Housing Market Update.  Are the Prices (sky) Falling?

Housing Market Update. Are the Prices (sky) Falling?

Is the sky falling on home prices in the first quarter of 2018?  Can pigs actually fly?  Well, we do know one thing – we have the data to help us understand the housing market. We should point out that the first quarter of 2017 (January, February and March 2017) was a frenzy of activity and unprecedented escalation in both number of housing sales and price (Read: this recently released Ontario Regional Risk Report by Genworth Mortgage Insurer). Let us not forget that. In your statistics class the teacher would have pointed out the concept of an “outlier”. The one dot on the XY chart that seems very much out of place amongst the other dots. Could we argue that early 2017 was an...

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Juggling Families and Finance

Juggling Families and Finance

“Juggling is sometimes called the art of controlling patterns, controlling patterns in time and space” – Ronald Graham (not a juggler, actually a famous Mathematician). Once you begin a family things become a bit more complicated to say the least.  Your brain...
The Shell Game

The Shell Game

In the past 15 years, we have been watching big banks and credit unions encourage people to take on Home Equity Lines of Credit (HELOCs) along with their standard first mortgages. To make it easier for the layman to understand, we can call this type of mortgage a...