A bubble of real estate speculation has burst, but it’s not the end of the world for many investors.
The stock market is up and the Canadian economy is expanding.
And even though housing prices have hit record highs, many are still waiting to see if this year’s boom can continue.
Investors are taking a hard look at the fundamentals and looking at how their investments have performed, says Rob Wilson, managing director at real estate advisory firm, The Wilson Group.
For one, the market is still relatively young, Wilson says.
It’s been a few years since the recession hit, so there hasn’t been a lot of new construction or demand for houses.
The bubble that was formed in 2011 and the housing bubble that started in 2012, he says, are still there.
It hasn’t really grown and it hasn’t completely disappeared.
What we’re seeing now is that it’s been fueled by the housing market and the financial markets.
It has not been a real estate market driven boom.
We think the housing boom is going to come to an end because we’re just not seeing any real estate investment, he adds.
For now, the realty bubble is largely a function of the stock market and how the economy is doing.
So investors are trying to make money by buying shares in companies that are doing well, and that will drive demand for real estate.
The bull market in Canada has created a great opportunity for realty investors.
As it was during the dotcom bubble, the value of the Canadian dollar has been higher, so more Canadians are buying and selling real estate assets, says Wilson.
The real estate industry is booming in Canada, and there’s more demand for properties, so you’re going to see more of this.
That’s also what investors are looking at in terms of investing in the mortgage market.
In Canada, real estate is going up, so people are looking for homes.
Wilson says he thinks real estate prices in Canada will continue to rise over the next few years, especially in the Greater Toronto Area.
The market is expected to grow to about $4,500, with an average price of $3,400.
The Vancouver market, meanwhile, is expected on average to grow by only about $800 per square foot, so that’s a drop of about 15 per cent, he predicts.
And while the stock and real estate markets are hot, investors are also looking at the future of their investments.
They’re looking to see whether the U.S. economy is getting better or worse.
The Dow Jones Industrial Average is up 2,000 points, or 3.5 per cent over the past two weeks, but the S&P 500 is down 0.3 per cent.
In fact, a lot is riding on what happens in the U to the economy and the UAW is predicting a stronger economy in 2018, as the economy improves.