As we are all aware the future of the world economy is uncertain , however if you look back to the 80's you will find the same trend with a new twist ( OIL). if you are in the oil business you understand that demand will not slow for long and that prices will go up ! if were at $150 it will happen again and much higher. This is the prime time to be looking at upgrading or possibly adding property to your investment portfolio real estate will only go higher. looking downtown its not to work the numbers on people vrs condos and realize that with the sudden stops of projects are going to cause the exact same effect that it had 2 years ago ( no product ). The office buildings are moving fast and will fill the downtown core enabling employees to seek for close affordable condos. The same is true for homes however do not purchase a home expecting the same rate of return that has happened 2 -3 years ago , expect normal growth rates of 6-10% and enjoy.
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- Topic: Real Estate Market Trends