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/developer