Shaky Markets a Challenge

The shaky markets of the past couple of weeks are a bit scary.  Everyone seems to be blaming the U.S. sub-prime market, which has seen major drops in house prices, lots of unsold inventory, public house construction companies declaring bankruptcy, and people walking away from their homes.  With up to 120% mortgages, people have lived high off the hog for the past few years.

Canada does not have the same systems in place, so that problem will not surface.  In fact, Canada has a unique set of positive factors that bode well for the next few years. World wide demand for resources is going gang-busters, and Canada is a prime supplier.  Housing prices have never been higher,  and the stock market was behaving well.  But the one thing that doesn't garner much publicity, except in cross-border shopping discussions, in the rise in the Canadian currency.  Canadians are much richer than they were three years ago because of our near par dollar.  Travelling, or international real estate has dropped 30% for us.  Lucky for us. Give some thought to how you can take advantage of this rare set of positive conditions.

Mahara