The Truth About Real Estate Investing... For Canadians

I’m back!! My family and I landed back in Canada 12 hours ago after a two week vacation in Hong Kong to witness the marriage of my brother in law Vick to his lovely bride Kitty.  Hong Kong in the real estate world is known as the least affordable real estate in the world and as a real estate nerd, it was fascinating to me to be able to witness it first hand. I know Hong Kong is not Canada but as a real estate nerd, I’m always interested in how real estate markets behave, both for sale and rent for ideas how my tribe and I may too invest to capitalize.  For many of you listeners, you may recall the massive influx of Chinese immigrants from Hong Kong in the 90’s and today it’s more the mandarin speaking folks. I hear it all the time from my friends in Vancouver and around Toronto. If you’ve spent any time in China like Hong Kong you’ll understand why and it starts with prices.  The condo I stayed at, only a few years old, on the suburban, terminal end of the train line to the north East.  The GTA equivalent, th