Quote:
Originally Posted by Timpo
You mean Trump will decrease the value of BC Real Estate?
I'm confused now, a lot of people and media have been saying that Trump will increase the value of BC Real Estate because so many Americans will move to Canada.
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Trump and the Republicans will most likely make America business friendly again by reducing taxes and deregulating the financial sector. It'll make America that much more desirable hence more foreign capital heading down south compared to Canada.
And it speaks volumes about our RE market when people are pinning hopes on foreigners to maintain our house prices and not locals. Like I said before, the good times are over and you'll see prices fall even more once rates start going up. The only positive is it'll probably be a good time to buy if you have the cash and if you can qualify which is another topic.