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Finding a New Home for Your Next Stage of Life

Monday May 10th, 2021

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Finding a New Home for Your Next Stage of Life

Finding a New Home for Your Next Stage of Life Imagine the first place you lived as a young adult. Now imagine trying to fit your life today into that space. Not pretty, right? For most of us, our housing needs are cyclical. A newly independent adult can find freedom and flexibility in even a tiny apartment. That same space, to a growing family, would feel stifling. For empty nesters, a large home with several unused bedrooms can become impractical to heat and clean. It’s no... [read more]

BANK OF CANADA HOLDS ITS TARGET OVERNIGHT RATE

Wednesday Mar 10th, 2021

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Bank of Canada Holds Overnight Rate

BANK OF CANADA HOLDS ITS TARGET OVERNIGHT RATE The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. The Bank is maintaining its extraordinary forward guidance, reinforced and supplemented by its quantitative easing (QE) program, which continues at its current pace of at least $4 billion per week. The global economy is recovering from the... [read more]

Lowest mortgage Rates in History: What It Means for Homeowners and Buyers

Monday Aug 3rd, 2020

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Lowest mortgage Rates in History: What It Means for Homeowners and Buyers   The interest rate on Canada’s most popular mortgage, the five-year fixed rate, has fallen to its lowest level in history. In early June, HSBC made headlines when it began offering Canadians a five-year fixed-rate mortgage below 2%. Multiple brokers followed suit, and some are now advertising even lower rates.1 And while many Canadians have rushed to take advantage of this unprecedented opportunity,... [read more]

Super Hot Greater Toronto Area (GTA) Real Estate Market Sales Jump by 29.5% and Home Prices Increase by 16.9% in July 2020

Thursday Aug 6th, 2020

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July 2020 GTA Home Sales up 29.5%

Super Hot Greater Toronto Area (GTA) Real Estate Market Sales Jump by 29.5% and Home Prices Increase by 16.9% in July 2020      TORONTO, ONTARIO, AUGUST 6, 2020 - Toronto Regional Real Estate Board President Lisa Patel announces that Greater Toronto Area REALTORS® reported 11,081 sales through TRREB’s MLS® System in July 2020 – a 29.5 per cent increase over July 2019 and a new record for the month of July. On a preliminary seasonally adjusted basis,... [read more]

The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent

Wednesday Sep 9th, 2020

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Bank of Canada

  The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent The Bank Rate is correspondingly ½ percent and the deposit rate is ¼ percent. The Bank is also continuing its quantitative easing (QE) program, with large-scale asset purchases of at least $5 billion per week of Government of Canada bonds. Both the global and Canadian economies are evolving broadly in line with the scenario in... [read more]

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