Multifamily Real Estate Insights Podcast
The Real Estate Multifamily Insights Podcast is your trusted source for news, strategies, expert interviews, and actionable tips to grow your wealth through multifamily real estate, in Canada and beyond. Hosted by seasoned investor Sandy Mackay.
This Week’s Top Stories: Canadian Real Estate Drags GDP & Recession Possibility Surges
Sandy MacKay provides updates on the Canadian real estate market and economic outlook, with a focus on Alberta's resilience and its implications for the multifamily sector. The episode discusses the province's economic strengths and how they affect multifamily real estate. Sandy emphasizes the importance of maintaining optimism and adaptability in navigating the multifamily market. The episode concludes with closing remarks and a sign-off, expressing gratitude to the listeners.
Key Points
- Canada's population growth is outpacing its economic growth, leading to a decline in GDP per capita and uneven impacts across provinces.
- The Bank of Canada's recent survey indicates a rising probability of a recession within the next twelve months, with interest rates expected to remain above two percent.
- Alberta's ability to attract young workers in their peak earning and spending years is a promising development for its economic outlook, offering opportunities for multifamily real estate investors.
Chapters
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Transcript
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