The Humphries Family is Ready for Christmas!
  
We're not getting ready, we're ready all the time! The countdown to Santa coming starts at day 364 in the Humphries household.
This year, we managed to get all of our wrapping done and Christmas cards sent last week. We even got the baking done early this year... although we may need to bake some more... It doesn't seem to last!
Are you ready for Christmas this year? Or is it sneaking up on you, like it usually does for me?
Time is Money - An Interest Rate Comparison
At the December 7th meeting, the Bank of Canada is officially done rising rates … for this year, that is.
As expected, the BoC raised the overnight lending rate by a relatively modest 0.50%. 📈 This increases variable mortgage rates by $25 for every $100K of mortgage, so an $800K mortgage will increase by $200/month 👉 Justifying their decision, the Bank pointed to high global and broadly-based inflation as the primary reason for the continued policy rate increase.
What was interesting in this report is that there was no mention of “higher interest rates being required in the future.” This leads me to believe that the Bank feels that they are done for now. They believe that the economy will be flat through the end of this year and the first half of next year. Future rate hikes are not off the table, but they are now in wait-and-see mode.
Has the Bank gone too far? Do you think we have seen the last of the rate hikes? Let me know what you think!
Goonies and Christmas Story Houses Up for Sale!
I love movies and the idea of owning a little movie history. Both the Goonies and the Christmas Story houses are up for sale!
The Christmas Story house is located in Cleveland, Ohio and the price is 'confidential'.
The Goonies House is located in Astoria, Oregon is listed for 1.7mil USD. Apparently, the neighbor's house is listed for $500K + so we know this has to be overvalued by a cool million.
Article to the Christmas Story house: Click Here
Article for the Goonies House Click here
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