Buying opportunities

[malta]

Eurozone credit cuts http://www.cnbc.com/id/45989399

US hits debt limit again.

On the lighter side. http://www.thesmokinggun.com/buster/gun-hidden-in-butt-765912

I believe there are buying opportunities on the 5 year horizon for those who have controlled debt and established a cash reserve. For those who are spending like our governments, it is likely to get rough.

[TOM4CWB]

Malta,

I see 5 year locked in Mortages at 2.99 percent friday. Our stable strong national majority Conservative government is catching up with us...

And the world wants to buy Canadian Bonds... at very low interest rates. 1.5 percent for 5 years I believe.

"Two of Canada's major banks are offering record-low interest rates in hopes of tempting homeowners to lock in their mortgages with them.

The Bank of Montreal announced on Friday it was offering homeowners a 2.99 percent rate for a standard 5-year fixed mortgage, marking its lowest rate in Canada history.

TD followed suit, offering homeowners a 2.99 percent rate for four years.

John Andrew, the director of Queen's University's Executive Seminars on Corporate and Investment Real Estate, says the moves will add to fears about a potential housing bubble in Canada.

"One big question is how long historically low mortgage rates can sustain housing prices and sales volumes that already appear to be reaching plateaus in many Canadian cities," he said in a statement.

Andrew expects the other major banks to follow TD and BMO in lowering rates."
http://www.bnn.ca/News/2012/1/13/Mortgage-rates-hit-rock-bottom.aspx

May be time to refinance!

[bucket]

Its a great time to invest in
Saskatchewan. There has been ten billion
dollars announced for expansion and the
housing isn't there just yet. Neither is
the infrastructure required for the
urban expansion. That will mean another
4 or 5 billion as well. Couple that with
a low interest rate and I think
Saskatchewan is in better shape than
china. No one has noticed.

Just wait until they go after the
Saskatchewan oilsands. Little old
saskatchewan keeping Canada out of
recession.

[JDGreen]

I work extensively in oil sands development. Don't read too much in to the Saskatchewan side of things. that is all....

[parsley]

JD, we need to prevent non-Canadians from
making presentations at the pipeline hearings.
Pars.

[sumdumguy]

We were on a plane with an American from Las
Vegas. He is a deVeloper in NortH Dakota. His
take is that Americas recovery hinges on New
US oil and a darn good pipeline. A Republican
president will make it all work. Wish the pipeline
went right through Bakken.