dreams & money: match 2013 issue 2

5
11 MARCH 2013 WEEKLY Living Apart Together 2 2 Pre-listing Home Inspection 2 3 3 4 & Finance Minister Jim Flaherty is issuing a warning to the country's banks, as stiff competition for mortgage customers is prompting lenders to cut rates heading into the key spring home- buying season. "My expectation is that banks will engage in prudent lending – not the type of 'race to the bottom' practices that led to a mortgage crisis in the United States," Mr. Flaherty said in a statement to the Globe on Sunday, after Bank of Montreal reduced its price on five-year fixed-rate mortgages to 2.99 per cent * Independently owned and operated Email : [email protected] Web: www.dreamsandmoney.com 416.473.6100 Sales Representative INNOVATIVE REALTY INC. Brokerage* Your Home Thinking of Selling ... Ask for PERRIIs PERRII MUTHURAMAN MBA PFP CCP 416 473 6100 416 298 8383 Direct Office Dreams Fulfiller Free Market Evaluation To BUY or SELL First? Male Female Male Female Male Female Term 10* age 30 age 40 age 50 $ 11 $ 21 $ 14 $ 27 $ 17 $ 60 $ 100 000 $ 500 000 $ 9 $ 15 $ 12 $ 21 $ 13 $ 40 *The most preferred rates. Rates may vary based on your health and smoker status. To Save Money & Buy Peace –Talk to , your trusted advisor**. **Representing Manulife, RBC Insurance, Canada life, Industrial alliance and many others Perrii Phone: 416 473 6100 Protect your most valuable asset - yourself and your loved ones Buy term insurance buy peace. Price: cup of coffee a day or even less. Save money. Compare our rates with Banks' Mortgage insurance rates. Toronto and Global Market Review from 3.09 per cent. That was the lowest advertised five- year mortgage rate among the big banks as of Sunday afternoon, although lower rates are available in the market. BMO sparked controversy when it first introduced this rate, which at the time was a new low, in January of 2012, spurring a price war among lenders. The big banks backed off the ultra-low posted rates after a short period of time last year. Mortgages are the largest segment of the banks' core Canadian lending businesses. "There is no question that the Canadian banking industry is facing slightly slower growth as a result of slower mortgage demand," Gord Nixon, CEO of Royal Bank of Canada, the country's largest mortgage lender, said on a conference call last week. In a press release Ernie Johannson, senior vice-president of personal banking in Canada for BMO, said "BMO's efforts to encourage Canadians to pay down debt and build equity in their homes have been aligned with Minister Flaherty's timely and prudent actions to encourage moderation in the housing market." Flaherty BMO Cuts Rates warns Banks over Igniting Mortgage war as www.dreamsandmoney.com Dream Issue 3 10 Bank of Canada Governor Mark business borrowers with higher interest Carney kept the central bank’s influen- rates until next year at the earliest. tial interest rate at 1 per cent Wednesday Given the continued slack in the and let Canadians know that borrowing Canadian economy and “the muted costs are unlikely to go up any time outlook for inflation,” the current level soon. of the bank’s influential overnight rate He is leaving his Ottawa post this “will likely remain appropriate for a summer to take over the Bank of period of time,” Carney said after England, and economists say the Bank holding the rate at 1 per cent of Canada’s current stance means it will Wednesday. not be inclined to hit consumers and (Source: Thestar.com) Exports grew faster than imports in January, when the trade deficit shrank to just C$237 million ($230 million), Statistics Canada said. This shows that Canada's hard-pressed economy showed signs of recovery in January "The improvement in the trade picture, small as it may be, is an impor- tant first step for the Canadian economy this year," Francis Fong of TD Economics said in a note to clients. needs to post a more sustained recov- "After an undeniably weak 2012, ery." exports are going to be increasingly Canada's booming housing industry, looked to as a driver of growth, given boosted by low interest rates, helped the that households and government are economy recover from the worst of the expected to moderate spending. 2008-09 recession. In a bid to head off a "Over the course of 2013 and possible bubble, the government through 2014, global economic growth stepped in last year to clamp down on should accelerate, particularly in the the sector with tighter mortgage rules. U.S., and this should provide Canada's This has since cooled the market. export sector with the shot-in-the-arm it (Source: Reuters) 5 PAGES News & Views Digest Canadian Economy Shows Signs of Recovery in January Bank of Canada holds Interest Rate at 1 per cent The Canadian wine industry has grown into a major contributor to the Canadian economy, worth $6.8 billion and employing 31,000 people in 2011, according to a research study released Tuesday. Ontario has by far the largest wine and grape growing industry, with a total economic impact of $3.3 billion, while British Columbia, at slightly over $2 Constellation Brands and Andrew Peller billion is second, according to the Ltd. Both companies have a large report, Canada’s Wine Economy, Ripe, portfolio of brands sold across all Robust, Remarkable. Nova Scotia and provinces and their revenues account Quebec, which rely more on imported for a significant portion of the $1.15 wines bottled at domestic wineries, billion in direct winery revenues account for the rest. identified in the report. Canada has 476 wineries, but only (Source: vancouversun.com) two of them are considered giants: CANADIAN WINES PACK A $6.8 Billion Punch to the Economy Some mortgage brokers derided BMO's newly advertised price as a marketing gimmick on Sunday, noting that a number of banks have already begun offering that rate again. Banks' advertised, or posted, mortgage rates mask the discounts that many if not most customers can obtain by haggling. "Most banks aren't advertising 2.99 per cent, but I know if you walk into any branch in the city right now they'll start off with 2.99 per cent as the starting rate," said Christopher Molder, a Toronto mortgage broker. (Source: The Globe and Mail)

