Used properly, the real estate information online can give you a huge advantage. Don't wait until the time comes to relocate. Keeping tabs on real estate markets should be a daily habit for any Canadian homeowner who wants to get ahead financially.
Today, you can look at housing prices anywhere in Canada online. An excellent resource is Royal LePage. This quarterly report tracks housing prices for various types of houses in all regions of Canada. By checking every quarter and reading the accompanying report, you can get a sense of where the markets are headed.
There are also a number of magazines sponsored by the real estate industry. They contain interesting articles and forecasts. But beware - these tend to be on the optimistic side. Best to track the numbers and come to your own conclusions.
Although the market moves upward in the long term, there are lots of dips and rises along the way. Traditionally, housing rises and falls in five year cycles. Today, these cycles are longer, as long as 12 years or more. There is also an annual and seasonal cycles. For example, prices tend to be highest in the springtime.
Your strategy for buying or selling should take these cycles into account. For example, when you buy in a peak market, you need to be prepared to hold your property for some time before you see a reasonable appreciation.
Active individuals keep a constant eye not only on real estate pricing but also on factors that affect the real estate cycle. By watching these factors, you can predict where housing prices are heading in areas that interest you.
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