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The new year has begun here in Calgary! I hope you had a happy holiday season with your friends and family.
Today's topic is the opportunity knocking in 2016. I want to start with a few quotes from Warren Buffet:
"Price is what you pay, value is what you get. Whether you're buying socks or stocks, I like buying quality merchandise when it is marked down."
"Be fearful when others are greedy, and be greedy when others are fearful."
How do these quotes apply to us? Local, national, and international markets are expected to remain pretty much the same as they have been lately all the way through 2016.
We grew our company in the years 2008-2010 as a business and we also grew our business portfolios. These were some of our best single-family and multi-family investments and we were able to place our clients in the best possible equity position during those years as well. This was all during the market downturn!
What am I getting at? Well, 2016 is an opportunistic time for a number of reasons. Sales will be down again and optimism will be scarce. People are feeling fearful and many others are running far away from real estate. Those who step up to the plate and make acquisitions during this time of uncertainty will be greatly rewarded in 2016!
We've always said that real estate is a medium and long-term play. We can't time the bottom of the market, but we have a feeling it's going to be sometime this year.
If you want to discuss how to capitalize on this market this year, please don't hesitate to reach out. We want to get your wheels turning so you can make a profitable purchase this year. We have a lot of insight we would love to share with you, and look forward to hearing from you soon!
