Search found 26 matches

by theway
Mon Oct 20, 2008 2:49 pm
Forum: Mortgages
Topic: 40 years mortgages and no down payment- what do you think?
Replies: 8
Views: 6579

Re: 40 years mortgages and no down payment- what do you think?

if you get a 40 year mortgage and also you will be fueling the already high canadian real estate price inflation, which will only make the crash worse when it comes. http://www.inlinebusiness.com It looks like the crash in the Canadian real estate is picking up speed. I won't be surprised to see To...
by theway
Mon Oct 20, 2008 2:43 pm
Forum: Mortgages
Topic: First time condo owner - Fixed or variable mortgage?
Replies: 3
Views: 3593

Re: First time condo owner - Fixed or variable mortgage?

The interest rates are going much higher from here, to compensate for the horrendous inflation that's on the way. Most people are scared from deflation, because they see their home values decline, etc., however this won't last long, with all the money the world governments are printing (bailouts, ha...
by theway
Mon Oct 20, 2008 2:39 pm
Forum: Real Estate Investing
Topic: Canadian home prices almost double between 1997 and 2007
Replies: 6
Views: 4960

Re: Canadian home prices almost double between 1997 and 2007

Real estate is such an investment where there is minimum chance of loss if you are buying any property. It may not grow like it used to but you cant think of going down. There is a great chance of serious loss if you bought near the top of the housing cycle. Look what's happening in the US - the pr...
by theway
Mon Oct 20, 2008 2:34 pm
Forum: Real Estate Investing
Topic: Toronto's real estate
Replies: 11
Views: 12803

Re: Toronto's real estate

proplanner wrote:Even I think in the same way. Real estate market may be slow down a bit but won't crash.


It looks like you are in the US. What makes you think that the market won't crash. What do you call 15% price decline year-over-year?
by theway
Mon Jun 09, 2008 3:44 pm
Forum: Mutual Funds
Topic: Invest now?
Replies: 4
Views: 4080

Re: Invest now?

I don't think we have seen the worst of the credit crisis yet. Major US and Canadian banks will have to writedown billions of dollars, and when this happen, there will be a distinct possibility for full-blown market crash, and flight to safety. In these times the only safe investment left is gold, ...
by theway
Mon Jun 09, 2008 3:40 pm
Forum: Commodities Investing
Topic: stock exchange question
Replies: 3
Views: 3463

Re: stock exchange question

I'm sure that there are limits for both Dow Jones and TSX, which will trigger trading halt if certain percentage drop has been reached. I remember back in January the Bombay Stock Exchange in India has suspended trading after a drop of close to 10%.
by theway
Mon Jun 09, 2008 3:34 pm
Forum: Business Finance
Topic: Small Business Bank Accounts
Replies: 4
Views: 3918

Re: Small Business Bank Accounts

You are right Stocks, sometimes even a small business might need more than one business bank account. However for most small businesses, just one account is enough.
by theway
Mon Jun 09, 2008 3:33 pm
Forum: Banking
Topic: savings account interest
Replies: 6
Views: 4958

Re: savings account interest

I spoke with RBC last week and they told me the savings account interest rate is 2.75%. I don't know about the other banks... It barely covers the inflation. It barely covers the official inflation, but if you are like most people that need energy and food to survive, then you know that inflation i...
by theway
Mon Jun 09, 2008 3:29 pm
Forum: Mortgages
Topic: 40 years mortgages and no down payment- what do you think?
Replies: 8
Views: 6579

Re: 40 years mortgages and no down payment- what do you think?

I never thought about this, but you guys are right :). If I were a lender offering mortgage loans, I would never give a 40 year loan to anybody older than 30. I don't see how would they be able to service their debt in their retirement years.
by theway
Mon Jun 09, 2008 3:26 pm
Forum: Credit Cards
Topic: Credit Card application
Replies: 3
Views: 3557

Re: Credit Card application

Secured credit cards are about the only form of credit that could be obtained if you have a really bad credit history or no credit history at all. With a financial discipline (making payments on time, living within your means, saving) you can build your credit history relatively quickly.

Go to advanced search