Declining condo sales in Toronto: What’s Behind the 23.5% Drop and What Comes Next?
Introduction: Declining condo sales in Toronto The Toronto real estate market is known for its rapid pace and sky-high prices—but not all segments are following that trend. While freehold homes continue to attract bidding wars, Toronto condos are experiencing an unprecedented slump. In March alone, condo sales in the Greater Toronto Area (GTA) dropped by […]
Calgary Real Estate Market Update : Sales Drop but Prices Rise – What It Means for You
The Calgary real estate market just experienced a 19% drop in sales compared to last year, but prices are still up. I’m breaking down what these contradictory signals mean for you and your family’s future. Market Overview: Sales Down, Prices Up Last month, Calgary saw 2,159 sales, a 19% drop from March 2023’s 2,658 sales. […]
Poilievre Unveils Bold Tax Plan to Fuel Canadian Investment
Conservative Leader Promises Capital Gains Tax Deferral for Domestic Reinvestment New Proposal Would Allow Investors to Delay Tax Payments When Profits Stay in Canada Economic Strategy Aimed at Boosting Business Expansion and Housing Development Conservative Leader Pierre Poilievre has announced an innovative tax proposal that would allow Canadians to defer capital gains taxes when profits […]
Mississauga’s $44 Million Boost: 1400 new rental units!
1400 new rental units: A Comprehensive Housing Solution The City of Mississauga has unveiled a groundbreaking initiative to tackle its housing challenges, committing $44 million to create over 1,400 new rental units across eight strategic developments. This ambitious project represents a significant leap forward in addressing the city’s affordable housing crisis. The Mayor’s Vision: Addressing […]
Canadian Government Eliminates GST for First Time Home buyers
No GST for First Time Home buyers Prime Minister Mark Carney announced today that the Government of Canada will eliminate the Goods and Services Tax (GST) for first-time homebuyers purchasing homes at or under $1 million. This significant tax cut will save eligible Canadians up to $50,000 on their home purchase, providing immediate relief in […]
Mortgage Rates This Week: Three Big Banks Slash Rates, One Hits 3.99% on 5-Year Fixed!
Mortgage rates this week: Introduction In a significant move impacting the Canadian housing market, three of the country’s major banks have reduced their mortgage rates this week. Notably, one of these institutions has introduced a 5-year fixed rate at an attractive 3.99%. This development presents potential opportunities for homebuyers and those considering refinancing. In this […]
Bank of Canada Interest Rate Announcement
April 16, 2025 – Bank of Canada Keeps Key Interest Rate Unchanged at 2.75% Amid Ongoing U.S. Trade Uncertainty History of Interest Rates: March 12, 2025 – Bank of Canada Interest Rate Cut: 25 Basis Points Reduction to 2.75 percent Balancing weaker economic growth with persistent inflation, the Bank of Canada has trimmed the interest […]
Investors Withdrew $6.2 Billion from Canada: What It Means
Understanding the $6.2 Billion Outflow Foreign investors Withdrew $6.2 Billion from Canada in the first quarter of 2024. This significant outflow highlights potential concerns about the country’s investment climate and economic prospects. Impact on the Canadian Economy Foreign direct investment (FDI) is crucial for economic growth, job creation, and innovation. A reduction in FDI can […]
Inflation in Canada Cools to 2.7%, Boosting Rate Cut Prospects
