December 2008 
There are 2 blog entries for December 2008.
Perspective - Crisis or Opportunity?
You may get tired of hearing it, but now more so than ever before is a time to have perspective. Every day we hear people complain that they have lost so much in their stock portfolio or their house value and every time I say "Did you sell your house?" and the answer is always 'No' - 'Well then you haven't lost anything!' Remember, you only gain or lose on an investment when you sell it. Between the time you buy and the time you sell, the value is quite irrelevant unless you are trying to refinance. If you are buying, then this is a great time. Vendors are motivated, prices are down, cash flow is up and rates are dropping. Benjamin Tal was quoted last weekend as saying that he expects the markets to recover in early 2010 and when we look back at this time…
Bank of Canada cuts policy rate by 75 basis points
The Bank of Canada cut the overnight rate by 75 basis points to 1.50%, more than the consensus forecast for a 50 basis-point ease. The Bank highlighted that the global economic backdrop "has deteriorated significantly" and that financial markets "remain severely strained". The Bank also acknowledged that Canada's economy "is now entering a recession" and that the core inflation rate is likely to be lower than policymakers expected in October.
Today's 75 basis point cut combined with the cumulative 75 basis points of easing in October "provide timely and significant support to the Canadian economy," the Bank said. However, today's statement still leaves the door open to further cuts, although there is no commitment to do so as the Bank will "monitor…
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Last updated on: 2012-02-10 00:18:44
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- As first-time home buyers, we were pretty much overwhelmed by the whole process. Joe walked us through everything step by step and made the whole experience very positive and smooth. He was always available at our convenience, there was no time of the day he wouldn't meet with us. Joe was very attentive to our needs, very patient and helped us choose the right house we are so pleased with now. His professionalism and knowledge of the market are very impressive and make him the best agent out there. We would recommend Joe to anyone, and we will definitely use his services in the future when we are ready to upgrade. Thank you Joe for all the hard work.
- Anna and Lukasz Wrzosok
