Toronto's real estate

Canadian Real Estate Investing Discussion
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Joined: Thu May 29, 2008 8:46 pm

Re: Toronto's real estate

Postby spencer » Tue Dec 02, 2008 3:33 pm

proplanner wrote:If you compare it with other channels of investments like stocks or funds, real estate won't fluctuate like they do.

Of course it will fluctuate. For example the Toronto real estate prices in October 2008, were 13% lower compared to October 2007 and this is just the beginning.

Posts: 12
Joined: Tue Aug 26, 2008 12:40 pm
Location: USA

Re: Toronto's real estate

Postby proplanner » Mon Jan 05, 2009 7:02 am

The real estate prices are coming down everywhere and this is true for Toronto as well. So when you are buying property you need to consider the purpose. That is, are you buying to stay there or is it just for investment purposes.

If it is an investment, probably you should look at other areas and not real estate because why spend more today when you can get it for less tomorrow (experts are saying that real estate prices would fall even more).

It is probably best that you seek some professional advice before you make that investment decision. You know these guys are experts and it is their job to offer expert advise. You need to think twice before investing your money in these troubled times. But then there are opportunities to prosper as well.

If you need a financial planner or advisor you can find one here - I tried the planners they have here and they sure looked experienced and qualified.

Thanks & Regards.

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