In Real estate there are always conflicting news headlines. One says good economic news another says bad.
As reported (blogged) before and here again I say LOOK AT THE FUNDEMNATALS. I read today "US economy posts robust Q2 3.3% gains"... (National Post) and right beside it "Canada's surplus rises to $6.8Billion" . Hardly recessionary wording. Yet yesterday I read "US prices rise, housing Slump Deepens" (Globe and Mail) and "US Home builder stay grim".
In a two day period these are the financial headlines. As home owners and real estate investors what are we to make of all this conflicting news? I say....nothing. That's right....nothing. We have wild sensational swings in news stories so which one is right?....I say...nothing. As an investor with lots of exposure to the real estate market shouldn't I be worried?....I say, nope.
Here is my point, and it's always been my point, what is the foundation of your neighborhood economy built on? On what does it sit? The fundamentals of the neighborhoods I invest in are like the granite that it is built on. Solid. And what, as real estate savvy entrepreneurs, do we do? We study in depth knowledge of the LOCAL economy...these headlines are incredible and they are also NATIONAL. They sound impressive and scary all at the same time. But real estate is local...not national. People buy homes locally, not nationally. People invest in real estate locally, not nationally.
So as our beautiful seasonal Canadian weather cools....so should you...just chill and look locally at the fundamentals and forget the national headlines.
Mark Vosylius
(705)-812-1033
Email: mark(at) manainvestments com
Mana Investments - www.manainvestments.com - Looking for a home in Barrie, Orillia, Collingwood, Midland areas? We specialize helping people grow their real estate knowledge and investment portfolio. We specialize in using RRSP for real estate investing as well as joint venture agreements and assignment real estate contracts in Ontario and Alberta
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