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McPherson Group

McPherson Group Parksville Real Estate Blog, with contributing authors from our industry friends in the Real Estate and Mortgage industries.

February 2009 - Posts

Worthwhile Canadian Initiative written by Fareed Zakaria
The legendary editor of The New Republic, Michael Kinsley, once held a "Boring Headline Contest" and decided that the winner was "Worthwhile Canadian Initiative." Twenty-two years later, the magazine was rescued from its economic troubles Read More...
Foreclosures will increase…but barely make a dent.
Foreclosure rates in Canada are expected to increase, but remain very limited, especially when compared to the U.S. experience, where a broad structural failure of the credit system occurred. Canada's relatively insignificant subprime market, and Read More...
Private sales will become more difficult to finance.
• Email dated Dec 29, 2008 from nationwide lender: “Effective immediately, we will no longer be accepting Private Sale Agreements on ANY submissions…It is unfortunate that we need to make this decision, but the reality is that Private Read More...