Interesting times to launch my first ever blog which I aim to be a mixture of fun, philosophy, and of course, real estate. Here we are in one of my favorite times of the year- October.
Leaves falling- in West Vancouver, just like their high end housing market. Apparently the overseas investor has decided to shake their two hundered year old elms a little bit- while here in the Fraser Valley, as I peek out of my window, the trees seem as full as they were in July, with a slightly different hue. Yes, it's different out here, where if the market drops 5%, it doesn't mean you just lost a new Bentley.
Baseball- The Blue Jays have once again made it to the Playoffs and are now sitting down 3 games to 1 to the Cleveland Indians in the ALCS finals. Oh boy! Being a transplanted Bramptonian, it's hard to find many things to cheer for out of Ontario these days, and I do hope the cheering keeps going for at least a little while longer. One game at a time. Meanwhile, the Toronto housing market continues to ramp up speed. I wonder if that has anything to do with the fact that the Provincial Government has decided not to meddle in a free market economy, or perhaps it's that people investing in that market are not afraid that they will be retro-actively taxed? Who knows? Maybe everyone just wants to live somewhere where they always get to see the Leafs falling?
Hockey- Speaking of Leafs falling....wait, they haven't yet?? Just another reason to love October.
The Economy- Bank of Canada just announced that they will be keeping the lending rate at .5% and predict a massive growth of 1% for this year followed by a resounding increase for 2017 all the way up to 2%! They have blamed the slower than expected growth on, among other things, the slowing housing market. (Once again, wayto go Christy Clark!)
Halloween- Tip of the Day- Apparently we have to stay away from Creepy Clowns this year- as if there was ever any other kind!
Food for thought- 3 weeks left to find out if we're in the frying pan or in the fire. If you were an American, it would almost be better to abstain.
See you next week!