Posts by W. Rick Harris
The Yes; No and Maybe So Crystal Ball of the Bank of Canada
Yes, No, Maybe So Crystal Ball According to a new REP (Real Estate Professional) blog they referenced that “The Bank of Canada, in its first policy announcement of 2019, said the recent drop in crude prices would result in slower-than-expected growth in an economy that has otherwise been performing well. The bank is now projecting…
Beware First Time Home Buyers Government Assault on Your Bravery
Your First Attempt The government uses your desire to be a first-time home buyer to try and buy votes; taking direct aim at your financial bravery. There is no financial risk to the government; it is not their money. What’s another deficit to most governments? I try not to make my blog about politics; I…
Canadians in Financial Ruin; Where are The Reliable Solutions?
Are Your Finances Scaring Your Pants Right Off of You? One of This Week’s Headlines; Nearly half of Canadians are within $200 of financial insolvency: poll Besides being a headline to unnerve you as a Canadian, it is only one in a succession of headlines over the years. Past Headlines: 2017-05-08 · More than half of…
Crushing Home Ownership Dreams; Watch Your Destiny Destroyed
Home Ownership in Canada is Over!! Recently CHMC wrote that Home Ownership in Canada is over; is this fact or fiction? The head of Canada’s housing-market watchdog says this country places too much value in the dream of homeownership. “In places like Paris and Sydney and Hong Kong and Buenos Aires [and New York], people rent.…