
Tax Reforms, Global Challenges, and Lessons from the Sun Belt for Canadian Real Estate
In this episode, Sandy MacKay begins with an introduction and opening remarks, setting the stage for a discussion on recent tax reforms aimed at attracting foreign investment in real estate. He examines Prime Minister Mark Carney's global efforts and the challenges faced in rental investments. Sandy then shifts focus to insights from the Sun Belt region, referencing key findings from the Yardi Matrix report. He discusses the decline in construction and draws lessons for the Canadian market. The episode wraps up with Sandy's closing remarks, reflecting on the topics covered and expressing appreciation to the listeners.
Key Points
- Tax reforms could attract more foreign investment to Canada's multifamily real estate market by reducing withholding taxes on income earned by foreign investors. Coordinated efforts between federal, provincial, and municipal governments are crucial to effectively addressing Canada's affordable housing crisis. The Sun Belt region in the U.S. is experiencing a decline in rental rates due to an oversupply of new housing, offering valuable lessons for Canadian multifamily developments.
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Transcript
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