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Bank of Canada faces interest rate dilemma
The Bank of Canada had been expected to start raising interest rates in September, but is now likely to keep them on hold or even announce a cut, experts say.
Canada's central bank is due to make an announcement on rates in September, on the heels of the recent decision by the U.S. Federal Reserve Bank to keep interest rates south of the border low and stable for two years.
CBC business commentator Michael Hlinka, who also teaches at the University of Toronto School of Continuing Studies, is among those to predict a cut in Canadian rates. He calls the announcement by the U.S. Federal Reserve "extraordinary" and also "short-sighted and utterly clueless."
"I've never heard of a central bank in North America ever put an extended time frame on interest rates like this," said Hlinka, not even after the Sept. 11, 2001, attacks.
Click here for the full story |
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First time buyers: Some unexpected expenses
I've been a homeowner in Vancouver for three months, and in that time, I have spent nearly $10,000 on house-related expenses - not including my mortgage payments.
This includes closing costs, renovations, furniture, property tax, monthly maintenance fees, and utilities. While none of the $10,000 of expenses have been a surprise to me, it's still seems like a staggering amount of money when I added it all up. Especially for a single, first-time homeowner, who just so happens to be living in one of the most expensive cities in Canada.
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Contact Me
 
Michelle Brienza
email
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Phone: (416) 410-5761
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Market chaos could help housing sector
The upside in a global stock market rout may ironically be a healthier housing market - at least in the short term, say economists. "The housing market has nine lives. Every time interest rates are supposed to go down, something happens and it helps to keep the market going," said Benjamin Tal, senior economist at CIBC World Markets. Click here for the full story |
Real Estate Investor Seminar: Thursday September 8th
Have you ever considered real estate as part of your investment portfolio, but didn't know where to find more information? Please join me at one of my next Investor's Workshops - Thursday September 8th. There's no cost or obligation involved. We will be speaking about how to develop an investor's mindset, how to act when opportunity knocks and how you can save thousands of dollars when purchasing an income property. Click here for more information |
Two bedroom apartment in triplex for rent: $975
Just blocks away from the lake, this 2 bedroom basement apartment in a triplex house is a must see! Fully renovated with new laminate floors, pot lights, new appliances, 8 foot high ceiling and large windows.
There is a large jacuzzi tub in the bathroom that has a sauna feel to it. This unit will be available either September 1st., or Sept 15th, 2011.
There is a backyard, central air, two entrances to the house, basement laundry facility and parking. Area amenities: TTC, GO, parks, bike trails/walk trails, short walk to the lake, 9 minutes to downtown and a short drive to airport. (No indoor smoking permitted). You' ll love what you see! Asking $975 plus utilitiesClick here for more photos or call me at 416 410-5761 to see the apartment. |
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I hope that you have been enjoying your summer so far and doing lots of fun and exciting things. The most exciting thing I've done this summer is get my scuba diving certification! This weekend I will be up in Tobermory doing 4 dives to get my open water certification.