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Tyrone Woodward

Whitby, Ontario - 0 views

homes in for sale real estate Whitby holiday caravan parks town

started by Tyrone Woodward on 09 Feb 12
  • Tyrone Woodward
     

    But unfortunately most investors do not know how REITS have carried out. Rather, most people really just follow the headlines that leads them to the leading mistake investors make: Headline investing (investing in the event the headlines are good) which is usually inversely related to expected return.

    After you hear statements such since; "why buy stocks when unemployment can be so high" or "I want cash since I don't read the economy going anywhere" or "I don't want to own REITs since We don't see anyone getting homes and foreclosures are everywhere"; then you have just witnessed the very best mistake investors (and the media) make; not which expected returns, i. So how can you do it?

    Now I'm no expert and I sure don't have a crystal ball. What I understand is no matter how bad the economy gets, people will always need somewhere to live. The GTA is currently leading the charge with one of many highest immigration levels on the globe. As a result, this continues to drive a huge require for rental properties together with vacancy rates in Ontario remain nominal. Below are a several key elements we look closely at when deciding to selecting a property for ourselves together with our investors.

    Vacancy Rates: When deciding to invest into Real Estate, this is among the most first things to examine. You don't want to be the investor that has that property that can't acquire filled. So how do you protect yourself from the following? Buy buying beautiful buildings in beautiful neighbourhoods. It's since simple as that.

    Truth: The Durham region has most of the lowest vacancy rates when you compare it to other districts in Ontario. CMHC Greater Toronto Accommodation Market Reported that Pickering and Ajax of them costing only 0. 6% and within Whitby the vacancy charge was 1. 5%.

    Infrastructure: Pay attention to points that are being done in the community. Will it attract new families to your area? Are they widening or extending the Freeways? Are they improving public transportation to make it more convenient.

    Fact: There are many different transportation improvements which were going on in Durham. Go Transit continues to expand, Highway 407 is extending out into the region, improvements to the 401 and continual talk about the expansion of the Pickering Airport.

    Home Income: Another important factor to consider is the household earnings. If you decide to obtain a higher end rental property and ought to rent it out at the higher end of that scale, will there be a demand for it? Our secret is purchasing nice starter homes within the 10 year mark. The demand is huge for these kinds of properties. There is always going to become a family that is just commencing, so why not have a home waiting for them.

    Fact: Housing in the Pickering and Ajax area that will be built in the future is higher density housing in order to keep up with the growth in the area. Instead of large detached homes, you are going to see townhouses and condominiums to keep up with the demands. Whitby has a little more room to grow, but the area closest on the 401 and the Whitby Shores area are sure to see some new houses.

    whitby real estate

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