Saturday, November 13, 2010

Canadian Real Estate is not as Risky as we think

Friday, November 12, 2010


Canadian Real Estate is not as Risky as we think

New Research shows



Claims that Canada’s housing market is ready to pop are exaggerated, say economists at BMO Nesbitt Burns.

Instead, they say the market can more realistically be labelled “moderately overvalued” based upon a comparison of house prices with personal income.

They also note that mortgage servicing costs for “typical” homebuyers are running near the long-term norm of 34%.

Barring a sharp spike in mortgage rates or a relapse into recession, a substantial price correction is unlikely to occur,” economists Earl Sweet and Sal Guatieri wrote in their research report .



They noted, however, that Canadians would have a hard time dealing with a sudden 3% hike in mortgage rates. That would weaken affordability “substantially” and in turn drive down demand and home prices.



They downplayed this risk, though, pointing to the prevalence of fixed rates in mortgage financing, which reduce fluctuations in borrowing costs.



Sweet and Guatieri also predict the normalization of interest rates could take several years yet, with Canadian rates rising 2 to 3 points in that time. They believe incomes should catch up to prices by then.



More worrisome, they argue, is prolonged low interest rates, which could “recharge the housing market and inflate a true bubble that ultimately bursts when rates normalize.”



Posted by Brandon Foreman at 11:52 AM Labels: Canadian Banks, Home buyer, housing, Real Estate

0 comments:

Thursday, November 11, 2010

Raising Your Daughter as a Single Dad

Raising Your Daughter as a Single Dad

I learned from a very young age how important a Father can be. Fortunately, I was lucky that I had a strong role model in my Mother after my Father had passed. I guess I am remembering  because November 11th, 1988 is when I lost my Maternal Grandmother.

On this remembrance day in Canada, and Veterans Day in the United States, I am thinking of all the children who have lost parents. Sometimes in my line of work, I get a glimpse of the challenge that all parents face when  raising children alone. But I still can't fathom the challenge a single father faces in raising a daughter.

Don't get me wrong-I think a Father is perfectly capable of raising a strong, confident and capable adult women. In some cases even more so than a female role model. I shudder to think how I might have turned out if I wasn't lavished with love from my wonderful Dad for the first 13 years of my life, not to mention how my older Brother was always there for me, as much as he could be.

So, single dads, I hope you can feel my admiration for your taking on the challenge of raising a daughter alone. In trying to understand the keys to success in raising a daughter as a single dad, I turned to some of my friends and acquaintances who have done it well and looked up a lot of information on the Internet. My thanks to you all.

Whether you are divorced or separated and the custodial parent, or whether you are a widowed dad, the challenges are very similar. So, given the advice from those who have walked in your shoes, here are some suggestions for tackling this important task successfully.

Don't Go It Alone. Most of the dads I talked to spoke of the importance of a female mentor in the lives of their daughters. For some dads, a grandmother, aunt or other family member can take that role. For others, it is the mom of a friend his daughter's age. For others, the mentor may be a church youth leader, girl scout leader or athletic coach. But finding a strong and capable female role model is critical to your daughter's success in growing up. Helping your daughter connect to this mentor is a step you need to take.

Communicate. Many men tend to take an "I Must Fix It" mentality in their lives and their relationships. We tend to listen long enough to identify the problem, and then we are off on the solution. Our daughters usually don't want us to fix their issues; they would rather we listen for understanding and let them learn to work our solutions. Keeping the lines of communications open requires time, patience and a willingness to make it a priority.

Teach Her to Solve Problems. Sometimes our daughters need a little coaching in terms of problem-solving. Sitting with her and helping her think through an issue, develop alternatives and come to a conclusion tends to be counter-intuitive for some fathers. But it is important to teach her how, and not to lean on us for solutions. Helping her develop good problem-solving skills will serve her well throughout her life.

Don't Rescue or Overprotect. I know from my friends own experience with his daughters that he had no problem at all being the white knight to ride in on my charger to rescue her. It was hard for him to learn to let his daughters struggle  with life's problems and challenges. If you overprotect, your daughter will either rebel or become dependent, and neither of those outcomes is a positive. Allow some limited risks and she will learn confidence as she succeeds.

Be Involved in Her Life. I think it is generally easier for dads to be involved with their sons' lives than with the goings on in a daughter's world. But as a single dad, your daughter needs to feel your support. Attend her athletic contests, just like you would with your sons. Take her shopping occasionally. Be around the house when she has her friends around. Make opportunities to be together, and your relationship will grow.

What About Dating and Guys? Sometimes helping your daughter through the transition of puberty into adolescence can be a single dad's greatest emotional challenge. Successful dads suggest being up front and honest about these issues. Help her understand why you are little nervous about her developing relationships with guys or about helping her understand what is happening to her body, emotions and hormones. And recognize that some things will just be awkward. Relying on your trusted female mentor for some of these issues will be helpful. Most young men and young women who have healthy group relationships with both genders tend to be more prepared for the time when the guys and girl will begin pairing off, so create some of those group opportunities along the way. A great book to open up conversion is Judy Blumes, are you there God, it's me, Margaret.


How About Support Groups? Sometimes, single dads appreciate the support of others in the same boat. Some organizations like Parents Without Partners can help. In addition, several online sources like the Fatherhood Forum can help you connect electronically with other fathers with similar challenges.

Single Daddy's and Mommy's, I salute you. It take s a Village to raise any child. I know it can be done. In the case of  Girls, if you are sensitive to your daughters and invest the time into your relationship, you'll find great satisfaction in raising a great daughter.

Like my Dad used to sing to me, Thanks Heaven for little girls, they grow up in the most delightful way.

Tuesday, November 9, 2010

From Toronto to Vegas to NYC, then Letterman, then Good Morning America!!!!

Hey Everyone!! Thanks again for your support!! Kelly Vohnn met Reba tonight after the taping of David Letterman!! . Letterman will air Friday night November 13th !! (that is my 15 month quit aversary) but enough about me. Kelly will be on Good Morning America  in a few hours, which is live!!!!!

I am so excited to be a part of this journey with Kelly. I have many friends that have succeeded in the Entertainment Field, I met some very interesting people attending the American Academy of Dramatic Arts but Kelly is special, we met in Highschool, she zigged and I zagged. She was the only girl in Highschool that never stole one of my boyfriends. LOL

A few years after highschool I remember running into Kelly on the Mississauga Bus (route 26) both on our way to Square One. That was the first time I learned we shared a dream. A dream I am beginning to realize is not impossible for those who work hard, think positive and are always kind to people. More photos of Kelly coming soon.

More later, this laptop is hard to type on.

Saturday, November 6, 2010

Dreams come true!!! She won! Thank you, New York City!!!!

Hey, folks -- from time to time we have one of our friends involved in a contest, with online voting enabled for everyone. This time, one of our own Originals from our Highschool, Kelly Vohnn -- you may remember her as Kelly Haggerty -- is hitting it big in Vegas with her singing and review act, and is taking part in a contest in New York, wherein contestants perform their best Reba McEntire acts, and we get to vote on this!
The link for the contest is here:
http://www.youtube.com/watch?feature=player_profilepage&v=vMox0nqeJHg


... but I would also like to submit a video of Kelly herself, during one of her performances:

http://www.youtube.com/watch?v=h3Q-oldLDSs


Let's hear it for former Pirates' success! Pass it on. One Candle loses nothing by lighting another. Let's Cheer for our former Cheerleader!!! YAY!!http://www.ustream.tv/channel/all-the-women-i-am---a-reba-impersonator-event