Interested in Real estate Investing....start with the CMHC Housing reports
The first quarter ( Q1) for 2011 Housing Report from CMHC is out. If you want to learn everything there is to know on real estate and home buying and selling, start with the free CMHC publications. It goes without saying then that those of us billing our selves as "real estate experts" and real estate investors should make these reports a regular staple on our reading lists. My view on the CMHC Housing Now Reports is that they should be considered as the BIBLE for those of us involved in Real Estate Investing. ( or anyone interested in real estate for that matter).
Here is why......it discusses the facts...not some ones opinion ( like mine !). Things like rental rates, vacancies in Barrie, Orillia, Innisfil and surrounding Central Ontario. Average home sales new and resales, Construction starts and most importantly the accompanying absorption rates. For example; for those considering a real estate land development project, reviewing the construction starts and absorption rates is vital. It simply tells us the amount of new homes (apartments, condos, or towns) built ( in and around Barrie, Orillia, Innisfil) and the amount that actually sold. This number is also an indicator for a barometer on the health of the economy. Simply put, if the absorption rate is high, then homes are being built and SOLD. Its one thing to build something, its another to actually sell it.
There are no real secrets to real estate investing as some people like to espouse. It's a simple matter of educating one self on the facts. Real estate is about a specific location ( micro economics) and what is fundamentally happening there. Learn those fundamental facts on the micro economy and the CMHC Housing Now reports are the best place to start.
You can learn more about micro economics and real estate investing by visiting Mana Investments. You can even Download a copy of the CMHC Housing Report for Barrie Orillia, Innisfil and area. If you have any questions or would like to discuss selling ( or buying) investment property please call Mark direct 416-779-2897
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