17 DECEMBER 2012WEEKLY

Management by Prioritising 2 2

From Perrii’s Blog 2 3

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T h e F e d e r a l O p e n M a r k e t Committee (FOMC) meeting recently ended with the Federal Reserve announcing that until the unemploy-ment rate falls below 6.5 percent interest rates would hover close to zero.

To support continued progress toward maximum employment and price stability, the Federal Open Market Committee (FOMC) expects that a highly accommodative stance of monetary policy will remain appropri-ate for a considerable time. In particular, the Committee decided to keep the target range for the federal funds rate at

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Dream Issue2 29

INTEREST RATES TOSTAY LOW

If you are an individ- Effective January 1, ual, a corporation, or a 2013, mandatory elec-partnership, and you tronic filing applies to accept payment to prepare both T1 General (income more than 10 income tax tax and benefit returns) returns per year, you are and T2 co rpora t ion considered a tax preparer income tax returns for and you have to file those 2012 and later tax years.returns electronically.

Canada Mortgage and Calgary (1.3 per cent).Housing Corp. says the average Those with the highest vacancy rate in 35 major vacancy rates were in Saint metropolitan areas across the John, N.B., (9.7 per cent), country rose to 2.6 per cent in Windsor, Ont., (7.3 per cent) October from 2.2 per cent in and Moncton, N.B., (6.7 per October 2011. cent).

However, the federal agency The highest average monthly rents says demand for rental condominium for two-bedroom apartments in new and apartments remained strong, with the existing structures in Canada's major vacancy rate holding steady in most of centres were in Vancouver ($1,261), Canada's largest urban centres, includ- Toronto ($1,183) and Calgary ($1,150).ing Toronto, Montreal and Vancouver. The lowest average monthly rents

Major centres with the lowest for two-bedroom apartments in new and vacancy rates in the primary apartment existing structures were in Saguenay rental market were Regina (1.0 per ($549), Trois-Rivieres ($550) and cent), Thunder Bay (1.1 per cent) and Sherbrooke, Que., ($578).

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Toronto andGlobal Market

Review

Canadians are more in omy, but noted this hock today than ever week he was encour-before, Statistics Canada a g e d t h a t c r e d i t said Thursday in releas- growth appeared to be ing fresh data on house- slowing.hold debt. Still, Carney has

The new report shows also said he expects household debt to annual the debt-to-income d i s p o s a b l e i n c o m e ratio to keep rising reached a new high at over the next couple of 164.6 per cent, from 163.3 per cent the years. That is in part because of a lag in previous quarter. time between purchase decisions —

such as a new home — and when the Bank of Canada governor Mark debt gets registered.Carney has named rising household

(Source: The Canadian press)debt a key risk to the Canadian econ-

Household Debt Keeps Rising: StatsCan

0 to 1/4 percent and currently antici-pates that this exceptionally low range for the federal funds rate will be appro-priate at least as long as the unemploy-ment rate remains above 6-1/2 percent, inflation between one and two years ahead is projected to be no more than a half percentage point above the Committee's 2 percent longer-run goal, and longer-term inflation expectations continue to be well anchored.

This practically means that interest rates in Canada too would hover close to present rates and no steep hike is anticipated in the near future.

PAGES

Rental Apartment Vacancy Rate Up: CMHC

RBC Predicts for CanadaBetter Economic GrowthThe Royal Bank's latest per cent growth in the two years,

quarterly outlook predicts growth and even more at odds with the will accelerate to 2.4 per cent next consensus forecast of 2.0 in 2013.year and continue to expand to 2.8 per cent in 2014, following a year The bulwark of the economy that saw the weakest growth since continues to be the resource the recession and a virtual stall in sector -- with Alberta and the third quarter. Saskatchewan supporting much of the

The forecast is slightly rosier than growth in both years.the Bank of Canada's call for 2.3 and 2.4 (Source: The Associated Press)

“We expect housing She added this could put demand to remain on the some further downward softer side for now, as pressure on sales volumes households become more as well as prices, especially cautious about adding in markets that have already further to their already high shifted into buyers' territory debt loads," Adrienne such as Vancouver or in Warren, a senior economist and real certain segments that may be oversup-estate specialist at Scotiabank, said this plied such as Toronto's condo market.week.

Housing Demand To Remain Softer ?

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Insure your dreamsTHE bad news is time flies; the good does not fall within valuable 20 per cent

news is you are the pilot. You cannot say of the Pare to principle.you do not have enough time. You have Make a “To Do” list to help you to do

all.”exactly the same number of hours every all essential tasks in the right order. A list day that were available to Mother Teresa, In life also, there are urgent and not- like this will give you control over what Time is money. It is better to learn to Leonardo da Vinci and Albert Einstein. so-urgent urgent matters; there are needs to be done and avoid over burden manage both. Here are some more tips for

matters that are important and those that Here is an illustrative story. of work. It also reduces stress and helps better time management.are not. If we do not know how to you get organised.A Time Management guru stood in Always take time to plan and organ-distinguish between them, we cannot front of the group of hyper-achievers and Be flexible. Interruptions and ise. If don’t spend time planning, you are, achieve better results in less time.said, “Okay, time for a quiz.” He pulled distractions are bound to happen. Have in effect, planning to fail.

