Rising Mortgage Rates, Foreign Investments, and First Capital REIT's Transformation

In this episode, Sandy MacKay discusses the effects of rising mortgage rates on Canadian homebuyers, delving into the Bank of Canada's rate outlook and the resulting housing affordability challenges. The episode features a sponsor segment from Meyka, highlighting their AI-powered financial planning services. Sandy examines the surge in foreign investment and the growing demand for Canadian corporate debt, alongside a preference for US dollar debt and its implications for the Bank of Canada. The conversation shifts to First Capital REIT’s business reorganization and its anticipated benefits, followed by a look at trends in corporate streamlining operations. Sandy concludes with closing remarks and a preview of the next episode.