Happy New Year everyone, and what a year it's going to be! Most people would agree that it was a trying past 12 months, so with it behind us, let's remember all the positive things in our lives and focus on the upcoming year and all the joy it will bring.
Consumer Confidence: Driven down recently by concerns about people's personal financial circumstance and their jobs. This should gradually improve as the stimulus package promised by Prime Minister Stephen Harper in the January 27th budget is unveiled. As a side note, according to the news release on the Conference Board of Canada web-site, consumers have indicated for the second month in a row, that now was a good time to purchase a big ticket item. That can only mean real estate. :-)
Stock Market: Mugged and beat up, left bleeding in one of Bay street's cold and dark alleys. History is on our side here, things are going to rebound as they have after each and every other "crash" in the last 50 years. If the stock market was treated as a Plasma/LCD 50% Off Clearance, we would all be flocking to purchase them. For some reason though, we are instead taking money out of the market. Sales of big screen TV's though, are still going strong.
Gas Prices: When oil was 155 USD per barrel, we were paying about 1.38 CDN. Now that oil is at 35 USD, we're only paying .65 CDN, so I'm predicting a further decline in gasoline prices. Hopefully hybrid car prices will also fall.
Some of these predictions will come to fruition, while other may not (I'm not expecting to pay .31 CDN for gas any time soon). But thing will gradually improve, even for Madridistas, tomorrow will bring another day.
I sincerely wish each and everyone peace and prosperity in the new year. As always, I look forward to continuously improving, and providing you with the highest level of value and service in your next real estate transaction.
Happy 2009!!
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