Search
  • demitryomrin

FEDERAL BUDGET & REAL ESTATE MARKET

There was considerable anticipation leading up to yesterdays Federal budget unveiling. Many expected that the Fed's would resort to some invasive measures in light of the red hot real estate market. Aside from a vacant property tax aimed at foreign buyers there was not much else that could be construed as an intervention. However, the overall economy is growing at a faster pace than expected. Therefore, if the Bank of Canada thinks the current economic stimulus is not required to the degree it is in place, we could see a modest upward pitch in interest rates sooner rather than later. #recg #commercialvaluations #boc #federalbudget #realestate



https://financialpost.com/news/economy/trudeau-governments-federal-budget-enters-housing-fray-with-tax-on-foreign-owners



1 view0 comments

Recent Posts

See All

MARKET UPDATE:

It seems the latest on the residential market just in is that there are less bidding wars and frantic buying as was the case not long ago. Have not seen this manifest into lower valuations as of yet

SELLERS ARE BUYERS & BUYERS ARE SELLERS

There has been much talk as of late about interest rate trends. Interest rates have been temporarily and unrealistically low due to the impact of the pandemic. This has caused a frenzy among both sel

GOOD LOCATIONS ARE GOOD LOCATIONS

COVID has been often referred to as an "accelerator". It would be an understatement to say that is the case in the world of retail. Shoppers transitioned overnight from in person purchases to online