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Forecast for U.S. recreational property: Warm and sunny with a chance of disaster

As President Donald Trump’s trade war continues to roil the global economy, it can be hard to tell what to do about leisure and recreational properties, especially those in the U.S. 

“We’ve seen a significant uptick in Canadians moving back home,” one cross-border advisor says. This is leading to softer prices in warm-weather states such as Florida, Arizona, California and Hawaii.

The flip side is that while many Canadians are selling or thinking of selling, the softer prices could present an opportunity for other Canadians.

Is it time to sell, or is economic uncertainty actually creating a buying opportunity?

It was our most popular article so far this week.    

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Member Content

What is a family office?

Occasionally, an opportunity comes along that’s too good to refuse. For Christopher Foster, CEO of Foster & Associates, that opportunity was the firm he now leads. Almost a decade ago, he left his own firm, Blackheath Fund Management Inc., to take over Foster & Associates, which was founded in 1994 by his father, Briar Foster.

Back in the 1990s, conflicts of interest were common, and clients often expected they would be sold to. Briar Foster saw it up close, and after years of pressure to put firm products ahead of client needs, he’d had enough. He set out to build the kind of firm he wished existed, one that put the client first.

That original conviction is the foundation Christopher continues to build on, and it defines the Foster Family Office Group.

This story is brought to you by Foster Family Office.

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More This Week & From Our Archives

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Economic upheaval is top-of-mind, but advisors have a long list of other concerns on their plates

Why data centres may be a safer way to play the AI boom

Rather than betting on a winner in the AI revolution, some family offices are backing the infrastructure behind it

Peter Jessiman: ‘There’s great idea-share and mindshare' in the family office space

CEO of single-family office JFII talks about market mayhem, investing discipline and the need for family office networking

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