There has been a lot of talk lately in the media about the meltdown of the stock market. We have literally been inundated each and every day, sometimes every hour with the latest low etc. and how this is going to impact people's savings and retirement funds. People are left wondering what to do and where to turn.
When compared to the volatility of the stock market (plunging twice now since 9/11), Canadian real estate continues to offer a safe haven for your retirement nest egg.
Land continues to be one of the safest places to invest while it also generates substantial returns in the long term. In a report released by Landcor Data Corporation, it is noted that while total B.C. real estate sales counts and volumes in the second quarter of 2008 are down when compared to previous years, the median sales price of vacant land continues to increase.
Real estate is and always will be a long term investment because in most market conditions land takes time to appreciate. But, when you purchase the right piece of property the reward can be tremendous.
With stock and commodity market volatility making the headlines every day, it is refresing to find an investment where you can be assured that your initial investment will not disappear. Unlike stock funds which can disappear, land will always be there.