Why it’s so hard to understand inflation
Filed Under Main Content · Tagged: Confusion, Core Inflation, Grocery Bills, Inflation Rate, People, Statistics Canada
People despairing over their rising gas and grocery bills can be forgiven for scratching their heads in confusion when Statistics Canada recently reported the country’s core inflation rate had actually fallen in April.
Read more: http://www.vancouversun.com/business/hard+understand+inflation/4910602/story.html#ixzz1OittemKG
Why it’s so hard to understand inflation
Tighter mortgage rules may yet save us from ourselves
Filed Under Main Content · Tagged: Cartoon Character, Mortgage Interest, People
People who remember the days when there was only one type of mortgage – with interest fixed at five per cent annually for the entire 25 years – will also remember the cartoon character Pogo saying: "I have met the enemy, and he is us."
Tighter mortgage rules may yet save us from ourselves
Locals bought most of 2010′s real estate in Victoria
Filed Under Main Content · Tagged: Affordability, Board President, Confidence, Home Ownership, Locals, People, Quot, Real Estate Victoria, S Real Estate
"The majority of buyers are people moving up or down in the market to meet their changing needs," said board president Dennis Fimrite, adding he found it encouraging to see a quarter of the buyers were acquiring their first homes. "Despite concerns over affordability, we are pleased to see that many individuals and families are able to make the move to home ownership. This shows confidence in the market and a commitment to making this area their home."
Locals bought most of 2010′s real estate in Victoria
Rookie mistakes to avoid when buying a home
Filed Under Main Content · Tagged: Buying A Home, Canadian Mortgage And Housing Corporation, Cmhc, Emotions, Favour, First Time Buyers, First Time Homebuyers, Homework, House Sales, Mark Salerno, Moving, Pace, People, Rookie Mistakes
The Star-They’re often heedless, emotional, rigid and, even worse, uninformed.
Experts say they see the same rookie mistakes in first-time homebuyers who are entering the housing fray: they don’t do their research, underestimate their finances, and let their emotions carry them away.
But with falling house sales and declining prices in the GTA, first-time buyers may find that market conditions are currently in their favour.
“We’re moving towards a balanced market right now,” said Mark Salerno, GTA district manager at the Canadian Mortgage and Housing Corporation (CMHC). “Because the pace of sales has slowed, houses remain listed for longer, which gives people more time to do research, and do their homework without any pressure…”
