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Soft Landing or Bubble Bursting


Toronto and Vancouver housing markets are on the blame again because once again these 2 cities push up the national home sales numbers.  Why is it surprising since these 2 cities are the major cities in Canada?  There is no different from NYC in US, Sydney in Australia, Beijing and Shanghai in China, etc..Isn’t it natural that major cities in any countries usually have the most expensive housing value?  Why do we need to talk about bubble bursting all the time?  The fact is Vancouver has been over priced for almost 3 decades.  I honestly don’t see there is anything can be done.  China, Hong Kong and Australia all introduced policies to cool down the housing markets but they still remain unreachable for their local people..Real estate plays an important role in any country’s GDP, I can only see policy makers try to introduce different policy to cool down the market but they will never want to do anything to damage the housing market.
 
People says it’s good news for homeowner but bad news for home buyers.  Well, why don’t you try to join the homeowner group by entering the market with baby steps instead of owning your dream home right at the very first time.  I believe there is a will, there is a way with some good planning and discipline money management plan.

Please click the title to read the full news: Vancouver and Toronto push up national home sales numbers

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Tina Mak P.R.E.C (est.1992)
全美亞裔房产協会, 温哥华創会主席
President of Asian Real Estate Association of America, Vancouver Chapter
Public Speaker in US & Canada
International President’s Circle Award
Coldwell Banker Canadian Ambassador Award 2011
Gold Master Medallion Award in Vancouver Real Estate Board
Co-host at AM1320 Radio Investment Show since 2007

5489 Kingsway, Burnaby
BC V5H 2G1
Tel:604-412-5860
Skype: tina-mak
www.TinaMak.com (English)
Email: tinamak@tinamak.com

“Knowledge Empowering Investment Decision”

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Categories: Uncategorized
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