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Wow, we’ve certainly had a lot happen in the last week or so!
Of course, the federal election was the major news topic, but there was so much more that didn’t make the headlines. So called “disruptor banks” are starting to make their mark on the Canadian lending scene. New tax proposals, lower interest rates, the Bank of Canada clawing back its bond buying, the price of lumber dropping, and the lack of housing supply has a lot of folk's heads spinning.
But what does it all mean?
In short, think long.
No matter what’s happening in the market, if you're thinking long term, the ups and downs of the market, the supply and the demand, doesn’t really affect you.
Here’s why…
The long term trend in real estate, since the dawn of time (or at least since folks began tracking the numbers), has always been up. If your time horizon is long enough, you’ll experience a gain in equity, higher rents, and mortgage pay down, regardless of what's happening short term.
That’s why real estate has always been such a great investment, and created so many millionaires. No matter what, it’s still backed by a physical asset (real property).
Today on the “Investment Property Income” podcast, we take a look at everything that’s going on in the market, and offer some strategies to make sure your investments are secure.... long term.
www.guidetothegrind.com
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Wow, we’ve certainly had a lot happen in the last week or so!
Of course, the federal election was the major news topic, but there was so much more that didn’t make the headlines. So called “disruptor banks” are starting to make their mark on the Canadian lending scene. New tax proposals, lower interest rates, the Bank of Canada clawing back its bond buying, the price of lumber dropping, and the lack of housing supply has a lot of folk's heads spinning.
But what does it all mean?
In short, think long.
No matter what’s happening in the market, if you're thinking long term, the ups and downs of the market, the supply and the demand, doesn’t really affect you.
Here’s why…
The long term trend in real estate, since the dawn of time (or at least since folks began tracking the numbers), has always been up. If your time horizon is long enough, you’ll experience a gain in equity, higher rents, and mortgage pay down, regardless of what's happening short term.
That’s why real estate has always been such a great investment, and created so many millionaires. No matter what, it’s still backed by a physical asset (real property).
Today on the “Investment Property Income” podcast, we take a look at everything that’s going on in the market, and offer some strategies to make sure your investments are secure.... long term.
www.guidetothegrind.com