Canada -- Economic conditions; Canada -- Emigration and immigration
There is money to be made out of Real Estate—endless money, profits
that grow as Jonah’s gourd grew, if you only understand the game. “If
only!” But there is the rub. You want to be the man on the spot with
access to all sources of information, a man with sound judgment who can
forecast developments in the near future, if you are to dabble in Real
Estate without getting your fingers badly burned. Or if you are not the
man on the spot you should know the man on the spot and be thoroughly
convinced that he has the judgment and is straight, or you should deal
only with a company or agency of unblemished reputation—a reputation of
not taking wild-cat risks, but of buying only where there is a
reasonable prospect of increased increment and selling at a fair rate to
customers who will be content with a reasonable profit—the word
“reasonable” to be interpreted in the Canadian sense. With such provisos
there is perhaps no form of investment which will yield such large
profits in so short a time as investments in Canadian Real Estate. It is
gambling, of course, as much as speculation in futures on the Stock
Exchange or the buying and selling of shares in industrial concerns with
rapid vicissitudes is gambling, but after all the Real Estate business
is playing an important part in the economic development of Canada. The
Real Estate men are champion “Boosters,” the most enterprising and
effective publicity men of the towns and districts where the lots lie.
There are plenty of honest Real Estate men who have found that honesty
pays, because clients for whom they have made profits come to them again
and introduce their moneyed friends to them.
Public-domain text, read in full here on John Shaqi.
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