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Page 1: Dreams & Money: Match 2013 Issue 2

11 MARCH 2013WEEKLY

Living Apart Together

2 2

Pre-listingHome Inspection 2 3

3

4

&

Finance Minister Jim Flaherty is issuing a warning to the country's banks, as stiff competition for mortgage customers is prompting lenders to cut rates heading into the key spring home-buying season.

"My expectation is that banks will engage in prudent lending – not the type of 'race to the bottom' practices that led to a mortgage crisis in the United States," Mr. Flaherty said in a statement to the Globe on Sunday, after Bank of Montreal reduced its price on five-year fixed-rate mortgages to 2.99 per cent

* In

dep

end

entl

y o

wn

ed a

nd

op

erat

ed

Email : [email protected]: www.dreamsandmoney.com

416.473.6100Sales Representative

INNOVATIVE REALTY INC.Brokerage*

Your Home

Thinking of Selling ... Ask for PERRII’s

PERRII MUTHURAMAN MBA PFP CCP

416 473 6100 416 298 8383Direct Office

Dreams Fulfiller

Free Market Evaluation

To BUY or

SELL First?

Male FemaleMale FemaleMale Female

Term 10* age 30 age 40 age 50

$ 11$ 21

$ 14$ 27

$ 17$ 60

$ 100 000$ 500 000

$ 9$ 15

$ 12$ 21

$ 13$ 40

*The most preferred rates. Rates may vary based on your health and smoker status.To Save Money & Buy Peace –Talk to , your trusted advisor**. **Representing Manulife, RBC Insurance, Canada life, Industrial alliance and many others

Perrii Phone: 416 473 6100

Protect your most valuable asset - yourself and your loved ones Buy term insurance buy peace. Price: cup of coffee a day or even less.Save money. Compare our rates with Banks' Mortgage insurance rates.

Toronto andGlobal Market

Review

from 3.09 per cent.

That was the lowest advertised five-year mortgage rate among the big banks as of Sunday afternoon, although lower rates are available in the market.

BMO sparked controversy when it first introduced this rate, which at the time was a new low, in January of 2012, spurring a price war among lenders. The big banks backed off the ultra-low posted rates after a short period of time last year.

Mortgages are the largest segment of the banks' core Canadian lending businesses. "There is no question that the Canadian banking industry is facing slightly slower growth as a result of slower mortgage demand," Gord Nixon, CEO of Royal Bank of Canada, the country's largest mortgage lender, said on a conference call last week.

In a press release Ernie Johannson, senior vice-president of personal banking in Canada for BMO, said "BMO's efforts to encourage Canadians to pay down debt and build equity in their homes have been aligned with Minister Flaherty's timely and prudent actions to encourage moderation in the housing market."

