With all the media attention on the Real Estate market during 2013 and early 2014 it can be hard to know what to believe. "The Market is Crashing". "Investors are Buying". "No More Immigration Visa's into Canada...Market to Decline".
As a Seller and in some cases a Buyer it can be almost impossible to determine if it is the right time to sell or buy or not.
Yes, the days of buying and selling within a year and making a cool $100,000 profit seem to be long over. However, if we look at the Real Estate Market as a long term investment there is still money to be made from your home.
Housing statistics for 2009 to 2013 in fact show a consistent increase in housing prices for detached homes, condos and town homes.
If the next 5 years follow the trends of the past 5 years, coupled with today's great mortgage rates, then now is a great time to buy or sell your home.