There’s an old saying: ‘The more things change, the more they stay the same.’ I have been involved in the new home building industry for over 40 years, and I can tell you that’s true in at least one very important respect. Hugh Heron is president of Heathwood Homes, as well as a former member of the board of directors of the Canada Mortgage and Housing Corporation and a past president of the Toronto Home Builders’ Association and the Ontario Home Builders’ Association.
Over the decades, we have seen enormous fluctuations in the economy and in what people want in their homes, but historically, real estate remains an excellent investment.
This is especially pertinent today, with some people panicking over the prediction that interest rates will go up this year. It’s important to keep this in perspective.
Last Updated: May 14, 2010 12:25pm
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