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There's a lot less of the subsidies, like we have in the US.  Key Reference  have the FHA, where they enable 3 and a half percent down payment for very first time home purchasers, and FHA customers. Those things don't exist in Canada. It means that people need to have a real down payment, and they need to actually be able to earn money, and they need to have the ability to reveal their earnings on a loan declaration, and those sorts of thing.

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Real Estate Optimism Blows Past Pre-Virus Levels in Canada - Bloomberg

Foreclosures, short sales, not truly a part of the total investing strategy in Canada. Tax deed sales, those things don't actually exist either. Certainly, in some cases individuals do not pay their taxes, but certainly, it's just so much smaller sized. That's not where the opportunity is. The opportunity remains in targeting motivated sellers, but not the ones that are encouraged by foreclosure, brief sale, or tax sale.

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I inform you, a lot of what we do in the US doesn't focus on this either, believe it or not. I mean, yes, we have our short sales, and yes, these foreclosures do roll through, however by and big, we're targeting the sellers of home that simply require to get out.

Whatever the case may be. Canadians, more fiscally responsible. There's undoubtedly simply a far smaller population. What's stunning is the number of creative strategies you can do in Canada. Yes, you can do based on's. Yes, you can do rent choices. Yes, you can do turns. Yes, yes, yes, yes, yes, you can.

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I'll tell you what I enjoy about what they can do in Canada that you can't do in the United States. I may have lacked room, so I'm going to erase this, however you get that lesson right there. I'll tell you what I absolutely love. Turns. When you flip the offer, due to the fact that what you can do in Canada, which is really cool, it's called a skip transfer.

In the United States, we have something called a deed. We have a quick claim deed. We have a guarantee deed. In California, we have a grant deed, and there's a deal and sale deed, which is sort of between a quick claim and a warranty. All these deeds. Right? Does not work that method in Canada.