Playing Defense in the coming slowdown - Housing

[hanera]

@harriet

Actually Canada came to mind if Huawei is really going to drag down RE there. Tell me more about your Vancouver trip Yoda. I did some research on Canadian mortgages several years

20% duty of purchase price is pretty steep

@hanera

Just checking viability for rental investment and verifying whether it is as beautiful as what articles said. So far, is not as prosperous and cosmopolitan as Hong Kong and Singapore.

Issues for foreigners. 20% duty. Income tax on gross rental. Rent controlled. Max rent increase 2% + general inflation. Very low property tax and capital gain tax. No depreciation. Gross yield 3-4%, cap rate could be pretty low, didn’t compute yet. Currently is a buyers market because of trump tariff, tightening of credit and seasonal reason.