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
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
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
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
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
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
This article has been updated with new information, see Snowbirds study your tax rules!
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
Credit reports need to be checked at least once a year. Your beacon score determines the interest rate you pay and the best deal you can get. You get it FREE (by mail) at Equifax and / or Transunion. More details at www.factsbyemail.com
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
Coming soon
February 19, 2024 “Politics is the art of looking for trouble, finding it everywhere, diagnosing it incorrectly, and applying the wrong remedies, and get re-elected" – Groucho Marx RealEstateTalks Video: EXCLUSIVE: Kyle Green - Ace Broker
Ozzie Chats Canadian rates from Toronto to Vancouver. "Unlocking Dreams Together: Journey with VERICO, Where Top Mortgage Experts Unite to Shape Canadian Futures Since 2005! Over $20 Billion Empowering 35,000+ Families Annually. A
Ozzie answers questions: Rates, markets, Capital Gain exemptions, Hard asset inflation. Ozzie Jurock (FRI), author of 'Forget About Location, Location, Location', 'What, When, Where, and How to Buy Real Estate in Canada',
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