What's that you say you see...sold signs? How can there be sold signs out there, everything is terrible in the world.
Well, despite the best (or worst) efforts of the 'doom and gloom' media, the sky hasn't fallen. Smart investors know how well real estate has performed as a long term investment and they see this time as a great time to buy! Prices are low, inventory is high and personal mortgages are still easy to get for qualified homebuyers (the way it's always been). Have you looked at interest rates lately?
How much did you pay in rent last year? The last five? Your principle residence is still one of your best tax shelters since any profit you realize on its sale is free of any capital gains taxes!
Remember...
'You Can't Live in a Mutual Fund!'
You can find great local Toronto, Ontario real estate information on Localism.com Frank Bott is a proud member of the ActiveRain Real Estate Network, a free online community to help real estate professionals grow their business.
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