The CBC has uncovered the BoC’s recession toolkit, and it looks promising for us real estate investors.
This document is the Bank of Canada’s plan in the event of a coming recession. The “secret memo” highlights more quantitative easing (money printing), interest rate reductions (even negative rates) and monetary stimulus to businesses/families (think UBI.).
All of which leads to increased purchasing power in the market and increased value of hard assets.
Here is real estate legend, Tom Karadza giving his take in his Rockstar Minute: