Scotiabank suggests that a "big drop" in housing prices is "very low". My question is what defines a "big drop" and "very low"? I know Scotiabank has a number in mind. But guess what? They won't tell you because a low chance of a big drop keeps you in a positive mindset. Therefore, you spend more money on renovations (via a loan from Scotiabank) and maybe even sell your house and get a new one (with help from a Scotiabank mortgage product).
Why won't the Canadian housing market follow what has happened in the States? No one says why. Except Garth Turner.
Housing slump continues in the States, by the way. Oh, Happy Memorial Day to my American neighbours!
And if things weren't bad enough, a Realtor in the...wait for it now....Scarborough area (shudder) was robbed last week. That sucks.
Does anyone know why mortgage rates are dropping? At present they are lower than a pregnant ant. That's low.
And finally, this weekend is Doors Open Toronto. If you happen to be in the area check it out. You'll have lots of fun and get a new appreciation for culture and architecture in the Greatest City in the World!
Karim Kanji
www.RealCashCanada.com
http://InspirationByKarim.blogspot.com
Subscribe to:
Post Comments (Atom)
Who We Are...
- Karim Kanji
- Thanks for stopping by my little piece of digital real estate. This blog has undergone a variety of changes over the months and years. We started by highlighting inspirational people and stories. I've also been known to write about books and events I've attended. 2010 will be the beginning of a new era at KarimKanji.com. Our goal in 2010, and for the foreseeable future will be to offer helpful tips. Whether it be on how to properly market your product or company, use social media tools or how to be a cooler dad, this blog will aim to be, above all things, helpful. I hope you enjoy! kk
No comments:
Post a Comment