Mike’s Midweek Comment
Michael explains the implications of the extension of the Nafta renegotiations, The Dow Jones Industrials hitting 117 year highs and Canadian Politicians have chosen a club to beat down skyrocketing real estate prices. Gain Michael Campbell’s insight in this quick 8 minute mid-week update interview.
Politicians who claim their concern for carbon emissions causing climate change must be confused when they line up to ban Uber. Of course its understandable when you realize they are merely protecting the status quo.
Kyle Green of the Green Mortgage team with answers to the effect Mortgage rule changes & the stress test will have on mortgage seekers, including those who are renewing existing mortgages. Kyle also points out a loophole in the Governments strategy.
….also from Mike: Climate Change, Uber & The Status Quo
It’s a joke to say, as the Prime Minister has, that someone earning $150,000, or even $200,000 running a small business with the inherent risks, is rich. Indeed, anyone making over $150,000 is already paying at least 50% of their income to the 3 levels of Government. Now the CRA is going to decide how much family members can make in your business.
….also from Michael: The Battle In Seattle
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This is a Really Bad Idea
Posted by MIchael Campbell
on Thursday, 19 October 2017 16:13
Purposely reducing the value of the vast majority of people’s most valuable asset while trying to slow the most dynamic industry in 7 out of 10 provinces all in the name of creating affordability will not have a happy ending. Yet all three levels of government are doing precisely that. News flash: historically rising asset prices have never been the problem – falling ones are.
….also from Michael: If You Don’t Agree With The Canada Revenue Agency – Tough Luck!