When will the Canadian housing market bubble burst? Soon, says a recent report by Royal LePage.
After three years of solid price appreciations, the market may be too hot to handle. So, residential real estate prices should soften across the country by year-end; some regions are already beginning to see the signs, says Royal LePage.
This would be welcome news for advisors with clients that are set on a buy-and-hold strategy. They’d be able to purchase more affordable properties, and either rent to tenants or hold as the market cycles and gains momentum once more.
But if clients are looking for a quick flip, they should do so now.
Luckily, Canadian residential property isn’t the only real estate vehicle clients can invest in. There’s also U.S. and international property, as well as REITs.
Read: For real estate, think global
Whatever your client’s real estate investment of choice, here are some stories that can help you provide the right advice.
Wealthy clients want commodity, real estate
Global real estate remains under pressure
How to build a real estate empire
The pros of private real estate
Real (estate) income: A haven from volatility
A real estate empire: Closing the deal
Canadians take advantage of discounted U.S. property
Back to the land: Investing in real estate