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Wednesday , 29 March 2017

Monthly Archives: July 2014

“Orderly adjustments” in store for Toronto housing market: TD Economics

Forecasting how the Canadian housing market will perform in coming months continues to test the abilities of any who attempt it. It would be much easier, of course, if the market behaved as it was supposed to. The latest effort, from TD Economics, begins by explaining that back in January “we were expecting mortgage rates to creep up.” In fact, mortgage rates “unexpectedly reversed course” in March. Today, five-year mortgage rates are at their lowest on record. In light of that new reality, TD has “upgraded” its expectations for sales and prices in 2014 and 2015. Also, following that awful winter, May home sales shot up “well above” their ten-year average. ... Read More »

Mortgage just component of financial strategy for the wealthy

A lot of homeowners who have mortgages say that if they came into a lump sum of money they would immediately use it to pay off their mortgage. Becoming mortgage free is a financial goal for many Canadians. The banks and the government encourage this. Indebtedness, even with “good” debt like a mortgage, is to be avoided if reasonably possible, goes the conventional wisdom. Better to pay off the mortgage quickly and free up all that money for other things, like saving for retirement. But like everything else that pertains to money, there’s more than one way to look at a mortgage. Different rules may apply, for example, to those ... Read More »

When does 100 grams equal 7.2 kilograms?

The backyard barbecue is one of summer’s greatest pleasures for many, and steaks, chops and burgers are some of the top picks for a barbecue party menu (vegetarians and vegans aside). For many of us, there’s nothing better than the smoky, fatty smell of grilling beef or lamb on a hot summer afternoon. Caught up in the pleasures of the moment—cold beer, hot burgers, good company, beautiful day—who has time to think about the bigger picture? All we’re trying to do here is have a little fun with the family and friends. The trouble is, the bigger picture won’t go away just because we ignore it, and it’s not pretty. ... Read More »

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