Flaherty BMO Cuts Rates

warns Banks over Igniting Mortgage war as

www.dreamsandmoney.com

Dream Issue3 10

Bank of Canada Governor Mark business borrowers with higher interest Carney kept the central bank’s influen- rates until next year at the earliest.tial interest rate at 1 per cent Wednesday Given the continued slack in the and let Canadians know that borrowing Canadian economy and “the muted costs are unlikely to go up any time outlook for inflation,” the current level soon. of the bank’s influential overnight rate

He is leaving his Ottawa post this “will likely remain appropriate for a summer to take over the Bank of period of time,” Carney said after England, and economists say the Bank holding the rate at 1 per cent of Canada’s current stance means it will Wednesday.not be inclined to hit consumers and (Source: Thestar.com)

Exports grew faster than imports in January, when the trade deficit shrank to just C$237 million ($230 million), Statistics Canada said. This shows that Canada's hard-pressed economy showed signs of recovery in January

"The improvement in the trade picture, small as it may be, is an impor-tant first step for the Canadian economy this year," Francis Fong of TD Economics said in a note to clients.

needs to post a more sustained recov-"After an undeniably weak 2012, ery."exports are going to be increasingly

Canada's booming housing industry, looked to as a driver of growth, given boosted by low interest rates, helped the that households and government are economy recover from the worst of the expected to moderate spending.2008-09 recession. In a bid to head off a "Over the course of 2013 and possible bubble, the government through 2014, global economic growth stepped in last year to clamp down on should accelerate, particularly in the the sector with tighter mortgage rules. U.S., and this should provide Canada's This has since cooled the market.export sector with the shot-in-the-arm it

(Source: Reuters)

5PAGESNews & ViewsDigest

Canadian Economy Shows Signs of Recovery in January

Bank of Canada holds Interest Rate at 1 per cent

The Canadian wine industry has grown into a major contributor to the Canadian economy, worth $6.8 billion and employing 31,000 people in 2011, according to a research study released Tuesday.

Ontario has by far the largest wine and grape growing industry, with a total economic impact of $3.3 billion, while British Columbia, at slightly over $2

Constellation Brands and Andrew Peller billion is second, according to the Ltd. Both companies have a large report, Canada’s Wine Economy, Ripe, portfolio of brands sold across all Robust, Remarkable. Nova Scotia and provinces and their revenues account Quebec, which rely more on imported for a significant portion of the $1.15 wines bottled at domestic wineries, billion in direct winery revenues account for the rest.identified in the report.

Canada has 476 wineries, but only (Source: vancouversun.com)

two of them are considered giants:

CANADIAN WINES PACKA $6.8 Billion Punch to the Economy

Some mortgage brokers derided BMO's newly advertised price as a marketing gimmick on Sunday, noting that a number of banks have already begun offering that rate again. Banks' advertised, or posted, mortgage rates mask the discounts that many if not most customers can obtain by haggling.

"Most banks aren't advertising 2.99 per cent, but I know if you walk into any branch in the city right now they'll start off with 2.99 per cent as the starting rate," said Christopher Molder, a Toronto mortgage broker.

(Source: The Globe and Mail)

Page 2: Dreams & Money: Match 2013 Issue 2

2

11 MARCH 2013MONEYDREAMS & Insure your dreams

Success is said to be just a process by you?many. 5. What do you need to be success-

Alex Noble said, “Success is a ful?process, a quality of mind and way of 6. What you do now?being, an outgoing affirmation of 7. Is it working?life.”

8. How do you know it's working?Conrad Hilton said, “Success is a

9. How do you know when you're process more than a realization”done?

Wale said,“Failure is not an option, 10. How much time do you have?success is just a process”11. What's next?If success is a process, I was wonder-12. What's the right thing to do?ing what that process is. Here is what I

have figured out. 13. Is now the right time?

Step1. Change your mind set from 14. What's stopping you?poverty to abundance and hatred to love 15. What's good enough for now?

It means you have to move your 16. Next what?thinking from poverty to positivity and 17. What's the problem?possibility.

18. What are you spending the bulk If you ask how, here are the steps: of your time on?Ÿ Analyse your existing beliefs and 19. What do you want to do more

assumptions (example: money is of each day?evil/impossible to become rich)

20. Does your schedule reflect your Ÿ Remove your wrong beliefs and priorities?

false assumptions. (example: all rich Based on the answers, develop a people are worldly)

positive, workable plan that can lead to Ÿ Fill with right beliefs and assump- all types of successes even if you don't

tions (example: I am a very successful believe the so-called poverty mentality and loveable person) exists.

