not rise as high elsewhere. David Crane writes that the shi ...

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Guilty Pleasures

August 28th, 2006
I can't believe it. My years of feeeling guilty and thinking that I at some point I would have to quit the habit have come to an end. My day was made today when I picked up the paper and read that now according to the American Medical Association, research is showing that moderate coffee consumption is good for you! According to Health Canada moderate is 4 cups a day. Well, I've only had two, ...

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Ads on Lions Gate Bridge

August 22nd, 2006
The Squamish Nation is planning on erecting 13 large outdoor advertising signs on their land including ones to be viewed from the entrance to The Lions Gate Bridge. There are two upcoming information open houses about these signs. Wednesday August 23 4:00pm - 8:00 pm at the Canadian Memorial Centre for Peace, 1825 West 16th Ave, Vancouver and Thursday August 24 4:00pm - 8:00pm at the Squamish ...

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Holidays and Real Estate

July 31st, 2006
I have been away on holiday for the past few weeks, enjoying this beautiful province of ours. I have been in Tofino/Ucluelet and Salt Spring Island. Of course I couldn't visit these areas without visiting the local real estate offices. It seems that there is some big plans for Ucluelet, including a golf course development. Not sure how I feel about that kind of development in that beautiful w ...

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Demand For Housing

July 2nd, 2006
Here is a stat that confirms one of my reasons for why Real Estate values in Vancouver will continue to rise. StatsCan reported 10,853 people moved to BC during the first quarter of 2006. Last year 38,000 people moved to BC. This is putting stress on the demand for housing both for rentals and sales. Immigrants tend to rent a home before buying as they familiarize themselves with the local ma ...

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