L
your real estate has tumbled and crashed!
Uh, I dunno about the real estate market in Edmonton, but I closed on the purchase of my condo at the beginning of November, and the market value is already up 40%. In a 10km stretch of Yonge Street going north from Steeles Avenue, there are..8 condo projects going up, mostly multi-tower complexes, over 20,000 units. Somebody must be buying these condos for the developer to start breaking ground. The wife and I are considering buying a second unit in our building to use as a rental property. My brother and his wife are planning to do the same thing. Buy two units here, live in one, rent the other.
The real estate market in the north end of Toronto is alive and doing quite well, thank you.
Edmonton is in a slump, as most of North America, en masse, but there are pockets of great value preservation everywhere if you know what you're looking for; as anyone investing in property would be aware. My acquisitions have doubled in the past 36, which is actually a bit above what I personally had predicted. That's just a good purchase, based on good understandings of the facts and the information as it relates to the risk assessment, profit/loss requirements, and other such elementary decisions; but I'm not locked in to a mortgage, as all my acquisitions are by Private Note, allowing better terms to be negotiated, not being left to the mercy of some merciless broker. it simply suggests that you are in a good pocket, and that there is opportunity in your geographic marketplace, that doesn't mean all of Toronto is doing well, which overall it's not really, but it's resilient, and I must say more resilient than Vancouver, but that is to be expected.
That lessens nothing, that's just smart decisions and utilization of expertise.
But if you found a mortgage available from China, that was willing to finance you, at better terms, and you wanted to transact with them conveniently, BitCoin and and International Trade Unit would facilitate that much better than any current fiat currency can.
But I'm glad you are doing well with your acquisitions, and hope your ROIs will yield what expect them to.