In this episode of Real Estate News Patrick looks at the economic macro, and considers the question of recession given the current economic data.

As investors we see what is happening today but always have our eye to the future based on the data.

Currently the GDP is positive, and unemployment is at record lows, as is patriation rate, which opens up a door to employment challenges.

The good news is, immigration remains high, and interprovincial migration is positive for Western Provinces. Given the price of oil and diversification; we’ve been shining a light on Alberta and Saskatchewan for over 2 years! It seems anyone who wants to work is working, in most sectors but not all.

Of course, as sophisticated investors we need to look behind and beyond the headlines, and Patrick provides some guidance in this Real Estate News segment highlighting where some of the underlying risks lie.