Category: Uncategorized
-
New report finds that the average Canadian family spends more money on taxes than basic necessities.
The latest edition of the Canadian Consumer Tax Index highlights a concerning trend: the tax burden on Canadian families has surged dramatically, with a staggering 2,705% increase in total taxes from 1961 to 2023. This rise is stark when compared to other essential expenditures such as shelter, food, and clothing, which have increased by 2,006%,…
-
Ontario Listings of the Week- Friday, July 26, 2024
Welcome to our weekly roundup of Ontario’s top listings! Every week, we feature the best properties across the province, from cozy condos in the city to multi-million dollar mansions with the backyard of your dreams. See below to discover your future home or browse to stay on top of the current market. Here are the…
-
Bank of Canada’s Rate Cut: Limited Impact on Real Estate Market
On July 24, 2024, the Bank of Canada lowered its key interest rate by a quarter percentage point to 4.5%. While this move is intended to combat inflation and stimulate economic growth, experts suggest that its immediate impact on the real estate market will be limited. Modest Rate Cut and Market Expectations John Lusink, President…
-
Bank of Canada Lowers Key Interest Rate to 4.5%
The Bank of Canada announced a cut to its key interest rate this morning, reducing it by a quarter percentage point to 4.5%. This marks the second consecutive rate cut as the central bank responds to easing inflationary pressures and a weakening economic outlook. Bank of Canada Governor Tiff Macklem made the announcement during a…
-
Bank of Canada Expected to Cut Rates This Week, Experts Say
The Bank of Canada will announce its latest interest rate decision this Wednesday, with many experts predicting a second consecutive reduction in borrowing costs. Economic Signals and Market Predictions Anticipation is high as the central bank prepares to make its decision, especially with new surveys indicating that many Canadians burdened by debt are hoping for…
-
Here’s what you can get for $500k in Ontario vs Texas
When it comes to real estate, $500,000 can buy you very different homes depending on where you’re looking. In this guide, we’re comparing what you can get for that budget in Canada and Texas. From a town house in Oshawa to a 3000sqft home with a pool in Houston, we’ll show you how much your…
-
Ontario Listings of the Week- Friday, July 19, 2024
Welcome to our weekly roundup of Ontario’s top listings! Every week, we feature the best properties across the province, from stylish Toronto condos to mind blowing mansions with their own aiplane runway and tennis court. Whether you’re searching for your dream home or just love keeping up with real estate trends, our Top Listings of…
-
Ontario Dominates New Ranking of Best Places to Live in Canada
Ontario continues to be a desirable place to live, as evidenced by a recent ranking where the province had seven locations featured among the top places to live in Canada. Despite some common complaints from residents, Ontario’s charm and livability have been recognized on a national level. Real estate listing site Zolo evaluated various factors…
-
How Much Income You Need to Own a Home in Canada: June 2024 Update
A slight dip in interest rates in June improved home buying conditions for some Canadians, with affordability increasing in nearly half of the nation’s major markets. The latest Ratehub.ca affordability report, based on real estate data from May and June 2024, found that the required income to purchase a house lowered in six of the…
-
Ontario Listings of the Week
Welcome to our weekly roundup of Ontario’s top listings! Every week, we feature the best properties across the province, from stylish urban condos in Toronto to cozy countryside retreats. Whether you’re searching for your dream home or just love keeping up with real estate trends, our Top Listings of the Week is your go-to source.…
Canada Housing Market 