Mike’s Midweek Comment
Michael starts this weeks Mid-Week Update with the latest real estate numbers and the factors that are effecting the latest weak numbers. Then its the Fiscal Update, deficits are horrible and no where near election forecasts. Government controls the economy? If so they are doing a bad job. Then its the latest on the US Election and the effects on the Markets.
…last week Michael on: Vancouver’s Hot Real Estate Market Not Finished Yet!
……and that suits the present political elite just fine. It’s allowed them to slip through the new CHMC mortage rules that will effect affordability dramatically. Then there’s the “enhanced” Canada Pension Plan. Very very few understand the financial obligations our Millennials are set to shoulder. Infrastructure spending…again, its the millennials who’ll pay for that. For the political realm its really just fine there’s no rioting in the streets…..yet.
…also from Michael: Do Government’s Really Want Affordable Housing?
Talk of affordable housing is cheap – but paying all the government related costs for new condos and houses is certainly not. New green levies, property purchase tax, development fees and the new mortgage rules are all forcing people looking to enter the market significantly higher.
Michael asks Kyle Green, President of the Green mortgage team for his Big Fat Idea in real estate. What is it? This week its buy commercial real estate!
….related, don’t miss Ozzie: Hot Properties: New Numbers Plus Cost of Going Green
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Fiscal Update: Canada is Doing Better Than Italians
Posted by Michael Campbell
on Wednesday, 2 November 2016 14:21
Now that is damning with faint praise. Meanwhile government blows 135 million supporting talk shows. Perhaps there is a connection between economic underperformance and government intervention in so much of the economy? Talk shows? Brace yourself Canadians for the next round of “infrastructure spending”.
…also, Michael on: Millennials Are Economically & Financially Illiterate…