We’ve all done it: a quick pop over the border to snag some nice gifts for friends, family and even ourselves. The last couple of years Canadians have had a competitive edge: a strong Loonie. But now the Loonie is trading at 94.16 U.S. cents, the lowest it’s been in the last two years. If you’re thinking about popping over the border to take advantage of some of the great deals, make sure they’re really worth it.
You’re a wealthy homebuyer and you’ve been looking at your options – variable rate mortgages have long been touted as a riskier option, but you can also get big savings. In the beginning most VRMs start off with a fixed interest rate and then later on transitions into a variable rate mortgage. Once it flips the switch to a VRM, you can refinance and get lower interest rate.
Last month CREA and CREB warned that home and condo sales would hit a slump and prices would begin to slow their ascendance – but prices were up 11.3% and sales rose about 14% year over year compared with November 2012, and that’s a big jump! Even with all the steps that Ottowa and the Toronto Real Estate Board have taken to try and make the market cool down, it’s all been in vain.
Year on year, home sales rose almost 20% across the GTA in October. Prices rose 7%+ in the same period, with the average sale price sitting at about $540,000, up from $502,000 last year – the greatest gains were seen in the luxury real estate market, which many economists have touted as “recession proof”. It’s expected that home prices will continue to climb slowly through the winter and sales will continue, as long as interest rates remain low.
Even if you’re sleeping on $7,000 pillows in a luxury hotel it can be hard to get a good night’s rest, especially when you’re traveling! Frequent travelers know travel induced insomnia is no joke, but how do you get over it? After all, sleeping isn’t a luxury – it’s a necessity!
Sleeping in an unfamiliar environment is one the leading causes of insomnia, so it’s important to know that you’re doing all you can do to get a good night’s sleep… even if it means you’re a difficult customer when you’re traveling.
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