Real Estate News

Real Estate News · 10. March 2018
BCREA released its Housing Forecast Update last week and they are continuing to forecast a slower pace in the housing market. . In it they note some competing factors and are forecasting a 10.8% drop in units sold for the Vancouver Island Real Estate Board area (Malahat northward). Prices are forecasted to increase 7.6% percent for 2018, which is more reasonable than the 2.4% forecasted in November. The major factors include: Strong economy: "The BC experienced four consecutive years of 3 per...
Real Estate News · 20. February 2018
In a news release (highlights added) with this title the BC Real Estate Association (BCREA) reported that home sales in January were 10% lower than December on a seasonally adjusted basis. If you conclude, as I did, that this headline is suggesting the markets have slowed, that is not the case. The real story here is that December was a very strong month as buyers rushed in to beat the new mortgage stress test that took effect January 1, 2018. The release notes that January sales were up 18.3%...
Real Estate News · 29. November 2017
BCREA’s 4th Quarter 2017 Housing Forecast is entitled Strong Economy Versus Housing Headwinds. They are forecasting that due to rising interest rates and the new mortgage stress test for mortgages with 20% or more down payment a return to pretty much balanced markets in 2018. This is augmented by an increase in new home construction and a pulling back of the economy from 3.8% increase in GDP projected this year to 2.8% for 2018. For the VIREB area (Malahat north) the forecast for single...
Real Estate News · 17. October 2017
October 17, 2017 the federal government announced a new stress test for home buyers seeking an uninsured mortgage with 20% or more down payment.

     About Gerry

Information and Interpretation
Selling or buying real estate is a major financial endeavour with many factors to consider. While you have a wealth of information available to you on the internet, interpreting that information is another matter.

This is where I come in. Not only do I research and provide you the information you need, I take it to the next level and analyze and interpret that  information for you. I will tell you what I think, what we do is up to you.

As a client, your Realtor works for you, and this is a principle I hold dear.  I see my job as providing you with information, interpretation, services and guidance, not to push you on a course of action.

Unparalleled Service
I have a simple code, I don't sell, I service. I assume my clients are perfectly able to make their own decision once they have the information they need. I spend my time providing information, guiding people through the process, and making sure all the bases are covered, not in high pressure sales.

Over the years I have received very complementary feedback from clients. See Client Feedback.

Integrity, simply defined, is being honest and fair. This is further enhanced by one of a Realtor's prime duties, which is not to put anyone's interest above their clients, including their own.  This a duty I take very seriously. My personal outlook after over 30 years in business, is that whenever I experience high pressure sales I start to question the integrity of the person selling me.  Are they looking after my best interest or theirs?

Gerry Chwelos, REALTOR®


Tel: 250-8975465

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