Sales increased by 5% and prices were up by 7%. Rental rates increased by $100 per month…<strong> (more…)

Sales increased by 5% and prices were up by 7%. Rental rates increased by $100 per month…< strong> (more…)

To all of my friends, colleagues and clients, I would like to extend a warm welcome into this New Year which promises to be one of the most challenging and rewarding of them all. We have past the first decade of the millennium and the road is now paved. Toronto is the most promising metropolitan in North America, the fastest growing and for the first time in 15 years we should see a growth that is not just simple statistical inflation. I believe the next six years to be a very exciting time to be a home owner in this city. As immigration kicks in, job growth and further financial stability, we should witness the largest growth in value Real Estate in the City’s history. This is no time to be a spectator as many will find themselves to be out priced, contact me now to find out how I can help you to commence a value portfolio of Real Estate Investments that will bring you returns unheard of from your ancestors and will not be understood by you’re children. Don’t miss out on this fabulous opportunity.

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The guy who wrote the article below is a well known thinker. By economic pundits’ standards, he’s understandable and he writes for a number of newspapers. No equations, for instance. He’s often right, but not always…

His article explains QE2 a bit and he mentions the $1.3 trillion US deficit next year.

His outlook for 2011 is not rosy.

Canada is not mentioned, but it’s similar to Norway with its natural reserves and small population. That said, Canada is very dependent on the US and when the US catches a cold, Canada coughs.

All in all, real estate is a safe haven, especially if we end up in a highly inflationary environment. Unless it’s stagflation, in which case people might be too poor to pay rent and to buy condos.

Predictions on the global economy next year.

This bear is not for turning. It would be joyous indeed if a fresh cycle of global growth were safely underway, but I don’t believe it. Sorry.

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