Mike's Daily Comment
Vancouver real estate peaked in April and has cratered since while Toronto market continues its blistering advance. Toronto may well be a beneficiary of BC’s Foreign Buyers tax. Michael on all the ins and outs of real estate in Canada including the new mortgage rules. Surprising how many housing buyers the new rules put on the sidelines
….related: Oh, Oh, The Latest Vancouver Real Estate Numbers
….at least on trade they do. The Canadian supporters of anti-free trade policies are the NDP and organized labour. Meanwhile Hillary Clinton has changed from being for to being against free trade.
…also: New mortgage rule changes and what they mean for you
The Federal Governments attempt to cool real estate markets when the IMF became the latest to downgrade Canada’s growth prospects is typical. Governments just love buying at the top or selling at the bottom!
…don’t miss: Greg Weldon: Trump, The Fed and Gold
The new mortgage rules put in place by the Federal Government have the potential to cripple the real estate industry Canada wide. The timing couldn’t be worse as BC’s new tax has triggered a serious slowdown in Vancouver real estate.
…related: Oh, Oh, The Latest Vancouver Real Estate Numbers
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A sane voice in a scrambled investment world.
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Time To Recognize The Costs vs The Benefits
Posted by Michael Campbell
on Friday, 7 October 2016 13:57
Climate extremists have somehow taken over the debate in Canada allowing laws already made to tax citizens billions of dollars despite that there will be no changes of significance, or no reasonable, measurable gains
…also: Canada’s Progressive Left Support Donald Trump…..