Bank of Canada governor Mark Carney raised the overnight lending rate a 0.25% point on Wednesday morning. CTV News reports: The decision marks the third straight month that the central bank has boosted the rate, which was set at a rock-bottom 0.25 per cent during the recession. The overnight lending rate affects short-term borrowing, such as variable-rate mortgages and some lines of … [Read more...]
Where did your email message go?
September 12, 2010 By Leave a Comment
August was a slow month for emails, I thought. Usually we'll get a good amount of message from the blog. Our readers like to keep in touch, whether it is to ask questions, to follow up with their comments on a post I've written or simply to say hello. I noticed a big drop in messages lately, and at first I thought it was because people were on vacation and away from computers, or not too … [Read more...]
Friday Fun: Buy a Trailer, or don’t. We don’t care.
September 10, 2010 By 1 Comment
Last tuesday, CTV published and interesting article "Trailer parks a sweet spot in real estate". It made me think, if there's a boom with the trailer park market, then all we need is more trailer owners. Right? With the average home price rising each year, it's becoming less and less affordable to buy your dream home outright, and it seems, the only hope to ever own our own place will be … [Read more...]
Bubble or no Bubble? That is the question.
September 9, 2010 By 7 Comments
Ever since last week, there has been a lot of talk (in the media) of a real estate bubble about to happen in Canada. Many articles were written about the markets that are anticipated to be affected. The gazette began the topic on August 30 with Housing Bubble: An accident about to happen. Followed by the list of cities whose market are in danger of a bubble burst. I haven't really gotten … [Read more...]
New Zoocasa Application for Yahoo! Canada
September 6, 2010 By 1 Comment
It has been two years since we last wrote about Zoocasa. Back then, they were just starting out and I do believe they were still on Beta. A lot has changed since then. It turns out that Zoocasa, owned by Rogers Communications, developed iPhone app (home search on your phone? great!) AND now Yahoo! Canada has teamed up with Zoocasa as their Real Estate Home Search. They have just launched a … [Read more...]
How’s the market: June & July 2010
September 2, 2010 By 2 Comments
Catching up with the market updates. August's market report is not out yet, and while we wait for the new numbers, here is a quick review on how the previous months performed: In terms of sales and active listings, the months of June and July were quite similar. Compared to 2009, both months had a decrease in sales. June’s total sales were down by 19%, while July’s decrease was 26%. There … [Read more...]
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