In taking a look at some of the comments on my blog as well as the Globe & Mail and Vancouver Sun, I can’t help but notice how many people focus on the current Vancouver home prices and where they are headed in the short term. People will question how a Realtor like me can continue to recommend people buy in today’s market when prices are at all time highs. What if we get a 20% correction and the home they just bought is down $200,000. These people think waiting for a big correction and buying is a much better strategy. In this video I will explain why time in the market will always beat timing the market and how the odds are stacked against you in pretty much every way by thinking you’re smarter than the market.

Remember.. if you want your money to work for you..then you have to accept the fact that prices will never go up in a straight line. There are going to be short term volatility and price drops. That’s why the purchase of your principal residence should always be held with a long term time horizon. If you buy a home today and it drops $100,000 2 years later, it doesn’t mean you have lost $100K. It’s only a paper loss and only if you’re forced to sell will it become realized. Smart people buy for the long term, it’s their principal residence. They need a roof over there head and are able to simply hold the property thus riding out those temporary & expected short term corrections.