2019 will be about bidding wars. Monetary policy is easing. The cost of money will drop unless there is a global economic or environmental disaster. Money will stay cheap to protect stock markets. Government regulation such as the 2% stress test will be reduced or removed to protect provincial and municipal tax collection. Ontario policy
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The heat is back. On January 4th, 2019 Federal Reserve chairman Jerome Powell announced low inflation would allow the Fed to be “patient” in deciding whether to continue raising interest rates… After the DJI Average dropped 20% due to investor fears over raising interest rates it looks like we are headed back to cheap money.
Snagged this 21 unit commercial/residential building for my clients the day it listed. Skilled negotiation tactics combined with a scientific understanding of timing and pressure lead to a price reduction prior to closing. 7% Cap Rate! WHO’s the BOSS?! Tony Danza ain’t got ish on me. Buy and hold it turns to Gold. If you’re