Friday, May 12, 2017

When Real Estate Goes UN-REAL ESTATE

UN-REAL ESTATE is my word for what has been happening in the Greater Toronto Area (G.T.A.) in the past 18 months.
This year it reached my city of Barrie where, since the beginning of the year, prices have surged by 30% putting the median cost of a home at $530,000:00. This may not seem an outrageous figure to some of you folk who are used to offering your left kidney as a down payment on a property, but for us it is simply UN-REAL.
On my street alone we have bidding wars on houses that have been on and off the market for two years. "FOR SALE" signs are planted on lawns only to have "SOLD" stickers on them within a week.
What is going on?
The answer is simple. The Chinese have arrived. The Eastern invasion came to Vancouver ten years ago when Beiing investment was directed to real estate. When a foreign-investment tax was levied at 15% in Vancouver to calm the market, the money flowed to Toronto and the prices went up. In the condo where Pauline and I are moving to next year, at least a third of the units have been bought by Chinese agents: since there are lot of Chinese millionaires the UN-REAL ESTATE market continues to heat up.
Which brings me to my final point. For fifty years and more I have been in the Real Estate business. I have been telling folk about  FREE property in Heaven for as many who would accept the offer.
The dwellings are in the New Jerusalem and they are described as "MANSIONS" by Jesus in John 14.
They have already been purchased and prepared by our Heavenly Father and there are MANY of them.
Why don't you read the real estate section of the Bible for yourself and make your own choice? Its better than slitting your wrists to pay for a life time mortgage down here.
Jubilate.

Ian