It is often said jealousy, fear based Step3: Act! Act! Act!decision making, and constant fixation

The next logical step is acting on on (lack of) money are the characteris-your plan. Failures, mistakes, losses, tics of poverty mentality. Remove such pain, poverty, barriers, and difficulties thoughts, if any. Then fill the vacuum are all part, or stepping stones, to with loveable, empowering thoughts. becoming successful or excellent in life. Even when one door is closed, exploring Be thankful for such experiences and for another door that might have opened learn from them. Nothing to regret is positivity or possibility thinking.really and there is no time for that.

Right beliefs and mind set create When you are acting remember the what you want including wealth. Learn

following:to be in charge of your own attitude and Ÿ Managing your time on daily basismind set. When you set yourself free

from a poverty mentality, you gain Ÿ Discipline to stick to your schedule abundance mind set. The moment you (doing what you have to do day after start believing in abundance, you will day)notice the changes that are occurring in Ÿ Persistence (with patience for and around you; that is the new reality. desired results) and evaluating at

Step2: Ask right questions to periodical intervals.yourself. Conclusion:

Thus, poverty mentality is an attitude. It's a Having decided to change your way of thinking that is said to perpetuate destiny towards success, happiness and poverty. It becomes a self-fulfilling prophecy.

abundance, you have to ask right Basically, what you need is change of attitude; an attitude of self-belief and questions to yourself like:empowerment rather than one of self-pity 1. What do you want your life to and jealousy. By changing your thinking and

be? acting on it, you can change your life and achieve success. As Winston Churchill said, 2. What's the goal?”success is not final, failure is not fatal; it is the

3. If not now, when? courage to continue that counts.”

4. What would success look like to

About 1.9 million Canadians, or just over 7% of the population aged 20 and over, said that they were in a couple relationship with someone in 2011, but lived at separate addresses. This proportion was down slightly from 8% in 2001.

These relationships, often referred to as "non-cohabiting" couples, or "living apart together" (LAT) couples, are increasingly tracked by statistical agencies around the world to get a better sense of the living arrangements of couples.

LAT couples were mostly concentrated among young adults as 31% of individu-als aged 20 to 24 and 17% of those aged 25 to 29 were in a LAT relationship.

On the other hand, just over 2% of older Canadians aged 60 and over were in a LAT couple. However, the proportion of older individuals in this situation was up slightly from 2001.

About 14.3 million people aged 20 and over, or 55% of the population, were married and living under the same roof. Another 3.2 million were in a common-law relationship, and 6.4 million reported that they did not have a partner.

About 42% of adults aged 20 and over reported they were in a LAT couple because they were constrained by “circumstances." Others (39%) suggested they were in it by "choice."

A quarter of those in a LAT couple who were constrained by circumstances reported financial circumstances as the major factor, while another quarter men-tioned studies-related circumstances.

The proportion citing work-related circumstances was 15%, but rose to 32% among those aged 40 to 49.

Adults for whom the relationship was a matter of choice were asked to specify the main reason they had opted for it. Nearly half (48%) said they were "not yet ready for living together," while 28% cited the desire to "keep independence."

Older individuals, however, were more likely to be in a LAT couple by choice. Of all individuals aged 60 and over who were in a LAT couple, 37% said they had chosen this type of relationship to maintain independence.

Individuals in a LAT couple were also queried about their intentions to move in with their partner in the foreseeable future.

More than 80% of young adults in a LAT couple aged 20 to 29 said they wanted to live together at some point. This shows that LAT relationships are generally transi-tional at this age.

However, less than 30% of people aged 60 and over in a LAT couple intended to move in with their partner, indicating that older individuals are more predisposed to remain in this kind of relationship over the long-term.

In fact, 42% of older Canadians in a LAT couple reported that they did not intend to move in with their partner and that they were in it by choice.

Among adults, two in three reported they had been in a LAT couple for less than three years.

However, 9 in 10 people in a LAT couple were seriously involved enough that most or all of their closest family and friends knew about it.

