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Have interest rates peaked in Canada? Investors say yes!!
Have interest rate hikes peaked in Canada? Well, investors seem to think so. On Thursday, the TSX was up over 500 points with a Moody’s ‘consensus view’ that there will be no more rate hikes. I am now firmly in this camp as well.
What a difference a week makes. On October 25th, many were bracing for yet another interest rate hike, and today that fear has vaporized as institutional investors are fleeing the Canadian currency and bonds, with the dollar down 5%, and the Bank of Canada 5 year bond falling over 11% in one month.
What does this all mean for real estate investors?
For investors in apartment buildings in particular, there has simply never been a better time to enter the market, especially in Alberta. Demand and rents are up sharply, combined with a large influx of migration, and more people renting due to high housing costs – is a perfect storm for investors.
And..prices have not yet picked up steam as rates are poised to hold, and most likely even fall as we head into 2024. My cash flows are up over 20% this year, and I’m still betting on at least $300 of rental upside in the next 24 months alone!
Senior multifamily veterans are diving in right now, and I have just placed the largest offer of my 23-year investment career, and am planning more purchases today.
But there is a lot of confusion and myths out there – and recent changes.
There have been more changes to multifamily investing in the last 12 months than there have been in the last 20 years. The GOOD news is that it has never been easier for new multifamily investors to get their first apartment block – provided you know how to underwrite deals properly in today’s marketplace.
Join me on Thursday, November 23rd at 5pm PT as I dive deep into multifamily underwriting and provide you with enough solid information to confidently do your next deal, and most likely many deals!
Register HERE:https://us02web.zoom.us/meeting/register/tZUqf–vqjIoGtIhaVTOGZdXAQgk-WYlqBJn?lid=6#/registration
If you are new to multifamily investing, the benefits are enormous, with 9 profit centers alone, and the largest being the multiplier effect of increasing value quickly. <em style=”background-color: var(–bb-content-background-color); font-family: inherit; font-size: inherit; color: var(–bb-body-text-color);”>A $100 rent increase alone on a 24 unit building yields over $500K.
A few other fun facts about apartment building investing:
- Nearly ALL high net worth individuals own some sort of multifamily product.
- It is actually EASIER to qualify to buy a building than a house!
- Sellers today are motivated by high debt, and will often do creative deals.
- Multifamily investing is not ‘difficult’ or ‘reserved’ for the wealthy.
Those that put their fears aside and take the plunge see their holdings expand exponentially when they scale up to bigger and bigger blocks, and the sooner you start the better!
What I guarantee you will hear in the Masterclass is my honest, no filter opinion on underwriting deals, for you to gain the clarity and confidence to invest.
CMHC has made MAJOR policy changes in the past few years, with a major change just last month that has dramatically impacted multifamily investing as we know it today – Join me on the 23rd as I break it all down, and then some!
us02web.zoom.us
Multifamily Investing in 2023 has CHANGED DRAMATICALLY. Learn how to underwrite deals LIKE A PRO - With everything you need to know heading into 2024. Get a jump start on the competition and learn: * Which critical metrics to use, … Continue reading
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