Uncategorized Archives

 The Bank of Canada announced on October 23rd 2013 that it was keeping its trend-setting overnight lending rate at 1 per cent. It has been at this level since September 2010.

The biggest change from previous statements was that it no longer hinted that the next move will be a rate hike. Instead, the Bank defended its decision not to cut rates amid persistently low inflation.

The Bank said it does not want to risk reversing the current “gradual unwinding of household imbalances” and slowdown in household debt growth. In other words, the housing market is well behaved right now and the Bank wants to keep it that way.

The Bank said global growth had become “less favourable” for Canada. This is a reference to the slow pace of economic recovery and increased uncertainty in the United States, which is resulting in weaker than expected Canadian export growth and business investment.

Accordingly, the Bank has lowered its projections for Canadian economic growth this year and in each of the next two years.

The Bank now expects economic growth of 1.6 per cent in 2013, down from the 1.8 per cent projected back in July. Growth is expected to pick up to 2.3 per cent in 2014, which is down from a 2.7 per cent projection in July, and edge up further to 2.6 per cent in 2015, also down from 2.7 per cent in July.

The Bank now expects that inflation will not return to its 2 per cent target and the economy will not return to full production capacity until “around the end of 2015”. That’s been pushed back from the previous expectation of their doing so by mid-2015.

As such, the possibility of the Bank hiking interest rates anytime this year or next is likely off the table at this point. If anything, the odds that rates could be cut has increased; however, unless the economic outlook deteriorates further, the most likely scenario is that the Bank will keep interest rates on hold for quite some time yet.

As of October 23rd, 2013, the advertised five-year lending rate stood at 5.34 per cent, unchanged from the previous Bank rate announcement on September 4th.

(CREA 10/23/2013)

MEDIA RELEASE_

Screen Shot 2013-06-10 at 4.59.20 PM
A new residential option is available for Brechin seniors with the opening of the first purpose-built shared home in Ontario. Brechin Manor is an exceptional 6 suite shared home that provides seniors with a warm, family style and supportive living environment while also promoting individual autonomy in the decision-making within their home. Co-housing originated 25 years ago in Denmark, but the model developed by Muskoka businesswoman Shelley Raymond is a further evolution of this concept.
“My parents were in their own home,” says Raymond, “but felt burdened with the responsibilities of maintaining a house and the on-going everyday tasks required. They longed for a less complicated life, but didn’t believe a retirement home was a suitable option for them at that time. I felt compelled to create what we couldn’t find – an option for the healthy senior who wants to retain their decision-making but also wants to be free of burdensome chores and live in a friendly environment.” Read the rest of this entry

Our clients aren’t the only ones making a move!

The Hocking Homes Team are delighted to announce that we will be moving our business to Keller Williams Experience Realty, Brokerage. Keller Williams ranks #2 in North America in terms of the number of agents (Approx 80,000 agents), and they have decided to open their newest Canadian office in Barrie. Our new office address can be found at 516 Bryne Drive , unit J, in Barrie (Next to Holiday Inn Express). Our direct telephone number 705 252 7939 will remain unchanged, as will in fact all our usual cell numbers, email addresses etc. (Please note that the office on Bryne Drive is currently undergoing renovation for a January grand opening. If you need us, please call and we’ll arrange to meet you.)

We Feel the benefits to our clients will be many, so watch this space as we role out updated systems and marketing aids.

In short, we will not be doing anything less than we always have, but in addition we feel this move will give our clients greater access to technology in particular and in essence greater exposure. This is an exciting time for all of us at The Hocking Homes Team and we look forward to not only providing an existing quality of service but bringing you an enhanced marketing and technology package as we role out the Keller Williams systems.

In 2013 The Hocking Homes Team have plans on expanding our business with Keller Williams Experience Realty, Brokerage and as always your referrals are greatly appreciated and we look forward to assisting yourselves, your friends or family in any way we can.

Ian Hocking, Broker of Record

Caroline Hocking, Sales Representative

Natasha Hamilton, Assistant to Ian and Caroline

 

Ladies Only – Self defence class

Hello all,

I hope you are all well, apologies if I haven’t personally seen you in the last few months. With Caroline studying for her Real Estate license it’s been rather strained on the free time, managing the children and maintaining service to our active clients, however, as Caroline is now a licensed Realtor I look forward to seeing you all again soon. As part of our continued service to you, we like to bring some extra value or service from time to time. Some of you may know that our family is fairly well entwined with the Lewis Karate School in Barrie. Unfortunately the world we live in, isn’t always as safe as we would all like, and in particular ladies are prone to unwanted attention.

It’s better to know self defense and not need it than to need self defense and not know it ! Read the rest of this entry

By popular demand we will be hosting a lease to own evening  on Wednesday 28th April 2010. The owners of an ethical lease to own company will be coming to Barrie to talk to investors about the pros / cons of lease to own investing. Read the rest of this entry

HST effects on Barrie Real Estate?

Whether we like it or not in Ontario HST is heading our way. The Canadian Real Estate Association has thrown a couple of curve balls at HST train, however, it’s not likely to be derailed and even if it’s watered down a little, it’s coming! So how is this likely to affect the consumer? Read the rest of this entry

44 Councillor TerraceVery nice 4 bedroom home built by Zancor in the South East end of Barrie. Close to GO train and and good condition, being sold as is. $305,000 with 2600 sqft!! Listed today.

Hello world!

Welcome to WordPress. This is your first post. Edit or delete it, then start blogging!