Mississauga Real Estate Blog

So here is some good news. The Bank of Canada announced this week that interest rates will remain low for the next 14 months. So we are at historical lows and prices are more attractive then in the last few years. This is all very good news, but why do most people remain on the fence. Simple, we don’t trust the media or the government to tell us the truth. So folks do the math. You can lock in a 5 year mortgage in around 3.5 percent and lower if you have an open variable. So don’t be afraid if you see a deal or if you want to start buying investment properties. Do you homework and take advantage of these interest rates while you can. We may never see them this low again.

Talk to you soon.

Todd

Has anyone looked up the definition of HARMONY and of course HARMONIZATION. Well with the latest brain storm of our government perhaps they should look up the meaning of DEPRESSION or perhaps FINANCIAL RUIN. This is by far one of the stupidest things they could possibly do right now and of course they think that it will help. HELLO!

So in their infinite wisdom they believe that adding taxes to services that are already struggling in a questionable economy is the solution. Also new home sales over $400,000. OK, so let’s tax the one thing to death that has kept Canada in the lead in the world economy, Real Estate. Wow, they are genuises! So let’s make it harder and more expensive for everyone to secure the most stable thing our economy has going for it, but in the mean time you want to bail every poorly run corporation out so they can make the same mistake again.

As a self employed average consumer I am insulted by this and keep wondering what it really takes to be a government official. I am sure that since they want to make it hard on everyone else, they are willing to take a pay cut, you know, just to show us they really care. HA! So my advice, start buying Real Estate and make some money on it before it costs more then just tax dollars.

Talk to you soon

TCS