Residential Housing Trends
As far as residential housing is concerned, May has been a positive month. New houses and housing developments have popped up all over the country, which may be a sign that the present housing state is about to rebound.
Regional Disparities
Then again, “…construction declined in British Columbia, New Brunswick and Newfoundland and Labrador (Globe and Mail).” What does all of this mean? While Ontario and the Prairies are enjoying some new growth, the rest of Canada might not be seeing the same kind of growth rate quite yet.
Economic Challenges Impacting Residential Building
In fact, “…with the Canadian labour market continuing to weaken and the overall economy remaining quite soft…residential building activity (should) remain (in) the current depressed range for some time (Globe and Mail).”
Investment Opportunities
Still, those looking to build a new home might find that construction is a wise choice. Even though the economy is still looking soft, there is bound to be resurgence sometime in the near future. This means that investors with enough money will do well to build residential homes as real estate becomes more and more affordable.
Land Prices and Investment Potential
Large plots of land are being sold at stellar prices all over Canada, and this trend promises to continue as long as unemployment rates are on the rise. Taking advantage of these great real estate prices by building desirable homes could be a smart move.
Funding Challenges and Private Lenders
Investors that wish to jump into the residential home building game will need proper funding – though this could prove to be a large issue. In the past, banks and other traditional lenders were more than willing to provide developers with enough funds to begin building, but this is no longer the case.
Exploring Private Lenders
Instead, developers might have to look elsewhere to gain the money to begin building residential homes. Thus, numerous developers have begun to research private lenders. What they have found is that private lenders are still willing to give out loans to those seeking to build.
Private Car Title Loans as an Option
While there are numerous kinds of private loans available, a private car title loan proves to be increasingly popular. Since more investors and developers tend to have upper-level owned vehicles, a private car title loan is a great way for them to secure necessary funds.
Benefits of Car Title Loans
Car title loans are issued based upon the worth of an owned vehicle, which means that newer cars, trucks, and SUVs tend to fetch a decent loan amount. In turn, this amount can be used to begin building residential properties (or obtaining bargain lots).
Manageable Repayment Terms
When it comes time to repay a car title loan, both investors and developers will discover that repayment terms are quite simple. Given the fact that the economy is expected to rebound soon, paying back a car title loan becomes an easy task.
Seizing Opportunities in the Current Real Estate Market
It’s true that the current economy is still weak, but this doesn’t mean that developers and investors can’t take advantage of low real estate prices. Those seeking to build residential homes may just be able to cash in on a long-term investment if they begin to buy land and build right now.