Critical Thinking for an Enlightened Perspective

“Instead of focusing on an industry, a widget, a service, or a product, focus inward. What would “Go back to 2016 in Vancouver, and the whole conversation was about supply/demand, not building enough condos, or foreign buyers and foreign speculators. There were never any real questions about monetary policy, interest rates being extremely low, credit growth growing excessively, etc. Once you can put the whole picture together it starts to help you create your own framework for understanding asset prices and understanding the investment landscape.” 
Steve Saretsky

Steve Saretsky is a Vancouver Realtor and author behind one of Vancouver’s most popular real estate blogs. Steve is widely considered a thought leader in the industry and his dedication to analyzing the stats, financial landscape, and policies affecting Vancouver real estate have allowed him to build a successful business while working with and providing advisory services to investment advisors, financial institutions, policymakers, and real estate developers. 

Although an unlikely economic analyst, as a self-professed autodidact Steve needed to better understand the root cause of the market surge of 2015-16 and quickly became absorbed in the study and understanding of how the fundamentals of economics affect the real estate market. He narrows in on the Vancouver market to describe what the environment looked like and how and why it changed from 2017-2020. 

In the latest episode of The Everyday Millionaire, Steve talks about his concern for the financial landscape with mortgage deferrals, foreclosures, and the government’s affinity for money-printing. He shares insight about what’s hot in the Vancouver market, the macro-economic landscape of Canada, what policymakers are up to, and how these may affect the real estate market. 

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