Inflation is above target for the month of February, leading analysts into a bit of a frenzy. While this could lead to a rate hike earlier than expected, many also believe the buzz of the Vancouver 2010 Olympics drove prices up temporarily. Source: today's National Post
As reported in Tuesday's Montreal Gazette, more Canadians plan to buy homes in the next 2 years. The strength of the Canadian housing market relative to worldwide markets has increased confidence in real estate.
The following article, published online last Saturday, and to be published in the February 16, 2009 of Newsweek is an excellent review of the state of the Canada and the Canadian banking system - Newsweek - Worthwhile Canadian Initiative (by editor Fareed Zakaria).
AltaPacific's blog post on this article is found here
Our website tells you the details of what and how Alta Pacific MIC works... this news page (and our Canadian mortgage blog) is updated regularly and hopefully sheds some light on who we are while also sharing some of the latest news in Canadian investing - most notably, investing in Canadian mortgages and real estate.
While the Alta Pacific team has considerable experience in real estate, we're new to this online world - including blogging - so go easy on us.
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