«If this foreign money is spent with an investment thesis that has
little to do with rental
income or future appreciation then these investors don't care if they purchase a $ 1 million property in Vancouver or five properties in St.
John's, Newfoundland worth $ 1 million.
According to
John Winters, a wealth adviser at Morgan Stanley Smith Barney, he recommended all his clients to consider refinancing their mortgages, especially those who find it hard to live with
little returns on CDs and bonds that have low interest because it can free up monthly
income.