Sell Ottawa Before Too Late
Clock is ticking
To be a great investor, you have to look forward to what's coming up on the horizon.
I wrote about that in a previous newsletter issue - You can read it here: Reading tea leaves
With Trudeau on his way out, it's time to dust off that issue.
Pierre Poilievre is running on a platform of cutting red tapes and reducing bureaucracy.
If the Conservatives get elected in the next election, what could happen to the Federal government payroll?
What would happen if the Conservatives reduces Federal deficit by cutting Federal government jobs?
What would happen to the Ottawa real estate market if there are less people employed by the Federal government?
Real estate can be as simple as understanding Supply and Demand.
For the past 10 years, Ottawa real estate was the direct beneficiary of Trudeau's policy:
More government jobs =>
More people moving to the area =>
More demand for housing =>
Higher real estate prices
Now, we can reasonably expect the reversal of the past 10 years:
Less government jobs =>
Less people moving to the area =>
Less demand for housing =>
Stagnant or lower real estate prices
.
Rent will follow the same Supply & Demand:
Poilievre cutting government jobs =>
People leaving Ottawa =>
Less demand for housing =>
Higher vacancies =>
Lower rent
.
If you have attended any of my previous webinars, you know I use surfing waves as an example to investing:
If you're surfing on the right side of the wave, the wave will carry you far.
But...
If you're on the wrong side of the wave, the wave could wipe you out.
Which side of the wave do you want to be going into the next government?
Don't get wiped out by the next wave!
If you know anyone who invests in Ottawa and area, share this newsletter issue with them - before it's too late.
If you like my work, I invite you to share it with others.
Happy New Year!
Eric Chang
Calgary, Alberta
January 14, 2025
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