Halloween Candy For Sale!
  
Our kids are willing to sell us their Halloween candy, and apparently it’s a seller’s market. They collected so much candy!
Bids start at no less than $90, with one seller demanding $1,000 or more for her stock. Before we make an offer, we’d like to ask what the current market value of similar sweets is.... They're driving a hard bargain!
Time is Money - An Interest Rate Comparison
Yes, it now costs that much more to borrow money in Canada.
This means with the same parameters, buyers are qualifying for less and paying more for the mortgages they are able to get. However, it’s not all bad news heading into the final stretch of 2022.
The good news is that the Bank of Canada’s latest Policy Rate increase reflects a more balanced approach, and for good reason. With a recession looming, it’s time for our government to ease up on economic intervention in favour of respecting the Canadian citizens who will carry the burden of downstream effects for years to come.
So you're telling me there's a chance.
The Bank of Canada clearly said in their press release that there would need to be further rate hikes in order to combat inflation. It was also mentioned that any future rate hikes would be data-dependent.
Channelling my inner-Lloyd Christmas, it felt like we were going to be given a chance to have some clarity and stability in the rates, and that the days of massive rate hikes were in the past.
The chances may be one-in-a-million, but it felt like some stability in the rates might be the news that prospective homeowners would need to get off the fence and get the housing market back on the rails.
I’ve got my fingers crossed for the housing market to get back on track in the Spring. Yeah!
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