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too bad they can't see the importance as the ... Feds rule out high-speed rail funding for Windsor-Quebec corridor http://ping.fm/6n2g8
Wednesday, November 9, 2011
Monday, November 7, 2011
in the crea news
The Bank of Canada kept its trend-setting Bank Rate at 1.25 per cent on October 25, 2011. This marks the ninth consecutive announcement in which interest rates have been held steady.
The tone of the accompanying statement was very dovish, with the Bank noting that “the global economy has slowed markedly as several downside risks to the projection outlined in the Bank’s July Monetary Policy Report (MPR) have been realized.”
Of particular note, the Bank said it now expects a “brief recession” in the Eurozone. The Bank remains of the opinion that the euro-area crisis will be contained, but flagged obvious downside risks to that assumption.
As a result of this and other factors, the Bank has downgraded its forecast Canadian economic growth this year (2.1% compared to 2.8% in the July MPR) and for 2012 (1.9% compared to 2.6% in the July MPR).
That said, the outlook for growth in 2013 was upgraded to 2.9% from 2.1%, indicating the Bank believes that anticipated stronger growth will eventually be achieved. Along with the return of more robust economic activity being pushed further out into the future, core inflation is now expected to remain below the Bank’s 2% target until the end of 2013.
What it all means is that interest rates will likely be on hold even longer. Expectations as to how long it would be before the Bank hikes rates had previously centered around the fall of 2012, although it will now more likely be into 2013 before the Bank begins to tighten monetary policy from current levels.
As of October 25, 2011, the advertised five-year lending rate stood at 5.29 per cent. This is down 0.1 percentage points from 5.39 per cent on September 7, when the Bank made its last policy interest rate announcement.
The Bank will make its next scheduled rate announcement on December 6th, 2011.
http://creastats.crea.ca/natl/interest_rate_trends.htm
(CREA 10/25/2011)
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Emailing: CMHC Housing Research e-Newsletter 2011-11-07
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Fw: Forget the Stock Markets - Real Value is Canadian Housing
Jonathan J. Knight
Broker
RE/MAX Clearview Inc. Brokerage
202 Montreal St, Stayner L0M 1S0
705 428 4500 - office
705 441 6839 - direct
705 428 5951 - fax
877 441 6839 - free
www.jonjknight.com
looking for real estate?
www.letmeknow.ca
Broker
RE/MAX Clearview Inc. Brokerage
202 Montreal St, Stayner L0M 1S0
705 428 4500 - office
705 441 6839 - direct
705 428 5951 - fax
877 441 6839 - free
www.jonjknight.com
looking for real estate?
www.letmeknow.ca
From: "Michael Polzler " <remaxinfo@remax-oa.com>
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Date: Mon, 7 Nov 2011 08:09:47 -0500
To: <jonjknight@gmail.com>
Subject: Forget the Stock Markets - Real Value is Canadian Housing
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Saturday, October 29, 2011
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