Living apart did not always mean long distances. In 2011, 20% of people in a LAT couple lived at least a one-hour drive from their partner, 34% lived between a 30- and 60-minute drive away, and 45% of LAT couples lived in the same neigh-bourhood.

People aged 60 and over had a greater tendency to live in the same neighbour-hood as their LAT partner.

REASONS FOR LAT RELATIONSHIPS

RELATIONSHIPS MOSTLY TRANSITIONAL, BUT NOT IN ALL CASES

MOST LAT RELATIONSHIPS ARE RELATIVELY RECENT

LIVING APART TOGETHERStudy by Statistics Canada

Master the Success Process!By Perrii Muthuraman

The Canadian economy created 50,700 jobs compared with the approximately 8,000 jobs that economists had expected.

The country’s unemploy-ment rate stayed steady at 7% as more people entered the workforce to seek jobs. Economists had expected a small increase.

UNEMPLOYMENT RATE

EMPLOYMENT ROSE IN FEBRUARY

Weekly Statistics Canada News

Page 3: Dreams & Money: Match 2013 Issue 2

2

11 MARCH 2013MONEYDREAMS &

If you already own a home, one of the first decisions you’ll face when you prepare for a move to your next home will be whether to buy first or to sell your existing home prior to making a purchase. locality. Sometimes

“There is no ‘right’ decision, but it’s the problem is that important to know the potential conse- you may end up quences of both routes,” says RECO paying two mort-Registrar Joseph Richer. gages till your home

is sold and also may end up accepting Choose this route, if you are looking lower offers for your home.for a specific type of home in a specific

BUY FIRSTSELL FIRST

CONDITIONAL-ON-SALE OFFERS

Choose this route, if you are com-fortable with knowing the sale money and the surplus it can bring for you, before buying a home. Sometimes the problem could be with rushing the process of buying a home that is not ideal for you. The best thing could be a contingency plan like flexible closing date suitable to you or staying in the same house for some time as tenants etc.

When you buy first, this clause can save you, provided seller agrees. It means your offer is conditional on the sale of your existing home, typically within a given time frame.

In conclusion, we can say that your specific situation and needs combined with market conditions determine the best route for you. I can offer advice and solution to guide you through the process. You may contact me at 416 473 6100 or email: [email protected]

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

105-2100 Ellesmere Road,Scarborough, ON, M1H 3B7

Ph: 647 352 4945 | Fax: 647 352 6110Email: [email protected]

www.dreamsandmoney.com

Editor-in-Chief & PublisherPerrii Muthuraman

Direct : 416 473 6100

Editor & Technical AdvisorAishwar Muthuraman

unsolicited articles are welcomeselected ones will be publishedemail : [email protected]

& 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 Housing Market

Market is picking up as we approach the busy spring season.

inspection is not a substitute for buyer's If you are planning to sell your home, home inspection.

it's time to talk. I recommend some If a home inspection done at closing

simple steps for getting the best price for uncovers major problems in the house,

your home in the shortest possible time the buyer can try to negotiate a lower

in the market. One such step is doing a price or cancel the deal entirely. Still

pre-listing home inspection, if you worse, if the buyer discovers major

bought the home many years ago.problems after closing, the buyer can

A home inspection is an important part of any real estate deal. When buying a home, most buyers will only sign a contract that has a contingency for a home inspection. Often sellers proactively order a pre-listing home inspection as a way to differentiate their home from other thousands of homes on the market. However it is to be clearly understood that such pre-listing home

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WHY RENT WHEN YOU CAN BUY?WHY RENT WHEN YOU CAN BUY?Call Perrii to find out how you qualify and how soon you can buy your dream home

BE A HOME OWNER

cell: 416 473-6100office: 416 298-8383

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>>Cont. Pg.4

Page 4: Dreams & Money: Match 2013 Issue 2

4

11 MARCH 2013MONEYDREAMS & INVESTING

Review Of Global Markets

Review of Indian markets

21.8% from a year earlier to US$139.3 billion last month, a bit down from a European, Asian and US markets surge of 25% in January and imports traded mostly higher during the week on dropped 15.2% to US$124.1 billion upbeat economic data. World stocks against a jump of 28.8% the previous rose on bullish economic data in the US month. and China, the world's no 1 and 2

economies. Data showed fall in US Japan's economy pulled out of its jobless claims to a five-year low last 2012 downturn faster than previously week and better-than-expected Chinese exports boosted the sentiment. The survey on the service sector fed into indications that the US economy is gradually improving and speculation the Federal Reserve will continue stimulus measures overshadowed concern over spending cuts and China's economy also supported the market.

