Welcome to my first Real Estate Blog. I can't think of better way to start than to wish all my clients, and any future clients who might be reading this, all the best for the holiday season and for 2010. A special thank you to all of you who have become repeat clients and/or referred a friend or relative to me. It is the best compliment you can give me and is greatly appreciated. I will be posting a new blog at least once a week (sooner if something important comes up that I feel needs to get out there). Finance Minister Jim Flaherty has hinted today that minimum down payments may be increased from the present 5% minimum along with shortening the maximum amortization period from the current 35 years. He says this may be necessary to protect against potential foreclosures once interest rates go back up. And they will go back up. My advice to any one contemplating a real estate purchase is to either lock their rate in for as long as they can or to only borrow an amount that they feel they will be able to carry at a higher rate. If you are maxing out your budget at the present 2.15% variable rate you are inviting big problems down the road. Look for my mortgage calculator elsewhere on this web site to help you budget.. So, that's it for this the premier addition of my blog and again all the best for the holiday season and 2010.