Economic Update

Very good session today with TD Bank, hosted by local mortgage guru Dale Bull.  Several very good spaeakers taking us through various mortgage products, very exciting and very helpful.  The forcast was a positive outlook for Haliburton County and the general economic health of the Country.  They, and I share this view, expect a very busy spring in the cottage/house market.  Main drivers are low interest rates (not expected to increase until second half of 2010), increased good product in the marketplace and the upcoming HST.  I don't anticipate much in the way of drastic interest rate increases until the American economy shows better growth, seeing some positive signs, need more and sustained good news.  The pressure to keep our dollar  somewhat in check should curtail the interest rate increases.  All the same, Haliburton is preparing for spring, great day today, market is hot (up 53% from last year) and we have some great deals to be had.  A great time to make that cottage purchase!    

Andrew Hodgson

Andrew Hodgson

Broker/Owner
CENTURY 21 Granite Realty Group Ltd., Brokerage*
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