Fears of U.S. recession fading; Canada’s terms of trade boost continues

The economy continued to expand in the first quarter, but posted the weakest six-month growth rate since 2003. The economy is
expected to remain weak, but market forecasters see reduced odds of a recession despite higher-than-expected energy prices.

Risks of a second-quarter contraction are lessening as the […]

Ontario “” A two-tiered economy
The first-quarter national accounts for Canada provided quite possibly the first“hard” evidence that a downbeat scenario is, indeed, unfolding in Ontario. Theunexpected decline in Canadian real GDP most likely captured a sizeable economiccontraction in Ontario with the international trade sector delivering muchof the bad news.
Early this year, Ontario’s exports were […]

Not out of the woods yet!
Most news about the U.S. economy has tended to be on the strong side ofexpectations, but one key item suggests that the economy is not out of thewoods yet. The April survey of senior loan officers at 56 domestic banks and 21U.S. branches of foreign banks showed that lending standards […]

Housing market “” No relief
The U.S. housing market recession continues in full swing, with home salesrunning at least 20% slower than a year earlier, prices posting significant yearover-year declines and the stock of homes for sale holding well above historicalnorms. Residential investment fell at a 24.6% annual rate in the first quarter afterplummeting 25.2% in […]

Housing market losing its edge but not headed for a crash
Canada’s resale housing market showed signs of slowing early in the secondquarter with sales off 1% from the first quarter of 2008 following three consecutivequarterly declines. However, sales continue to run well above the averagepace of the past 20 years. While strong demand boosted prices, […]

These are the Mississauga Real Estate Current Mortgage Interest rates

TERM
POSTED
OUR RATES*

6 Month
6.2%
6.2%

1 Year
6.95%
5.05%

2 Year
7%
5.25%

3 Year
7%
5.14%

4 Year
6.99%
5.54%

5 Year
7.15%
5.37%

7 Year
7.6%
5.8%

10 Year
7.95%
5.9%

Variable Rate
4%

Prime Rate
4.75%

* Rates may vary provincially and are subject to change without notice. Rates Last Updated: Thursday, July 31, 2008

Read more about:

Interest Rates
Power of Sale Properties
Price Trends
or Search the MLS and more at […]

Hello,I hope you are enjoying your summer and have taken time for vacation and relaxation. Let me ask you this. Is the market slowing down? Or is it just stabilizing? 2007 was a record year for home sales in Canada with 520,192 sales through MLS. We really can’t get spoiled and expect it […]

If you’re thinking of moving this year, you’ll be glad to hear that the forecast for the Canadian real estate market continues to look positive for 2008. The Canadian economy continues to thrive with a high employment rate, a strong dollar and a relatively low cost of borrowing. In fact, more ?rst-time purchasers are expected […]

Current mortgage interest rates in the Mississauga area

Terms Posted Rates Our Rates 1 YEAR 6.95% 5.05% 2 YEARS 7.00% 5.25% 3 YEARS 7.00% 5.25% 4 YEARS 6.99% 5.50% 5 YEARS 7.15% 5.24% 7 YEARS 7.60% 5.80% 10 YEARS 7.95% 5.90% Rates are subject to change without notice. *OAC E&OE

[…]

Current and Future Trends in Seniors Housing are –
i. A landowner who wants to know what to develop
ii. A developer who wants to hear his choices in the Over 50s Market
iii. An Architect who needs to know what the Boomer Market is buying
iv. An existing Aged Care Housing provider who wonders if there are […]