Agent Blogs

I have just finished reviewing the below 2 timely articles, and would like to share the main points with everyone.  If you would like full copies of the articles, please email me at cory@ndlc.ca

ReMax 2010 Outlook Report.... ( Barrie Recap on Pages 13 and 14 )
"While Barrie's Economic performance during 2009 was relatively flat, the prognosis for 2010 is upbeat"
"Barrie's employment rate is one of the highest in Ontario, topped only by Ottawa"
"First-time buyers-many from the GTA- are expected to once again drive homebuying activity in 2010."

NATIONAL POST - Central bank may keep rates low: Dodge
" ... overnight target rate, now at the lower limit at 0.25%, could remain accommodative through 2015"
"The rate could rise to 2% in 2010-11 but stay below neutral for the rest of the period...."

CORY's NOTE: *** Currently Variable Rate Mortgage are around 2.00%-2.25%, if Prime Rate went up only 1.75% over the next 4-5 years, these mortgages would only get up to 3.75%-4.00%, making it a better option then a 5 year fixed. However, their will still be the additional element of risk that goes along with a Variable Rate Mortgage, however it does look like it may be becoming the better choice for my clients ***