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Canada Real Estate Prices Expected To Fall To 2000 Levels | Add Comment

Buyers Strike 2/19/2009

although the market is in a downturn the Buyers have gone on strike. The endless media attention to the foreclosures and plight of the US market just exagerates the trouble. Mortgage default are in a few states and not universal but the effect is chilling the entire North American Market. http://www.youtube.com/watch?v=mJGr9EwgO6g This is a time for buyers to take advantage of the market and save tens of thousands on the prices versus just a few months ago and also save what they would have paid as rental expense. http://www.youtube.com/watch?v=_7RZV4aJv0A David Pylyp http://DavidPylyp.com

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The World Will Be Rainy Tomorrow 2/19/2009

Real Estate is regional, just like the weather. Will all real estate in Canada be down to 2000 levels this year and next? No. Some will be down more and others up a lot. How do I know this? The same way we all do. During tough times some businesses thrive while others die. Property values are the same. In areas that remain steady with employment, in-migration and infrastructure a demand for housing will continue. It may not be a double digit return, but that really isn't a historical norm for appreciation anyways. If you're looking to buy a home and your target area is soft, take advantage of the lower prices and low rates and buy. If you're investing; stick to an area of growth backed by economic fundamentals, invest for cash flow and a long term hold and you'll do fine. Thanks! Todd Millar www.glennsimoninc.com

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