I'll first begin by offering up some virtual hugs, a world of patience, and a whole lot of love to you, your friends, and your families during this time.

This, being our first day of spring, I invite you to join me in honouring all new beginnings and a world of new possibilities. I believe that our natural desire to create and be connected will lead us through this time.


My job is to keep you informed on what is happening right and what to expect from real estate prospective, even though I do not have a crystal- ball however, facts speak for themselves.



Worry, fear, and panic buying aren’t an antidote to the virus. Washing our hands, doing the fist-bump, and self-isolation are.

Talking about your clean hands


For how long, do our hands stay clean? Emerging from the washroom like a surgeon, our hands are only virus-free for a minute, roughly the time it takes to touch something others have touched, like the photocopier, elevator buttons, the dreaded door handle, keyboard, or phone. The list goes on. Gosh, what about the blotter on my desk? How many death-dealing viruses live on it? 


Considering  Selling? List properties right away


All these variables can affect demand. If I were a buyer, I would be cautious. Don't underestimate COVID-19's negative impacts on the economy, jobs and buyers' sentiment and avoid overstretching your budget — something that tends to happen when buying in a seller's market.

My advice to sellers who are looking to cash out or downsize is to list their properties right away. Momentum is on your side and there is limited inventory, so sellers of quality homes are getting top dollar. The demand is currently high, but I wouldn't be complacent and assume that it will last. If offered a reasonable price, I would take it.   

If you don't need to sell, I wouldn't and I'm not. I still think housing in B.C. is a great long-term investment.

Buyers beware

It was just a month ago when stock markets were at an all-time high, largely due to the fear of missing out, whereas today it's the opposite: many maybe panic selling. The same could happen, but to a lesser degree, with real estate, as buying psychology is fickle.


https://www.covid-19canada.com  


It's important to also keep in mind that, since all financial markets are interconnected, a stock market drop should affect the housing market. For example, many new buyers turn to the bank of mom and dad to help with their down payment. However, after experiencing a drop in their investment portfolio many parents will be less inclined, or no longer able, to help their children fund a down payment.  


Another important factor to consider is the potential loss of income that COVID-19 may cause. Some lenders might be hesitant to lend to applicants working in areas affected by the pandemic such as the travel or oil and gas industries.  Low supply and high demand have pushed up prices — particularly in the case of condos which are selling at all-time highs.  


To cushion the economic blow caused by COVID-19, central banks around the world have cut interest rates. Anyone with an existing variable mortgage, or someone looking to get one, can expect their borrowing costs to decrease. The Bank of Canada cut rates by a full percentage point since the beginning of March.  


We are also seeing investors flee the stock market and park their money in investment grade bonds. A result of this flight to safety is that fixed-term mortgage rates are dropping. Lower mortgage rates increase the amount a home buyer can borrow, which pushes up prices as borrowers are able to make higher offers. 


We also cannot forget about the mortgage stress test. On Feb. 18, the federal government announced that the hurdle rate of the stress test would be lowered effective April 6.  In anticipation of this change, many buyers re-entered the housing market, increasing demand on a real estate market with limited inventory.  However, as of last Friday, the Department of Finance announced that changes to the stress test have been put on hold.


What that mean for housing sale ratio and prices? No one knows yet however, every situation is different based on few variables so talk with your trusted real estate professional to make sense of the market for your personal situation. michael@michaeltudorie.com 

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The better question is Whom do you know to help you buying the dream home? 


Preparing to buy a second home is an aspiration for many of us. For some, it’s to live out the dream of owning an urban getaway, summer cottage, or a winter chalet. For others, it’s the chance of securing extra monthly income.

Depending on whether your second home will be occupied by yourself or others impacts your financial options and insurance needs. Make sure you’re set on your plan before you commit. Here is an interview I did to help you plan your second home purchase:


Ep. 145: Michael Tudorie Shares How to Build a Networking Group Selling the Dream: A Podcast for Resort & 2nd Home Real Estate Agent


They can have a huge impact on your business: being connected to like-minded people working in similar industries can bring in many qualified leads.


Networking groups don’t have to be hard: they can be as simple as assembling a group of various professionals from similar industries. You’ll want to invite people strategically: you want to work with like-minded people!


