Hello Hamilton real estate investors!
Lots to cover in today’s post so bear with me!
I often spend some time reading other blogs for my own personal development and as research for this blog.Â In doing so, I came across two excellent posts:
1. The first by my newest client, real estate educator and minor celebrity Neil Uttamsingh who wrote about How Easily You Can Become a Better Investor.Â Click here for an excellent post about how it’s not about you but rather providing values to others expecting nothing in return.Â Neil – I think this message applies to everyone and not just investors 🙂
2. Since everyone is making new year’s resolutions, the second excellent post by one of my mentors, Tom Karadza, titled “Are Your Reasons BIG and FAT Enough?” (Click here) which is all about what I like to call the big why.Â For example, a typical goal: make $100,000 in 2011.Â Well why do you want to make $100,000.Â So you can afford to pay your child’s university tuition? So you can afford that trip to Europe for a family reunion?Â So you can build a school with A Room to Read in Africa?Â Whatever it is, it had better motivate you to your core where failure is not an option and persistence is what you practice.Â Maybe one day I’ll share with you my HUGE, MORBIDLY OBESE medium term goal….
Now we return to your regularly schedule blog post:
Guess which city is expected to overperform in 2011? Could it be Hamilton?
According to Don R Campbell, best selling author of Real Estate Investing in Canada and President of the Real Estate Investment Network thinks so. Click here for the interview.
In the clip, Don mentions that the Hamilton economy is growing, less dependence on the steel industry, Inmigration, an Economic Development Department that is attracting back all the lost jobs from the last decade.Â McMaster Innovation Park is expanding and attracting high paying jobs, transportation improvements include the Red Hill Expressway and Go Transit, and Metrolink’s plans for a light rail transit system.Â But none of this should be a surprise to you who follow this blog!!
Don further explains how the market was confused by the HST, buyers did not understand its impact and jumped into the market causing the surge in demand in the early months of 2010 and we will see Toronto, especially the newer condo market underperform in 2011.
Hope that helps! Till next time – happy investing everyone!
Real Estate Investment Adviser
PS: If you would like to learn more about investing in real estate in Hamilton please feel free to call 289-288-5019 or email me erwin (at) mrhamilton.ca.
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