By Ryan McGreal
Published March 24, 2009
In an interview with the CBC's George Strombolopoulos, real estate investment advisor Don Campbell recommends making real estate investments in places "where your money will work the hardest for you".
Here's one other thing to consider when you're going to buy, if you're going to buy: the government right now is spending billions of yours and my dollars ... they're spending all this money on infrastructure - new LRTs, new subways, new highways - so follow those tracks.
People are going more green. I don't know about you, but every time I get on the [Hwy] 401 or the Hwy 1 in Vancouver, it drives me crazy. You can't get anywhere most of the time of the day. So people are buying within 800 metres of the new LRT, GO Stations, new LRT Skytrain station in Vancouver.
Asked to name the top five hot spots in the country, Campbell responds:
Long term, and I'm talking five to seven years, you want to be buying in Edmonton, you want to be buying in Calgary, you want to be buying in Barrie and Orillia, you want to be buying in Kitchener-Waterloo/Cambridge, and you want to be seriously looking at Hamilton. ...
Hamilton's got the GO Train servicing it, and it's getting much more expensive to buy in Toronto, so people are coming down to Hamilton. You've got the transitions that's going down there, the city leadership is fantastic in the region. And it's close to KWC, it's close to Toronto (in relative terms).
I bet you it's going to be one of the top three in all of Ontario.
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