What is it, and why should you pay attention to it? It's an indicator of confidence in the current economy, driven down recently by concerns about people's personal financial circumstance and their jobs. According to the most recent report, it has fallen by 3.3 points, the third straight decline, and is now at it's lowest level in 26 years at 67.7. This should improve next month as ...
Posted by Szabolcs Pall
on December 22, 2008
Interesting news filtering in this morning, that CMHC had been warned about the burden it was placing on borrowers of home loans with minimal downpayment and long term amortization, and it's potential effect on the current economic crunch. In February 2006, U.S. based insurance companies were allowed to insure mortgages in Canada, and this competition for market share saw the introduction of ...
Posted by Szabolcs Pall
on December 18, 2008
On my return trip from Ottawa on Tuesday afternoon, I witnessed first hand the respect paid to 3 fallen soldiers by service personnel. Parked atop each overpass were numerous Ambulance, Police and Emergency vehicles, as well as residents from nearby townships waving flags and holding up messages. My heart goes out to those who have a loved one on duty somewhere around the world, may you ...
Posted by Szabolcs Pall
on December 17, 2008
Finance Minister Jim Flaherty has recently said, that panicking in the face of this global economic crisis could prove tragic for Canada's own economy. I think it should also be stated, that some of the frightning headlines we are seeing in the news today, have been kicking around for about a year now. And even longer in the U.S and the U.K. So while the financial bailout of the U.S. ...
Posted by Szabolcs Pall
on December 12, 2008
How's the market? It's the one question we seem to be hearing over and over again. The market can typically fluctuate within three types of market conditions: 1. Seller's Market2. Buyer's Market3. Normal or Balanced Market And a good indicator of market conditions is to interpret the number of months of listing inventory. This is arrived by taking the total number of listings on the market, ...
Posted by Szabolcs Pall
on December 1, 2008