BOC Slashes Rates for Third Consecutive Time ✂️

Here is your weekly update on what is going on in the real estate market. From localized announcements to international trends, stay in the know about what is going on all things real estate. 

Bank of Canada decision reaction: Are even bigger rate cuts on the way?

There were no surprises in the Bank of Canada’s decision to lower its benchmark interest rate yet again in yesterday’s announcement – but the door could be open for the central bank to be even more aggressive in cutting rates in the coming months.

Ontario property assessments have been paused for years, and who knows when they'll resume

The Municipal Property Assessment Corporation (MPAC) used to assess every single property in Ontario every four years, but the provincial government put that process on hold when COVID hit — and it's not clear when it will begin again.

StatCan: Rising mortgage debt could delay retirement for Canadians

Rising mortgage balances and higher interest rates are making it harder for some to retire as planned, according to new data from Statistics Canada (StatCan). The national statistics agency’s report showed that in 2023, more than one in eight Canadians – or about 13.1% of the population – were aged 55 to 64, putting them on the cusp of retirement. However, financial pressures may force many to delay this milestone.

Acoustic Lunch

Come to Pop-Ups on the Bay every Friday from 12:00pm-1:30pm to enjoy an acoustic performance and purchase food from one of their food vendors!

Taste! Community Grown

Taste! Community Grown at Parsons Brewery is a wonderful opportunity to celebrate local farmers, growers, makers, producers, purveyors, chefs and more!