Who would you invite? Michael has invited various professionals, from commercial real estate agents, financial planners, business coaches, lawyers - they’re all able to come together and encourage each other to become better in their business.


Michael Tudorie is here this week on the Selling the Dream podcast to share how he has created his networking group, and how it’s impacted his business. He doesn’t get leads from sources like Zillow - most of his business is from referrals! By creating networking opportunities, he’s built a solid team of go-to professionals he can turn to when he needs anything, and he’s become their go-to guy!

Want to be inspired how you can create strategic connections? Don’t miss this week’s episode of the podcast!


Before we dive in: start your new year with an amazing network of the best second home agents. Make sure that you create your free profile on the Second Home Agents website? Go over and get started: it’s FREE to join. Click here to register, fill out your profile and get listed today.


Highlights of this episode: Tom introduces Michael Tudorie and his business.



Normally we talk to second home agents, and Michael is working a traditional market, but he is killing it at making connections, so we had to bring him on the show!



Michael got good in his business by becoming super niche-focused.



Focus on one area, and get to know it well! You’ll be able to tell your clients everything they want to know, instead of selling in an area you’re 45 minutes away from.



When you’re focused on a niche, your leads are going to be better.



Technology changes how you approach referrals: when you have places like Zillow to bring in leads, it can make you reliant on these resources!



Whenever you make a change, you’re going to see a hockey stick growth trajectory. Be ready to wait out the immediate dip!


Organization and strategy will go hand in hand when you change your focus and go hyper local.



Michael shares how he schedules and coordinates an event to connect with the community.


for more info or help with second home purchase either for investment of vacation contact me.




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In less than 20 days we’ll be into a new decade. No more teen years. On January 1st, the world, your world will kick into 2020. The beginning of the fabulous twenties. A decade of promise. Your chance to shine. The question is how have you been preparing for new decade ? OR Hope for lucky year or have you been living like a bamboo? What do you mean? That’s a good thing… keep on reading. Nothing happens by chance or luck (even though you need to be lucky  sometimes.)


In my real estate practice my role is to Guide-Lead-Protect client(s) interests who are ready to make a leap into new lifestyle weather it means downsizing, rightsizing, first time home buyer or investor.  Those clients are in different stages of their life some planted seeds 5 years or long time ago, some are in the process of growing their bamboo and others are planning for the future. Contact me for a consultation to guide you with your future real estate goals.


Here is the story of the bamboo and hope we all could learn from moral of the story.



A man got frustrated with life. Despite all the hard work and effort, failure was all that he learnt. Feeling defeated with life, he left everything and exiled himself in the woods. There he met Jon. The disappointed man shared his failure with the Jon; Give me one good reason not to quit?


Look, Jon said, pointing towards two plants. “Do you see that fern and bamboo there?

“Yes”, the man nodded.


When I planted the fern and the bamboo seeds, I took very good care of them. I gave them water, light and fertilizer. Within a short period of time the fern quickly grew from the earth”, Jon continued.


But despite the Bamboo seed being watered and nurtured for years, it did not outwardly grow as much as an inch. In fact, nothing at all happened in the first year. There was no sign of growth.  But, I did not give up on the Bamboo seed and continued to water and nurture it.  By the fifth year, a tiny sprout emerged from the earth. And within six months, the tree grew a hundred feet tall.


So, did the bamboo tree lie dormant for four years only to grow exponentially in the fifth?” Jon asked.  Baffled by the question the man kept quiet.  The answer is quite obvious. The little tree was growing underground, developing a root system strong enough to support its potential for outward growth in the fifth year and beyond. Had the tree not developed a strong foundation, it would not have sustained its life as it grew.

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The title is not to upset anyone but, we are all guilty of reading headlines. So, if this gets you to read past line two of this blog it achieved its goal.


This blog is about misleading information as we leave in the world of trust or not trust the media, Facebook whatever reports out there. I recently learnt about a website which supposed to let consumers know the sold data called 'Fisherly'


Fact Check: The Competition Bureau of Canada won the court case in Ontario two years ago which made it mandatory for real estate agents to publish sold prices on public websites. Few months later BC made this as a new policy however, it was kept under the rug until now.


