If you are a licensee... you know it is worth it.. if you are not.. you have to take a hard look at the statistics.. and get a good agent to demonstrate their value.

A 10% market vacancy may be statistically correct but if you own an eight unit project and turn one unit a month, your turnover vacancy is 12.5% before even talking about market vacancy or tenant default.Go forth and conquer.. experience is life best teacher

http://www.statcan.gc.ca/tables-tableaux/sum-som/l...Canada's average persons per household = 2.5 in 2011. http://www.stats.gov.nl.ca/statistics/Census2011/P...Given the above stats, there appears to be an over supply of building across Canada: 195,000 x 2.5 = 487,500 is the number of people that builder's are currently supplying for, which is ~100K more than population growth.  

Note: I did not write this article, just posting for my BP'rs who are interested in Detroit Market News.Median home prices continued to rise in the majority of metropolitan areas in the second quarter, with the national year-over-year price showing the strongest gain in seven-and-a-half years, according to the latest quarterly report by the National Association of REALTORS®.Despite rising prices and higher mortgage interest rates, a companion breakout of income requirements to buy a median-priced home on a metro area basis shows most buyers remain well positioned to afford a home in their area.The median existing single-family home price increased in 87 percent of measured markets, with 142 out of 163 metropolitan statistical areas (MSAs) showing gains based on closings in the second quarter compared with the second quarter of 2012.

Census and Bureau of Labor Statistics and their forecasts.  

Study something with in demand skills, finance, math, statistics, engineering.

I keep coming across county statistics instead of the individual city statistics.

(Yes - those are actual, gathered statistics!)

Well, I guess they also added platitudes and a contrarian perspective that wasn't helpful (except to their posting statistics).I guess we need to seek others out who seem to have a common thread.

If first trying to decide between Oahu and Maui, I point to this statistic to my clients who are having similar conversations: "Oahu sees 47% of visitation to Hawaii but only 28% of home and vacation rental activity according to JLL’s survey of visitors, which is deemed representative in that Oahu has the most established hotel stock of the islands."