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WHY BARGAIN HUNTING IS A BAD IDEA

Tuesday Nov 24th, 2020

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It seems like every month there is a new website offering deals on everything you can think of. In fact, the “coupon industry” is booming. This trend has conditioned people, more than ever before, to look for bargains and become determined to pay well below the market price for merchandise. There’s nothing wrong with that. We all want a deal! But when it comes to shopping for a home, bargain hunting can be a bad idea. First of all, the real estate market is competitive.... [read more]

Bank of Canada will maintain current level of policy rate until inflation objective is achieved

Thursday Oct 29th, 2020

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The Bank of Canada today maintained 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. The Bank is recalibrating the QE program to shift purchases towards longer-term bonds, which have more direct influence on the borrowing rates that are most important... [read more]

Toronto Real Estate Board Releases Q3 2020 Condo Rental Market Stats

Friday Oct 23rd, 2020

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Toronto Regional Real Estate Board announced that Greater Toronto Area REALTORS® reported 14,036 condominium apartment rentals through TRREB’s MLS® System during the third quarter 2020. This was an increase of 30.2 per cent over Q3 2019. The number of condominium apartments listed for rent at some point during Q3 2020 was up by 113.9 per cent compared to Q3 2019. Demand for condo rentals was very strong in the third quarter, with a record number of quarterly... [read more]

Toronto Real Estate Board Releases Third Quarter 2020 Condo Market Report

Friday Oct 23rd, 2020

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Toronto Regional Real Estate announced that third quarter 2020 condominium apartment sales reported by Greater Toronto Area REALTORS® totalled 7,072 – up 10.5 per cent from Q3 2019. The number of new listings in Q3 2020 amounted to 17,613 – an 84.6 per cent increase over Q3 2019. Active listings at the end of Q3 were more than double that reported the same time last year. The condominium apartment segment experienced the second best third quarter on record in terms of sales... [read more]

Small Business Relief Fund Announced by Federal Government

Friday Oct 23rd, 2020

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Yesterday, during Small Business Week, the Honourable Mary Ng, Minister of Small Business, Export Promotion and International Trade, announced an investment of $12 million to support the Canada United Small Business Relief Fund. Created and launched by RBC, Canada United is a national movement to support local businesses in communities across the country.  Through the Canada United Small Business Relief Fund, grants up to $5,000 are available to small businesses so they... [read more]

Prime Minister announces infrastructure plan to create jobs and grow the economy

Friday Oct 9th, 2020

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  Canadians across the country are feeling the impacts of COVID-19, and the Government of Canada will continue to be there to offer support for those who need it. As we work toward our economic recovery from the pandemic and begin to build back better, the government will continue to make investments in infrastructure that will create good jobs for Canadians, build stronger communities, and make our economy more sustainable and resilient for... [read more]

Toronto Real Estate Sales up by 42.3% in September 2020

Tuesday Oct 6th, 2020

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  The Toronto Regional Real Estate Board announced that sales reported through TRREB’s MLS® System by Greater Toronto Area REALTORS® amounted to 11,083 – a new record for the month of September. This result was up by 42.3 per cent compared to September 2019. Following a record third quarter, sales through the first nine months of 2020 were up by approximately one per cent compared to the same period in 2019. Improving economic conditions and extremely... [read more]

GETTING A TASTE OF THE MARKET

Thursday Oct 1st, 2020

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While you may not be seriously considering selling your home or looking for a new one, you might still be interested in what’s going on in the marketplace. After all, it’s nice to see “what’s out there” and find out more about some of the homes that are currently listed on the market. There’s nothing wrong with that. In fact, it’s a good idea. Keeping up with what’s going on in the local market, will help you make better decisions about your... [read more]

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