Real estate for the long-term with Garth Turner and Rob Carrick

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Uploaded by on Jan 14, 2010

Garth Turner, financial journalist, and Rob Carrick discuss real estate for the long-term.
* How much of your net-worth should you have in real estate?
* When do you think the Canadian housing market will crash?

The Investor Education Fund is pleased to be cosponsoring this video series with the Globe and Mail called "Lets Talk Investing." The series is hosted by renowned Globe and Mail columnist Rob Carrick and features prominent Canadian financial experts discussing topics that are relevant to investors.

http://www.getsmarteraboutmoney.ca/managing-your-money/investing/real-estate/...

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  • I hope Garth is right. Maybe then I'll be able to afford a house.

  • i want to be a vulture

  • Garth is right on the money. Canadians have not received a real wage increase in 30 years, yet houses have gone up 6 times in value during the same period. Why? Low interest rates.  The bond market is fearing higher inflation and the long term bond rate will startto go up. Plus, the big banks are request Ottawa to lower the maximum amortization period and increase the amount needed for a down payment. These actions all translate to a lower housing market.

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