Totalpkg wrote:
FarKhan wrote:
where would those who have made hard cash ready money go?
will there be any new high ways added from kitchener to toronto
Haha...no...government can barely maintain or expand the 401...try Brampton or Georgetown...
In case you're not aware, the province of Ontario is in deep financial trouble and is piling taxes upon taxes on us citizens to make up for their gross mismanagement and loss of billions of taxpayers money. In other words, don't expect them to build any new highways for a very looooong time. They can't even afford to properly look after the highways that we have now.
If you're flush with cash at the moment my suggestion to you would be to NOT BUY NOR INVEST IN REAL ESTATE just yet. This is definitely not a buyers' market and anyone who foolishly buys into it is going to be very, very sorry they did. Don't listen to all the false propaganda out there trying to brainwash you. Do some reading and research the financial markets and think for yourself - don't be a stupid sheep and blindly follow the herd.
For the next couple of years, you would be wise to park your money in some good ETF's or preferred shares to generate some decent returns on your capital. Find yourself a good investment manager for some sound advise and just relax and sleep tight for the next year or two. Just remember: those who laugh last, laugh best!