I live in Canada but just the same I could not imagine being so stupid as to buy an apartment in Toronto unless I lived in that City for at least several months first.
If you haven`t walked the streets - every day for many days - had coffee in the local places, read the papers, followed the local civic politics as well as provincial politics, considered what both left-wing and right-wing economists are predicting about developments there, visited other apartments, looked at the volume and location of newly-built apartments, checked the history of emigration and immigration there, etc etc you might as well, as they used to say in elementary school "open your mouth and close your eyes". You may not like what you get.
As for investing in the Rockies from afar, words truly fail me. That is an incredibly specialized market. Places are routinely offered for 3x the going rate, in case a foreign sucker drops by. Don`t be him. |
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