Last week we looked at the possible implications of BREXIT on the New York real estate market. Although, we focus more on the US market on this blog, it is expedient to recognise the impact of this on the global market, especially as the world economies become more inter-related as one gobal village due to technology. We will examine the possible impact on the Canadian market.
ROBIN LEVINSON KING from Toronto Star reiterated the opinion of the Governor of the Bank of England Mark Carney who has warned that a Brexit could trigger financial instability in the U.K., at least in the short-term.
He indicated lower returns, stronger U.S dollar as some of the possible impacts.
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