Undergoing a heart surgery, meeting a out a wide-mouthed jar and set it on a time for them. Time management experts Have a clear visual picture of your deadline or repairing a broken machine table in front of him. suggest planning only for just 50 per cent desired outcome or achievement. are all examples of urgent as well as or less of one’s time to handle interrup-Then he produced about a dozen fist- Practically it means acquiring a mental important matters. Do them first. tions and the unplanned “emergency”.sized stones and placed them, one at a skill of prioritising and knowing things to

Interruptions, phone time carefully, in the jar. When no more Never be in a hurry. Give calls and some meet-rocks would fit inside the jar, he asked, yourself enough time to ings may be urgent but “Is this jar full?” perform the most necessary n o t i m p o r t a n t . tasks.Every one in the class said, “Yes”.Similarly, building a N e v e r o v e r - c o m m i t “Really?” he said reaching under the relationship, certain yourself; do not hesitate to say table and pulling out a bucket of gravel. prevention measures or “no” where required. By Then he dumped some gravel in and planning may all be learning to say “no”, you will shook the jar causing pieces of gravel to important but not see how your life gets easier.work themselves down into the spaces urgent. Junk mails,

between the big rocks. He smiled and Conquer procrastination by gossiping and other

asked the group once more, “Is this jar proper planning. Break your time-wasters may be

full?” task into smaller bits and tackle unimportant as well as

only the manageable bit(s) at a By this time the class was onto him, not urgent.time; take breaks between tasks.“Probably not,” one of them answered.

Urgent tasks have Have an activity log and “Good!” he replied and reached under s h o r t - t e r m c o n s e-

record your activities to satisfy the table once again. This time, he quences while impor-yourself that you did things the brought out a bucket of sand and sprin- tant tasks have long way you planned. Don’t rely on kled it in and around the spaces left term, goal related your memory. It is a poor guide.between the rocks and the gravel. Once implications.

more, he asked the question “Is this jar Finally, do not forget to According to the

full?” reward yourself for your well-known manage-

successes, however small they “No!” the class chorused. “Good!” he ment expert, Peter may be.grabbed a pitcher of water and began to Drucker, “Doing the

pour it in until the jar was filled to the Time is Nature’s way of right thing is more do in sequence.brim. preventing everything from happening at important than doing things right.” Set yourself SMART — that are once. By proper management, you can Then he looked up at the class and Doing the right things is effective- Specific, Measurable, Achievable, have control over the sequence of events asked, “What is the point of this illustra- ness; doing things, right is efficiency. Realistic and Time bound — goals. in your life.tion?” First focus should be on effectiveness and Prioritise your tasks and concentrate The bottom line is that you should One student raised his hand and said, then on efficiency. on those that bring the greatest rewards. know to prioritise your priorities. Good “The point is, no matter how full your The Pare to principle or the 80:20 The trick to prioritising is to isolate and prioritising is the core of good time schedule is, if you try really hard, you can Rule says that 80 per cent of results are identify that valuable 20 per cent of the managementalways fit some more things in it!” achieved with only 20 per cent effort. Pare to principle. Focus is on results, not

So, if you haven’t worked out a time “No,” replied the speaker, “that’s not on being busyIn other words, a small proportion of plan, now would be a good time to start. the point. The truth this illustration activity generates non-scalar returns Have the courage to delegate to others As the old saying goes, better late than teaches us is: If you don’t put the big frequently. or postpone or ignore, when something never.rocks in first, you’ll never get them in at

Management by PrioritisingBy Perrii Muthuraman

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17 DECEMBER 2012MONEYDREAMS & Housing MarketDEBT

Dreams and Money takes care to present all the information as accurately and efficiently as possible. Any advice or recommendation appearing in the paper is also part of information only. They should not be construed as an expert opinion. Please note that no representation or warranty with respect to the accuracy or the completeness of the information is given. Information always keeps changing. Hence all the information, including advice and recommendations are to be treated as of general nature only. For your specific circumstances, you are always advised to consult an expert before acting on any information.

DISCLAIMER

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Editor-in-Chief & PublisherPerrii Muthuraman

Direct : 416 473 6100

Editor & Technical AdvisorAishwar Muthuraman

How much is

This is the question that I am often asked. Based on what you originally paid for, to assess your home's worth, I can give you a tip.

