Ozzie notes the exploding market in Victoria and the condo market in the Fraser Valley and points out the areas & provinces still representing value. More on the implications of the foreign buyers tax and 3 hot properties (12 acre lot with nature pond 89K!)
Freakonomics argues that economics is, at root, the study of incentives. Ozzie and Michael cast a light on Real Estates driving incentives in this world of excessive cumulative regulation, Government intervention & ever increasing taxes.
Real estate is moving in many spots around the globe. You'll never guess where the hottest European real estate market can be found. Where the money is headed. Is there still be an elimination of the tax exemption for a home office?
Ozzie begins with a clarification of existing real estate tax laws vs what you can expect in the upcoming budget. The sleeper area he talks about has arguably the best weather in the west. As usual his two hot properties, ones a cottage.
Since BC raised taxes with a 15% foreign buyers tax, prices shot up 28% in Toronto. Now Toronto is going to bring in a similar foreign buyers tax. Ozzie on where is the foreign money is going to drive up prices now.