What is real estate? To many people, that question can be a mystery. The truth is real estate is one of the oldest and most important professions in history.
Consider this, from the beginning of time, even from the time of Abraham and Jacob, people wanted land. In the case of Abraham, it was the promised land. For every generation after that, the importance of land never diminished in value. Furthermore, the ways to buy this land has been transformed by modern technology like never before.
In the old times, there used to be individual professionals who would know the land that was available for sale, and when a buyer comes along, they would tell them about that piece of land. Nowadays, those people are the real estate agents. They play an important role because they connect the buyer and the seller.
In Toronto, the real estate market has been very hot for the past few years. House prices have increased more than double over the last ten years. That has created a large market for real estate experts to come in and fill the need for the buyers as well as the sellers.
So how has real estate differed today in cities such as Toronto and Ottawa? Well, the introduction of the internet has caused many of the listings to go online. Real estate agents use the internet to find prospective customers and then they use the net to find a suitable house for those customers.
Regardless of what happens in the future, the land will always be in demand. It is after all, a finite resource.