European Central Bank (ECB) kept interest rates steady on Thursday at a record-low 0.75%. ECB cut its forecasts for the euro zone economy for this year and next but kept its forecasts for inflation broadly unchanged. In a new outlook given after its monthly policy estimated, GDP rose at a price-adjusted meeting, the ECB foresaw gross 0.2% in annualized terms in the fourth domestic product (GDP) declining by quarter, up from the previous reading of between 0.9% and 0.1% in 2013, a 0.4% contraction. Japan showed the lowering the top end of the forecast third straight month of shortfall in which had held out some hope of growth current account as the country's trade this year. It also cut its forecast for balance deteriorated. The current growth next year to 0% and 2% from account deficit came to 364.8 billion between 0.2% and 2.2% in its previous yen in January 2013, after a 264.1 forecast. billion yen deficit in December 2012.

The Bank of England decided to A bullish survey on the service sector keep its benchmark interest rate fed into indications that the US econ-unchanged at 0.5%, a record low, amid omy is gradually improving. The doubts about the strength of Britain's Institute for Supply Management's non-economic recovery. The central bank manufacturing index, which covers also held its program of economic about 90 percent of the US economy, stimulus unchanged at £375 billion, or increased to 56 last month from 55.2 in about $560 billion. January. In US four-week moving

average of jobless claims, which China recorded a surprise $15.3 smoothes out the often volatile weekly billion trade surplus in February 2013, data, dropped by 7,000 to 348,750 for confounding expectations the economy the week ended March 2, the lowest would swing to a trade deficit due to level since March 2008. seasonal weakness from the week long

Chinese Lunar New Year holiday last month. February's Exports increased Market rallied during the week as

combined consumer price index for rural and urban India for February 2013 on Tuesday, 12 March 2013. The CSO will unveil data on inflation based on the wholesale price index for February world stocks rally on good economic 2013 on Thursday, 14 March 2013. data. World stocks rose on bullish

economic data in the US and China, the The government has lined up a world's no 1 and 2 economies. Nifty number of key bills for consideration attained its highest closing level in more and passing during the ongoing Budget than 4 weeks. Indian stocks gained in session of the parliament. The Budget four out of five trading sessions. Sensex Session of the Parliament which began up 4.04% to 19683.23 and Nifty up on 21 February 2013 will conclude on 3.95% to 5945.70 in the week ended 8 10 May 2013. Reduction of promoter March 2013.Finance Minister P. stake to meet the Securities & Exchange Chidambaram said that the government Board of India (Sebi) mandated mini-will soon announce more measures to mum public shareholding of 25% for boost economic growth which will private companies and 10% for state-include sops for exporters. Resumed run firms will result in supply of equity buying by FII also supported domestic in the market over the next few months. bourses. The HSBC services PSU divestment will also add to share Purchasing Managers' Index, based on a sale glut in FY 2014. survey of around 400 companies, fell to On the global front, Asian markets 54.2 in February from a one-year high of will on Monday, 11 March 2013, react to 57.5 in January. the influential US non-farm payroll data

for February 2013 which will out on Friday, 8 March 2013.

Market may follow the macroeco- T h e F e d e r a l O p e n M a r k e t nomic data and advance tax data figures Committee (FOMC) holds a two-day in the forth coming week. Advance tax meeting on the interest rates in the payment for the final installment of the United States on 19 and 20 March 2013. current fiscal year which is 15 March Investors can make money even in a 2013, could provide cues on the likely highly volatile market by proper Q4 March 2013 corporate earnings. learning and understanding the market Macroeconomic data on industrial situation and discipline trading. We production and inflation could provide provide real time training to create cues on the likely monetary policy independent investors and also manage stance of the Reserve Bank of India investment portfolio in a prudent (RBI) at mid-quarter monetary policy manner.review on 19 March 2013.

