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Carl Gomez is Carmen and Jordan’s very special guest this week. With over twenty years of business experience, Carl is a well-known Canadian economist and respected investment professional specializing in real estate. He discusses what housing affordability looks like across Canada, demographic trends, where investment opportunities may present themselves, and what the future of Canadian real estate looks like. Filled with experience, knowledge, and wisdom, Carl has so much to share with all of us here today. Episode Highlights: · Carl’s start in the industry · His thoughts on the Canadian real estate market and low interest rates · The rental market and its ‘missing middle’ · Comparing Canadian and international housing affordability · Housing affordability drivers and problems · Carl’s predictions regarding Canadian real estate and housing prices · The impact of immigration on the real estate market · His perspective on buying real estate in Ontario Quotes: “There’s supply and demand factors that are really driving the housing market right now.” “All those people coming to Canada really want that Canadian dream of home ownership.” “Interest rates have really come down over the last 30 years.” “It is so tough to find income property today.” “I think the reality is we’re going to continue to see these rates very low for a long period of time.” “As people look at the housing market, and they’re priced out of the market, it pushes them into the rental market.” “There’s a lot of older rental buildings out there that are not functional for a lot of people.” “I think the real trick with it is to build the right product for the right people.” “One of the things I am concerned about is growing imbalances or bubbles.” “It’s much more stable than, you know, a lot of other investments.” Links: 30 Minutes to Wealth homepage: https://www.30minutestowealth.com/
Carl Gomez is Carmen and Jordan’s very special guest this week. With over twenty years of business experience, Carl is a well-known Canadian economist and respected investment professional specializing in real estate. He discusses what housing affordability looks like across Canada, demographic trends, where investment opportunities may present themselves, and what the future of Canadian real estate looks like. Filled with experience, knowledge, and wisdom, Carl has so much to share with all of us here today. Episode Highlights: · Carl’s start in the industry · His thoughts on the Canadian real estate market and low interest rates · The rental market and its ‘missing middle’ · Comparing Canadian and international housing affordability · Housing affordability drivers and problems · Carl’s predictions regarding Canadian real estate and housing prices · The impact of immigration on the real estate market · His perspective on buying real estate in Ontario Quotes: “There’s supply and demand factors that are really driving the housing market right now.” “All those people coming to Canada really want that Canadian dream of home ownership.” “Interest rates have really come down over the last 30 years.” “It is so tough to find income property today.” “I think the reality is we’re going to continue to see these rates very low for a long period of time.” “As people look at the housing market, and they’re priced out of the market, it pushes them into the rental market.” “There’s a lot of older rental buildings out there that are not functional for a lot of people.” “I think the real trick with it is to build the right product for the right people.” “One of the things I am concerned about is growing imbalances or bubbles.” “It’s much more stable than, you know, a lot of other investments.” Links: 30 Minutes to Wealth homepage: https://www.30minutestowealth.com/
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