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Is a massive discount on a home ever actually a good deal? This week, Alex Pang and a returning Alex Shanks break down a terrifying local real estate case study where a townhouse listed $300,000 below assessment was hiding a massive, undisclosed mold and water damage secret. Before getting into the local market hazards, the guys unpack the macroeconomic turbulence hitting Canadians, including the Bank of Canada’s recent hike to 2.5%, the real impact of the foreign buyer ban extension, and the economic ripple effects of the recent BC and US elections.
In this episode:
The BoC rate hike and fixed rate forecasts
Immigration targets and the foreign buyer ban extension
BC & US Election economic fallout
Real Estate Case Study: Why cheap real estate can bankrupt you
Navigating wildfire insurance clauses in BC
This is not meant to be financial advice, consult a licensed professional etc
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