Monthly Archives: January 2009

Interest Rate Watch

Interest Rate Watch If you read my previous post on the government’s $30 billion dollar stimulus package, you would know that we are experiencing some of the lowest interest rates in recent times. Click here to read about the interesting things the government is doing to help stimulate our economy. Term Rate 6 Months  5.20%(…)

More

$30 Billion Government Stimulus Package Should Help!

The government continues to lower its borrowing rates to stimulate the economy, but we can only expect an upturn once we start spending, according to Benjamin Tal, senior economist for CIBC. The public, however, isn’t spending because of their fears in the economy. It appears we are now caught up in the old classic chicken(…)

More

Markets, they are a changin’

According to latest figures from the Canadian Real Estate Association, house prices across Canada have dropped 11 per cent since the peak in May of $316,896, down to $280,880 in November, The drop is weighed more heavily in markets that experienced drastic upswings in property values. Benjamin Tal, a CIBC World Markets economist said that(…)

More

The Market Tables Have Turned

“How quickly the tables turned!” is the response of most economists when faced with the question about the current Canadian real estate market. Experts have seen markets swing from a seller’s market to a buyer’s market before, but not quite this quickly. CIBC World Markets economist Benjamin Tal said we have moved from a seller’s(…)

More