About this episode of the I Love Edmonton Real Estate Podcast
Today I’m welcoming Steve Kurylo and Mark Berry from Magnum Mortgage to talk about the future of the Edmonton real estate market. I’ll get into the role of private lending in real estate, migration trends, inflation, rising interest rates, and the possible solutions offered by private lending.
[02:20] Why Steve believes owning multiple rental properties is important for financial security.
[04:35] How private lending has been an integral part of the real estate industry for centuries.
[05:50] Why private lending is becoming increasingly important as government policies tighten qualification rates.
[07:30] How changes in traditional lending practices are leading to more people turning to private lending.
[08:45] Why even people with excellent credit are now resorting to private lending.
[10:58] The trend of high housing prices in Ontario and BC leading people to move to Alberta.
[12:20] How private lending plays a particularly significant role for investment properties.
[14:45] Why the funds at Magnum come from private individuals, providing more control to investors.
[20:22] How private lending offers solutions for borrowers during periods of inflation and rising interest rates.
[21:40] Why private lending provides stability for borrowers during both active and depressed markets.
[23:15] How private lending played a crucial role during a previous accelerated real estate market.
[31:12] Why high-density housing holds potential for future growth in the Alberta real estate market.
[33:30] How prosperity sharing can benefit the overall Canadian economy in the future.
[35:00] How the shift towards private lending provides more control over financial investments for individuals.
Connect with Steve Kurylo and Mark Berry
- https://www.magnumlending.ca/
- (780) 467-6393
- lending@magnumcorp.ca
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More About the I Love Edmonton Real Estate Podcast
Host Jason Scott of The Mortgage Group talks to everyone and anyone who knows real estate in Edmonton.
Learn from local experts and get the inside scoop on anything that impacts Edmonton’s real estate market. Whether you are thinking of buying, selling or investing in the Edmonton market, Jason and his guests are here to help.
We interview top real estate professionals, decision-makers, influencers, and people who can help you learn more about what’s happening in Edmonton.