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Investing In Canadian Real Estate “If Not Now,When?”
“If Not Now,When?”
When Robert F. Kennedy uttered these words he was (obviously) not referring to Income/Investment Properties. However when even the generally pessimistic media publish a cover story 
entitled “Real Estate:This Could Be The Buying Opportunity Of A Lifetime” one has to to sit up and take notice.
The April 27th 2009 issue of Canadian Business magazine also quotes on the cover:
” The prospects in Canada are fantastic….I think in the second half of this year we”ll see a very positive change.” & “The opportunity lies everywhere…Now’s the time to organize yourself and get in.”
The article does correctly point out that it is unlikely the Canadian Real Estate Market has it the bottom although nobody can predict when this will happen ( if it hasn’t already.) However historically house prices have always rebounded “and then some about a year or two after a decline.” Put very simply in today’s Buyers Market there is competitively priced inventory and money is cheap. 5 year fixed mortgages are available at under 4%.
Elsewhere I discuss how and why investment property can lead to financial freedom and what the shrewd investor looks for. Just remember the key is finding the right property in the right area at the right price. Barrie is on our doorstep, has a significant pool of renters and house prices where The Numbers Work!
[...] is an ideal time to buy real estate; historically low interest rates, a buyers market, inventory available and a [...]
[...] have found a number of potential buyers sitting on the fence waiting to see what happens. Understandable in these uncertain times. However I can only emphasise [...]