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Interesting dynamics going on in the real estate market at the moment. Prices, as we expected, are falling as we move into the second half of the year. July at $663,841 is actually down $13,466 from June. A drop in one month of 2%. At the same time, unit sales, which should be falling in lock step with prices are actually on the rise. In fact, July recorded 648 sales across the region. That not only compares favourably with the 529 figure we saw in June. It is actually the strongest month so far this year. Interesting.

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Golf tournaments come in all shapes and sizes. Some are built around prestige. Bragging rights. They have generally a dazzling array of prizes. They provide a showcase to show off skill. Tournaments like the Masters, with a prize ‘table’ of cash in the millions of dollars.

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If you’re interested in buying a vacation home, there is a lot to consider. A good first step to purchasing any vacation home is to think about your 5- and 10-year plan. Will you get enough use out of it?

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When I was a kid, my parents opened up a snack bar in cottage country just inside the Highlands of Haliburton. It was my dad’s dream to break free from his employment situation and be self-employed. The venture didn’t work out to be particularly profitable, but that’s another story. I want today to share an incident surrounding that venture that sticks with me to this day. I think it holds a lesson for us all.

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In today’s newsletter I’m going to cover an area where I am personally deficient. That comes under the heading of repair and renovation, and specifically asks, what degree of quality should be used to rectify problems as they occur.

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One of the biggest benefits to purchasing your own home is the ability to build equity in your property. This equity can come in handy down the line for refinancing, renovations, or taking out additional loans - such as a second mortgage.

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Fraud! It seems to be more prevalent every day. Bank fraud. Identity theft. Social media scams. Mortgage Fraud. Schemes to take your money for goods and/or services that will never appear or be performed. As a result, defense mechanisms are springing up that make our life more complicated but at the same time more secure.

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