What is Jeff Bezos’ Latest Venture in the Mortgage Industry?

May 24, 2024

On this week’s episode of the Make Money Count podcast, Marcus and Justin discuss Jeff Bezos’s family office, Bezos Expeditions, and their significant investments in the mortgage market. They also review the latest Consumer Price Index numbers and how they may impact interest rates in June. Join us as we explore these and other key financial updates!

This Episode Highlights:


Jeff Bezos Family Office Investing in Mortgages

Bezos Expeditions, Jeff Bezos’s family office, is making significant investments in the mortgage market. Will they invest in Cannect MIC?

CPI Numbers and Bank of Canada Rate Predictions

The latest CPI numbers show inflation cooling to 2.7%. The Bank of Canada thinks there is a 49% chance interest rates will drop. However, Marcus and Justin think the market is getting ahead of itself and that we should expect a drop in July.

Real Estate Market Trends

Real estate prices are expected to drop due to low demand, high listings, and elevated interest rates.

Tenant Issues in Ontario

Landlords and investors in Ontario face significant challenges with tenants who are not paying rent and refusing to evacuate properties. We discuss some notable cases.

Capital Gains Tax Increase

Justin Trudeau’s proposal to increase the capital gains tax could drive wealthy individuals to move their money out of Canada.

First-Time Home Buyers Stimulus

First-time home buyers can now get 30-year amortization on insured mortgages when purchasing new construction. This could stimulate the pre-construction market, although it may not have a significant overall effect given the current cheap land prices.

To hear more expert analysis and predictions, make sure to watch the complete episode of Make Money Count on our YouTube channel, or listen through your favourite podcast provider.

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