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Non-Tech : Investing in Real Estate - Creative Opportunities
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To: John Vosilla who wrote (2552)8/1/2016 12:10:20 PM
From: Riskmgmt1 Recommendation

Recommended By
MulhollandDrive

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This post is an indication of what is happening in many big cities across the globe.

To: Logain Ablar who wrote (52545)7/31/2016 9:23:53 PM
From: Johnny Canuck Read Replies (1) of 52551
It is a crazy market here right now. A lot in the immigrant working class neighborhood I grew up in is $1.4 million for a knock down house.

A government agency is forcing the banks to model their capital requirements for a 50% correction in the Vancouver market and a 40% in the Toronto market. Now that the numbers are out there it sets a target if there is a correction due to weakness in other economies requiring them to bring capital home to cover debts like during the Japanese weakening of the economy in the late 80's.

The provincial government just imposed a 15% transfer tax on any foreign purchasers.
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