With the real estate market still growing, here’s how to invest
This article was created by StackCommerce. While Postmedia may charge a sales commission through the links on this page, we are not paid by the brands mentioned.
Investing in real estate has always been seen as a smart move, and with so many Canadians looking for better housing thanks to the pandemic, the time has come to strike. RBC estimates that home resale sales in Canada rose 13 percent over the past year and predicts sales will reach even higher levels in 2021. Of course there is money to be made, but understanding the real estate market requires skill and expertise.
Every good investor takes the time to research their intended market before taking a step. Investing in a home for your entire family is vastly different from determining the perfect time to buy a building to flip when demand is high. If you’ve ever considered buying investment property, you likely have trouble deciding what type of home to invest your money in. Not to mention all of the other important questions you need to answer for a venture as big as this.