The good news about the Canadian housing market is that it appears stable despite concerns of over-cooling. However, with prices and sales levels starting to come down, where is the value to be found when considering an investment property?
It depends on what kind of buyer you are. And it’s important to know the fundamental constants in the market, the detractors, and then the remaining areas of value. First, it’s worth considering what’s going on with buyers in the market that are looking for a home, the root of demand, when considering purchasing a property as an investor.
There will always be a demand for places to live in familiar areas. What isn’t constant is the willingness – and ability - to pay for them. Growing debt levels, stagnant wages, and tighter mortgage rules, all seem to have conspired to cool the market.
