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Bank of Canada Raises Benchmark Rate to 1%

Bank of Canada Raises Benchmark Rate to 1%

The Bank of Canada forged ahead with another interest rate hike in a nod to the country’s surging economy, while signaling its appetite for further tightening may be curbed by a rising Canadian dollar and sluggish inflation. Policy makers raised their benchmark rate for a second time since July, by 25 basis points to 1 […]

Market Continued to Adjust in July

Market Continued to Adjust in July

Market Continued to Adjust in July Toronto Real Estate Board President Tim Syrianos announced that Greater Toronto Area REALTORS® reported 5,921 residential transactions through TREB’s MLS® System in July 2017. This result was down by 40.4 per cent on a yearover- year basis, led by the detached market segment – both in the City of […]

Time to Sell your condo and Buy a House

Time to Sell your condo and Buy a House

Toronto condo owners may have the chance of a lifetime, according to one industry veteran. The time to move up may be now. At least according to one mortgage broker, who argues the current Toronto market favours condo owners over detached home owners. “I absolutely think there are opportunities; it’s a buyer’s market right now […]