Blog by DOINA BIOLAN B.Comm

CANADA HOUSEHOLD DEBT RATIO

June 26th, 2013
  Canada Household Debt Ratio Falls for Second Time From Record By Theophilos Argitis - Jun 20, 2013 8:30 AM ET   The ratio of Canadian household debt to disposable income fell for a second quarter after reaching a record last year, suggesting consumers are heeding warnings about the risks of too much borrowing. Credit-market debt such as mortgages fell to 161.8 percent of dis ...
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Posted in General

HOMES SALES BOUNCE BACK

June 26th, 2013
  Home sales bounce back, but a rate test lies ahead TARA PERKINS - REAL ESTATE REPORTER The Globe and Mail Published Monday, Jun. 17 2013, 9:24 AM EDT Last updated Monday, Jun. 17 2013, 7:43 PM EDT   Recovering home sales and stable prices are causing some analysts to declare that the housing market will avoid a hard landing. But the market has yet to face its biggest tests – h ...
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Posted in Real estate

RISING INTEREST RATES

June 26th, 2013
Rising interest rates: Consumers, investors face sudden shift TARA PERKINS AND TIM KILADZE The Globe and Mail  Canadians accustomed to cheap money are quickly realizing that the era of rock-bottom rates could soon be coming to a close. Since the worst of the financial crisis, government interest rates in Canada and the United States have remained exceptionally low, and for th ...
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Posted in Mortgages

Biggest Flooding in Calgary since 1930's

June 21st, 2013
It looks like the worst is yet to come...the City just announced that Deerfoot Trail, the main highway from N-S witll close later tonight. I am praying really hard that Glenmore Reservoir will hold on and not break, that will be even more devastating. Losing the potable water is the worst that can happen, after all this..Pray, everyone...just pray..
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Posted in General

Calgary distroyed by flooding

June 21st, 2013
I never thought that I would live to see the day that Calgary will be under the state of emergency due to severe flooding..I went to see my doctor today and I could not stop crying all the way home, seeing all the devastation. I live in McKenzie Towne, not affected by the flooding. However, many roads are closed, downtown is under water, Princess Island Park under water, all around Stampede, ...
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Posted in General

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