The Central Statistics Office (CSO) will unveil data on industrial production for January 2013 and also data on the

Weekly outlook – week begins from 11 March 2013

[email protected] www.indiafinancebazaar.com |www.ifmaonline.com

Ph : +91 9380034431/9962534431

Further details:

M.Shekar

Global Indian Market and Weekly Review - Week Ended 1 March 2013

TSX Edges Higher, but Very Slowly than US Equity Markets

The Toronto Stock Exchange's S&P/TSX composite index (.GSPTSE) closed at 12, 835.61 (previous week:12,773.12) and notched a gain of 0.07 percent for the week. The TSX has been hobbled this week by a drop of about 1.6% in the gold sector.

The Toronto index is up about 3 percent this year, trailing an 8 percent rise in the S&P 500.

Strong jobs data in both Canada and the United States had little impact on shares as Canadian investors seemed reluctant to follow U.S. equity markets higher.

The Canadian dollar was at 97.17 (previous week 97.36) cents US.

The Dow Jones industrials closed at 14,397.07( last week 14 089.66), the Nasdaq at 3,244.37 (last week 3169.74) and the S&P 500 index was at 1,551.18(last week 1518.2).

TSX Trend From Mar.4, 2013 to Mar.9, 2013

Source : Yahoo Finance

PRE-LISTING HOME INSPECTION Ÿ crawl space

From Pg.3 Ÿ Structure

sue the seller. Such ugly situations can Ÿ Garage or Carportbe avoided with the pre listing home Ÿ Exterior walls and windowsinspection.

Ÿ Doors, porches and decksSome of the advantages of pre-

Ÿ Roofing, gutters and skylightslisting home inspection include:

Ÿ Chimneys and masonryŸ The report and any repair receipts,

Ÿ Attic, ventilation and insulationwhich provide buyers with proof of a Ÿ Interiorshome's condition.Ÿ Kitchen and bathroomsŸ An environment of trust and

goodwill, between sellers and buyers. Ÿ Plumbing and domestic hot water systemsŸ Peace of mind for potential buyers,

even before they do their own home Ÿ Heating systemsinspection. Ÿ Electrical system

Ÿ Time to correct defects that could Generally, problems with the roof or possibly increase the value and quicken foundation, health and safety issues, and the sale process. problems with the heating or air

Ÿ Less stressful negotiations, as both conditioning gets top priority.buyer and seller agree on the condition Let me know when you plan to sell of the house. your home. I can arrange a free pre-

A home inspection includes the listing home inspection for you. My inspection of: telephone # 416 473 6100 ; email:

[email protected]Ÿ Foundations

Page 5: Dreams & Money: Match 2013 Issue 2

11 MARCH 2013MONEYDREAMS & ADVERTORIAL

Old Mahabalipuram Road (OMR) is the most investment centric and upcoming suburb in Chennai, INDIA. We present to you an exclusive and premium high end Villa community - ONE WORLD located in close proximity to OMR. This is destined to be the next preferred high-end luxury private residence ! Exclusively designed and presented to you by the Real Estate arm of India’s largest media conglomerate with over 175 years of rich legacy. ONE WORLD is specifically designed taking into perspective contemporary design, luxury and space into account. Own one of the 150 signature villas, which range from 3, 4 and 5 Bedroom Villas tastefully fashioned with emphasis on high end luxury and designed by internationally renowned International interior designers.

These range between *Rs. 3.5 Crores and Rs 5.6 Crores – exclusive offer in place for Dreams & Money subscribers and readers.

In the next five to seven years, the appreciation value of a villa will rise by 150-200 per cent. If “an individual currently in the middle-income group buys a villa now, when it is relatively afford-able, he may fall into the high-income group when the prices shoot up,” said N. Nandakumar, governing council member of the Confederation of Real Estate Developers’ Associations of India. Villas have existed on East Coast Road for several years now, catering exclusively to high-income groups. But now, they come at a modest price in areas like Navalur on Old Mahabalipuram Road (OMR), Singaperumal Koil, Sriperumbudur and GST Road, say experts” - Article from an independent leading daily in Chennai, INDIA

AURA – AT THE HEART OF THE IT CORRIDOR

AURA BOULEVARD – YOUR PERMANENT ADDRESS IN THE FUTURE

YOUR CHOICE OF VILLAS

Nestled in the hottest investment destination is “Aura Boulevard” at the heart of Medavakkam Mambakkam Road. You can leave the cares of the city behind and not its conveniences, with proximity to important landmarks on that stretch, makes it a much sought after location for property seekers and smart investors. The location of the project ensures you are insulated from the noise, dirt and pollutions of the city life.