When I first learnt about this new policy I contact my website provider myrealpage.com to see how I could display the sold prices on my website. Yes, there is a process but, such info is available online, see below. Every agent is not mandated to do this, it’s optional but, I feel there is nothing to hide and value I provide is beyond sold prices of a property.



Side bar: there is good reasons for keeping sold price not on full public view to keep personal info private. We all know the unsolicited mail that come to your home once you sold your home? How moving company know you sold ?


What I find it misleading or bending the truth is when people behind 'Fisherly' claim they provide a public service that is already offered thorugh this webiste but, consumers just do not know that sold data is readily available. Consumers have a lot of choice these days, more so in USA with technology companies like Zoocasa or most recently Amazon offering some sort of real estate  services. Real estate has a life on it’s own and there are enough people having say which makes things even more confusing for consumers who do not know what or whom to believe.


That is when a real estate professional becomes more valuable.


I am all for consumer having info but, the key is what does it mean to you and what do you do with it to help you move to the next step in your life weather is upsizing, downsizing or buy your first home? On this article I could go on about services agents provide but that’s another chapter. In closing, I hope consumers do not double guess on info found online and have right information to make an educated decision about biggest purchase/investment of their life.


Bonus: Here are the latest Market Stats for you to know the Micro market update.


When you are ready, let’s  have a coffee together, my phone never goes to voice mail.

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Let me tell you what Amazon is really after! The after sale purchases anything from furniture  ( Ikea watch out you maybe the next Blockbusters) to Amazon Alexa, TV’s and you name it.


Like many other industries real estate is 200 years old business. There are disruptors out there and everyone wants a piece of the action. Could you guess which other industries are 200+ years old? Email me michael@michaeltudorie.com and winner

gets a bottle of wine. 


Could you imagine a stranger showing up at your door to view your home sent by Amazon?


Real estate is personal and require personal service and guide by a professional. I do not know how you feel about this but, the reason I got into this business is because it’s a service and relationship business.


Would you trust the biggest transaction of your life to a computerized program or an app to sell your house and help you find a new home? Technology is great but, has it’s time and place. I learnt that in Japan there is a virtual tour whereby buyer does not have to be in a home to view a property. No one purchased a home as of yet without seeing it, touch and feel. Yes, people buy all kinds of things online but, no one has purchased a home without seeing it (maybe investors and uber rich). Amazon does not target these type of home buyers anyways.


The conclusion is look what is the end game of the service provider and who really has your best interest at heart without having buyer’s or seller’s remorse.  

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Please visit our Open House at 207 2137 10TH AVE W in Vancouver.
Open House on Saturday, September 21, 2019 2:30PM - 4:30PM
Welcome to the "I" low-rise concrete building located in prestigious Arbutus Walk in Kits. Fully renovated, entertainer's kitchen with custom island open to the principal dining/living area with plenty of cabinetry/pantry, new S/S appliances and Granite countertops. Well laid out 3 BDRMS w/spacious Master bedroom, walk in closet & ensuite. South facing with plenty of natural light year round. 2 SBS parking spaces + 1 storage locker. Kits = Vancouver's favourite playground; walking distance to French bakery, coffee shops, restaurants, parks, community centre, walk and bike score 100, should I go on? No rental restrictions & pets are welcome. Ideally located from future Arbutus & W. Broadway skytrain station. Checks all the boxes? Call your agent for a private viewing.
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I have sold a property at 407 2222 PRINCE EDWARD ST in Vancouver.
Top 8 reasons to call this your next home: 720 sqft private decks with panoramic views (most new apt are as big) Bring your green thumb to this open space. 2. Top Floor corner unit w/abundance of natural light in every room 3. Centroidal location 10 mins to downtown, easy stroll to the best Main str cultural crawl, boutique shops, restaurants, walking dist to new Emily Carr U and Up & coming IT district 4. Unique 220 sq ft solarium for a little solitude, yoga, Art room, study/office or 2nd bdr 5. Live with confidence in this well cared for building 6. Pets and rentals welcomed 7. Quiet and close community w/awesome people + Near Dude Chilling Park 8. Within 15 mins walk to 6 schools to chose from K-7 Need I say more? What are you waiting for ? Make your move.. view 3D Virtual tour first. Open House Sat - Sun 2-4
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What you do for a living? Most common asked question after ‘Where are you from’? you see,  I still have an accent after 30 years living in Canada.


