Posted Nov 8, 2023, 10:51 PM
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Registered User
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Join Date: Apr 2017
Posts: 22
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There are so many global balls in there air right now that can have real impacts here locally.
- worldwide economic slowdown
- the rise in global tensions both economically and politically
- the implosion of China's real estate sector and the massive debt held Chinese RE firms. Will they be able to successfully restructure?
- another pandemic or emergence of a highly virulent form of COVID 19
Additionally, future policy here in Canada could have major impacts:
- Canada's immigration policy and policies surrounding property purchasing (e.g. removal of moratorium on Foreign Buyers, AirBnB, rentals, etc.).
- CoV's move towards higher density neighbourhoods and streamlining of zoning and the development process
- rising labour and materials costs
- changes to how capital gains is calculated on investment properties or, applying capital gains to primary properties. This wouldn't go over well, but if Alberta opted out of the CPP, I wouldn't be surprised if this was at least floated.
There's no crystal ball and you can only make the best-informed decisions at the time, so as much as we can analyze and over analyze, one might be best to flip a coin!
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