Low Rates Bail Out Housing
By Garry Marr, Financial Post
Rock-bottom long-term mortgage rates appear to have handed the housing sector the lifeline it desperately needs, helping to push up sales for a second consecutive month and keep prices from falling.
The Canadian Real Estate Association said yesterday sales last month rose 3% from August on a seasonally adjusted annualized basis -- highest since May 2010 -- and the second straight month sales rose.
Meanwhile, prices have also begun to stabilize as fears of a dramatic meltdown appear to be abating. The average price of a home sold in Canada last month was $331,089, down slightly from the $331,683 average a year ago. But prices were up from a month earlier, when the average was $324,928.
For the rest of the story, click here. |
Importance of Doing a Home Inventory
The recent fire at 200 Wellesley should come as a wakeup call to all us - through no fault of our own, we could be evacuated from our homes.
And depending on the severity of the damage, some tenants of that building will have to replace many of their belongings.
However, having a good insurance policy is just the beginning - whether it's necessary to replace items due to theft or damage, we first have to prove which items we had and the value.
That's where a detailed home inventory comes into play.
The basics include writing down all big ticket items (with serial numbers where applicable) and a video camera can help document this.
Click here for more information
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Welcome to my newsletter for October, 2010.
