Market bubble about to collapse? That was the latest headline my friend Jay told me about yesterday. Really? Enough already. Two years ago the world apparently stopped spinning and the sky was so porous viruses from space were about to invade the earth. Not really, but if you read enough headlines, you would get a picture that was off centre.
Two years ago, the market, globally caught up with itself as greedy unethical banking practices became the reality of the global population and governments had to come to grips with the realization that things had to change. Fine. What a big huge mess. Then to top that story we had Pandemic flu added to it, and no it was not funny, it was scary for a lot of people. Thankfully responsible governments helped with vaccines. Ergo the viruses from space bit above…sorry but this ongoing bad news headline topic is bothering me.
Now we have a series of localized, regionalized and interconnected economies on planet earth. I work in one of them in Ottawa Ontario, which by the way seems to be OK for the most part. Slower maybe, but still rolling along just fine thank you very much. Bubble? Ottawa has a bubble? What kind of pipe was that guy smoking when he came up with that headline? Ugh.
Ottawa is one of the most stable, consistent, quasi predictable real estate markets in Canada. Homestly we never have record spikes, except for 2002, 14%, but overall over 50 years the growth is calm, consitent, and fair. Bubble? Show me the bubble!
I have 56 happy clients this year so far, oops sorry as of last night that would be 58, and that ties last years number for me. And I have three months left in my fiscal year! Bubble? No.
Real estate is not about headlines, it is about understanding the market and how it impacts your home. I have a saying, “Everything is manageable”, and for the most part I think that is true. I market, I research, I adapt and try and assist my clients and customers understand the market, which , By the Way, is always changing, even as I write this article. When you are reading this it will be out of date. However, I assure you, that you not get wet or stained when the,
Bubble bursts!
lol! Have an awesome day, and if I can help you sell or buy, just call me, I’d love to hear from you.
Cyril
