User: Brian Ripley: Euro Real Estate: Picture
It’s always a time to rent or buy unless you're Hikikomori. I mashed up the chart above from Mercer via ZeroHedge which shows the high rent cities (petro-finance-centric) and included Manhattan averages with or without a doorman as well as the 3 hot Canadian markets of Vancouver, Calgary and Toronto. The fundamentals don't support buying in Vancouver, Calgary and Toronto especially since interest rates are at a low and rents and resale prices are at the highs. There is little room for improvement on cash flow unless buying hot market real estate to rent out has some potential for improving the ability to increase the revenue. More at www.chpc.biz
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