E#294 - What The Government Just Did!
Episode description
The government has started making changes to bandaid the current situation in the Vancouver Real Estate Market as we come closer and closer to election season.. Their claim that they will build 4 million homes (1 home / minute) across the country is a tall order. Specifically within the current interest rate environment. Yes, rates are dropping... But is hasn't been fast enough YET to really stimulate buyers off the fence & developers to start building again at mass. So to stay true to the current (housing shortage) narrative the government has now taken the borrowing side of the equation into the spotlight and is basically creating these measures to add easier liquidity to the buying side of the market... Will it work?
Debt loads will be larger onto of an already debt ridden society. Specifically after these tough past few years... We will see if this is the first step of a true market turn around where buyers are needed in an inventory rich market.
thank you for your attention and stay tuned to what happens next is the wacky world of the Vancouver real estate Market! ha
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Jay McInnes
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