Real Estate Forecast for late 2010 and 2011, would you buy a rental income property right now.

[bizaro86]

QUOTE (gwasser @ Jun 29 2010, 12:10 PM) Sounds like you bought a townhouse in NE Calgary. But you are right, we now are starting to see better pricing in the city that approach REIN criteria. With patience you may find the right deal. I am still waiting.

Its actually an apartment style condo in a close-in neighbourhood, although the deal I`m referring to happened ~1 year ago. Patience and negotiation are definitely required to find anything in Calgary approaching REIN numbers, at least for Condos, Townhouses, or single-family homes. I admit to not being up on the suited house or multi-family markets.

Michael

 

[bizaro86]

QUOTE (housingrental @ Jun 29 2010, 12:33 PM) Hi Michael
The policy response has been to counter the existing deflationary pressures
Inflation in Canada is not a given for the next few years
If choosing not to invest in housing or not to invest in bonds your choosing bank account... which is fine... but cash as part of a portfolio!
Long term bonds have their place.. and from my perspective a good entry point given alternate investment choices currently available

Ah, portfolio allocation. I think that`s actually the most difficult part of investing. (At least for me, with more investment ideas than investable assets.) Long term bonds definitely have their time and place. I think right now I`d stay 5 years and shorter, and maybe use GICs instead of gov`t bonds. (Still guaranteed by the gov`t of Canada). That becomes an issue if you`re putting more cash to work than the gov`t guarantee, but that hasn`t been an issue for me.

Michael

Michael