Poloz to blame for high housing prices

Ozzie reported on CKNW  from the Wold Outlook Conference: He blamed Mr. Poloz (Bank of Canada Governor) for high housing prices (talking down our dollar relentlessly and at the same time creating lifetime lows in interest rates). He quoted from from the Outlook Issue at Jurock's Real Estate Insider. He also talked about the Hottest January

By |2019-04-23T08:22:58-07:00February 1st, 2016|Categories: Hot Tip|Tags: , , |0 Comments

Hot Tip: Real Estate Outlook 2016

How will the BAD CHINESE NEWS affect real estate? In our upcoming Outlook issue: 1. Chinese economy slowing, stocks down 20% - we know that Chinese money will flee the currency decline: WE WILL TELL YOU WHAT COMES AND WHERE IT WILL GO 2. Stocks DOWN 20% in China, 9% in Canada everywhere: WE WILL TELL YOU WHY

Chinese (and other) market crashes

1. China had an over-developed real estate market (accounts for around 15% of the Chinese economy). Home prices in China’s major cities crashed in 2013/2014. This put serious pressure on Chinese consumers, since around two-thirds of the typical Chinese family’s wealth is tied to their homes. 2. When housing started going bust, Chinese investors started

Banks to make it harder for investors to get mortgages

1. With our central banker, lowering rates - even planning to go negative - in order to stimulate exports it makes it easier to afford larger and larger mortgages. As a result CMHC will be ordered to tighten rules more and more for investors. It is already dramatically more difficult to get approved for an investment mortgage

Top five towns in Canada

At the World Outlook Financial Conference Ozzie always gives 40 or so best recommendations for the following year. Including but not limited to the 5 Best towns in Canada, BC and Alta and the best 5 with suburbs US for investment ... as well as their suburbs. Also, what will the Americans be buying? Chinese still

Snowbirds study your tax rules!

There is a lot of tight tracking of Canadian citizens visiting the US. The new computer system knows every day that you spend visiting. That has an impact on the rules under which you might have to file a tax return. There is some confusion about how long one can stay before one has to

By |2019-05-29T19:39:02-07:00November 14th, 2015|Categories: Hot Tip|Tags: , , , , , , , , , |0 Comments

Bloomberg calls Vancouver the “costliest city”

At my outlook conferences I stated for 4 years that we had two markets - the very rich and everyone else. 4 YEARS! Now Bloomberg calls Vancouver: North America's Costliest City and says that "Rich Chinese Take the Blame - more and more point fingers at Chinese money"driving prices. Actually when Bloomberg puts it on its front page it

Not losing money is as important as making money

There are of course a lot of ways where we could lose money ... but the big three are: Buying the wrong product Not understanding the system/jurisdiction you are in Buying without subject when you have not sold your current house yet. For instance, if you had bought a regular condo (unlimited personal use) in

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