Episode 42 – Pre-Disaster Real Estate Report Now That Trump Hold All The Power

Trump’s in Power – What does this mean to the Burlington Real Estate Market?

OK… take a deep breath. We’ll get through this together. Only 4 years left of Trump in power.  8 at the most!

Tuesday evening was an interesting night. As Trump started to take the lead 2 things happened.

1- Markets started plunging wordwide
2- Canada’s immigration website crashed!.. Yes, Crashed!

What does this mean to the future of the Burlington Real Estate Market? Time will tell. Here’s what we do know…

Trump promised to scrap NAFTA (North American Free Trade Agreement). It’s a treaty entered into by USA, Canada and Mexico in 1994. According to Justin Trudeau, 70% of Canada’s export is to the USA. This could be bad news for our economy if Trump scraps NAFTA.

The Market Snapshot as of October 2016

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-Sebastian

 

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