No! The Sky Is NOT Falling in the World of Multifamily Investing! On the Contrary!Sep 22, 2020
In this post, I talk about the current state of the multifamily investing world in Canada and the mortgage market despite the challenges of the COVID-19 pandemic.
It's GOOD NEWS! The sky isn't falling. On the contrary!
Apartment buildings continue to be a strong asset to invest in, especially in times of great uncertainty such as those we're living in.
I also talk about the Canada Emergency Business Account (CEBA) which is a $40K interest-free loan the federal government is offering and of which $10K is forgiven if you repay the loan prior to December 31, 2022.
The government has extended the deadline to apply to October 31, 2020.
You must apply for CEBA through your financial institution. Below is the link for more details on CEBA.