I was suggested by few people in this forum to start with Don Campbell's books and I did as suggested. I am doing my exercise in Chapter 5: How to tell if a town will boom or bust (The 12 Keys). However, I am unable to do research on few points, I couldn't find the latest demographics online. The best and latest I can find the demographics are for 2016 which is a bit outdated given the current market. And with COVID, I see few of the points listed in this book are not relevant anymore.
Here is some information I am unable to research:
2. Increase in Average Incomes
3. Increased in Migration and Demand
Appreciate if any experts who follow the ACRE system help me understand how to research this, or if this is not relevant anymore?
Demand for detached housing has increased everywhere due to covid. If I were you, I’d try and find numbers up to 2019 and then post 2019. Split it up. Realtors association usually publishes up to date stats. You should be able to track down the last 18 months that way.
@Account Closed, thanks a lot for your response. I have looked at the CMHC report earlier but I think it takes some time to learn how to navigate with data with the other two you shared. Thank you.
Demand for detached housing has increased everywhere due to covid. If I were you, I’d try and find numbers up to 2019 and then post 2019. Split it up. Realtors association usually publishes up to date stats. You should be able to track down the last 18 months that way.
Rental Property Investor · Toronto · Member since 2021 · 13 posts · 8 votes
4y
I'm reading the same book, and I found a great website called Townfolio that has all these statistics. If you click "view data" next to any of the charts it will give you a more detailed year-by-year chart. I was looking at Windsor, so the link will take you to the info page for that city, but you can search any community in the search bar at the top.
@Madeline Currie, thanks for the link this is very helpful but looks like the data is from 2017 and not very recent. Do you think this is still relevant while making an investment decision?