This tip is based on certain assump-tions:

Ÿ When you bought, you paid a fair value; it means that you did not buy either at bargain price or pay a bit over for the perceived greater values.

Ÿ You did not make any significant As a Realtor, am I doingimprovements such as finished base-the same thing?ment and other similar items.Answer is yes and no. To know the Ÿ The condition of the property is

current market value, I do Current very good and you maintained it very Market Analysis or what is known as well all along. It includes proper repairs CMA analysis. and replacements that were done in the

past. I take care not to underprice your home; why? I know that you don’t want Ÿ The importance of location has not to leave thousands of dollars on the changed since you bought it. It means table.that no new developments have taken

place that will affect the property's value I also take care not to overprice your either positively or negatively. home; why? Certainly you don’t want to

drive away the potential buyers from Here's the tip:buying. The more you ask, less or no "Based on the average price of visitors to view your property. With several years, you can have a rough idea increasing number of days on the of your home's value". Shown below is market, the property also loses the sales the average home price in Greater momentum and the price drops further.Toronto since 2001

The average home prices in Greater Toronto Area:

My Home Worth Today?

Year AverageSales Prices

2001 251,5082002 275,2312003 293,0672004 315,2312005 351,9412006 351,9412007 376,2362008 379,3432009 395,4602010 431,2762011 465,0142012 (up to Nov) 498,243

(Source : TREB)

To read the whole articles

visit www.perrii.com

Perrii's 10 Tipsfor Buying a HomeŸ Know your credit rating

Ÿ Know your financials (your savings and eligible mortgage pre approval amount)

Ÿ Understand how mortgages work

Ÿ Sort out your needs and wants. (what type of home you are looking for and where?)

Ÿ Work with a Real Estate Agent (for no fee)

Ÿ Keep searching, till you find your dream home.

Ÿ Investigate and consult experts before you give your offer to buy.

Ÿ Make the offer (through your agent)

Ÿ Check the progress periodically for a smooth closing.

Ÿ Buying a home is a team work. Many people ---your real estate agent, your lender, your attorney and others--- are helping you to complete the home buying transaction. Never hesitate to ask questions to any of your team members.

unsolicited articles are welcomeselected ones will be publishedemail : editor@dreamsandmoney.com

& community news

Copyright © 2010 Dreams and Money, Canada. All Rights Reserved.

At Dreams & Money, we want to help people lead happy lives. We want to help people reach their dreams. A lot of dreams in the world require financial awareness and proper planning to bring to fruition. To get this financial knowledge can be challenging. We realize this, and want to make this process simpler.

We will bring you financial news happening around you that impacts you, along with timeless classics on topics like financial planning, life skills, health etc. to help you grow all around to reach your dreams.

If you are someone who shares this same passion, and think you can contribute to us in any way (writing articles, spreading the message etc.), please let us know. We’ll be happy to hear from you.

THE MISSION

From Perrii’s Blog: www.perrii.com

4

17 DECEMBER 2012MONEYDREAMS & INVESTING

Review Of Global Markets

Review of Indian Markets

Market outlook – weekbegins from 17 December 2012

rising 10.1% over the same month in 2011 to its best level since March. Global markets edged higher at the Chinese export- and import-growth beginning of the week amid signs of rates cooled off in November, leading progress in talks over the fiscal cliff of the nation's monthly trade surplus to billions of dollars in upcoming US tax shrink sharply to $19.6 billion. China's hikes and spending cuts. ZEW eco-HSBC flash purchasing managers' nomic expectations index, a gauge of index for December rose to 50.9, a 14-German investor sentiment, rose more month high and the fifth straight sharply than expected in December monthly gain. 2012 supported the European markets.

However, Asian and US markets Economic data in Japan showed a declined at the end of the week amid widening current-account surplus in amid more concern that a deal won't be October and gross domestic product reached to avoid large automatic tax contracting 0.9% in the third quarter, hikes and spending cuts set for the start unrevised from an initial estimate. of the year. Data showed an improve-ment in China's manufacturing sector Indian Markets declined slightly offset glom from a survey showed a during the week on worries of US fiscal sharp drop in Japanese business cliff. The market advanced on last confidence and a lack of progress in US trading session of the week after latest budget negotiations. data showed inflation based on the

The ZEW economic expectations wholesale price index (WPI) eased in index, a gauge of German investor sentiment, rose to 6.9 versus a reading of minus 15.7 in November. The ZEW current-conditions index rose to 5.7 in December from 5.4.

