CMHC continues to issue blanket statements about real estate

Markets are sensitive to news flows. Especially in times of uncertainty, any news from a credible source are going to have an impact. For the 2nd time in 2 weeks CMHC has come out with predictions of real estate price decreases. So I have a question – where? There are micro markets even in a small market like West Van!  Really unique properties like my listing at 3094 Procter would not normally come to market only 3 years after being bought. It’s an opportunity. 2538 Kings in Dundarave with 7 bedrooms and 7 bathrooms, is an opportunity. 501 1930 Bellevue is irreplaceable Waterfront at an asking price $450,000 below the most comparable sale in the same building in 2017. 501 2167 Bellevue is identical to 402 sold in the same building 3 years ago. 402 sold for $1430, we are asking $1088 for 501!Buyers looking for a home for the next few years should take note of these opportunities and remember, there is also a non financial value in real estate – you live in it, you enjoy it…Some people have almost doubled their money in the past 2 months investing in certain tech companies on the stock market. Many are cashing out and buying real estate. Tangible assets like real estate are in the long run better investments than paper assets… That is a fact. Forget the clerks at CMHC.   Even Genworth and Canada Guarantee are not listening…