Kevin O'Leary, Best known from TV's Dragon's Den, Sharktank, Lang & O'Leary Exchange, and The O'Leary Fund. etc...Kevin's Overall net worth is pegged around $400 Million. Kevin recently was in Calgary as the keynote speaker to Calgary's Realtors at the CREB Forecast Breakfast.
Amongst a few other topics including Interest Rates, projections, and What is his take on the Calgary Real Estate Market, with the recent Oil Price Adjustment.
These were some of the highlighted comments. Around the (3:55) mark of the interview he gets in to the REAL ESTATE commentary...
Kevin O'Leary : Its an interesting time in Calgary and Alberta, I look at the Real Estate Data in Canada almost weekly , most importantly the condominium market, the largest commodity in Real Estate. Remarkably through a period oftremendous volitility in Oil Prices, you haven't seen a crack yet in Real Estate here, because there is such a demand...even right now. ..if you go out 6 mos or a year or two years, what will it look like. My guess would be you're not going to have a significant increase, maybe 2%, but not a 30% reduction. Take for example the recent Flooding, it's remarkable how fast the recovery took place in and around the River affected properties.
Q: Are we headed for a recession? (6:12)
Kevin O'Leary: I think there's going to be a consolidation in the Energy patch of debt-laden small cap companies, merged together through a form of bankruptcy, but the large players have really good balance sheets...at some point the Keystone and East-WEST pipelines are good for AB and housing.
Q: Thoughts on Real Estate as an Investment?
Whats so fascinating is that for 17 years we haven't had a material double digit correction (ie 12-15% increase) ...Real Estate as a hard asset has a better return in some ways than some other investments. ie) Bonds etc...
Q: Just for Fun...The Greatest Guitarist who ever Lived?
Kevin O'Leary: Jeff Beck.
Kevin O'Leary's Commentary on the Calgary Real Estate Market.
Blog by Robin Lear | January 29th, 2015
Archives
- March 2024
- January 2024
- November 2023
- June 2023
- May 2023
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- January 2022
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- October 2020
- September 2020
- July 2020
- June 2020
- March 2020
- February 2020
- December 2019
- November 2019
- August 2019
- July 2019
- May 2019
- April 2019
- March 2019
- February 2019
- January 2019
- October 2018
- September 2018
- August 2018
- July 2018
- June 2018
- May 2018
- April 2018
- February 2018
- January 2018
- August 2017
- July 2017
- June 2017
- May 2017
- April 2017
- March 2017
- February 2017
- September 2016
- August 2016
- July 2016
- June 2016
- May 2016
- April 2016
- March 2016
- February 2016
- January 2016
- December 2015
- November 2015
- October 2015
- September 2015
- August 2015
- June 2015
- May 2015
- April 2015
- March 2015
- February 2015
- January 2015
- December 2014
- November 2014
- October 2014
- September 2014
- August 2014
- July 2014
- June 2014
- May 2014
- April 2014
- March 2014
- February 2014
- December 2013
- November 2013
- October 2013
- September 2013
- August 2013
- July 2013
- June 2013
- May 2013
- April 2013
- March 2013
- February 2013
- January 2013
- December 2012
- November 2012
- October 2012
- September 2012
- August 2012
- July 2012
- June 2012
- May 2012
- April 2012
- March 2012
- February 2012
- January 2012
- December 2011
- November 2011
- October 2011
- September 2011
- August 2011
- July 2011
- June 2011
- May 2011