Economic Outlook for Victoria BC – Real Estate Investment
You all know that recent months have seen a return of some uncertainty on the part of investors, who worry that we may be on the verge of a significant downturn similar to what we experienced in 2008.
I was able to attend a recent economic update (through a local Edward Jones representative) that put the situation in a different light for me, and I am happy to share some of what I learned. The bottom line – if you take a look at the facts – the situation in 2011 is very different from what we faced a few years ago.
We certainly see increased volatility in today’s markets, for a number of reasons, not the least of which is the ability with our advanced communications, for investors to acquire information and act quickly upon it.
Those who know more about economics than I seem to be fairly comfortable that the economic outlook for Canada, and by extension for the Greater Victoria area is on a reasonably stable footing, with slow but positive economic growth, a declining unemployment rate and strong earnings growth across the country.
The experts that I’ve heard from stress that the best thing we can do is remain calm and stay invested. And for many people their biggest investment is their home. Over the long run, real estate investment has proven again and again to be one of the best (and safest) places to put your hard earned money. See you around Victoria!
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