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Bank of Canada cuts benchmark interest rate by 25bps to 4.75%

Bank of Canada cuts benchmark interest rate by 25bps to 4.75%

The Bank of Canada cut its benchmark interest rate by 25 basis points on Wednesday, the first reduction in more than four years, bringing its policy rate to 4.75 per cent. The decision was widely expected by economists. The central bank cited progress on lowering inflation, weaker than expected economic growth in the first quarter, […]

Bank of Canada Holds Rates

Bank of Canada Holds Rates

The Bank of Canada (BoC) has decided to hold its interest rate at 5% for the seventh consecutive time, as announced earlier today. This decision comes at a time when many Canadians are experiencing financial difficulties due to high mortgage payments and are hoping for some relief. However, the BoC has indicated that it might […]

CEBA Loans due on January 18, 2024

CEBA Loans due on January 18, 2024

IMPORTANT UPDATE FOR ALL LOAN HOLDERS ON REPAYMENT If you are unable to repay your CEBA loan when due (regardless of whether or not you are eligible* for the loan you received), your financial institution will contact you to request a lump sum repayment of the outstanding debt. If, at that point, you do not […]

The 9 people that own all of Toronto’s real estate extremely upset about property tax hike

The 9 people that own all of Toronto’s real estate extremely upset about property tax hike

Photo Credit TORONTO – Reacting to news of Toronto Mayor Olivia Chow’s plan to hike property taxes by more than 10%, the 9 or so people that collectively own all Toronto real estate expressed outrage, saying that Chow is making the city unaffordable. “This city is expensive enough,” said the landlord who owns everything south of Front Street. “For the mayor to then turn […]

GTA REALTORS® Release October 2023 Stats

GTA REALTORS® Release October 2023 Stats

GTA REALTORS® Release October 2023 Stats Lack of affordability and uncertainty remained issues for many would-be home buyers in the Greater Toronto Area (GTA) in October 2023. As a result, sales edged lower compared to last year. However, selling prices remained higher than last year’s levels. “Record population growth and a relatively resilient GTA economy have […]