With the the hint of warmer weather and a couple of dead cat bounces, market sentiment seems up. I'd say that for Edmonton real estate it is a combination of the increasingly lower prime rates; soon banks will be stuffing dollars into our pockets. And the cyclical
lift that spring/summer bring to home listings and sales.
Folks that have been waiting to buy are now cautiously dipping a toe or two testing the waters. Is it a good time to buy? Yes, of course it is - whenever you buy for cashflow in a fundamentally strong area, it is a good thing.
Did you know that CMHC has even backed mortgages for commercial multi-family apartment buildings for as low as 3.45% for a 35 year amortization?
Incredible... CASH FLOW CASH FLOW CASH FLOW!
It's great to see so many people taking action and adding additional properties to their portfolios. What an excellent time to build up cash flow and put another brick into the financial fortress.
“Formal education will make you a living; self-education will make you a fortune.” -Jim Rohn
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