The Canadian Real Estate Show
Disaster coming with Mortgage Renewals Interest rate hell Rate cuts soon? Canadians are mad Real Estate
May 5, 2024
Expert Ron Butler discusses the looming disaster of mortgage renewals, interest rate fluctuations, Canadians' discontent with the real estate market, and the potential for rate cuts. Topics include bull and bear markets, mortgage fraud, the impact of Bill 23, and navigating economic uncertainty in real estate development and financing.
59:51
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Quick takeaways
- Sell properties if highly leveraged to avoid negative equity and negative cash flow.
- Introducing apprenticeships in high school can help bridge the labor shortage in the construction industry.
Deep dives
Dealing with Financial Struggles
For those facing financial difficulties, the advice is to sell properties if highly leveraged to avoid negative equity and negative cash flow. Taking proactive steps like reaching out to lenders before missing payments and discussing alternative payment plans is crucial.
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