It's been a busy week!
Last week, we sent a teaser out that our podcast with Danielle Chaisson on the "Let's Get Real Estate Podcast" was going live... and here it is! We talked about the importance of building out multiple streams of income and how it isn't necessary to scale super fast. Success can be found slow and steady as well.
We attended a "Your Life Your Terms" event in Mississauga this weekend. As you can see from the somewhat fuzzy photo above, Ontario's housing plan of building 1.5 million new homes in 10 years is way off track. To be fair, it isn't all the Ontario government's fault. External circumstances such as a slowdown in construction brought on by rate hikes, federal immigration targets, and pushback on the (albeit flawed) green belt plan will only punt the housing shortfall down the road.
Despite all this, the housing market is slowing, and prices are suppressed. Supply and demand won't play as big a factor in the short-term prices until rates begin to decrease. That is why we must take a long-term view of the underlying forces behind market moves. Affordability simply isn't going to be solved anytime soon without significant regulatory changes.
How long will rates stay high? No one really knows the answer to that question; however, one thing is becoming clear. Central banks need to get inflation under control (so our currency doesn't just deflate away), but they also need to have interest rates lower than the rate of inflation, or government budgetary shortfalls will balloon out of control.
What does that mean for you and me? Keep cash on hand so you're able to weather the storms, keep savings in a hard currency like gold or bitcoin, and own assets like (responsibly) leveraged real estate and cash-flowing small businesses.
Have questions about your portfolio or want an outside opinion? Please select the button provided below, and I will schedule a free half-hour call with you to go over your situation! Talking to the right people can really save you money. I really believe that this is the time to expand your network and learn from those around you. I'll be in touch!
I'd love to hear your thoughts on this! Have a great week while working past those obstacles on your climb to success. Let's Grow Together!
Real Estate Investor and Entrepreneur
Jonathan Beam is a real estate investor in the Niagara region who is passionate about helping you achieve financial freedom through real estate. He works with new and experienced investors to formulate a plan that fits your specific situation and provides market guidance and consultation on the best places and strategies to pursue within the Niagara Region. Book a free, half hour no obligation consultation to see how he can help you to achieve your goals. His travels are available at www.realestateandrepeat.com
For a free market analysis on 2 markets within the Niagara region that we are currently investing in, please visit the home page and fill in the contact form at the bottom for your free report!