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Why The Bank of Canada Won’t be Raising Rates Soon

June 23, 2011 Economic Fundamentals

Today I was at the dentist for a cleaning and checkup. (It doesn’t matter how old I get, it’s always nice to hear them say ‘no cavities’.) My dentist has nice TV’s at every chair, so I dialed in some BNN. I had a nice chat with my hygenist who said something along the lines [...]

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Edmonton Real Estate Board 2011 House Price Forecast – Part 2

January 12, 2011 Economic Fundamentals
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[Ed Note: If you've surfed here looking for the price of your own home, you can signup for a free market evaluation on my main site.] And we’re back from the break! This time it’s Patrick Shaver from UDI. When will people learn to stop using bad pictures on their powerpoint slides. This is mostly residential housing [...]

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Edmonton Real Estate Board 2011 House Price Forecast – Part 1

January 12, 2011 Economic Fundamentals
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I’m blogging this morning from the EREB 2011 Housing market forecast at the Shaw Conference Center. It took me a bit to get here, and Lord only knows where I’m parked, but I’m here. The schedule of events for today: Welcome and Opening – Ron Hutchinson, EVP, REALTORS® Association of Edmonton Edmonton’s Strength – Garth [...]

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Your House Is NOT A Damn ATM (and 5 Other Things We Agree On)

November 10, 2010 Investing
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Inspired by this weeks’s entertainment, I got thinking about the commonalities of real estate, economics and investment blogs, whatever their slant. I think there’s a lot we can agree on. Your house is not a damn ATM If you put a HELOC (home equity line of credit) on your home, be damn careful what you [...]

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BofC Overnight Target Up 0.25%

September 9, 2010 Financing

As many expected, the Bank of Canada raised rates 0.25%, making the overnight rate 1%. Most banks followed suit, making the prime rate 3%. Here’s the high points from the press release (via Canadian Mortgage Trends) “…Consumption growth is expected to remain solid and business investment to rise strongly.” “The Bank now expects the economic [...]

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ACRE Weekend Resources for Newbies

November 7, 2009 REIN
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Well, Saturday morning in Calgary will find a bunch of people in a room with Russell Westcott, Don Campbell and a bunch of exceptionally successful real estate investors. I wish I could be there, meeting people, seeing what’s new and being inspired. It’s an ACREs (Authentic Canadian Real Estate Seminar) weekend, put on by REIN. [...]

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Tomorrow’s News: Negative CPI is not Deflation

July 16, 2009 Economic Fundamentals

Stephen Gordon writes one of my favorite blogs on economics, and pointed out something interesting about what’s going to hit the news tomorrow. The CPI will be negative. This does not mean we’re headed for deflation. Brace yourself for stupid news articles in advance. As Dr. Gordon explains here: Tomorrow’s headline inflation number will be [...]

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