The 'thrill' of buying a house...
More than two-thirds of Canadians cited a “good feeling” toward the property as a reason to buy...Confirmation that there is a lot of emotion involved in the home buying process, and where there's emotion, sometimes rationale thought is marginalized. And a reminder to ensure your customers understand the very real costs of homeownership.
• TSX -64.70 to 13,907.32 amid concerns that China may further move to tighten monetary policy in a bid to slow resource demand and inflation
• DOW -26.11 to 12,479.88
• Dollar -.09c to 104.76c USD as commodity prices backed off slightly
• Oil -$.01 to $112.28USD per barrel
• Gold +$5.30 to $1509.10 per ounce hits another new record high
• Canadian 5 yr bond yields markets -.05bps to 2.65. The spread (based on the MERIX 5 yr rate published rate of 4.34%) is over the top of the comfort zone at 1.69, however given current discount levels, real spreads are just within the comfort zone.
