RECENT BLOG POSTS
The Bank of Canada has reduced interest rates by a full percentage point over the last year, yet fixed interest rates (which Canadians prefer) have lagged behind. It is only now that fixed term interest rates are being to decline. The spread last year was 2.25% and now it is 3.25%. It appears tha...
04/22/2008
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According to the Bank of Montreal..."Canada's six-year housing market boom is officially over," said Douglas Porter, deputy chief economist at BMO Capital Markets. "There's no question the numbers were probably distorted by a few feet of snow in the first quarter of the year, but I think there's ...
04/18/2008
Canadians have written to us looking for information on how to write off their mortgage interest to lower their mortgage costsThe utilization of the Smith Manoeuvre has helped Canadians write off their mortgage, however it requires significant financial knowledge and knowledge of the tax code.A n...
04/18/2008
Ozzie Jurock is one of the most prolific producers of information about the real estate market in Canada. Here is his latest tidbit"A perusal of the popular Craigslist.org shows that for-sale-by-owner condo sellers are quietly dropping their asking prices.A persistent Craigslist reader found exam...
04/17/2008