OCTOBER 26, 2012
Well I've been warning for some time now of the extreme risks facing the Vancouver housing market. You can go all the way back to last year to read some of my thoughts on where that market was heading:
Now Vancouver looks set to reaps its own whirlwind as sales have fallen dramatically while inventory has ballooned.
I've been asked by David LePoidevin and The LePoidevin Group to come out to Vancouver and discuss the current state of that market, and also the broader Canadian market, in light of developing trends. It should be a good time! Mark it on your calendar and book your seats early. It is a free seminar but there is limited seating available:
Location: Westin Bayshore Hotel, Vancouver, BC
Date: Wednesday, November 28th, 2012
To read the full itinerary or to book your complimentary tickets, please visit the seminar website:
For those who have not heard of David, he is a good friend of mine and unquestionably one of Canada's finest and most forward-thinking asset managers. Having steered his clients clear of the tech bubble and having fully hedged their portfolios against the market downturn in 08-09, he is now hedging out tail risk posed by the Canadian housing market. And he does it all while steeply undercutting fees charged by typical Canadian mutual funds.
I'll be discussing the real estate market and macro picture and where I see the clouds on the horizon while David will be discussing how this may affect people's portfolios and where the opportunities lie. Below are two recent clips of David on BNN:
Bail from the banks- June 8, 2012
A warning about junk bonds- September 9, 2012
Spread the word!