If you’ve been following the news lately, you’ve probably heard that the United States is on the verge of defaulting on its debt unless politicians agree to raise a debt ceiling limit. We all know what such situation would mean for the US - raising interest rates, slowing economic growth, increasing inflation and perhaps losing its AAA credit rating. But what would it mean for us? Many experts agree that bad economic news for the US could have a negative impact on Canada. After all, the Canadian economy is closely linked to that of its southern neighbour.
An increase in U.S. interest rates could really bring a commensurate increase in Canadian interest rates, as well. That could seriously affect debt burdens of Canadian households that have accumulated high levels of debt over the past several years.
Sounds scary, I know, but in comparison to the US, our economy seems to be less volatile. It is on solid footing because of our fiscal policies. Recently, Moody’s affirmed Canada´a AAA rating, citing a “high degree of economic resiliency, very high government financial strength and low susceptibility to risk.” I believe this makes the Canadian economy strong enough to be able to sail through any situation.
Despite waves of bad news, good things do exist. It looks like we are finally getting some well-deserved warm weather, and that only means one thing: it is time to trade fluorescent office lightning for some long weekend getaways. Hopefully you will be able to escape the city and head to the beach or spend a few days in a cottage away from from the hustle and bustle of everyday life. Leave all your stress behind and have a safe, enjoyable and prosperous summer! And don’t worry, I will keep you updated through my website should any important matter occur.
All the best!
Heather Hadden
—
276 Merton St., ON M4S 1A9 Toronto
Tel: (416)481-6137 | Fax: (416)480-2548
email: hhadden@bosleyrealestate.com
REAL ESTATE NEWS
Mike Reynolds – Architect of Garbage
The story of Reynolds is quite extraordinary. Despite all the troubles he has been through, Reynolds has become one of the top figures of green and sustainable architecture.
Read more ↗
Sister Cities of Toronto – Sagamihara
Read more about another city included in the Friendship Cities category – Sagamihara, Japan.
Read more ↗
Top 5 Places to Watch the Sunset in Toronto
Sunset is always perfectly magical for all people. Discover places where sunset watching is truly wonderful.
Read more ↗
HEATHER'S PHOTO OF THE MONTH!
Help You Break The Walls Down by Alex Bellink
NEW LISTING!
183 Earlscourt Avenue | Central Toronto - Corso Italia
Living in downtown Toronto for under $300 000 is an opportunity that should not be missed! Ready to move-in property includes 2 spacious bedrooms, 2 baths, upgraded kitchen, great backyard depth (128 Ft), perfect for bbq's. It is just steps to shopping and restuarants. Perfect starter home in the city!
INTRODUCING LESLIEVILLE | EAST TORONTO
Leslieville has emerged as one of Toronto's hippest place to dine, drink, shop and live as well as the headquarters of Toronto's film industry. The neighbourhood features some great cafes, vintage furniture, fashion and design stores.
There are many opportunities for recreation, especially for children. The waterfront is nearby, there are numerous parks and there is also the S.H. Armstrong Community Recreation Centre. The area is well served by public transit.
Read more about the area of The Leslieville Neighbourhood in East Toronto ↗
