Real Estate Back In The Positive Again

It seems that a negative has turned into a positive. Most people, when asked about the state of the country's economy, talk about the world economy. They assume that if some countries in the world are in a downward slide then all countries must be affected negatively.

Fortunately, what's going on in the rest of the world seems to be affecting Canada in a positive way. The Canadian Real Estate Magazine observes that, investors are not only pulling money out of a volatile and unreliable stock market and putting it into Real estate but also international investors are pulling their money from other countries and putting it into Canada because of the stability of our dollar and our banking system.

Don Lawby, President of Century 21 Canada, said to his top Canadian franchisees at a convention in early February, Right across Canada prices and activity are back in the positive again. The world is viewing Canada as a safe haven for investment. Public opinion is always fascinating. It seems that when the market is rising people think it will never stop and when the market is falling they still think it will never stop. And yet history has shown, time after time, that the market follows a very definite cycle.

The sales activity in the Okanagan/Shuswap is up 13% over January of last year. Most of the increase comes from the Shuswap and the Central Okanagan. As was predicted... the tide is turning in a positive direction.

 

Joel Ellams

Joel Ellams

REALTORĀ®
CENTURY 21 Executives Realty Ltd.
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