The way I answer the first question is with a story. I make real estate dreams come reality in real estate consultant capacity. There is a young couple living in an apt renting and noticed houses prices where dropping. They got the advice from me to move farther from the city on a larger lot in 3 bedrooms detached home and mortgage are smaller than rent payments.  These are the stories which are NOT told in the media but, I am happy to be part of this young couple story.


This answer the perception item in the subject line which most people read these days in the world of info overflow. PLEASE take a minute and read to understand this article.


I do not have a tattoo nor I have issue with people who have tattoos. I think it’s kind of cool to have one but, this goes back to perception of what is acceptable by our society and perception of people with tattoes. I know few friends with tattoos and they are the most authentic people not fake ( we all know someone) who smile on your face and turn around and bash you.


The same applies to real estate professionals. The industry is built on preface that agent works for self- interest however, I could tell you that professional agents have in their heart to help client and not fee motivated. It is hard to change that general perception perhaps due to few bad apples in the industry but, I for one and other agents are in to help people realize their real estate family dreams and goals.  



How about people wearing ties? I am sure it started that way for many people. If you are who you are you do what you say that’s all it matters to build credibility with a client or a friend. Why does one feel the need to dress up everyday? Does it make someone more professional if wearing suit and tie OR change it who they are?  Who do you try to impress? It’s all about perception but in the end is the trust and relationship that counts.



I like to say what should be said. The more mature I get the happier I am of what I see in the mirrow daily. What you see is what you get with me; take it or leave it. I am not here to impress anyone nor I want relationship with people or clients who do not have anything in common and see no value in what I could do for them and their family in short and long term.


 With social media is the same thing; we are all there to impress someone else. Why? On social media people post the ‘front of the store’ but, how about ‘the back of the store’.


Therefore, need to be authentic in order to build a strong personal and business relationship. Do not judge anyone in any way or by  their tattoos or how I dress but, how they behave. I do not fake who I am and my guard is always down therefore, I am who I am, do not pretend of who I am because we only live once. If you like what you read then you are my type of client. The beauty of being  self- employed is that I choose whom I want to work with and hope this inspire you to pick up the phone and get together for a coffee.

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Please visit our Open House at 407 2222 PRINCE EDWARD ST in Vancouver.
Open House on Saturday, September 7, 2019 2:00PM - 4:00PM
Top 8 reasons to call this your next home: 720 sqft private decks with panoramic views (most new apt are as big) Bring your green thumb to this open space. 2. Top Floor corner unit w/abundance of natural light in every room 3. Centroidal location 10 mins to downtown, easy stroll to the best Main str cultural crawl, boutique shops, restaurants, walking dist to new Emily Carr U and Up & coming IT district 4. Unique 220 sq ft solarium for a little solitude, yoga, Art room, study/office or 2nd bdr 5. Live with confidence in this well cared for building 6. Pets and rentals welcomed 7. Quiet and close community w/awesome people + Near Dude Chilling Park 8. Within 15 mins walk to 6 schools to chose from K-7 Need I say more? What are you waiting for ? Make your move.. view 3D Virtual tour first. Open House Sat - Sun 2-4
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Please visit our Open House at 407 2222 PRINCE EDWARD ST in Vancouver.
Open House on Sunday, September 8, 2019 2:00PM - 4:00PM
Top 8 reasons to call this your next home: 720 sqft private decks with panoramic views (most new apt are as big) Bring your green thumb to this open space. 2. Top Floor corner unit w/abundance of natural light in every room 3. Centroidal location 10 mins to downtown, easy stroll to the best Main str cultural crawl, boutique shops, restaurants, walking dist to new Emily Carr U and Up & coming IT district 4. Unique 220 sq ft solarium for a little solitude, yoga, Art room, study/office or 2nd bdr 5. Live with confidence in this well cared for building 6. Pets and rentals welcomed 7. Quiet and close community w/awesome people + Near Dude Chilling Park 8. Within 15 mins walk to 6 schools to chose from K-7 Need I say more? What are you waiting for ? Make your move.. view 3D Virtual tour first.
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