Real estate: Is this a buying opportunity?

May 2, 2009

 A news article collection by Richmond BC Real

Canadian Business Online by Andy Holloway, dated April 27, 2009.

Prices are low. Money is cheap. But real estate investors still need to be mindful of where they are putting their money in this climate of uncertainty as we wait for the housing market to rebound.

Trust a real estate agent to put a positive spin on an otherwise incredible string of bad news about Canada’s housing industry since last June. That’s when the first year-over-year dip in average home prices in nine years appeared. It was a tiny dip, at 0.4%, but it signalled that the real estate boom was officially over after a decade. By January 2009, prices were reportedly down 14.2% compared with a year earlier.

Read the full article here…


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