- Digital publication outlines meaningful considerations to
optimize investments in real estate and support next generation of
homeowners
TORONTO, Nov. 3, 2022
/CNW/ - BMO Private Wealth has published the latest edition of its
annual digital publication that provides comprehensive wealth, tax
and estate planning considerations for Canadians navigating the
opportunities and complexities of investing in real estate,
following new measures outlined in 2022 Federal Budget and changes
in the economic landscape.
Despite the effects of rising interest rates and higher
inflation, real estate continues to be regarded as a significant
source of wealth creation for Canadians and their families in the
medium term. Canadian benchmark home prices have risen at an annual
average rate of 7 per cent in the past 16 years, four times faster
than the consumer price index. However, amid growing concerns and
questions about uncertainty in the economy and around investments
in real estate, this year's BMO Wealth Insights provides
guidance into how families can maximize their investments in this
asset class and support the next generation of
homeowners.
"Homeownership continues to represent an important financial
milestone and source of wealth creation, security and succession
for many Canadians and their families," said Caroline Dabu, Head, Wealth Advisory Services,
BMO Financial Group. "While evolving housing affordability programs
and economic conditions may affect the present paths to home
ownership, BMO Wealth Insights and the bank's team of
experts are available to offer valuable advice for Canadians
looking to invest in real estate for the first time, make progress
in growing their portfolios or help the next generation get started
on their home ownership journey."
"No doubt, the housing market faces a challenging period ahead
due to affordability issues and a weakening economy," said
Sal Guatieri, Senior Economist, BMO
Capital Markets. "However, once prices return to more sustainable
levels, the market should resume an upward course on the back of
strong immigration and population growth."
BMO Wealth Insights explores timely topics for Canadians
interested in investing in real estate such as:
- Canada's Real Estate Market: 5
Things You Need to Know
- Federal Budget 2022: 8 Measures That Can Make Real Estate More
Affordable
- All in the Family: A Primer on Gifting Property
- Podcast: Perspectives on Canadian Real Estate
To learn more about BMO Wealth Insights, please visit
privatewealth-insights.bmo.com.
About BMO Financial
Group
Serving customers for 200 years and counting, BMO is a highly
diversified financial services provider - the 8th largest bank, by
assets, in North America. With
total assets of $1.07 trillion as of
July 31, 2022, and a team of diverse
and highly engaged employees, BMO provides a broad range of
personal and commercial banking, wealth management and investment
banking products and services to more than 12 million customers and
conducts business through three operating groups: Personal and
Commercial Banking, BMO Wealth Management and BMO Capital
Markets.
SOURCE BMO Financial Group