Real Estate History Lesson for Canadians

Canadian financial columnist Garth Turner talks about the Canadian real estate market and about the fact that most people buying houses in this market, forget very important history lessons.

The author draws a parallel between the dot-com craze of the late 90’s and the current state of the real estate market. He explains how the media and the realtors continue to fuel the myth of affordable housing, while the average Canadian family has less than $60,000 income per year. And yes this is before taxes.

The author concludes that now is not the best time to buy real estate if you want to rent it out and make money.

Real Estate History Lesson for Canadians