A recent report from one of Canada's largest real estate companies says that rental real estate is their top investment as money will continue to flow into multi-family. Also Ozzie gives his reasons why he likes the US.
Actually CMHC CEO threw grenades at the real estate market. Regulators are to push for higher interest rates, higher down payments, impose more mortgage qualifying restrictions, kill all provincial first time buyer programs and put a cap on the size of mortgages applicants can get.
Ozzie on major moves in real estate that will flow from a Trump Presidency in both the US and Canada. Areas effected by Trump's favoring coal, the military, marijuana, the Keystone Pipeline and infrastructure spending on the plus side. More on the negative side in this interview with Michael.
This is what happens when government doesn't understand markets as sales numbers for Vancouver to October 21st has condo's down 53% & single family homes down 77%! Thank you foreign buyers tax and Canada's Mortgage rule changes. Where to from here for Canada's strongest industry?
Ozzie tracks down the beneficiaries of the flood of cash escaping the Vancouver area with its foreign buyers tax. Certainly one area is benefiting, Calgary, with the big smart money investing there and other places like Grande Prairie.