Housing Outlook Is Positive for 2014

"Housing demand in the province has nearly fully recovered from the 2012 downturn" said Cameron Muir, BCREA chief economist. "Over the next year, BC will be the beneficiary of a more robust global economic growth, led by a resurgent US economy and a favourable exchange rate. The resulting boost in employment will help underpin the housing market."



Home prices are expected to increase 1.8% this year and a further 1.7% in 2015.

Talk of rising interest rates no reason for home owners to panic

Talk of rising interest rates tend to make homeowners jittery and, if you have a big mortgage, you may be feeling extra nervous, but experts say not to panic.

Peter Veselinovich, vice-president of banking and mortgage operations with Investors’ Group in Winnipeg, stated that while rate increases are expected, any change will not be as dramatic as the Bank of Canada announced earlier this month.

A change in interest rates would translate to higher mortgage payments, although that would only apply to people with variable rate mortgages, since fixed-rate mortgages don’t change for the duration of their term.

Most home owners currently have fixed-rate, five-year mortgages. The mortgages come with the peace of mind of knowing what your payment will be for the duration of the term.

Click here to read the complete article from the Globe and Mail

7 Reasons Why Your New Years Resolutions Fail and How to Fix Them

Did you know that at least 5 studies show that about 90% of your New Year's resolutions will fail within the first 30 days?

You could argue that point but I bet if you took a moment to reflect on your past resolutions, you  would be forced to agree. Does that mean you are weak and incapable of bettering yourself? Of course not! It does mean that we need a little help setting goals that actually work.

Here are 7 mistakes that most people make when setting their new year's resolutions and how to fix them. Here are the 7 reasons.

1: They don't write them down.
2: They don't ever review their goals after New Year's Day.
3: They focus on setting many goals instead of focusing on one.
4: They make broad, ambiguous goals.
5: They don't make themselves accountable.
6: They don't change their normal patterns.
7: They forget to focus on the present.

Click here to read the entire article from Successify