I think we can all agree that the Canadian real estate market is weak(ening). It's not that I have an agenda to push or a service to sell as a result of this recent phenomenon. Facts are facts: There are more listings on the MLS, closing times are being increased, and listing prices are coming down.
What does this all mean? In my opinion, it means that if you just bought, you better hold on for the long haul and hope 1) you have a secure job to continue your payments, 2) you have a VRM and 3) that you don't end up with negative equity. If you're looking to buy, RELAX. Wait a while. I guess it depends on your local community but prices are coming down. Your deal is soon to be had.
Are you interested in following some cool articles on real estate? Then follow me on del.icio.us. I'll post articles there instead of links here.
Have fun and stay profitable!
Karim Kanji
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Who We Are...
- Karim Kanji
- Thanks for stopping by my little piece of digital real estate. This blog has undergone a variety of changes over the months and years. We started by highlighting inspirational people and stories. I've also been known to write about books and events I've attended. 2010 will be the beginning of a new era at KarimKanji.com. Our goal in 2010, and for the foreseeable future will be to offer helpful tips. Whether it be on how to properly market your product or company, use social media tools or how to be a cooler dad, this blog will aim to be, above all things, helpful. I hope you enjoy! kk
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