European Union financial ministers struck an agreement early Thursday to move the bloc closer to banking union by bringing the region's largest lenders under a single supervisory authority. Euro-zone finance ministers approved

November 2012, with core inflation the next round of rescue funds to Greece reaching 2-1/2-year low. The Sensex on Thursday, with the money expected declined in four out of five trading to be in the pipeline next week. sessions in the week just gone by. The

US Labor Department reported that BSE Mid-Cap and Small-Cap indices

nonfarm payrolls rose by 146,000 jobs shed over 1% each. Sensex shed 0.55%

last month, and the unemployment rate to 19317.25 and Nifty fell 0.47% to

fell to 7.7% from 7.9%. The Fed said 5879.60 in the week ended 14

that it will keep interest rates at December 2012.

extremely low levels until the unem-ployment rate falls to 6.5%, unless inflation accelerates before then. US

Market may follow the advance tax House Speaker John Boehner com-data, RBI's policy review during the ments indicated that significant differ-forth coming week. Corporate advance ences remain between the Republicans tax data for Q3 December 2012, and Democrats over crafting a deal to Reserve Bank of India's mid-quarter avert the fiscal cliff, the series of tax monetary policy review, fate of key hikes and spending cuts that start next financial sector reforms bills and year. Labor Department reported initial outcome of general elections in Japan claims for jobless benefits fell by 29,000 will dictate trend on the bourses next to 343,000 last week, with the data week.exceeding expectations.

Data on Q3 advance tax paid by key Chinese November industrial output

elections in Gujarat takes will take place on Monday, 17 December 2012. Counting of votes of assembly elections in Gujarat and Himachal Pradesh (HP) will take place on the same day on Indian companies due on Saturday, 15 Thursday, 20 December 2012. December 2012, could provide cues of Assembly polls were held in HP on 4 Q3 December 2012 corporate earnings. November 2012.The Reserve Bank of India undertakes

monetary policy review on Tuesday, 18 Among key global events, general December 2012, which is a mid-quarter elections will be held in Japan on policy review. The Reserve Bank of Sunday, 16 December 2012. The Bank India on 30 October 2012 said after of Japan holds two-day policy meeting Second Quarter Review of Monetary on interest rates in Japan on 19 and 20 Policy 2012-13 that it anticipates the December 2012. projected inflation trajectory which Corporate are going to announce indicates a rise in inflation before easing their results; stock specific action may in Q4 March 2013. be seen in the market. Proper learning

The winter session of the parliament and understanding about market which began on 22 November 2012 has fluctuations and factors affecting the heavy legislative agenda. The key movement of prices will lead to become financial sector reforms bills that the a successful investor. We advise you to government intends to pass this session make more money in a scientific and include insurance and pension bills and workable way. We provide professional the Banking Laws (Amendment) Bill, advisory services to manage your 2011. investment in more predictable way.

On the political front, the second and final phase of polling for assembly

Further details: shekarm@indiafinancebazaar.com www.indiafinancebazaar.com |www.ifmaonline.com

Ph : +91 9380034431/9962534431

M.Shekar

Global Indian Market and Weekly Review - Week Ended 14 December 2012

TSX is FlatTSX Trend From Dec.10, 2012 to Dec.15, 2012

TSX Trend From Dec.15, 2011 to Dec.14, 2012

The Toronto stock market was little changed Friday. The Toronto Stock Exchange's S&P/TSX composite index (.GSPTSE) ended at 12,296.72. It notched a 1.1 percent gain for the week.

The TSX financial sector was slightly higher while Standard & Poor’s down-graded the ratings of six of Canada’s financial institutions, citing a softening econ-omy, low interest rates and a slowing Canadian economy.

S&P says the risk for the Canadian banking sector is increasing and that it expects intensifying competition for loans and deposits will pressure profit growth.

The firm lowered its ratings for Scotiabank, National Bank, Laurentian Bank of Canada, Central 1 Credit Union, Caisse centrale Desjardins and Home Capital Group each by one notch. The outlooks for all six financial institutions are stable.

Source : Yahoo Finance

Manufacturing Sales Drops

Manufacturing sales declined 1.4% in October to $48.8 billion, reflecting drops in the aerospace product and parts, the motor vehicle assembly, and the primary metal industries. These declines were partly offset by higher sales in the petroleum and coal product as well as the wood product industries.

Sales declined in 12 of 21 industries, representing approximately 71% of the manufacturing sector. Sales of durable goods decreased 2.9% to $24.7 billion while sales of non-durable goods rose 0.3% to $24.2 billion.

Constant dollar manufacturing sales fell 2.4% in October, indicating a decline in the volume of manufactured goods sold.

Jobs For Landed Immigrants

In 2011, employment among landed immigrants in the core working-age group of 25 to 54 increased 4.3% from the previous year. The majority of the growth occurred among established immigrants who had been in the country for more than 10 years. Over the same period, employment among core-aged Canadian born was virtually unchanged.

Slowing Canadian Economy

Real gross domestic product rose 0.1% in the third quarter of 2012, slowing from the 0.4% growth in the second quarter.

Weekly Statistics Canada News