09-06-2019, 12:43 PM
(09-06-2019, 09:44 AM)Rainrider22 Wrote: I think traditionally, and historically, you wont go wrong investing in real estate. And as long as your building up equity at someone else's expense, I don't see a downside even if the unit price does not appreciate substantially. And again, the amount of tax advantages makes it worth it for me personally. The caveat to all this is you have to be in it for the long haul, if you are looking to flip and make a lot of money than I agree, right now you might not want to invest in real estate.
Most of the time, real estate prices trend up. And most of the time, stock markets trend up. But neither one is guaranteed. Most international analyses see the Canadian real estate market as overvalued. Of course that is not guaranteed to be correct, either.