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Ian Watt Personal Real Estate Corporation - Sotheby's International Realty Canada

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Ian Watt was Wrong, June was Huge for Vancouver Condo Sales

Vancouver Condo Real Estate Video Blog #354 - July 3, 2009

Ian Watt was Wrong, June was Huge for Vancouver Condo Sales

Ian Watt video blogs about his prediction in May that the month of May would be the biggest month of 2009 as far as real estate transactions are concerned but Ian Watt was wrong, June was even bigger.If you want to oice your opinion or if you don't care for Ian's comments please email your feedback to ianwatt@ianwatt.ca and visit http://www.ianwatt.ca/RealEstateVideos for all the Ian Watt Real Estate Video Blogs.

 

Ian Watt: Ian Watt: Hi Good afternoon, It's Ian Watt in Downtown Vancouver. I stand corrected I said May was the biggest month as far as real estate transactions are concernedin 2009. I stand corrected I am wrong, it's actually June was a huge month as well. Now it's definitely fuelled by first time buyers, investors all people that just thought they waited out. The prices are corrected, the mortgage rate have dropped. So we saw a huge rush now the question are the prices is gonna go up? or are the mortgage rates gonna go up and cool it off? What's gonna happen? This will be very interesting. Typically May is our biggest month but June is been huge. And I think that were gonna carry on steady, I think it's gonna cool off. But I think May and June were better months this year then it's gonna cool off and continue on in a steady phase. I think the mortgage rates will gonna change too much and have a big effect the price might be escalate at tiny little bit. Which might cool down first time market buyer a litttle bit. My name is Ian Watt. You can always email me at ianwatt@ianwatt.ca . Thank you very much and have a great day!