Chris PrefontaineSerious about making money in the real estate investment business? Free Webinar - REGISTER BELOW!, Smart Real Estate Coach · Chairman, Founder, 4x Best-Selling Author of "Real Estate On Your Terms," Forbes Business Council Member, 3x Inc 5000 Honoree, Global Rank TOP 0.5% Podcast Host

The Canadian Market Vs The US Market #shorts

5 Jun 2024 · 1 min

Watch on YouTube

0:40

The speaker acknowledges limited familiarity with the U.S. market and describes the recent volatility of the Ontario housing market—characterized by a series of price increases followed by a decline, flattening, and another rise—making future sale timing uncertain. Consequently, they decided to pull back from Ontario real‑estate investments. Over the past three years, their professional focus has shifted to raising capital for three international projects: a development venture in Costa Rica, a real‑estate development project in Nova Scotia for a developer friend, and an energy project in Greece. They emphasize leveraging a strong personal network to secure fundraising commissions, noting that this effort is progressing successfully.

Chapters

I'm not 100% familiar with the US market, but here it's in Ontario, up, up, up, up, down, flat, up. So it's— I would have no idea when I'm going to sell them that house in 3 years. So we decided to pull back, but also because for the last 3 years I've been mostly busy raising funds for projects in Costa Rica, in Nova Scotia, a development project for a developer friend of mine, and also an energy project in Greece. So this is where I'm focusing right now. I have a nice network and I am raising funds for a commission for those people and it's going very well.