Guest Post By David Larock This quarter’s Mortgage Market Update is a good news/bad news story. I’m an optimist at heart so let’s start with the good news. Barring a global and systemic financial meltdown, our mortgage rates will probably stay at their current rock-bottom levels for an extended period of anywhere from one to [...]
There’s good news for the real estate market in Collingwood, Blue Mountains, Clearview, Wasaga Beach, Meaford, and all of Canada this morning. The Bank of Canada has once again held it’s key overnight rate at 1%. Changes to the overnight rate sends a signal to banks about which direction the Bank of Canada wishes to [...]
Guest Post By David Larock Let’s begin the new year where we finished off the last one – in the euro zone. After a brief period of calm as the calendar flipped to 2012, bond yields in the euro zone’s vulnerable member states are moving higher again. Most notably, Italian bond yields closed at 7.13% [...]
Somewhere in the back of your mind, you may think that investing in real estate is a good idea but it seems too darn complicated and you just don’t want to really think about it. If so, you may be missing out on one of the most solid strategies for creating personal wealth. After all, [...]
People often get confused by the difference between “mortgagor” and “mortgagee”. It certainly is confusing because of the common language we use which is, all wrong. When buying a home, we go to a lender “to get a mortgage” but actually, that is that is not what we are doing at all. A mortgage is [...]
Guest Post By David Larock Friday’s much-anticipated meeting of European Union (EU) leaders in Brussels was the region’s latest attempt to reassure the markets that its financial crisis is being brought under control. Here are the highlights: Twenty-six of the EU’s twenty-seven member countries agreed to limit their future structural deficits to .5% of GDP [...]
Today, The Bank of Canada announced that it is maintaining its target for the overnight rate at 1 percent. Citing uncertainty around the global economic outlook and deteriorating conditions in global financial markets, amongst a host of other reasons, the Bank has decided to maintain the target for the overnight rate. Said the Bank’s Press [...]
Guest Post By David Larock In a financial crisis, bond yields provide a real-time gauge of whether a country’s prospects are getting better or worse. If a country’s outlook is worsening, the market will demand higher yields on its new bond issues and the government will have no choice but to pay. But those higher [...]
During the holiday season, I really enjoy going about in the Collingwood area and seeing so many homes decorated for the holidays. It’s that time of year again when people will start the process and it usually includes using Christmas lights. I’ve been thinking about this topic because while I love seeing the holiday displays, [...]
It’s that time of year again were the prospect of big home heating bills is upon us. A couple of years ago, John and I had an energy audit completed and then made some basic changes which had a dramatic impact on our heating costs lowering them by over 30%. The biggest factor was [...]
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