It’s no secret that the entire landscape of the real estate market has changed in the last year. Over 50,000 people left Toronto alone in 2020. 

So what does that mean for you?

Well, depending on your mindset, it either means a time doom and gloom, or a time of prosperity you may never experience again in your lifetime. 

One of my mentors taught me that real estate is a long play. 

There will always be fluctuations in the value of properties. There’s always going to be a push and pull between a “buyer’s market” and a “seller’s market”. But over time, the long term trend of real estate value has always gone up.

So how does one take advantage of tough times?

By being educated.

Whatever you’re hearing on TV or the radio, is just information being relayed after it’s already happened. Don’t get caught up in it. Learn first what your goals are. From there you can start to identify the opportunities that align with those goals. Never buy just to buy. 

Today on the “Investment Property Income” podcast, we’re talking about some of the advantages and disadvantages to owning condos and houses. We discuss some of the strategies around financing each, and which is a better option for you. 

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