As consumers become bombarded with news headlines, with stories of an economic downturn in the market. We are faced to provide clarity to our clients and consumers in the market place. As the usual slower summer months start to unfold, the constant fear of interest rate hikes and the HST with be a constant struggle for people to over come.
People need to be aware of consumer confidence in the market place and how this fundamental plays a curcial role in our market. I believe the over night lending rate which affects the variable mortgage rate is going to stay put given the current forcast on inflation in 2010 and 2011. This should provide confidence in the market going forward as home affordability remains strong.
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