Bank of Canada hikes rate to 4.75% - Apartment building owners rejoice!

The Bank of Canada Shocked Canadians with yet another rate hike bringing the overnight rate up to 4.75% and RBC Prime lending rate to 6.95 - The highest since 2001. What does it all mean?

Learn how to maximize profits in Multifamily Investing HERE: https://www.6pillarsmultifamily.com/

We break this all down and more in this short 30 minute video - The bottom line, Multifamily Assets will be the outperforming asset class in 2023 and beyond - Invest today!

Show Notes:

00:00 Introduction - What just happened? The March 2023 pundits were dead wrong.

3:00 Who is affected and how, and why multifamily owners will benefit the most.

3:55 Optics. Which is the worse of two headlines? The overleveraged homeowner vs. the single mother renter who can't afford groceries - Reining in inflation will be the goal no matter what.

5:40 False belief that rates will drop - This will not happen and more hikes likely to come.

6:13 The Past - My first mortgage was 8%, and 5.5% rates were considered LOW. The last major housing correction in Canada occurred from 1989 to 1996.

9:28 What is inflation when referring to housing?

11:38 Massive 17% housing price rebound in 2023. Why?

13:50 Housing affordability vs. price. RBC believes affordability will improve. Rent vs. Buy.

16:50 Renters - how they are affected. Rent control and politics, who wins and who loses.

19:50 Multifamily investors, why there is $400 in upside in Alberta, which translates to $80,000 per door value add in the next 24 months - why you MUST invest in multifamily assets now.

21:10 Why Alberta? Rents still remain below 2014, and the rest of the country rents are almost certain to continue rising. How single family investors are affected by rate hikes.

26:25 Wrap-up - how multifamily investing has changed. What you need to know to invest with confidence in the next 24 months and how to invest with us on one of our deals.

Please reach out for more information and happy investing!

Cory and Mike


Did you miss our previous article...
https://trendinginrealestate.com/multifamily-investing/top-5-amateur-investor-mistakes-to-avoid-when-buying-your-first-duplex-triplex-or-fourplex