It's been a big week for big headlines:
Investors faced a turbulent week in both Canadian and US stock markets.
In a surprising move, the US Federal Reserve cut interest rates by three quarters of a percent.
The Bank of Canada cut interest rates by one quarter of a percent.
The spread between Canadian and US interest rates could hurt Canadian businesses.
Royal Bank is forecasting that housing affordability will improve in 2008, particularly in the western provinces, where it's been an acute problem.
The good news may be offset in Ontario where home owners are likely to see an increase in property tax - this time due to the province reassessing home values.
Buyer Beware: a major con job rocks would-be Toronto condo investors.
January 25, 2008
This Week In Real Estate |
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