If you are interested in luxury real estate in Vancouver, you might be poised at exactly the right time to strike.
Vancouver is quickly becoming a buyers' market, and not just a buyers' market for the rich, a haven for the super rich.
The government recently clamped down on borrowing policies, effectively changing the maximum mortgage time from 30 years to 25 years. This has shown to not only affect entry level buyers, but also luxury real estate in Vancouver. And your competition, who may have been relying on a 30-year mortgage to make the payments work, is shying out of the bid.
Sales have flatlined. This means it is only a matter of time before prices start to drop on luxury real estate in Vancouver. If you catch the wave just right, you will be able to afford yourself a $10 million+ home at incredible value.
September saw the market slump once again. Nothing, not even luxury real estate is moving. It is only a matter of time before the 20% correction that analysts are predicting to come about. If you are ready, it could be the opportunity of a lifetime.
If Manhattan is any indication, luxury real estate will hit unprecedented heights as billionaires clamour for high-end multi-roomed penthouses near the park. Recently a penthouse sold for a record-breaking $100 million. Another seller had his penthouse on the market for $100 million after buying it for $4.5 million just fifteen years ago.
That could be you. The real money to be made is in luxury real estate in Vancouver. To find out more - ask me.
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