While shaking a Magic 8 ball to reveal what 2013 has in store for us would be silly, doing a little bit of research into broad trend forecasts is perfectly sound business practice. Especially when there’s consensus among a wide swath of experts, writers, bloggers and grandmas about what’s to come. We don’t advocate switching up your investments or selling your house based on predictions. We just encourage reading and reflecting. Herewith, a round up of market predictions for 2013:
• The Real Estate Bubble. Everyone is always talking about the real estate bubble and its imminent pop. Perhaps said pop may never audibly materialize, but most analysts predict a continued softening of the market for an array of reasons, including fiscal cliff fears in the U.S., continued malaise in Europe, and China’s housing bubble.
• Mortages. With little good news in the finance and job markets, most are saying fixed rates will remain low, and variable rates might go even lower.
• The Economy. More gloomy news. Analysts predict the economy weaken. But before you start crying into your pillow, take mild comfort in the fact that these same analysts predict things will finally pick up in 2014. And despite all this, Canadians are optimistic about 2013.
• Jobs. We’re trying to end these new year predictions with the glass of Champagne half full. Some economists are bullish on job growth in 2013. Let’s hope they’re right.
• Bieber. Bieber will still be big in 2013. If the Bank of Canada starts selling Bieber bonds, by all means, buy!
Happy New Year!