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Could A Real Estate Slowdown Actually Help Investors?

Posted by Yoofi Gerard Hagan on Friday, November 30th, 2012 at 6:55pm.

While we’re becoming accustomed to the stories about slower home sales and declining property prices, it doesn’t all have to mean bad news. If you are an investor thinking about getting into the property game, these very things that are making some people nervous could actually give you a leg up on your venture. There are ways that the downturn can really work for you.
 
Property is Less Expensive

Property prices across Canada are dropping. If you have your own capital or a way to finance your purchase, this may be the time to act. First-time homebuyers may be put off by the downturn, particularly if they must use conventional financing. But, look beyond the media hype and you might find a silver lining, favoring investors.
 
Rental Market is Stronger

Some potential home-buyers are choosing until the market stops dropping and instead are staying in the rental market. That’s good for you if you are buying rental property. Currently there is an avid interest in this part of the real estate market, with some vacant units getting 20 or more inquiries. The real estate market as a whole may be cooling, but the rental market is definitely heating up.
 
Buyers are In the Driver’s Seat

Certain parts of the country, particularly Vancouver, Montreal and Toronto, are fast becoming a buyer’s market. Even properties that are experiencing bidding wars often go for below the original asking price. Sellers, particularly those who have had their listings up for a while, are just accepting lower offers. That means great deals for investors.
 
Low Interest Rates

Canada’s interest rates are still at historic lows. There are also fewer buyers seeking financing, so the lending agencies and banks are hungry for business. Investors in the know believe that the time to buy is now.

2 Responses to "Could A Real Estate Slowdown Actually Help Investors?"

Real Estate VA wrote:
Indeed! As a buyer this is the best time to go for killing. Those who have cash reserves must not make the most of this downturn. Though economic slowdowns are gloomy times, dark clouds but also present before us a wonderful opportunity to create our own silver lining.

Posted on Tuesday, December 11th, 2012 at 7:36pm.

Edmonton Real Estate wrote:
Very good insight on the condition of real estate in Canada. As property prices are dropping then it is the best time to invest on property, in my opinion. After few months when country achieve economic stability then you can make very good money in return by selling that property .

Posted on Friday, December 28th, 2012 at 1:23am.



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