Posted on: 15th Jan, 2012 03:40 am
there are various option in the real estate to earn profit, but due to recession and financial crunch on the people, distress market is providing great opportunity to explore smart deals. The low prices of foreclosure property are expected to bring in more investment in 2012, including buyers from foreign countries. This will help improve the real estate market's status during the year.
if we take foreclosure in broader aspect its a gift of recession which invite us to utilize it for benefits!
i will appreciate if you people join this communication further!
if we take foreclosure in broader aspect its a gift of recession which invite us to utilize it for benefits!
i will appreciate if you people join this communication further!
Hi alvinajohn,
Due to immense job loss and reduction in wages, a large number of people have lost the capability to even buy a foreclosed home. However, yes, it can be true that foreign nationals can buy property in this country.
Thanks
Due to immense job loss and reduction in wages, a large number of people have lost the capability to even buy a foreclosed home. However, yes, it can be true that foreign nationals can buy property in this country.
Thanks
I think a bank would rather you stay in the home and keep it safe until the sale rather than you moving out, then the bank has to foot the bill to have someone winterize and secure the home and drive by from time to time to be sure no one broke in, vandalized it, etc.
:idea:
:idea:
jameshogg i experienced a better position of people in canada than rest of the countries. Canada is not directly hit by recession, yes indirectly but not very much. property growth rate is still in double digit here!
Hey alvinajohn,
Reports by Statistics Canada show that Albertans have seen a 4.4% year-over-year growth in their average weekly earnings, reaching $1,049.31 in October 2011. Alberta not only has the highest wages in the country but also continues to grow at nearly the fastest rate in Canada.
Alberta is also the province with the 3rd highest priced real estate preceding the North West Territories and before Ontario however because of the high wages, mortgages usually are no problem.
Calgary in particular is the countr5th most expensive main city in Canada to buy real estate. However, because of the higher wages of Albertans, more people are able to finance a home; about 73 per cent are already home owners compared to the 68 per cent of the rest of Canada.
Reports by Statistics Canada show that Albertans have seen a 4.4% year-over-year growth in their average weekly earnings, reaching $1,049.31 in October 2011. Alberta not only has the highest wages in the country but also continues to grow at nearly the fastest rate in Canada.
Alberta is also the province with the 3rd highest priced real estate preceding the North West Territories and before Ontario however because of the high wages, mortgages usually are no problem.
Calgary in particular is the countr5th most expensive main city in Canada to buy real estate. However, because of the higher wages of Albertans, more people are able to finance a home; about 73 per cent are already home owners compared to the 68 per cent of the rest of Canada.
very nice post petekolackovsky!
not only Alberta! Otario, Vancouver, Ottawa and Montreal show high growth rate .in spite of global recession property prices are stable there. more and more investors are shifting there attentions toward canada now. i am attaching an chart which shows how much better position canada entail in global market.
not only Alberta! Otario, Vancouver, Ottawa and Montreal show high growth rate .in spite of global recession property prices are stable there. more and more investors are shifting there attentions toward canada now. i am attaching an chart which shows how much better position canada entail in global market.