Not exact matches
The house - price bubble, combined with record levels of household
debt, represent the biggest threat facing the
Canadian economy; the sooner
real -
estate markets mellow and
Canadians lower their
debt burdens, the better.
Pretty much from his first statements as governor in 2013 — that's about $ 100,000 ago in
real estate appreciation terms — through to last week when the bank released its latest financial system review, Poloz has walked a tightrope between admitting that elevated house prices and
debt levels pose a risk to the economy, and assuring
Canadians that the likelihood of a crash is actually pretty low.
For the past few years, the Finance Minister has been trying to prevent
Canadian house prices and consumer
debts from rising too quickly — without causing a major slump in the
real estate market that would hurt the economy.
OTTAWA — The Royal Bank says
Canadians have been slowing down the amount of
debt they are taking on to buy
real estate, easing concerns about household vulnerability.
The Development Finance Group services the
Canadian real estate development market specializing in
real estate debt and equity capital origination and loan / investment management.
Let's kind of break this down and for people who are new to this, he's referring to a podcast I did with Hilliard MacBeth who wrote the book, When the Bubble Bursts Surviving the
Canadian Real Estate Crash and that show number 89 of our
Debt Free in 30 podcast which was broadcast back in May of 2014.
It also predicted the recent tightening of financing rules for
real estate would help slow the continued rise in
Canadian household
debt.
Rechtshaffen's portfolios typically have 20 %
Canadian equities and 20 % in alternative assets (mostly private
debt, but could include infrastructure assets and
real estate).
While
debt remains a major cause of concern, there is a widespread opinion that
Canadian real estate is a good long term investment.
«Many
Canadians have to go into
debt to subsidize their living,» said Bruce Joseph, a Barrie, Ont., mortgage broker who consults on the
Canadian real estate market for investment fund managers.
For some
Canadians who struggle with
debt, the problem can be traced back to
real estate.
Notable mandates: Acted for Soltoro Ltd. in connection with its successful disposition by plan of arrangement to Agnico Eagle Mines Ltd.; co-counsel for Trillium Motor World Ltd. in class action against General Motors of Canada Ltd. and Cassels Brock & Blackwell LLP; acted for
Canadian Solar Inc. in connection with raising an aggregate of US$ 50 million in equity and US$ 100 million in
debt financing for acquisition financing and working capital purposes; external counsel to the Regional Municipality of York, providing a wide range of municipal,
real estate, expropriation, litigation, and commercial law advice and services; counsel to minority shareholder of a Nevis LLC worth more than US$ 500 million with respect to a claim for relief from unfair prejudice in litigation in Nevis and the Commercial Division of the Eastern Caribbean Supreme Court in British Virgin Islands, and in contemporaneous related actions in Belize and the United States.
It's the high consumer
debt load that will eventually bring
real estate and the
Canadian economy in general down on its knees.
The Development Finance Group services the
Canadian real estate development market specializing in
real estate debt and equity capital origination and loan / investment management.
Arychuk's career in commercial
real estate debt and equity extends 30 years, beginning in the mid-1970s in the trust industry and encompassing the
Canadian mortgage operations of Aetna Life, CIBC Mortgages, Credit Suisse and two private mortgage brokerage firms.
«According to data collected by the
Canadian Real Estate Association, the ongoing housing boom is increasingly funded by mortgage
debt that's not coming from Canada's highly regulated banks.