In every moment, in every situation, the January 31, 2010
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In every moment, in every situation, there is some small detail you can attend to, some small challenge you can embrace.
Survey Links Homebuying and Happiness…. January 31, 2010
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A survey was recently done by Genworth Financial’s First-Time Homebuyer’s Monitor and the Canadians surveyed said they would feel more financially secure if they owned their own home and 84 per cent revealed owning a home gives them a greater sense of emotional well-being and security.
This is encouraging feedback as it shows that even in today’s economy, people are living and striving for the dream of home ownership.
The survey focused on measuring both the financial and psychological factors of home ownership and explored the link between owning a home and self-fulfillment. Resutls were similar for regions across the country, with respondents in Montreal placing the least value on home ownership and those in Vancouver placing the most.
By making sure that the mundane and tedi January 30, 2010
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By making sure that the mundane and tedious tasks are taken care of, you open the door to exciting, impressive and spectacular results.
Small challenges give you the opportunit January 30, 2010
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Small challenges give you the opportunity to build strength; big challenges give you the opportunity to make valuable use of that strength.
Magnificent day – cold, crisp, clear, -2 January 30, 2010
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Magnificent day – cold, crisp, clear, -22 degrees Celcius, snow on the ground and the sun is shining! I am so blessed. Thank you Universe!
When you really want something you find January 29, 2010
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When you really want something you find a way, when you don’t you find an excuse. Quote Robert Allen
You can take what you’ve been doing and January 29, 2010
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You can take what you’ve been doing and do it a little better. You can take what you know and use it as a basis for learning more.
The Path of the US Economic Recovery…. January 28, 2010
Posted by Mary Pougnet in Finance, Housing, Mortgage Backed Loans, Mortgages, Real Estate in Canada, Women and Finance.Tags: home financing, home investment, investing in real estate in the United States, mortgage, mortgage agent, mortgage rates, refinancing a mortgage, renewing mortgage, U. S. housing market, US Economy, women and mortgages
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US economic activity has continued to strengthen since the December meeting.
- Consumer spending has been moderately expanding but weak labor markets continue to hamper spending.
- Employers are still not hiring, indicating that a full blown consumer led recovery is well into the future, and as such increases in interest rates are well off.
- Financial markets have stabilized and are supportive of economic growth, despite a continued contraction in bank lending.
- The US Fed anticipates that inflation in the mid to long term will remain stable and subdued, further supporting no increases in interest rates (Inflation is a non-issue).
- The Fed is now not expected to increase rates until 2011.
- Of interest is the fact that the vote was not unanimous. One governor voted in favor of wording changes.
Implications:
- Canada to expect slow growth from the US spillover.
- Canadian inflation should thus be subdued for a period as well (we could see resource inflation though).
- The implication is that Carney’s conditional commitment to hold Canadian rates till at least June is now firmly entrenched.
Islamic financing in Canada legal, but still poses hurdles January 27, 2010
Posted by Mary Pougnet in Finance, Housing, Mortgage Backed Loans, Mortgages, Real Estate in Canada, Women and Finance.Tags: first home buyer, home financing, mortgage agent, Mortgages, Shariah compliant mortgages
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News just in – Shariah-compliant mortgages and other types of Islamic financing would be legal in Canada, but the CMHC has no plans to insure them or change any legislation or administrative practices to accommodate them, concluded a report.
“Islamic financial products should not present any particular difficulties under Canadian accounting standards,” said a study conducted by the CMHC that noted the growing demand for these types of loans.
Based on a principle forbidding the charge of interest on loans, a Shariah-compliant mortgage would position the lender and the purchaser together as equity partners in a home. A monthly rent is paid with principal to the lender that is “putting up the rest of the purchase price,” explained a report from the Canadian Press.
This type of arrangement creates some obstacle for lenders, concluded the CMHC report, suggesting that private entities are free to pursue this type of financing for the approximately 700,000 Canadian Muslims that could be interested.
The Rotary Club of Collingwood raised $2 January 26, 2010
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The Rotary Club of Collingwood raised $20,000 for Haiti at an event they facilitated last Sunday. I am so proud to be a Rotarian!
