“Real Estate runs in cycles, of varying supply and demand levels, which affect prices more than any other factor, even interest rates. There are four phases to each cycle commonly known as the following:
- development (optimism),
- overbuilding (uncertainty)
- adjustment (pessimism), and
- acquisition (hesitant optimism)”
For more details into each of these phases, please email me or phone me. firstname.lastname@example.org or 403-431-9107.
Taken from Commercial Real Estate Investing in Canada.