Saturday, September 25, 2010

Photos of Marilyn Monroe - Update

Hello Everyone

Why am I writing this blog in a letter format? Because I wish to thank everyone in first person. Thanks to all of you who have been following my blogs and sending me emails regarding them. I received a lot of feedback regarding the photos of Absolute Towers in Mississauga that I had posted. After all, a picture is worth a thousand words. And of course since I my formal education is in Architecture, I enjoy the Absolute Towers and their clever design even more.

So here we go; I was in Mississauga day before yesterday and I took some more pictures. Let's see if you can spot the difference in the amount of construction of the Absolute Towers between now and then. The link to the previous photos is as follows. Enjoy.
http://realestate1on1.blogspot.com/2010/05/photos-of-marilyn-monroe.html

Thank you.
Jagdeep Singh, B.Arch.
Real Estate Broker
647-287-4644





Sunday, September 12, 2010

Bank of Canada's Interest Rate Hike

Economists have been predicting with about sixty percent likelihood that September 8th, the Bank of Canada would raise rates again by another quarter point. It turns out, the economists were right. The BoC has announced that the overnight rate will increase by an additional quarter percentage point to 1 percent. The real question now is what this means for the economy as a whole, and the housing market in particular.

With the increase to 1 percent for the overnight rate, the Bank Rate is correspondingly 1.25 percent, and the deposit rate is .75 percent. Financial conditions in Canada have tightened modestly since April, with the changing monetary policy measures, but overall still remains highly simulative from a global perspective. This increase is consistent with the previously stated objective of achieving a 2 percent inflation target by next year. The global economy and Canadian economic indicators are what drove today’s decision to increase the rate. Canada’s economic recovery is expected to be more gradual that the July Monetary Policy Report had suggested, although the dynamics of inflation have remained fairly consistent.

The Bank of Canada’s second quarter projections were slightly more optimistic than how economic activity panned out, however consumption and investment has evolved in line with targeted expectations. Accommodative credit conditions due primarily to sharp declines in global bond yields in recent weeks support the expectation that consumption growth will remain solid and business investment in Canada will rise strongly.