Category: Uncategorized
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What the Latest U.S. Federal Reserve Rate Cut Could Mean for Canadians
With the U.S. Federal Reserve cutting interest rates once again, Canadians may feel some ripple effects across various aspects of the economy. As the Fed’s policies impact the U.S. economy, Canada often experiences a spillover effect due to the close economic ties between the two countries. Here’s how this rate cut might influence Canadians in…
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Google Searches for ‘How to Move to Canada’ Spike After Trump’s Election Victory
Following Donald Trump’s re-election, Americans are once again searching for ways to relocate north, with Google reporting a significant surge in searches for “move to Canada.” According to Google Trends, the interest in moving to Canada started rising on election night and reached its peak around 6 a.m. on Wednesday as Americans woke up to…
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Canada Prepares for Surge in U.S. Immigrants as Trump Promises Mass Deportations
With Donald Trump set to return to the White House in January, Canadian officials are preparing for potential impacts on Canada’s border and economy. Trump’s promise to deport millions of undocumented immigrants from the U.S. could lead to a surge in people seeking asylum in Canada. The Canadian government has responded by assuring citizens that…
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New HST Rule Could Mean Huge Taxes for Canadian Airbnb Hosts When Selling Their Homes
If you’re renting out your home on Airbnb or similar platforms, you might face a major tax bill when you decide to sell. A recent ruling from the Tax Court of Canada says that homeowners who frequently rent their properties for short-term stays will be hit with a 13% HST when they sell. This could…
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Top 5 Ontario Cities for Real Estate Investment in 2024
The Ontario housing market continues to offer a wide array of opportunities for real estate investors in 2024. Whether you’re looking for rental income, property appreciation, or a balance of both, these five cities are some of the top picks for investors this year based on growth trends, affordability, and economic prospects. 1. Ottawa As…
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Don’t Rule Out a 75-Point Rate Cut: Bank of Canada Set for Big Decision
The Bank of Canada is set to make a major announcement on its overnight interest rate tomorrow, and most economists are predicting a significant cut. While a 50-basis-point reduction is the most likely outcome, some experts suggest that an even bigger cut—75 basis points—could be on the table. Could We See a 75-Basis-Point Cut? Avery…
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Canadian Inflation Drops to 1.6% in September – A Big Rate Cut Might Be Coming
In September, Canada’s inflation rate dropped to 1.6%, the lowest it’s been since February 2021. This decrease is mainly due to falling gas prices and is raising hopes that the Bank of Canada will cut interest rates to help boost the economy. Many economists are now predicting that at the Bank of Canada’s next meeting…
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Average Rent for a 2-Bedroom Apartment in Toronto Could Soar to $5,600 by 2032
Toronto’s rental market is set for a significant price surge, with predictions pointing to a staggering 72% increase in rent by 2032. A recent study from Concordia University forecasts that average two-bedroom rents in Toronto could reach $5,600 per month by 2032, a sharp rise from the current rates. In the nearer future, rents are…
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How much it costs to rent in Canadian cities right now
Rentals.ca just launched their October 2024 Rent Report and here’s everything you need to know. In September 2024, average asking rents across Canada for all residential property types saw a modest 2.1% increase year-over-year, reaching $2,193. This marks the smallest annual rent increase since October 2021, highlighting a slowdown in the rapid rent growth we’ve…
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Can Ontario Landlords Ban Pets? Know Your Rights as a Renter
Renting a home in Ontario is tough enough, but it gets even more challenging when landlords add ‘no pets’ clauses to rental agreements. Many renters believe these clauses are legally binding, but here’s the truth: in most cases, these rules are unenforceable. Ontario’s Residential Tenancies Act (RTA) Protects Renters with Pets Under Ontario’s Residential Tenancies…
Canada Housing Market 