Canadians are flush with cash and eager to out do their neighbors, but could the hottest luxury item of 2012 also be the smartest financial move you can make too?
The talk of a “global recession” has been a bit overblown, especially here in Canada. Canadians have cash, and they are out to spend it. Designer clothes, fine wines, upscale dinners out, the latest gadgets, decor for homes, fancy new cars, and all the jewelry and accessories to go with it are all in high demand. Just 13 months ago, there were over 560,000 Canadians worth over $1 million and that’s not including their investments in private companies or real estate, making the real number a lot higher. This is also one that is expected to keep on growing at a rapid rate over the next 10 years.
So, you are making great money, have some equity in your home, you have the new car, the latest style clothes, and dine out at the trendiest spots - what’s left for getting one up on the neighbours and for bragging about at your next get-together? How about your own commercial building? Imagine being able to say ‘You know that new shopping mall across the street, I just bought that’. Then, you can enjoy rubbing your friends’ noses in the amazing returns you are getting while their savings and retirement accounts are barely sputtering along. It’s far flashier than yet another Rolex, and it will make you look intelligent too.
More importantly, a solid commercial real estate investment can provide a great passive income, without the need to sacrifice your lifestyle. Accumulating wealth is much more than looking wealthy. Wealth that can last a lifetime and even multiple generations will always be built upon two things: passive income and equity appreciation. Commercial real estate is one of the few vehicles that can truly provide this opportunity.
With tourism and foreign investment in Canada continuing to grow, investing in commercial real estate here is not just “cool,” but also one of the safest and smartest financial moves you can make. In June 2011, over 2 million tourists and business professionals visited the country from all across the globe. This increase in tourism, combined with increased spending and the growth of the retail sector in western Canada, will surely help to create great growth opportunities for commercial real estate investors in 2012, as well as the years ahead.
Do you want to learn more about how you can profit from commercial real estate in Canada, or get more information on some of the great opportunities that are available? Contact Howard today by phone at 866-986-8673 or email him right now at howardm@redevgroup.ca.
Thank you for reading.
Richard Crenian
www.redevgroup.com
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