Canada’s Inflation Eases to 3.8%: Impact on Housing Market and the BOC’s Next Move
Title: Canada’s Inflation Eases to 3.8%: Impact on Housing Market and the BOC’s Next Move Subtitle: How Inflation, Economic Factors, and Upcoming BOC Decision Influence Canada’s Housing Market Canada’s annual inflation rate recently saw a notable dip, sliding from 4.0% to 3.8% in September. These numbers are significant, given the Bank of Canada’s (BOC) upcoming […]
TRREB(R) Market report April-2020
May 9, 2020 TRREBR Market report April-2020 According to Toronto Regional Real Estate Board (TRREBR)’s report for April-2020, Sales in the month were down by a whopping sixty-seven percent while new listing fell by a similar rate compared to the same month a year ago, 2019. It is interesting to know that the average home sale […]
Which direction Toronto Housing prices would go post-COVID-19?
May 17, 2020 Which direction Toronto Housing prices would go post-COVID-19? In my previous blog, I had mentioned that according to the Toronto Regional Real Estate Board (TRREB)’s report home sales were down by 67% but the new listings were also down with almost the same ratio. I shared many more interesting facts and I tried […]
New ‘substantially’ higher newcomer numbers means good news for housing market
Canada’s federal Immigration Miniser John McCallum is expected to announce ‘substantial’ increase in newcomers to Canada. Its expected to raise the number new imigrants coming to Canada from 300,000 to 450,000 for the next five years. Canada is a country of immigrants; aging population and shortage of labour force are key factors to increase the […]
Budget 2019 Incentives for First Time Home Buyers
The long-awaited budget has arrived with an eye on First Time Homebuyers (FTHBs). I have seen a flood of emails and ads referring to the First Time Home Buyers’ incentive in the new federal budget of 2019. So as usual, I want to bring the real facts to you so you can make a sound decision based […]
How to apply for the Canadian federal government relief package for COVID-19
These are exceptional days and I pray for the safety of all. The federal government has announced a relief package during the COVID0-19 pandemic. Many do not know about these incentives and even more, are looking at how to apply for it. Here is information for you if you need it and you can share […]
BOC holds off its rate increase sighting Canada’s Inflation falling to 3.8%
BOC holds off its rate increase sighting Canada’s Inflation falling to 3.8% The Bank of Canada maintains its key interest rate at 5% for October. Here’s an analysis of the key points: Interest Rate Hold: The Bank of Canada decided to keep its key interest rate at 5%, indicating its intention to allow previous rate hikes […]
Impact of Anticipated Interest Rate Cuts
Title: Navigating Economic Shifts: Impact of Anticipated Interest Rate Cuts Recent economic projections in Canada indicate a significant shift in expectations regarding the Bank of Canada’s (BoC) stance on interest rates. The envisaged earlier-than-expected rate cuts have sparked a re-evaluation of financial forecasts, especially within the mortgage market. Shifts in Economic Forecasts: From Delayed Cuts […]
Canada’s Fiscal Update 2023
Analyzing the Impact of Ottawa’s Housing-Focused Fiscal Update The recent fall fiscal update by the government has introduced several measures aimed at addressing housing affordability concerns in Canada. These initiatives primarily target the challenges faced by homeowners dealing with higher mortgage payments, along with efforts to enhance the supply of housing. The key points and […]
Unveiling the Canadian Dental Care Plan: A Comprehensive Overview
The Canadian government has announced the detailed rollout of the long-awaited Canadian Dental Care Plan (CDCP), aimed at providing essential dental care benefits to low and middle-income residents without private insurance. Let’s delve into the key highlights of this significant initiative: Background Information: Objectives of the CDCP: Key Eligibility Criteria: Rollout Timeline: Covered Dental Services: […]