One Year Later: Pandemic Transforms Canadian Luxury Real - Truths

You can undoubtedly hear my voice, that I'm from the United States. What we typically do in the United States, you can do it so much in Canada. It's since the majority of the laws are generally identical, whether it involves residential or commercial property rights, and contract law, and everything in between.

All the things that I'm finding out from Phil, I can do this right here in my own backyard, here in Alberta. Here in British Columbia. Here in Ontario." This is just rough estimate. You get thirty four million in Canada, and you've got about three hundred million in the United States.

U.SVs Canadian Real Estate: Who Won And Who Lost? - HuffPost Canada  Business

When we're focusing on generating inspired seller leads, it is a function of population. You have to have, in my viewpoint, at least in between fifty and a hundred thousand individuals to actually become a very successful on the marketplace area. If you remain in among those northern areas, where there's no people up there, that might be a little bit tough for you to use imaginative realty investing methods.

Some Of White Hot North: Residential Real Estate Investment in Canada

A main, main distinction, and sorry if I offend anyone from the United States when I say this, but one of the main distinctions is, I'm going to call it fiscal responsibility. Americans have developed, in time, a very indifferent level of obligation, as it pertains to finances. We have high levels of foreclosure rates.

Americans do not do a great job of saving cash and paying their costs. They do a really bad job of that, where as Canadians? Canadians are extremely fiscally accountable by contrast. Canadians conserve cash. They pay their bills. They try to avoid debt whenever possible, where as Americans resemble, "More debt, please!"  eXp  means that you're less likely to get any terrific chances in Canada from things like foreclosures or brief sales.

Zillow Canada - Real Estate Listings in Canada

To go even further, initially of all, the method the Canadian banking system works is a lot various. Basically, ninety percent of all mortgages are managed by the 5 major banks in Canada, RBC, Scotiabank, you understand the rest. I have a list right there. I do not understand all 5 off the top of my head.