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"Real
Estate Bits - 2"
December 2008
Money Matters
Presented By: Nino Pasquariello - Manager - Scotiabank
Yonge and Eglinton Branch
(416) 932-3885 #7000
E-Mail:
nino.pasquariello@scotiabank.com
Bear Market … Bull Market
Terms used to describe how the stock market is performing. A bear market is an extended period of falling share prices while a bull market is characterized by increasing share prices.
Why It Matters:
Stock markets typically swing between bear and bull markets (which are generally considered to mirror the health of the economy) in cycles of several months or years. Some investors try to profit by buying stocks when prices are low and selling when prices are high. However, timing the market is difficult and risky. The safest strategy is to purchase stocks using fixed, regularly timed investments and hold them over the long term.
Canada’s Banking System
By Jacqueline Ellingson Financial Advisor, Ottewell Shopping Centre Branch, Edmonton, Alberta
In today's slowing economic climate, Canadians are asking many questions about their finances. After the problems that U.S. banks have been experiencing, it's only natural that one of those questions concerns the strength of Canada's banks. The good news is that our banking system is very sound.
Indeed, a recent survey by the World Economic Forum found that Canada has "the world's soundest banking system." And the International Monetary Fund has concluded that Canada's financial system is mature and able to withstand sizeable shocks.
So even though Canada is connected to the rest of the world and is affected by global events, our banking system is strong and stable. It has strict financial regulations and built-in safeguards, such as very strong capital requirements.
I also let clients know about the
Canadian Deposit Insurance Corporation (CDIC).
Bank deposits and other short-term deposits that mature in five years or less are eligible for CDIC insurance to the amount of $100,000. The CDIC website has a wealth of information about the protection available to Canadians.
So even though there have been some global financial challenges lately, Canada's banking system is strong and well capitalized.
Regards,
Nino
Pasquariello.
With Sincere, Best Wishes For A Happy & Prosperous 2009.
Tricks Of The Trade:
Regards,
Rosemary...
Okay, Okay - Here's The Joke …
Another
Really Bad Joke
Understanding Women - Yes, Men - It Is Possible …
Fine: This is the word women use to end an argument when they are right and you need to shut up.
Five Minutes: If she is getting dressed, this means a half an hour. Five minutes is only five minutes if you have just been given five more minutes to watch the game before helping around the house before the guests arrive.
Nothing: This is the calm before the proverbial storm. This means something and you should always be on your toes. Arguments that begin with nothing usually end in fine and as mentioned earlier you need to pay attention.
Go Ahead: This is a dare – this is not permission. Don't Do It!
Loud Sigh: This is actually a word, but is a non-verbal statement often misunderstood by men. A loud sigh means she thinks you are an idiot and wonders why she is wasting her time standing here and arguing with you about nothing. (Refer back to # 3 for the meaning of nothing.)
That's Okay: This is one of the most dangerous statements that a woman can make to a man. That's okay means she wants to think long and hard before deciding how and when you will pay for your mistake.
Thanks: A woman is thanking you, do not question, or faint. Just say you're welcome. (I want to add in a clause here - This is true, unless she says “Thanks a lot” - that is pure sarcasm and she is not thanking you at all. Do Not say “You're Welcome” - that will bring on a prompt “whatever”.
Whatever: Is a woman's way of saying a very polite “happy motoring”.
Don't Worry About It: I got it. Another dangerous statement, meaning this is something that a woman has told a man to do several times, but is now doing it herself. This will later result in a man asking 'What's wrong?' For the woman's response refer to # 3.
Mid-Month Market Update:
CD Howe / U of T Study Shows Land Transfer Tax Having Impact
December 10, 2008 - Supported by a recent independent analysis showing the impact of the Toronto Land Transfer Tax. TREB is continuing the fight to eliminate this unfair tax.
Land Transfer Tax Has Reduced Sales
The analysis of the Toronto Land Transfer Tax was conducted by respected economists from the C.D. Howe Institute and the University of Toronto. It determined that this unfair tax this tax is directly responsible for reducing sales in the City of Toronto by about 16%. According to the study, this means approximately 3500 lost transactions of freehold homes in Toronto in the first year of the tax. Including condominiums, TREB estimates that the total impact could be approximately 5000 lost transactions as a result of the Toronto Land Transfer Tax. The authors of the study carefully controlled for all other potential influencing factors, including broader economic trends, and are therefore confident that their results isolate the impact of the Toronto Land Transfer Tax.
Land Transfer Tax Has Impacted Economy
A separate study conducted for the Canadian Real Estate Association determined that every re-sale housing transaction pumps $33,425 of spin-off consumer spending into the economy on things like renovations, furniture, and appliances. This means that, by causing a loss of 5000 sales, the Toronto Land Transfer Tax has cost the city’s economy about $170,000,000 - and that is significant.
Help TREB Fight
The analysis expects the Land Transfer Tax to continue having a negative impact on Toronto’s real estate markets, which is why it is important for REALTORS® to fight this tax now and over the long-term. The next Municipal election will be critical and your voice can be heard if you vote.
Year End TREB statistics will be available in early January 2009.
Ask An Expert?
These are just some of the professionals who can help you
with your home ownership concerns. If you subsequently
choose to establish a business relationship with any
person/company then you should be sure to define the
specific details of the relationship or business contract
before you proceed.
-
Ask An Interior Decorator?
-
Ask A Kitchenware Retailer?
-
Ask A Landscape Designer?
-
Ask An Employment Lawyer?
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Ask A Banker/Mortgage Broker?
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Ask A Firecode/Retrofit Specialist?
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Ask A Garden Sculpture Specialist?
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Ask A Basement Waterproofing Specialist?
Business Referrals
Client & Networking referrals are the foundation of a
successful real estate sales representative's career. Over many years in
this industry I have enjoyed the confidence and repeat
business of my clients. I appreciate your on-going support
and want you to know that I will always look after friends
and colleagues you refer to me with professionalism, care
and respect.
Rosemary Wright
Sales Representative
Sutton Group-Bayview Realty Inc., Brokerage
Independently Owned & Operated
(Bus): (416) 483-8000
(Fax): (416) 463-0159
WebSite:
www.rosemarywright.com
E-Mail:
mail@rosemarywright.com
Direct
Page: (416) 582-1216
"Professional Service With A Personal Touch"
This newsletter is never sent unsolicited. If you wish to
be removed, please reply to this
E-Mail with the words "Remove from Newsletter" in the
subject line or call me at
(416) 483-8000 to request removal.
The intent of the newsletters - "Real Estate Bits" &
"Real Estate Bits - 2" is to provide information to you
regarding real estate. Personal details such as your
name, contact information and address are never revealed
to anyone without your consent. In accordance with the
new
Privacy Act,
your consent must be given
(either implicitly or explicitly) to receive these
newsletters.If you do not want to receive my newsletters
- please notify me. My newsletters are not
intended to solicit Buyers or Sellers who are currently
under contract with any Broker.
The information and opinions contained, statistics and
articles are courtesy of TREB, CMHC or other individuals
or companies and are believed to be reliable, but their
accuracy is not guaranteed. Sutton Group-Bayview Realty
Inc., Brokerage and Rosemary Wright accept no
responsibility whatsoever for any loss arising from any
use or reliance on the accuracy and timeliness of the
information contained herein. Every endeavour is made to
ensure accuracy. These newsletters do not render
financial, legal, accounting, home inspection or
professional advice. They are for general educational
purposes only. They do not offer do-it-yourself advice.
We encourage you to always contact the appropriate
professionals or specialists to address your individual
needs.
E&OE
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