The Investment Evolution of the New Generation in Real Estate "Landlord Network Summer Real Estate Forum" grandly opens this Saturday

On July 24th, the Bank of Canada cut interest rates again, lowering the benchmark rate to 4.5%, but this is not enough to warm up the real estate winter this summer.

The current apartment market is like a ghost town, "said Jamie Page, a Toronto real estate agent. The 550 square foot one bedroom apartment he represents has unbeatable lake views and a spacious balcony, with a price reduction of 21000 yuan below the average price, but still no one is viewing the property. New apartment sales in the Greater Toronto and Hamilton areas hit a 27 year low in the second quarter; The fate of GTA second-hand houses is similar, with a year-on-year increase of 67% in June, but sales falling by 16%. As of July 14th, in the past month, 373 homeowners in most regions have had to accept the fate of property auctions; The Wangfujing development project, which is well-known to Chinese people, also collapsed with a loud bang.

The magical halo of Canadian real estate gold seems to have disappeared overnight: property stability and rapid appreciation are difficult to sustain; Compensating for the deposit and transferring the pre-sale property has become the norm; The high mortgage prices and exaggerated negative cash flow are driving people crazy. Although the current interest rate cut channel has been opened, the journey is long. How to survive the era of high interest rates and resist the cold winter wind; How to change strategies in a timely manner, seize opportunities, and move forward in twists and turns?

At this critical moment, as the largest Chinese real estate investor community in Canada, Landlord Network will invite well-known Chinese real estate industry elites and experts to bring the "2024 Canadian Real Estate Summer Forum - Investment Evolution of the New Generation of Real Estate" sponsored and supported by Karl Liu, President of Beiguo Wealth Management and Senior Wealth Management Insurance Expert, to real estate investors for seven consecutive days starting from Saturday, August 10th.

We draw on the concept of dividing the X, Y, and Z generations to define Canada's real estate market. 15 years can basically be called a real estate generation

When it comes to the creative intention of this forum, Dr. Wang Hongwei, CEO of Landlord Network and village chief, first introduced the origin of the term "real estate generation", and then reviewed the prosperity of the previous real estate generation.

From 2008 to 2023, Canada's real estate industry can be called the golden generation of real estate. In 2008, the average GTA house price was $379080, and in 2023, it soared to $1126440, with a price increase of 197%. Real estate investment has become an important means for people to accumulate wealth. The proportion of the real estate industry in Canada's GDP has been increasing year by year, reaching 7.8% in the third quarter of 2023, becoming one of the main pillars of the Canadian economy

With the unprecedented 10 interest rate hikes by the Bank of Canada to curb inflation, the hot real estate market has experienced a sharp drop in temperature. Interest rates have skyrocketed, repayments have surged, cash is tight, and the pressure is immense. Even with the last two interest rate cuts, it is still unable to curb the continuous decline of the housing market: the volume of listings has surged, transaction volume has sharply decreased; the speed of destocking MOI and the new listing sales ratio SNLR have both set new records in nearly 10 years

Natural selection leads to survival of the fittest. When it comes to how to deal with the new generation of real estate, the village chief believes that real estate developers should change their traditional investment ideas, keep up with the times, and constantly evolve. For example, should the original "buy whatever you want and earn easily" be replaced by value investing and streamlined investing; Do we need a more comprehensive and scientific loan plan and leverage design for the previous concept of 'borrowing is earning, and leverage is maximized'; Is it time to re-examine the traditional theory that 'cash flow is not important, housing appreciation is the king'?

The village chief told me that he sincerely hopes that this summer forum can inspire real estate investors to deeply reflect and explore the current and future housing market, and to immerse themselves in it with an evolutionary perspective and attitude as the real estate generation rewrites the chapter.

It is reported that this forum is divided into 7 main themes and premiered on the Landlord Network YouTube channel for 7 consecutive days. More than 20 guests were invited to participate.

Tony Ma, President of Dapeng Real Estate, Li Ding, President of Jiade Real Estate, Vicky Huang, President of Financial Street Real Estate, Yang Chao, President of Junan Real Estate, Wang Hongyu, a well-known loan expert, and Yang Hong, a well-known real estate investor, brought a thematic discussion on investment strategies for the new generation of real estate, the current situation and future development of the housing market; Renowned real estate developer Mark Xiao, CEO of Comfort Real Estate, Sue Zhang, and experienced real estate developer Michael Wang discuss frontline investment strategies for the new generation of real estate; Senior loan experts Grace Bi, Jeffrey Niu, Connie Xie, and renowned lawyer Wang Hao share their loan themes in the context of the new generation of real estate;

Karl Liu, President of Beiguo Wealth Management, Zhu Weimin, President of Mingrui Group, and Lin Hui, President of Qianyue Financial, will discuss new ideas for asset allocation in the new generation of real estate with everyone; Senior real estate developers Ronald Huang and Huang Youyou, as well as decoration expert Leo Song, combined legal rental of basements and multi unit renovations to bring about a discussion on the proactive appreciation of new generation properties; Leo Zuo from Vancouver, Emily Liu from Calgary, Lucy Lu from Ottawa, and May Zhu from Montreal, along with several senior real estate agents, bring the latest housing market data and related interpretations from several other real estate metropolises outside of the GTA.

From August 10th to 16th, every night at 8:00, the 2024 Canadian Real Estate Summer Forum - Investment Evolution of the New Generation of Real Estate will premiere on Landlord's YouTube channel. Welcome!