I have heard an unsettling number of financial forecasters and alleged real estate experts claim that the market will cool off and slow down in the future.

I find that very difficult to believe. I think the real estate market in Canada will remain robust and active for many years to come. Prices will continue to rise. And I will tell you why I believe that.

I think we should first realize that there are no experts on the economy, especially when it comes to the real estate market. If they really were experts, they’d be out making money on the real estate market, not writing columns or stumping the speaker circuit.
Market slow down? I can’t see it. Forget the graphs, the charts, the bubbles ready to burst and the look of international affairs. Look at what really drives the market. Look at the humanity.
We live in a country that is rich in resources, land and opportunity. We decide who will be in our government and we have the freedom to throw them out through the power of our ballots on election day.
These simple, fundamental rights and resources are taken for granted by so many of us that we are surprised and even sometimes annoyed that others in the world clamour to live here. What we have is overwhelming to those in other countries. They dream of one day getting the chance to live in Canada.
Although many complain about immigration policies and open doors for refugees, it is the consistent welcome we give to others that sets us apart from those who would hoard treasures and deny the sharing of wealth. We have lots of room and we have lots of opportunities for those who want to work hard and achieve the greatest dream anyone could have: the dream of owning their own home.
In the coming years we will see a flood of immigrants and we will be building more houses, we will be trading more properties, we will be constructing more schools, more shopping centres, and more commercial businesses. We will need more builders, health care workers, teachers,
entrepreneurs, service industry workers, factory workers and on and on.
We will confront the challenges of the world with the resources that we receive from the very people that we give the opportunity to share this country. We will tenaciously strive to cure illness, we will find ways to reduce pollution, we will strive to address hunger and poverty, we will find a way to reform criminal activity while balancing our rights and freedoms.
And I think that along the way, we will realize profound developments in our nation and in our society.
Our racial differences, our ethnic diversity and the variety of our religious beliefs will become less and less important. We will stop looking at those who are different from us with disdain. We will celebrate our differences and treasure our personal uniqueness.
But we will never ever lose our common desire to have a home. Our greatest need will always be the desire to have a place, our own place, where we can honour our heritage, reflect on our achievements, raise our families and show our own different personalities. Our right to buy, sell and own our own home will be the one fundamental business that will not change in the years
that lie ahead, long-term or short-term.
There is nothing I can see that is going to stop more homes than ever in history being purchased and sold. If you think the market is brisk now, just wait and hang on to your hat.
At the end of the day, you can go to any seminar you want, listen to any speaker you choose, read any newspaper you care to buy and look at all the charts and coloured graphs that paint a compelling picture, proving that the real estate market is falling or people no longer want to buy homes.
Don’t you believe it for a second. The real estate market and the real estate profession are both going to soar to new heights.
And remember, even the so-called experts know that it is the real estate market that drives the whole economy. Go ahead and do the math, add it all up. Just don’t forget to factor the spirit of humanity in your equation.
But you don’t have to listen to me, because I’m no expert. If I was I wouldn’t be writing this column. I’d be out making money in the real estate market.

Heino Molls is publisher of REM. [email protected]

 
 
 
By: Heino Molls
[email protected]