March 5, 2020
Fortune magazine quoted Partner Kurt Koegl in an article about speculation in the Montreal real estate market.
Fortune
By Tracey Lindeman
Excerpt:
“Banks are definitely a large driver of the real estate industry because the owner of the building gets to depreciate 100% of the purchase price regardless of whether it was raised through debt or equity,” says Kurt Koegl, a CPA focused on real estate and a partner at Marcum LLP, referring to U.S. law. “Levering the building, especially when interest rates are low like they are today, really multiplies the return that landowners get.”
