Toronto’s best mortgage brokers, Cannect Home Financing, return for episode 47 of Make Money Count. In this episode, we discuss the latest employment numbers in the U.S. and Canada. These strong numbers might be bad for the respective economies. If this sounds like it’s backwards to you, don’t worry; you are not alone. Listen to the episode to get the breakdown from the experts. We examine the historical rise of real residential property prices over time.

The typical cause of the periods of strength has been cheap money. While we are definitely not seeing that right now. There are still many other solid macroeconomic trends that could keep the housing market afloat during these high interest rate times. Immigration, lack of supply, and yes, strong employment numbers could try to keep the market from falling further. Questions from this episode involve seeking capital from alternative lenders and borrowing money to invest in real estate.

Pricing from alternative lenders is starting to go up. Lenders are seeing what is going on in the economy right now and they are nervous, even with well-qualified borrowers. These are situations where borrowers should be calling Cannect to make sure, as Justin says, they don’t put themselves in the box the banks create for them. When it comes to accessing equity to buy real estate, make sure you think about the type of real estate you are buying and your time horizon.

With interest rates this high and still on the rise, this is more important now than ever. If you’re looking for a stable investment to get you through these economic hardships, take a look at Cannect Mortgage