Ontheboatout

Keep an eye on the Canadian $ - the government target is for it to go to 80 cents: 1 USD. At that point the GBP will have maximum purchasing power and it will be the best time to buy here for 3 years.

For US buyers, property is already 20% cheaper than it was a two weeks ago. Fuel just dropped to 50p/litre and interest rates are dropping too.

The plan is to stimulate the housing market and for the ripple effects to boost the economy. Combine that with investors switching from shares to antiques, art and property and it is

BuY! Buy! Buy!

I am a Realtor and am watching what has been happening very closely - all the website stats are up.

nearly here

This is my 1st post so here goes. I have been reading these posts although not a member for months now

Interest rates may have come down but isn't it those that already have variable rate mortgages that are benefiting and not new mortgages???

I read that new mortgages in Canada are coming in at prime + 1 in some cases so does that not make it more expensive to borrow even with prime in some cases now at 4.25 although not in all cases yet!!

I have friends who have a mortgage in Canada and are now at 3.45% yet new mortgages in some cases are being offered 5.25% and up by what you are saying???

Whilst gas has gone down do you really think it will stay down???

Unless the GBP starts to go above the highs of 2 where it was edging at 6 months or more ago then it is not really any cheaper to buy here at the moment expecially if those wanting to buy are losing money on their homes in the UK and that was the money they were going to use to buy when they get here

Ontheboatout

Just reporting the sudden and dramatic wind change.

Check out the graphs

http://www.x-rates.com/d/CAD/USD/graph120.html
http://www.x-rates.com/d/CAD/GBP/graph120.html

- there is still at least half a cent drop to come and I wouldn't be surprised to see 2.27 to the pound.

Buy! Buy! Buy!

dexdaw

Buy! Buy! Buy![/QUOTE]

But your a realtor, with respect you're hardly going to say anthing else are you?

SAW 04

same old shit, another post from OTBO


But your a realtor, with respect you're hardly going to say anthing else are you?[/QUOTE]

Tangram

Property values falling or stagnant and d**khead says buy buy buy.

Fixed term deposits until it bottoms out before buying slumping property, unless you live in Narnia Novia Scotia.

dexdaw

But not all in one account apparently!!!

G586

Not really a particularly helpful post, not in the week when some of us have seen their savings disappear (hopefully temporarily) and their investments tank, with the threat of some of them completely expiring! Not to mention property....

Does the OP have any idea of what is going on at the moment?

Judy in Calgary

Perhaps the news hasn't reached Brigadoon.
x

jad n rich

dexdaw

You mean he only appears once a year!!
More than that I think you'll find - unfortunately!

Rich_007

This is what you wanted to type:

mik_n_ash

Do yourself a favour and look at some websites such as housepricecrash.co.uk (but ignore the tin foil hat brigade on there) and try to educate yourself in the current economic climate... putting money into property pretty much anywhere should be the last thing that most sensible people would want to do! (unless your paying in cash)

IckleHelen

What is your source?

Ontheboatout

Tomato