YOUR INC - DARCELLE RUNCIMAN
Shhh....DON’T SAY THE R WORD?
How to Make Sense and Take Advantage in
Today’s Market
Can 2009
Yes we are weathering an economic storm. was that in
However what is the exact meaning of a Ontario
recession? labour
growth will
Well, is it simply where the GDP (gross domestic only drop
product) is in a downturn for at least 2 consecutive slightly and
quarters. So considering the booming last few populations
years ANYTHING would look like a downturn after will be at
Darcelle
that. So what do we do, nothing or something. just below
Runciman
If you want to make money in real estate, we need 1.5%.
to separate the facts from the myths. Unemployment rate is
moderate in Ontario; however the rest of the
Myth: I hear a lot of fear out there, things like well
country is still at a stable rate, meaning that overall
my RRSP’s have crashed so now what do I do. I
Canada is still a strong country economically.
am just going to do nothing and wait and see
because now is not the time to act.
Make decisions based on the facts from people
who understand what is REALLY going on. STOP
Fact: Wait and see for what? So that you miss out
watching the news! Bad news sells papers and
on what is the BEST TIME TO BUY? It is interesting
news ratings. Basing your investing on news is
how when we don’t understand something the
investing based on emotion not facts.
tendency is to “wait and see”. Well seasoned
investors in real estate are not waiting. Why not
It is time for us to refocus on what our goals are
you ask! Well this is because when investors see
plan, and then wait to yield the profits. Your goal
an OPPORTUNITY, they ACT. This is the best time
questions can include: What is it that you want
to buy long term property in specific areas in
your money to do for you? How are you going to
Canada at the moment, due to the price
hold yourself accountable to that goal? Stop
reductions.
allowing others to take care of your investments for
you. Learn and be more active in the determination
Long term all economists are saying that the
of where your money should go. That means work?
upswing will begin in approximately 12-18 months.
YES it does, but it is work with the guidance of an
So what are you waiting for? Look at area’s
expert in the field.
average incomes, population growth, property
values, local and provincial leadership,
Her Story on Investing: Susan, an investor took
transportation improvements. Forecasts for
control and cashed in her RRSP’s 2 years ago. Yes
Canadian Average Residential Selling Prices are
she paid tax on that withdrawal, however guess
that there will be a 3% increase by Q4 of 2010.
who is happy now... she is very pleased with the
fact that long-term she knows she will have made
Populations and Labour Growth according to Stats
more money because she took action at the right
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