It looks like the foreign buyers tax has put the breaks on Chinese buying in vancouver - but the big question is where will the money go now. Ozzie on some of the actual numbers in reaction to the foreign buyers tax. Also this weeks "Hot Properties".
Victor asks Ozzie to explain his recent newsletter 4 Reasons headline in the title above. Also about the "moral" and "ethically" wrong BC tax on real estate as well as the recent numbers on Vancouver real estate.
Michael asks Ozzie to bring up to date on the sudden collapse of the Vancouver real estate sales numbers, asking whether this is a violent bear market or a mere correction in an outstanding bullish trend. Ozzie also updates us on the opportunities south of the border where real estate is attractive.
...also, Victor Adair on need to Brace Yourself for a significant decline in the Stock Market
When we say volumes are down - think elevator falling from the 102nd floor down. Ozzie talks about what will turn this from a summer slowdown to a major route - and all the nasty problems that comes with it.