As summer draws to a close, we hope you've had the opportunity to recharge and enjoy the season.
At OZ Capital, we’re closely monitoring global developments, including the upcoming US elections and anticipated interest rate adjustments in Canada.
These events reinforce the importance of staying agile and diversified in your investment strategy.
We are paying specific attention to the real estate market in Ontario, our current lending area, to ensure we maintain the most accurate valuations of the properties we use as collateral in our portfolio.
Factors such as increasing market supply, borrowers' ability to service new loans, and legitimate exit strategies are critical elements in our underwriting process.
While we remain concerned about current condo market conditions and the preconstruction market as a whole, we are cautiously optimistic about Canada’s economic future.
We believe that economic recovery is likely 24 to 36 months away, contingent upon a continued decline in interest rates, which would enhance consumers' capacity to manage debt obligations.
Our biggest advantage at OZ Capital is our ability to pivot quickly based on market conditions, supported by our extensive experience in the industry.
With over 60 years of combined experience in mortgage origination, underwriting, and administration, we are well-equipped to navigate these uncertain times and continue delivering value to our investors.
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