Midway transformer fire
Online harms bill on hold
BC boosts milk production
Plastic treaty talks underway
UN workers charged 
Trudeau in Saskatoon 
U.S. reporter remains jailed
$620 million for Ukraine 
5 die crossing channel
PepsiCo beats Q1 forecasts
Equifax testing rental data 
Tourism operators struggle 
Leafs even series
Cristall gets pro look
Warriors even series in OT
Seinfeld: movie biz is 'over'
A Knight's Tale sequel axed
Rudolph: I'm no nepo baby
It appears as though more people these days are looking for an investment in real estate which offers cash flow returns.
The fundamentals of cash flow type properties had been turned upside down in the feverish real estate markets several years ago when rental rates could not keep pace with asset inflation. Resort properties often carried higher management overhead which made them more susceptible to a real estate correction than main street or subdivision type properties.
The Okanagan however is seeing a greater interest in cash flow investments and offers a good opportunity for the investor to take advantage of discounted real estate values currently and a rental market that is remaining quite strong.
With a high percentage of the labour pool being service, retail and tourism the demand for rental properties has remained steady through the real estate downturn yet asset values have diminished to the point where the investment now makes sense. Having a busy University and College in town that is attracting more faculty and students also helps the equation.
At the end of the day, a carefully selected real estate investment can quite easily out perform a managed stock market investment and the asset value historically has always grown on pace or ahead of standard stock market indices.
If you are looking for that opportunity to combine low asset value with good rental demand and an opportunity to diversify your real estate portfolio, now would be a good time to contact your REALTOR® to discuss the various options available currently.
It was refreshing this morning to scan the global real estate headlines and read about general optimism in the global economy in relation to real estate... a rising tide floats all ships. Happy long weekend.
This article is written by or on behalf of an outsourced columnist and does not necessarily reflect the views of Castanet.
