There's still time to get in on this hot market.

ust when you thought it couldn’t go any higher, there it goes again. Despite a pandemic, the average price for a house across all provinces in Canada continues to rise. And while the Canadian Mortgage and Housing Corporation predict that the peak is near, it is unlikely that the real estate market will see much of a decline over the next few years. For those looking to invest, this is good news.

Real estate frenzy

During the pandemic, Canadians saved, on average, 14.75 per cent of their disposable income, five times as much as in 2019. With more cash on hand, combined with low-interest rates and an increase in foreign investment, we have a trifecta of reasons for an exploding housing market. High demand and low supply have led to bidding wars, driving prices up to astronomical levels, creating a frenzy among buyers and a huge win fall for sellers.

So, what’s next?

So if predictions are to be believed, now is still a good time to make your foray into the real estate world. The general consensus of those in the know is that home sales are likely to jump again this year, before easing off in 2022. Of course, before you invest in anything, make sure that you understand what you are getting into and what the risks can be. In short, do your homework!

Time to make your move

Whether you are interested in flipping fixer-uppers, have an eye on commercial real estate, want to get involved in the rental or wholesale market, considering buying property in the United States, or even looking to become a real estate agent yourself, this Complete Real Estate Investing course has you covered. It will guide you step-by-step through nine courses, covering the varying aspects of the real estate market just mentioned...

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