Sales remained strong going into December with inventory at a real low. With a mild winter so far, 2020 is shaping up to be a very good year to sell and buy while interest rates remain low.
As I always share with my clients, timing is everything in Real Estate! I always want my clients to have the jump on everyone else. If you are thinking of selling, please call me and let's get you on the market before everyone else jumps in. I expect sales to continue to rise and more inventory to come on the market sooner than our typical spring market.
Recently, I received a very interesting article from Ozze Jurock. For over 21 years Ozzie has been very accurate in predicting Real Estate trends and markets. He is a wealth of information on all kind of Economic and Real Estate stats world wide.
Below is from Ozzie Jurock's articles.
REAL ESTATE VALUES GOING HIGHER- EVERYWHERE!! OZZIE predicts for 2020.
INWARD MIGRATION. YOU AINT SEEN NOTHING YET!
1. Our Jurock Real Estate Insider slogan has been for 21 yrs: "VALUES GROW WHERE PEOPLE GO AND PEOPLE GO WHERE THE JOBS ARE." (OR LEAVE, WHERE THE JOBS ARE NOT).
2. At every outlook and land rush conference since 2011 we predicted continued inward migration, not just from Asia but Iran......indeed from a world in turmoil everywhere. That inflow of people together with unconscionable money creation would result in ever higher prices.
3. In addition, money flows here for safety!! Immigrants bring it or just send their money for .....safety.
CANADA was rated the 3rd safest COUNTRY by (Afire) and inward migration, together with relentless money creation would bode well for our real estate investment futures.
But even Ozzie did not foretell this this enormous NEW STATS CANANDA NUMBER!
The country's population grew by an astounding 208,234 in July to September 2019 period, with some 83% of that increase due to international migration, according to estimates from STATISTICS CANADA released December 19. GROWTH OF THIS MAGNITUDE from international migrations "HAD NEVER BEEN SEEN BEFORE IN A SINGLE QUARTER", the agency said.
NEW IMMIGRANTS TOTALED 103,751 IN THE QUARTER, while the number of non permanent residents rose by 82,438. BRITISH COLUMBIA SAW THE FASTEST POPULATION GROWTH.
Ozzie suggests people are running from falling currencies, crushing debt, collapsing enconomies and looking for a safe place. Canada is at least at the top of the choices. BC has the highest percentage increase and Alberta "the best in 4 years"