Nov 7

By Stefan Hyross

The forecasts for a nationwide Canadian housing bubble have so far not become reality, and the real estate market has remained robust throughout the mortgage crisis that rocked the U. S. economy the past few years. Analysts were concerned that the Canada Mortgage and Housing Corporation’s (CMHC) plan to keep the credit circulating by approving high-risk loans had created an alarming 7.4:1 ratio of income to housing values — almost 50 percent more than the American ratio before the U.S. housing bubble burst. As a consequence of the CMHC’s policy shift, the average Canadian household debt underwent a 9.3 percent raise in only one year.

In the earlier part of this year, Stephen Jarislowsky — the 84-year-old investment advisor presumably worth $1.85 billion — said to reporters that the CMHC’s plan had failed. Jarislowsky flatly negated the comments made by Finance Minister Jim Flaherty claiming that the indications did not forecast to a future housing bubble. Jarislowsky was persuaded that the government’s plans had not strengthened the economy. ” They have basically encouraged renters to purchase homes based on inexpensive mortgages. The City of Toronto is an example of this as purchasers have pushed up prices for Toronto properties simply because of affordable mortgages.

In February, the Wall Street Journal investigated the possibility of a Canadian housing bubble and pointed out that bold lending practices adopted after the 2008 crash of the U.S. based Lehman Brothers could have backfired unless the government balanced the lending practices. In January of 2010, the Bank of Canada representative expressed the hesitation of the banks to take measures, saying that “if the Bank were to increase interest rates to slow down the property market now “we would, in essence, be dousing the entire country’s economy with cold water, just as it crawls out from recession”. Condo owners in Toronto are following this extremely closely since a rise in lending rates would have a large impact on condos for sale in downtown Toronto which would affect sales.

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The Canadian Real Estate Association figures that were published for the first half of 2010 does show that the start of the slowdown in 2008 created a steep drop in residential real estate transactions. But this was short-lived, and the rebound has not been as dramatic as expected. Even though the May 2010 sales numbers indicated a 9.5% drop, the year-over-year price gains actually moderated it to 8.4 percent. Currently the market is stabilizing, and the offering of homes is increasing as the prices go up and buyers are not as anxious to invest. If you own a home in Toronto you may be able to withstand a fall in the value of your property however smaller regions like the Hamilton real estate market could see a substantial decline in housing values.

“The bubble threat made a lot of people nervous,” explained Pascal Gauthier of the Toronto-Dominion Bank, who saw clients fearing a crash similar to the 30 percent drop in U.S. housing values. But he mentions this summer he is experiencing a “180-degree turn from six months ago,” and that the interim factors that boosted values have only resulted in a modest fall in a sector that was clearly overpriced. Gauthier estimates that the national average may experience a 7% decline, but that the markets in Toronto and Vancouver will bear the brunt of that decrease, and a few sectors such as The Prairies and Maritimes could even start to realize increases by the end of the year.

About the Author: Stefan Hyross is a housing writer that studies the housing sector. For news about

Toronto properties

or to look for

condos for sale in downtown Toronto

please visit the sites. You may also search for

Hamilton real estate

and information.

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Oct 16

By Pat Malcolm

Japanese Camellia, Camellia japonica. American gardeners in the South know and love the Camellia japonica, a landscape shrub, bush, or tree that can grow 20 feet tall. The Camellia japonica became an important garden landscape plant in the World War II war years in the 1940’s when Dr. Tom Brightwell collected a large Camellia cultivar planting at the University of Georgia Experimental Station at Tifton, Georgia, that is still actively maintained as a Camellia arboretum for gardeners to tour publicly and to compare varieties, color of flower blooms, flower size, and flower density studies. Several hundred Camellia shrubs, bushes, and trees are planted and growing at the Tifton, Georgia location. Camellia japonica was the favorite flowering plant of Dr. Tom Brightwell, although he planted Camellia Sasanqua trees and bushes also in the garden. Dr. Brightwell not only planted Camellia seed, but he selected the outstanding cultivars and grafted or budded those Camellia varieties named by him onto Camellia seedling rootstock.

Several other well known Camellia gardens are located in the United States; The Burden Center at Baton Rouge, Louisiana; Bellingrath Gardens at Theodore, Alabama; The City Park at New Orleans, Louisiana; Clemson, South Carolina Botanical Gardens; Atlanta, Georgia, Botanical Garden; Harry P. Leu Gardens, Orlando, Florida; The United States National Arboretum, Washington D.C.; Thomas H. Perkins III Camellia Garden, Brookhaven, Mississippi; Huntington Camellia Garden, California; Massee Lane Camellia Garden, Fort Valley, Georgia; and the Vale Camellia Garden, Waltham, Massachusetts.

