RE/MAX Escarpment
Languages
Specialties
Buyers, Commercial Real Estate, Investments, Rentals, Sellers
Locations
Ancaster, Downtown Hamilton, Dundas, Flamborough, Glanbrook, Hamilton Mountain, Stoney Creek, West Burlington, East Hamilton, West Hamilton
Sep 12, 2022
The value of Canadian real estate has risen significantly in recent years and is likely to continue doing so. Long-term property value growth is unlikely. Investors who can't handle the real estate market's ups and downs or who must sell in a down market may lose money. Oxford experts predict a 24% home market correction within two years, despite Canada's "historic" housing bubble. However, pre-pandemic house prices are now 50% higher. Long-term, the housing market rises, like the stock market. Consult a real estate specialist to evaluate if now is a good time to buy a property or if you should wait till the market collapses. A real estate agent isn't an oracle, but they can tell you if local prices will rise or fall. Making your initial investment when the market is low will help you make a profit.