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Bank of Canada backs off housing bubble talk

  I see that the Bank of Canada has backed off their earlier position in respect to mortgage rates as per my previous blog. In a speech in Edmonton, bank official David Wolf ruled out increasing interest rates to discourage mortgage lending. Wolf, an adviser to bank...

Are you ready for higher mortgage rates?

December was a vibrant month for real estate sales in London and I have to admit being taken by surprise. Are we not facing record unemployment rates and a huge trade deficit? Perhaps the unemployment benefits have not yet expired? Low interest rates, the rush to beat...

Obtaining financing in difficult times

Lenders and entrepreneurs have different perspectives and different interests. These differences are ingrained, but good times can create a comfort level that obscures them. Now in times of tighter credit and a slower economy, these different interests are thrown into...

Sucessful Open Houses

Successful open houses   You have heard the arguments before…   “Open houses are a waste of time.” “All I ever see are tire kickers.” “I am only making a show for the owner.”   Yet, every weekend we see houses held open across Canada.  And while some agents...