Good morning, Please find a summary of the Bank of Canada’s today’s interest rate decision and its current economic outlook. Rate Cut: The Bank of Canada decided to hold steady, keeping its target for the overnight rate at 2.25% rather than issuing a cut. This pause leaves the Bank Rate at 2.5% and the deposit rate at 2.20%. Economic Outlook: Canada’s GDP unexpectedly edged down by...

The Bank of Canada has maintained its overnight rate at 2.25% this morning, marking the fourth consecutive rate hold since October 2025. For those waiting for a rate cut before making a move, this may be a good time to reassess that strategy, as further cuts do not appear likely in the near term. The Bank is currently balancing two competing economic forces. On one hand, the Canadian economy...

Carney expects Canada to avoid recession Carney said the best way to respond to the "enormous shock" in the global economy created by the conflict is by tackling affordability issues at home, building more homes and accelerating the approval of large nation-building projects. "Its absolutely clear and has been reinforced again by events in the Middle East: we have to make our economy stronger and...

As of March 2026, the Ontario government announced it will waive the 8% provincial portion of the Harmonized Sales Tax (HST) on all newly built homes (up to $1 million) to stimulate the housing market. This temporary tax relief is being expanded from a previous, more limited program intended for first-time buyers. Key Details on the Ontario New Home HST Waiver (2026): Scope: The exemption...

I wanted to share an important reminder regarding your property taxes for 2026. If you believe your home’s assessed value is too high or inaccurate, you have the right to challenge it through the Municipal Property Assessment Corporation (MPAC). Key Deadline: March 31, 2026 By this date, homeowners must file a Request for Reconsideration (RfR) with MPAC. This is a free process and is the...