The Massee Lane Camellia garden was donated as the headquarters for the American Camellia Society organized in 1945. The Camellia japonica shrubs, bushes, and trees are planted under the shade of pine trees and flowering Southern Magnolia trees as shading that is required for the best Camellia plant growth. The 9 acre Camellia tree garden is bordered by brick walkways, where over 1000 Camellia shrubs and trees can be viewed and enjoyed by the public during the fall, winter, and spring.

Dr. Tom Brightwell of the Tifton, Georgia Camellia garden exchanged Camellia plants with the land donor of Massee Camellia gardens, Mr. David C. Strother. Dr. Brightwell also researched the Camellia and exchanged Camellia cultivars with William Hertrich of Huntington Camellia Gardens in Los Angeles, California and with numerous Camellia researchers at Massee Lane Gardens, 100 Massee Lane, Fort Valley, Georgia, the headquarters of the American Camellia Society.

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The Huntington Botanical Garden in Los Angeles, California boasts a Camellia garden of 1200 different cultivars of Camellia japonica and Camellia sasanqua that covers twelve acres for public viewing of the Camellia blooms during the flowering season. The superintendent, Mr. William Hertich, of the Camellia garden planted thousands of Camellia seed to be used as a rootstock on grafting superior Camellia cultivars. These seedling rootstock resulted in the growth and selection of hundreds of new hybrid Camellia selections, many of which still grow at the garden today. William Hertich devoted many years of his life growing and photographing the Camellia trees and flowers. Mr. Hertich published his work on the Camellia plant in 3 volumes at the Huntington Camellia Gardens.

Other very large Camellia gardens outside the United States are the Peter Fisher Camellia Garden in Hamburg, Germany and the Royal Botanical Camellia Garden in Melbourne, Australia. The Higo Camellia bonsai Camellia plants from Japan can be seen at the Huntington Camellia Gardens along with aromatic, fragrant Camellia cultivars and a large collection of Camellia Sasanqua introductions from Nuccio’s Nursery of Altadena, California. A new important book by Ann Richardson, A curator’s Introduction to the Camellia Collection, can be purchased from the Huntington Library Press for $14.95 and is filled with valuable information for any lover of the Camellia flower, tree, or plants.

Growing Camellia plants into trees takes many years unless you buy a large flowering size Camellia tree that can be very expensive.. Very few perennial evergreen shrubs display the beautiful form in the landscape and the massing flowering habit of the Camellia. The Camellia japonica has the flower colors of pink, red, white, purple, and peppermint. The Camellia japonica can begin blooming as early as December and continues into March and April on some varieties, depending on weather warm-ups during the winter. Camellia shrubs and trees resent being transplanted in the landscape from one spot to another, and often die unless transplanting takes place during the winter. Even then, the Camellia does not transplant well, and can sit inert in a location showing little growth, if any, and many times will decline in size or die unless a large root-ball is dug. Camellia plants should be purchased from a nursery growing in a container, so that a full root system can be planted and grown. Never buy a Camellia plant bare root!

Camellia shrubs and trees prefer light or heavy shade for growing, and pine trees or flowering magnolia trees are the perfect companion plants for the Camellia shrub. Full sun will burn the leaves of a Camellia shrub except for interior leaves and no one wants a plant looking like that in a landscape garden. The discovery of the plant hormone, gibberellic acid, with its accelerative growth effect on individual flowers of the Camellia became an important method of winning prizes at Camellia flower shows. A normal Camellia flower, teacup size, could be treated with a drop of gibberellic acid at an inferior (lower) bud, and the teacup size flower would continue to grow to the size of a dinner plate. This treatment process has become important in treating other plant products to increase growth size of flowers, fruits, leaves, and in rooting hormone mixtures and seed germination.

A unique characteristic of both the Camellia japonica and Camellia sasanqua is the beautiful and spectacular bloom-drop circle that forms beneath the tree, surrounding the plant after older flowers fall and shatter on the ground. The glow of the fallen petals in the circle increases as the season progresses and many gardener’s view the bloom-drop circle as fanciful and beautiful as the fresh flowers remaining on the tree. The Camellia Sasanqua is often and commonly called simply, Sasanqua. The Sasanqua flower colors of red, white, pink, purple, and peppermint are the same colors, but smaller than the Camellia japonica blooms. The Camellia Sasanqua can grow 16 feet tall and blooms earlier (October to March) than Camellia japonica. The leaves are a glowing waxy green and evergreen with a slight curving habit. Single red, white, or pink flowers of Sasanqua are preferred by most buyers, but double flowering Sasanqua is stunning when in full bloom. The Sasanqua provides a perfect specimen landscape plant that will tolerate full sun, and is most often used in Zone 6-9 as a privacy hedge for screening out noisy neighbors.

About the Author: Visit TyTy Nursery to purchase the trees mentioned in this article, or many others that you may be looking for!

Source: isnare.com

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