A short while ago we talked about how the real estate’s market recovery will more likely than not depend on full societal collaboration and participation within the market, in a post called ‘To Stabilize We Must Equalize’. If only those who are in good shape participate, then top-end properties circulate freely while mid-level properties stay put and depreciate.Looking into the future, this concept is seemingly being applied to various markets already, which is a huge step in the right direction. Participation is going to be the key to market re-stabilization. In the US, it’s
According to a recent Scotiabank poll, an impressive 77% of Canadians view home purchasing as an investment as opposed to an expense. With this mentality, Canada will hopefully follow-suit with our neighbours to the South in investigating the proper investment methods that will not only benefit the buyers and sellers, but the market itself. Recovery is close, now it’s just a matter of harnessing interests and investment strategies to collaboratively force a market recovery.
image courtesy ofKen Jarvis Photography