Q: My question is, as we stand in late 2012, from your expert R.E point of view, what would be the ‘new Dubai growth’? In other words, where in the world would be the place to invest, it can be a bubble or not, flips or not. Qatar? China? Mongolia? Alberta? Are there any places / territories that come out of the background like Dubai did in 2000’s until 2006 I would say.
A: I teach my students to look for areas where there is population growth and jobs growth. Areas where there are large infrastructure projects. Areas where people with money like to live.
One of my favourite places right now is Northern British Columbia. Kitimat, Prince Rupert, Terrace, Smithers, Dawson Creek, Fort St. John. The whole corridor should do well because of the race to build liquefied natural gas export facilities, pipelines, container port growth and more.
I own properties in Kitimat, Prince Rupert, Terrace, and Smithers.
When looking for potential areas for appreciation in the rest of the world, these are the things I suggest you look for.
Hope this helps! – Ralph