February 2012 Newsletter

February 2012

The Feds announced rates will stay low until 2014.  Some lenders have just increased their fixed rates, (yes the 2.99% is gone) but they are still at an all time low, and prime is still 3%.  We are approaching what is typically the busiest time of the year for real estate, and after our slow fall market, I predict this spring will be a busy one.  In 2011, the month of March saw the highest volume of sales in Downtown Vancouver, the Westside, and East Vancouver.  So if you are wondering when the best time is to sell, I would say now is the time.  I've had a busy couple of weeks with multiple offers, buyers securing a great investment unit in a cool new project, LIDO, complete with a roof top pool, heated outdoor Wi-Fi stations, & coffee in the lobby for the residents, and a great new listing with ocean views & 500 square feet of decks.  I hope you had a great weekend, and don't forget your loved ones tomorrow...it is Valentine's Day after all!