Economic drivers signal strong start to 2008

[Joe Crawford]

Real Estate Matters Jan 14 2008

Looking at fundamentals, it's not surprising that 2008 is already
predicted to be another great year for real estate in Canada. All of
the economic drivers that would support a robust real estate market
are in place --

powerful demographics - the 'boomers' are ready to downsize, upgrade,
or buy vacation properties, while the now maturing 'echo boomers' are
putting their first foot on the property ladder,
historically low interest rates - keeping today's carrying costs
affordable, but predicted to start edging higher in the future
positive in-migration - to further add to the demand for housing
low unemployment and wage growth - supports making a move to home
ownership, or upgrading to a better home
high consumer confidence - the belief that positive economic factors
will continue into the future adds further support for a long-term
investment
property value appreciation - is forecast in every province this
year


Yet surprisingly, there are still a few well-qualified buyers sitting
on the sidelines wondering whether this is the "right" time to be in
the market, when in reality it is a great time for a long-term
investment in real estate. If this sounds like you, then it's
probably a good time to talk to your local Coldwell Banker (R) real
estate professional. They'll be happy to sit down with you and
'crunch some numbers' to show you the high cost of waiting. They can
also offer you some creative financing solutions that you may not have
even considered. There's no obligation to you, so why not take
advantage of some advice from an industry professional? Once you see
the numbers, you may just decide to make 2008 your year to join the
thousands of forward-thinking Canadians who become proud homeowners
each and every year