Saskatoon Mortgage Broker shares article – Why smart money is still investing in Canadian houses

Brexit and low or negative interest rates mean houses remain much more than a place to live

By Don Pittis – CBC News – July 4, 2016

Sorry, young house hunters. It turns out the overpriced home you were hoping to buy isn’t just a place to live.

Now, maybe more than ever, houses are a financial investment.

And while that may not be good for young Canadians hoping to get into the market, there are no signs new government rules will change that in the short term.

In fact, a new flood of money into the global economy from central banks in an attempt to counteract the depressing effect of the Brexit vote only makes putting cash into real estate a sounder financial investment.

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