It is clear that people having specialized knowledge in an area can do well investing within that expertise, but to invest outside their area of expertise without the guidance of an expert in that area can be detrimental to their financial health.
Selection of a suitable property to invest in follows some fairly basic steps, though one ought not to take any of them lightly or without competence to properly judge the evidence.
As populations grow in areas across Canada, governments and private sectors attempt to meet the infrastructure needs of their residents by providing road improvements and an increase in mass transit options. With these transportation improvements comes much discussion around the environmental, economic and social impacts of these projects. The effects of these changes on real estate however, is often overlooked.
In this report, we are identifying cities, towns and regions that are poised to outperform other regions of the province over the next 3 – 5 years. Past, or even current, performance is not an indicator of how a region will perform in the future, that is why investors must focus solely on the economic fundamentals that will drive the real estate market in the future.
Overall, the Canadian real estate market is deemed a safe place for investors and is increasingly seen as a safe place for foreign investors to park capital in the tumultuous global market. Yet, there is really no national Canadian real estate market. The market in Canada needs to be analyzed on a regional basis due to differing economies in each province.
Merrill Lynch, and now Macleans, have recently come out with predictions of a national real estate calamity. Yet, Canadian real estate values stubbornly remain close to their all-time highs. Canadians know that the truth lies somewhere between these two points of view.