Hot Properties
Michael and Ozzie have felt that it was wrong for Government to make real estate rules and policies on the basis of only two Canadian markets, Vancouver and Toronto. Now they have the numbers that are going to make a lot of potential real estate purchasers very, very unhappy.
….also from Mike: Free Trade Fumbles
Its shocking that Union elites in the BCTF who are in charge of teaching our children have so little respect for research and instead opt for completely outdated ideaology. A recent World Bank reports says that countries that have the greatest trade freedom have higher per capita incomes, greater food security and cleaner environments. Wouldn’t it be preferable if Teachers taught those kind of facts instead of ideology?
….related from Michael: BC Message to Investors “Don’t Invest In BC”
Victor is sensing the complacency we’ve seen across the assert classes has changed. The Dow swung 400 points on two separate days and the Canadian dollar boomed on an unemployment number, indicating increasing volatility going forward.
….also from Michael: One of the Greats in the Business, Mark Leibovit Tells Us “What’s Next”
Its not progressive to push the same policies for the 3 or 4 decades, especially those in economics and finance that haven’t worked at all. More taxation, more bureaucracy, more regulation has been a failure everywhere its been tried.
….also from Michael: An Environmentally Unfriendly Bitcoin Shocking Stat
Why The BOC Didn’t Raise Rates Yesterday
Posted by Michael Campbell
on Thursday, 7 December 2017 13:58
The Bank of Canada decided not to raise interest rates yesterday. One of the main reasons is they want to see the market’s reaction to the new mortgage rules which includes a stress test. The stress test coming this January 1st determines whether you can pay a mortgage that is 2% higher than the current posted interest rate. But don’t be fooled…..
….related from Mike and Ozzie Jurock: Uh Oh – Government’s Manipulated Real Estate Market