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Thursday, April 16, 2015

Bank of Canada Warns of Real Estate Price Drop in Canada!

What goes UP, must come DOWN. This includes real estate prices in Canada, particularly in Toronto and Vancouver which has become historically absurd and categorically unaffordable.

With the Bank of Canada lowering interest rates, commercial banks have lowered mortgage rates in a desperate attempt to keep this market in positive territory.

Wednesday, April 15, 2015

China Slowdown affecting its Neighbors

China slowdown hampering neighbouring economies , The world's second largest economy experienced its slowest growth in six years last quarter. A fall in manufacturing and retail sales, as well as a decreased growth rate of seven percent has had a deleterious effect on neighbouring economies.