The Bank of Canada raised its overnight lending rate by 0.25%. This will lead all the major banks to raise their Prime Rate to 3.00% by the end of the week. The announcement indicated that the Bank thinks that economic growth will be difficult given the high unemployment in the USA and other economic factors in Europe and other mature economies, but that the current rate is historically very low and could be increased without much of an impact on the economy. If the Bank raises their ...
What is Reverse Osmosis? Reverse osmosis (R/O) is a water treatment process in which water is forced through a semi-permeable membrane that has very small holes or "pores". Clean water passes through and impurities that are too big to pass through the membrane are left behind and flushed away. Do I Need a Reverse Osmosis Unit? It is presumed in this document that the water you are using meets all health regulations and is known to be safe. If your municipality ...
GDP grew by 0.5% in the second quarter, after increasing by 1.4% in the first quarter. This is well below the expected 2.5% by many analysts. It is no wonder: although the unemployment rate has dropped it seems that things aren’t chugging along as robustly as some may think. The USA is still in turmoil from an economic standpoint, and our exports are suffering. Hopefully our manufacturers are using the high Loonie to purchase equipment to make them more efficient. While some people ...
I just recently received a report for the Teranet-National Bank House Price Index indicating that house prices were up 1.5% in June. Keep in mind, this index is not the same as the average price, but rather and index that tracks the performance of house prices nationally, an index very similar to the Case-Shiller Index in the States. The report indicated, that the June numbers, at a national level continued the best string of consecutive monthly price increases since October 2006 bringing ...
As we look at the numbers for the July sales figures for Guelph Real Estate sales, we continue to see the pattern heading towards a balanced market. On a month to month basis, the dollar volume is down almost 20 percent, unit sales down almost 30 percent and the active listings up 10 percent. The average price is still holding its increase just short of 12 percent. On an annual basis, comparing numbers to the same time period last year, we see a very different picture. ...
There were 100,000 homes in Canada insulated with UFFI, and as a result every Agreement of Purchase and Sale contains an UFFI representation clause. Today there are 50,000 confirmed grow ops in Canada, and this number is “growing”. Even though the consequences from a health and financial perspective are much more serious for an unsuspecting Buyer, there is no ‘criminal activity’ clause in Agreements of Purchase and Sale dealing with grow ops. There should be a ‘criminal activity’ ...
Updated 08-18-2010 at 08:50 AM by Don Travers
Fixed Rates are coming down. Most lenders with give clients a 120 day rate hold of 4.19% for a 5 year fixed rate term, and some are giving lower rates depending on the size of mortgage, closing date, and limited features (like only being able to pay monthly). We will probably see 5 year fixed rates settle in the high 3 per cent range as more and more economists and consumers predict the US is going to slip into another recession or suffer deflation. The perplexing picture in all this ...
Painting is not the chore it used to be. A professional look is now easier to achieve. Whatever your project, talk to the paint experts where you purchase your paint. They are a valuable resource. If you are having a hard time visualizing the colour, inexpensive computer software programs can allow you to try out different colours. Or, there may be a decorating service where you buy your paint. Selecting paints There are two main types of paint depending ...
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