I just went through "the secrets of real estate cycles in Canada" book and in my opinion it's a must for every real estate investor.
However I can't seem to be able to analyze what stage of the cycle most major cities and towns are at and where they will be in say 10 to 15 years.
So if anyone of you think they have a strong understanding of the cycle and would like to shed some light I will be more than happy to listen to.
More specifically I was trying to see where Alberta, Ontario and BC stand today and what the situation be like in the future.
where do you see these three provinces in terms of real estate cycle in 10 to 15 years? I mean in say 10 years from now do you think Alberta will have 20%, 30%, 50%, 100% or whatever appreciation or maybe level off or even depreciate according to the cycle?
What about Ontario and BC as well? Appreciate and if yes how much, level off or depreciate.
I'm just curious not only because as an investor I would like to get educated as much as I can in a positive way but also because when I read the book I started looking at historical data for the different cities for the last 50 to 60 years and found out what's in the book is correct. As an example I came across a boom in Toronto that peaked in 1989 than busted until 1996 than boomed again till our current day and also noticed the same thing in Alberta and BC but with different time frames and that left me wondering about what could happen in the next decade or so in the provinces.
However I can't seem to be able to analyze what stage of the cycle most major cities and towns are at and where they will be in say 10 to 15 years.
So if anyone of you think they have a strong understanding of the cycle and would like to shed some light I will be more than happy to listen to.
More specifically I was trying to see where Alberta, Ontario and BC stand today and what the situation be like in the future.
where do you see these three provinces in terms of real estate cycle in 10 to 15 years? I mean in say 10 years from now do you think Alberta will have 20%, 30%, 50%, 100% or whatever appreciation or maybe level off or even depreciate according to the cycle?
What about Ontario and BC as well? Appreciate and if yes how much, level off or depreciate.
I'm just curious not only because as an investor I would like to get educated as much as I can in a positive way but also because when I read the book I started looking at historical data for the different cities for the last 50 to 60 years and found out what's in the book is correct. As an example I came across a boom in Toronto that peaked in 1989 than busted until 1996 than boomed again till our current day and also noticed the same thing in Alberta and BC but with different time frames and that left me wondering about what could happen in the next decade or so in the provinces.