An ultimate investment destination for home buyers! AURA BOULEVARD, A gated community of embel-lished with blissful natural surroundings, landscaping, best of facilities and a chance to live life luxuriously. An awe-inspiring project with luxurious villas that helps you move away the concrete jungle to a world where quality, comfort and aesthetics meet world class construction. Unravel an expression of the luxury of these villas in Chennai at a beautiful stretch of 6.15 acres, which brims with modernity and finery.

AURA BOULEVARD villas are thoughtfully planned with a feeling of elegance and promises you a sophisticated lifestyle. You can choose from amongst 4 different villa variants. All the villas are constructed with best archetypes and materials with great attention to details. Our villas are specifically planned to provide maximum value and lifestyle that you are worthy of! From a modest built up of 1,500 sq ft to spacious 2,000 sq ft, there is enough room for your dreams to be unraveled.

BUY A LUXURY VILLA IN CHENNAI, INDIA

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EXCLUSIVE DISCOUNTS areavailable forDreams & Money

Subscribers and Readers

LIMITED TIME OFFER

SPECIALDISCOUNT

UP TO

LIMITED TIME OFFER

SPECIALDISCOUNT

UP TO

16%16%

WE CAN ALSO HELP YOU TO BUY IN OTHER PROJECTS TO SUIT YOUR BUDGET

Nestled in the hottest “investment destination of Chennai is ONE WORLD. At Vandalur - Kelambakkam Road, with proximity to OMR and GST Road, ONE WORLD is just throw away from various IT parks, SIPCOT, Cyber city etc. Due to these development in recent the area has seen a jump in real estate prices as much as 100% since 2008. With the trend cont inu ing, ONE WORLD provides you an opportunity to see your investment proliferate. A smart investor will watch out for such opportunity & buy at the right time and avail the benefits of a promising future.”

PROJECT OVERVIEW:s Located on the Vandalur – Kellambakam Roads Villa Types : 3 ( A, B,C)s Spread over 24 Acres – Exclusive 150 Villass Size : From 4,200 Sq Ft to 7,500 Sq Ft ( Built up area)s No. of beds : 3,4,5s No. of Companies in proximity - 75 approxs Infrastructure 4 lane roads Intl Airport 23 kmss City Centre 30 kmss Amenities World Class

AMENITIESs Furnished homes (Modular Kitchen & Wardrobes)s Power Backups RFID secureed Wi-Fi campuss 5 Star Club Houses Business Centre & Guest Suitess Café lounges Health Spa & Salons Gold putting Greenss Squash & Tennis Courts Swimming Pools State of the Art Gymnasium

Contact or email:

Perrii on Ph: 001 416 473 [email protected]

Value for your moneyAura – Another villa project at Chennai

Exclusive discounts are available for Dreams & Money Readers and Subscribers

It’s a Group Housing. Approval by DTCP.1651 SFT-(Type-A) comes with

4 Bedroom and 4 washroom

LIMITED TIME SPECIAL OFFER: Rs.3000 Per Sq.ft plus other charges.

REGULAR PRICE: Rs 3600 per sq.ft plus other charges.

For details contact: or Phone [email protected] 001 416 473 6100

Schools in Vicinity:s Delhi public schools PSBB millennium schools Sushil hari international school

s Zigma matriculation schools Vidhya matric higher secondary schools CHRIST the king hr sec schools Balavidhya mandirs HLC International school

Proposed Amenities:s Club houses Swimming pools Gymnasiums Multipurpose halls Department stores Pharmacys Indoor & out door gamess Childrens play area And much more amenities.Hospital in Vicinity:s Chettinad Hospitals Tagore hospitals Global hospitals Annai Theresa hospitals Suraj hospitalss Medavakkam primary health centers 24 hrs clinic in ponmar

DISTANCE TABLE

VITMedavakkam

VelacheryOMR Navalur

Vandalur - Kelambakkam RoadTambaram

AirportSiruseri SipcotKelambakkam

Chettinad Health City

6 Kms7 Kms14 Kms8 Kms3.3 Kms10 Kms17 Kms7 Kms10 Kms8 Kms