Latest / The Flow: Real Estate and Money Show
The Canadian Gov't just bailed out Developers (and what it means for you)
Last week Carney and Eby committed up to $3.2 billion to buy 2,200+ empty Vancouver condos and stop prices from falling. I'm a BC mortgage broker, and I walk through what the money actually does, who it helps and who gets nothing, how we've done this before, the immigration and rate cuts that really caused the glut, where prices could go through 2028, and whether you should be buying right now.
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The skinny
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