Free money can be popular

Despite widespread criticism of the BC governments plans to make teaser loans to first time homebuyers (worst idea everrrr) Kirk Lapointe points out that not everyone thinks its a bad idea.

I would wager that for every Christmas dinner gathering of finger-wagging and tut-tutting about the fiscal irresponsibility and market impact of the Clark manoeuvre, there were a dozen families seriously discussing if this was the time – perhaps the last real window – to get the kids into a home in the same city.

Politics ain’t always about what makes the most sense.

Read the full editorial here.

Friday Free-for-all! Farewell 2016!

Well, let’s call that year done shall we?

It’s another Friday at the end of another week and an another year and that means it’s time for another Friday Free-for-all!

This is our regular end of the week news round up and open topic discussion thread for the weekend, here are a few recent links to kick off the chat:

Up, down or flat in 2017?
Vancouver crowded or not?
Reporting breaking news from May 2016
Cant stop visiting useless boring blog
Questioning value of BC homebuyer loans
Accurate prediction
Is the US in another bubble?

So what are you seeing out there? Post your news links, thoughts and anecdotes here and have an excellent weekend and a Happy New Year!

Canadian economy struggles dragging down looney 

The Canadian economy isn’t looking so hot lately, perhaps we need more stimulus. How low can the looney go?

Canada’s currency extended declines after the report, falling 0.5 percent to C$1.3552 against its U.S. counterpart at 9:24 a.m. Toronto time.

The GDP numbers add to recent indicators showing low interest rates and a program of federal government stimulus are so far failing to spur a recovery. Inflation slowedto a 1.2 percent pace in November from a year earlier, the statistics agency said Thursday, a softer reading than economists forecast, with one measure of core inflation slowing to the lowest level since 1996.

Read the full article over at bloomberg.

Friday Free-for-all! Merry Christmas!

It’s the end of another week as we wind down another year and that means it’s time for another Friday Free-for-all.

This is our regular end of the week news round up and open topic discussion thread for the weekend. Here are a few recent links to kick off the chat:

grampa, what’s a rate hike?

BC vs the world

how the economy may combust

discounts

condos see another small down tick

So what are you seeing out there? Post your news links, thoughts and anecdotes in the comments below and have an excellent weekend!