Economic Outlook for Victoria BC – Real Estate Investment

by McLean Real Estate Group on September 18, 2011

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!

McLean Real Estate Group

Offering the very best in real estate for our clients! If you are looking to buy or sell a home, choosing an experienced REALTOR® is important. Ask any one of the thousands of people who have come into contact with the McLean Real Estate Group over the years and they will tell you that their best assets are professionalism and integrity. Geoff McLean, Jodi Baker and Darren Neuhaus provide sound advice for every aspect of the Victoria market to ensure your real estate goals are met. Whether you are relocating to or from Victoria, a first time or experienced buyer or seller, you can count on the McLean Real Estate Group.

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