Despite the COVID-19 pandemic - or maybe even because of it - 2020 was certainly a wild ride for the real estate market. In fact, pre-pandemic predictions suggested that we were going to see a downturn in the market, but the opposite happened.
It’s definitely an exciting time to be investing in real estate.
In our most recent video with Russell Westcott, we discuss the current state of the real estate market in Edmonton, and we give some hints about what might be in store for 2021.
Mortgage rates are still low, and now is the perfect time to buy. You’ll understand why when you watch this video.
Some of the things we talk about in this video include:
Edmonton makes for a particularly interesting real estate market. It’s in a much different place in the real estate cycle compared to markets like Toronto and Vancouver, which means that there’s a lot of opportunity for upwards growth from today’s low acquisition prices.
And with the rental market seeing continued demand along with record low interest rates it has created the perfect storm for some great cash flow!
Here are some other things you’ll find:
- A discussion of the surprising strength of the market in 2020, including some incredibly rare factors
- What the record sales for the last half of 2020 means for current inventory and how this could affect pricing
- Why long-distance investors are acquiring properties in Edmonton
- What makes Edmonton such a particularly good area for investment and how it goes far beyond immediate cash flow
- Why there’s going to be a land shortage soon and what you need to do about it
If you’d like to learn more about the Edmonton market or you’re interested in getting started, I have some options for you. There are two buttons below: one to a simple form where we can narrow down what you’re looking for - if you’d simply like to gather some more information at this time. The other will take you straight to my calendar, where you can book a 30-minute call with me.
I look forward to helping you reach your real estate investing goals.