"The general economic slowdown and declining consumer confidence in Ontario is starting to be felt by home builders, who are reporting slower traffic." To find out who said this and to read more on Ontario's housing situation READ HERE.
Guess who else is victim to high gas prices? Cottage Prices. Tony Wong of the Toronto Star weighs in HERE.
Did you hear that the Bank of Canada has left the prime at 3%? What does this mean for consumers? Well, it seems the Bank is more concerned with inflation (hello, gas prices) than consumer confidence. This means (in this humble observer's opinion) that increased rates are on the horizon. How far out though is anyone's guess. All I know is that the costs of carrying a mortgage is going to go up. Start locking in your variable and if you HAVE to buy a house then follow the same advice. Also, stay away from reading Garth Turner. Your welcome.
Karim Kanji
www.RealCashCanada.com
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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
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