Join us on this episode as we dive into an insightful discussion with Patrick Francey, CEO of the Real Estate Investment Network (REIN), renowned Canadian real estate investor, business owner, educator, and coach. With over 40 years of experience, Patrick is a luminary in real estate investment education and personal and professional development. His journey from humble beginnings to a celebrated Canadian-based real estate investor and speaker is truly inspiring.
In this episode, Patrick shares his unparalleled insights into the current and future landscape of the Canadian real estate market. We explore the dramatic changes over the last two years, including higher interest rates, new taxes, the foreign buyer ban, and the impact on short-term rentals like AirBnB. Patrick offers his perspective on how these changes affect rental housing providers and the real estate investment landscape.
We delve into the implications of new legislative changes in BC, specifically the Multi Plex Plan, and how investors and homeowners can benefit from these changes. Patrick weighs in on the importance of macroeconomic trends versus site-specific microeconomic trends in real estate investing.
The discussion also covers the potential opportunities arising from the recent immigration surge, including micro units and modular homes. We look at local areas outside of Vancouver, like Langley, Surrey, and Port Moody, and their potential for future investment. Patrick gives his take on the viability of investing in high-priced areas like Downtown Vancouver and shares his insights on the Alberta real estate market, particularly Calgary's recent growth.
We also compare Residential Tenancy Branch rules across provinces like BC, ONT, and AB, and Patrick imparts the unwavering principles he's learned in his four decades of real estate investing.
Finally, Patrick introduces the audience to REIN and how it aids investors of all levels, from novices to seasoned veterans with extensive portfolios.
Don't miss Patrick's valuable insights and join us for this enlightening conversation.
For more wisdom from Patrick, tune into his "Everyday Millionaire Podcast."
www.reincanada.com
www.instagram.com/pfrancey
www.youtube.com/@mindsetmatters23
https://www.linkedin.com/in/pfrancey
🏡🔑💼 #PatrickFrancey #RealEstateInvesting #REIN #CanadianRealEstate #InvestmentInsights #TVLPodcast #EverydayMillionairePodcast
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