Ozzie Jurock first covers the 2016 year end real estate numbers, the big story being Toronto up powerfully. Victoria, Vancouver and other cities in BC have seen sharp decreases in single family homes, though increases in condo sales.
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.