Canadians, buoyed by a budding housing market recovery, took on more debt in June as they tapped banks for a variety of loans tied to real estate, says a report released yesterday by TD Economics.
Total bank-issued credit to households grew by 1 per cent in June from May. On a year-over-year basis, household credit increased by 9.9 per cent. … Continue Reading
For those of you that own a property and have a variable mortgage (myself included), how excited are you about interest rates having been dropped yet again on yesterday by .05% making it 3.25% on a variable rate mortgage and 4.15% on a fixed rate mortgage for a 5 year term, yay!!! Yes, I am now doing my happy dance although you can’t see it 
So, now the ? is, what are your plans for that extra cash that is just laying around in the bank, now that the banks are pretty much giving it away for free to try and stimulate our economy? Let’s put it back into real estate, and keep spending going people!! Not that I am biased or anything, I know I am a real estate Broker and all that, so of course you’d think I’d be trying to encourage you to buy now, even though the rest of the world is telling you that the sky is falling. But think on this a moment, for those of you that have seen this come before.
Everyone is waiting for prices to drop further, and further until we are at an all time low, but remember the saying “what comes up, must go down”, if you hold on to the theory of waiting for the market to bottom out, you’ve just missed your opportunity, because by the time that happens, and it will, sure enough the market is going to soar and soar quickly. Then what side are you going to be on?? The side that says you’ve just missed the boat on this one!
This theory has been proven time and time again, so be on the winning side and act now before interest rates climb back up. Now is your chance to get into the home you’ve always wanted but could never afford.
Proposed Measures Would Help Businesses and Consumers Prepare For Change.
The McGuinty government has proposed general transitional rules that would assist in the move to a Harmonized Sales Tax (HST).
These rules explain:
Which tax would apply for transactions that straddle July 1, 2010 – the current Retail Sales Tax (RST) or the Ontario portion of the HST, [...]
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/4 per cent. The Bank Rate is unchanged at 1/2 per cent and the deposit rate is 1/4 per cent.
Global economic growth has been somewhat stronger than projected, with momentum in emerging-market economies increasing noticeably. Exceptional stimulus from [...]
Popular with urban sophisticates and lauded by architecture critic John Bentley Mays, highly-successful Richmond Town Manors is now complete on Richmond Street at Strachan Avenue, between King and Queen Streets West, just south of Trinity Bellwoods Park in Toronto. Only three of these choice residences remain, offering convenient living in modern surroundings inspired by the geometrical abstracts of master Dutch painter Pieter Mondrian. Hurry to take advantage of this exclusive opportunity in one of the city’s most up-and-coming neighbourhoods.