Thursday, April 03, 2008

Real Estate In Canada Is The Same As Always

You may think that real estate prices are too high, and no one can afford a home any more, but that is what people thought 10 years ago, and will ten years from now.

Yes, these are troubled times, we also may be getting closer to the end of this particular cycle but long term we will be just fine.

To buy real estate in 2008 will feel as troublesome as it did in 1966 or 1975 or 1983 or 1988 or 1991 or 2001 when we had all these troubled events (stock crashes, crisis, troubles) the previous year. And aren't you happy you bought then?

For all the 38 years I have been in this business there are the same stories every year.

There are too many Realtors in the business.
No young couple can afford to buy anymore.
I wish I bought 5 years ago.
Every Year!


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