The spring real estate market has started early this year, mostly because of the mild weather conditions. Although the mortgage rates have begun to incline, we remain in a strong sellers’ market and the demand still greatly outweighs the supply in the majority of the GTA. Bidding wars are back in full force and there seems to be no end in sight for the immediate future. If you are currently in the process of buying, I have 3 things to suggest; 1/ patience will eventually pay off; 2/ there is always another property and 3/ when you see the right property, if you snooze, you may lose.
On a more personal note, in mid December, I went to Panama for what I thought would be one week of R & R and somehow ended up purchasing two pre construction condominium units as investment properties. They were simply too good to pass up. I will be returning to Panama at the end of this year to close on these units. If you would like more information about Panama with regards to investing in properties, I would love to share my limited knowledge with you and direct you to other sources of good information. As many of you already know, I co-lead investment seminars as well as a landlord’s group made up of people who are veteran landlords and others who would like to know about how to become one. Please let me know if you would like to know more about these groups and upcoming events.
All the best,
Michelle Read
Your Personal Real Estate Consultant…For Life
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