Hi,
This is why we study economic fundamentals (all 12 of them) and discuss them in detail at the REIN Workshops. People have opinions and then spread them around like they are gospel.
Not to get into all of the details as they are at least one-hour or more discussions at the Members Workshops every month, the bottom line is of course real estate will be strong in some pockets and not as strong as in others. That is the nature of real estate. If a person is invested in a town where forestry is their main industry and employer, well these regions are going to feel a pinch. If GM cuts 2 shifts in one town - there will obviously be a short term softening in the market... while at the same time Toyota ADDS shifts in another region and there is a strengthening of the real estate market there.
The key thing you have to ask yourself... are you buying or selling? If you are buying, finding a fundamentally strong region that is going through a 2 year softening is EXACTLY what you`re looking for. As a matter of fact this is exactly what we discussed this month in REIN... FINALLY a strong buying season in select towns!
Please make sure that the decisons you make are based on YOUR goals and YOUR research and your action plan.
Define your personal Belize, work out if you are looking for cash flow or appreciation then target areas that can fulfill what you need. Follow the Quickstart Due Diligence (Goldmine Scorecard etc) to identify the areas and then you can confidently decide what you want to do.
Remember, the economics of the world are much different from those even 20 years ago, and that is why you are seeing so many international investors focusing their cash into the Canadian market.
