Category: Ideas + Articles
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5 MILLION EMPTY BEDROOMS – IS THE HOUSING CRISIS REAL?
Despite a hundred thousand people moving into the Greater Toronto Area annually, there’s actually a decline in population in many of the single family neighborhoods in Toronto and many of the cities and towns of the region. The problem has gotten so bad that according to a study in 2017, 48% of schools in Toronto…
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Inflation Rate is on the RISE!
By: Felix Vortsman Unlike the BS posted inflation rates posted by our fearless (aka incompetent) government leaders, real inflation for everything that we need for survival is spiking to dangerous levels. Problem is, people’s wages and incomes are not keeping up. In addition to the list below, cost of housing, whether you’re looking to buy…
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Outside of the Box: April 2021
Monthly minutes Want to know whats happening on the market right now ? Make sure to watch the full video!
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OA Wealth Podcast Ep. #11 Paul Punnoose
In this episode Randall sits down with Paul Punnoose. Paul Punnoose is a teacher and now he is a brandnew full time real estate investor. Paul has completed duplex conversions, flips, wholesales and wholetails. He is now working on growing his rental properties and he will talk more about it on this podcast. So make…
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Canadian Banks Begin Circumventing Mortgage Stress Test
A new mortgage stress test? Don’t bother me with those peasant details. After Canada’s property bubble attracted global criticism, they announced tighter mortgage lending. On April 8, the Office of the Superintendent of Financial Institutions (OSFI) said they would make the stress test harder. By the following Monday, the first bank launched a pilot mortgage…
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MONTHLY MORTGAGE UPDATE – MAY 2021 (EARLY)
Recent mortgage rule changes There had been speculation that the government would act to cool the hot housing market, but the industry saw only modest measures in the April 19 federal budget. A national annual tax on foreign-owned properties that are left vacant or under-occupied was announced, which will take affect in 2022. This will…
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Multifamily is a Hot Commodity for Investors – Here’s Why
As of April 2021, multifamily apartment buildings are experiencing a strong level of demand from investors. With many questioning if this is a blip on the radar or a sustainable trend, I want to break down what drives demand for multifamily apartment buildings from investors. Investor Interest Spikes During the Pandemic We have seen a…
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April Bank of Canada Announcement!
Your Bank of Canada Announcement Your variable rate mortgage, line of credit and/or student loans are all based on the Prime Rate and here is your personal update from us on the recent Bank of Canada announcement. Bank of Canada Maintained Overnight Rate! As of 10AM on April 21st, 2021, the Bank of Canada has maintained…
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THE MONTHLY OUTLINE
The Monthly outline by: Jason Friesen of Outline Financial As another month moves into the rear view mirror, we are left with a trail of new records and continued highs. How long can/will this last? We explore these questions and more (including the potential impact of the proposed OSFI/mortgage changes) in this month’s edition of…
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OA Wealth Podcast Ep. #10 Sandy MacKay
In this episode Randall sits down with Sandy Mackay. Sandy Mackay is the Founder/CEO of MacKay Realty Network. Sandy is an experienced realtor and investor. Sandy has worked on hundreds of real estate transactions since 2011. Sandy is also one of the hosts of Breakthrough Real Estate Investing Podcast. To learn more about wealth and…