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Teri Lynn & Norm Hilson

Real estate is only viable retirement strategy

It may be a bitter pill to swallow for boomers headed into retirement with only meagre returns on fixed-income investments, but the advice of a leading real estate expert may keep others from following their lead.

“Many Canadians today are having trouble with their retirement strategy and they are worried about outliving their money,” says Bruce Firestone, an investor and broker from Ottawa.

“There are a few reasons for that: inflation, low interest rates and saving. Most people don’t have defined benefit pensions anymore.”

Firestone will share his secrets on how to develop successful real estate investment alternatives during his keynote session atCREW’s Toronto InvestorForum, which will be held on March 28 and 29 at The International Centre.

He will also speak about finding ways to improve returns by adding differentiated value and diversifying, which he says should include owning your own home, buying some residential rentals, investing in small commercial properties and holding some land.

“The longest journey is the one where you never take the first step,” adds Firestone. “People think nothing of buying $100,000 of poor returning mutual funds, but hesitate to buy a duplex or industrial condo with double-digit returns.

“Real estate is the one retirement strategy that really works for the average person.”

Written by Jamie Henry Real Estate Magazine 

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Comments

 

Chandra said:

You have made some really good points there.

I looked on the internet for more information about the issue

and found most individuals will go along with your views on this site.

February 10, 2015 2:32 PM
 

Candice said:

I needed to thank you for this fantastic read!!

I certainly enjoyed every bit of it. I have you book-marked to look at new stuff you post…

March 5, 2015 10:42 AM

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About Norm & Teri Lynn Hilson Broker Sales Rep

Born and raised in Milton, with complete knowledge of the surrounding areas. Our success is because of our commitment to service. We look forward to helping all our present, and future clients.