Secrets of the Canadian Real Estate Cycle: An Investor's Guide Hardcover – Aug 2 2011
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From the Inside Flap
Is that it? Is the Canadian real estate boom finally ending? After a long-running boom in the real estate market, many involved in the realm of Canadian real estate expect to see a period of slower growth or declining values, but this doesn't mean that investors necessarily need to cool their heels, sell everything or go on a buying spree. The reality is that all real estate markets around the world operate on a cycle, from Boom to Slump, Slump to Recovery, and from Recovery back Boom. The key for investors is to be able to identify exactly where in the real estate cycle their target area is and how to take advantage of this knowledge, as there is money to be made in all of the phases.
The real estate cycle has been in existence for a long time yet many investors have little understanding of how it materially impacts real estate over time. An entire real estate cycle can typically take a decade or more to complete, which can explain why many home buyers and investors fail to recognize that there is a cycle to it all. But once you understand the cycle and what drives it, you become empowered to use your knowledge of the cycle to your advantage. During the specific phases of the real estate cycle there are "cyclically sensible" actions that wise investors take, and other actions they avoid, because they are not "cyclically sensible." Another key element of the cycle is the availablity of financing, which is directly related to the phases of the cycle.
Written by a team of investment professionals that includes Don R Campbell, Canada's top-selling real estate author; Keiran Trass, a leading international expert on real estate cycles; Greg Head, a Canadian investment specialist; and writer and real estate enterpreneur Christine Ruptash, you'll learn about the key factors that drive cycles, and those that have lesser impact, to enable you to assess your local market and decide which investment tactics will produce the best results for you.
Complete with charts, checklists, and real-life stories, Secrets of the Canadian Real Estate Cycle is an indispensable guide that will teach you how to become a strategic investor and profit in every market.
From the Back Cover
Learn to Become a Strategic Real Estate Investor and Profit in Any Market
Every day it seems as though the media has a different story to tell about the real estate market. Is the market going to boom? Are values inflated and unsustainable, so a correction is inevitable? Are we in a buyer’s market or a seller’s market?
If the lack of any clear direction has your head spinning, then now is the time to read Secrets of the Canadian Real Estate Cycle. With full-on analysis and exacting detail, this book addresses the fundamentals of the real estate cycle. Investment experts Don R. Campbell, Kieran Trass and Greg Head have collaborated with Christine Ruptash to produce this comprehensive guide to understanding the market cycle in your target area and which investment tactics to use to maximize profit in your current investments and strategically invest for portfolio growth.
Praise for Secrets of the Canadian Real Estate Cycle
“Wow! What a great book. I have lived and worked in many Canadian provinces and developed, built and sold more than $100 million of real estate in this great country—and this book makes me feel like an amateur!” –Brian Tracy, Author of No Excuses!: The Power of Self-Discipline and Reinvention: How to Make the Rest of Your Life the Best of Your Life
“This book is a game changer—it completely shifted my way of thinking! If you are at all considering real estate as an investment vehicle, or if you are a long-term investor—in fact, especially if you are a long-term investor—this book is a must read.” –Jim Sicotte, Canadian real estate investor
“As soon as I read the first chapter, I knew this would want to be read and re-read by every real estate investor. This book teaches you about the real estate cycle and provides invaluable tools that enable you to evaluate any market at any time.” –Peter Kinch, Real estate entrepreneur and financing expert
“I’ve been a real estate lawyer for 35 years focusing on the investment side. This book is an invaluable tool for any real estate investor who’s trying to understand how the market really works. I will be recommending it to all my clients, whether they are experienced or just starting out.” –Barry McGuire, Real estate lawyer, author and investor
“As an investor and developer, The Secrets of the Canadian Real Estate Cycle provides a vital guideline to make critical investing decisions.” –Rob Haberman, Real estate investor/developerSee all Product Description
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Top Customer Reviews
If you''re a real estate investor or even remotely involved with real estate in any way you gotta get this book. This book will give you the knowledge about the specific drivers and influencers of the real estate market. There are specific examples for the Calgary and GTA markets so you get the complete picture of the history of real estate prices in these areas with the data displayed with graphs and charts. There are also a few examples of how just knowing a few market drivers can enable you to prepare for the next trend in the cycle.
This is one of the few books that I''ll be referring to more than once.
I love the work by Kieran Trass (I've written a review on one of his books - which is one of the only books I reread on a regular basis). Understanding real estate cycles and what REALLY drives real estate markets in an area is critical to the success of an investor. It also helps you stay sane while the media throws crazy boom and bust headlines at you - at all phases of a market cycle. :)
This book gives an overview of Kieran's research which is good but what I like about this book is it takes the work of Kieran's research and dives in further reviewing specific tactics and strategies to use at each phase.
You an pick up this book and use one of the handy market specific tables to find out what's happening in Calgary (for example, they also specifically talk about Toronto & give you plenty of resources to use to figure out your specific market) and how to read it's drivers (everything from Vacancy rates to rents to listings). You then can figure out whether it's in the middle of recovery or the end of a boom. THEN once you know where it is on the cycle you can read the details in the book about what kind of strategies you should be using to protect or maximize your potential returns as an investor based on where it is in the cycle.Read more ›
The in depth analysis that the authors have done for both Calgary and Toronto was extremely helpful in understanding what the markets are doing. With this book, you can take the information and help to understand what any different market is doing. As with anything, look behind the curtain to see what the market drivers are telling you. Are there jobs being created? Temporary or full time? Are they going to be permanent?
With a good understanding of this book, you should be able to better prepare to make money in ANY cycle that the market is in. They will just require different strategies.
We look forward to another book from these authors!
The Real Estate Cycle gives indicators as to this. It explains the cycles real estate goes through so that you can have some idea when to be buying, holding or even selling off to get your debt level ready for the slump.
Its exactly what I've been looking and spending thousands taking seminars to find out.
Most recent customer reviews
Great book filled with innovative ways of realizing where the market stands. The book is filled with graphs and charts which helps one better understand the cycle. Read morePublished 6 months ago by Farid Yaghini
Good information from start to finish.. Didn't expect it to get so detailed, but it did. Very impressed, and much better than some of the long drawn out stories Don has put... Read morePublished 10 months ago by Ryan Egger