Bank of Canada Cuts Policy Rate to 3.25% to Support Growth

The Bank of Canada has reduced its target for the overnight rate by 50 basis points to 3.25%, with the Bank Rate at 3.5% and the deposit rate at 3.25%. This decision aims to support economic growth amid signs of weaker-than-expected activity in the latter half of 2024, while inflation remains stable around the Bank’s 2% target.

Economic Highlights:

  • Global Trends: The U.S. economy shows resilience with strong consumption and a solid labor market, while growth in the euro area is slowing, and China faces subdued household spending despite robust exports. Global financial conditions have eased, leading to a weaker Canadian dollar against a strong U.S. dollar.
  • Canada’s…

16 Views, 0 Comments

Read Full Post

We compile Monthly Market Stats for Burlington, Oakville Hamilton, Greater Hamilton and Burlington Condos. See the latest November update HERE!

If you have any questions about the market or any stats for your area - you can always contact us for more information. We are always here to help get you information about your neighbourhood and what your specific market looks like! 

13 Views, 0 Comments

Read Full Post

 

THANKS FOR ATTENDING our Parade Viewing Party!

On Sunday December 1, The Rocca Sisters Team hosted a Parade Viewing Party here at our 530 Brant Street office! We were giving away FREE hot chocolate and cookies to anyone who dropped by.

SPECIAL THANKS TO OUR WHOLE TEAM and THE BURLINGTON COMMUNITY for making this parade and party a huge success! Not to mention a super fun family day to celebrate the holidays!
 

Thanks also to everyone who donated to the Compassion Society - their needs are so great at this time of year!

WATCH OUR PARADE VIDEO RECAP HERE

_____________________________________

We also took part in the incredible and beautiful Flamborough Parade of Lights on the evening of Saturday November 30 in downtown…

18 Views, 0 Comments

Read Full Post

Mortgage Renewals & Market Impact: Key Insights for Homeowners

With over $900 billion in mortgages set for renewal over the next three years—$186 billion in 2024, $315 billion in 2025, and a substantial $400 billion in 2026—the Canadian housing market is facing a period of change. These renewals will impact many homeowners, and it’s crucial for clients to understand their options to avoid unnecessary costs.

Delayed Moves Could Mean Higher Costs

Many homeowners are waiting to see where interest rates land before making a move. However, delaying could mean paying more for the same home. If clients wait until renewal, they may face higher property prices, along with multiple-offer situations, which can drive up costs even further. Moving sooner…

64 Views, 0 Comments

Read Full Post

Preparing Your Home for Winter: A Fall Cleanup Guide

As the vibrant colors of fall begin to fade and winter draws near, it's the perfect time to prepare your home for the colder months ahead. A thorough fall cleanup not only ensures your home stays cozy but also helps prevent potential issues during winter. Here’s a friendly guide to getting your home ready:

1. Tidy Up the Yard

  • Rake Leaves: Clear fallen leaves from your lawn to prevent mold growth and keep your grass healthy.

  • Trim Trees and Bushes: Prune overgrown branches that could break under snow or strong winds.

  • Clean Gutters: Remove debris to prevent water damage and ice dams when the temperatures drop.

2. Seal the Exterior

  • Check for Drafts:…

47 Views, 0 Comments

Read Full Post

Bank of Canada Lowers Interest Rates to 3.75%

The Bank of Canada has reduced its policy interest rate by 50 basis points, bringing it down to 3.75%. This move is part of the Bank’s efforts to support economic growth while maintaining stable inflation.

Global Economic Outlook

Globally, the economy is expected to grow by around 3% over the next two years. The U.S. economy is performing better than anticipated, while growth in China remains slow. Europe has seen softer growth but is expected to improve in 2024. Inflation in advanced economies has decreased recently, aligning closer to central bank targets, and global financial conditions have eased as markets expect lower interest rates. Oil prices have also dropped by about $10 since July,…

48 Views, 0 Comments

Read Full Post


Exploring the Fall Real Estate Market in Burlington, Ontario

As the leaves start to change, so does the real estate market in Burlington, Ontario. Fall is often considered a "sweet spot" for both buyers and sellers. Here’s why:

1. A Balanced Market: Fall typically brings a balanced market, where neither buyers nor sellers have the upper hand. The summer rush is over, and serious buyers are now focused on finding their next home before the winter sets in. This balance can lead to more realistic pricing and smoother negotiations.

2. Motivated Sellers: Homeowners who list their properties in the fall are often motivated to sell before the holidays. This urgency can translate to better deals for buyers. Sellers benefit too, as the competition…

51 Views, 0 Comments

Read Full Post

Transform Your Home for Fall: A Guide to Seasonal Charm

As the air turns crisp and the leaves begin to change, it's the perfect time to give your home a seasonal refresh. Whether you're planning to sell or simply want to embrace the cozy vibes of autumn, a few thoughtful touches can make all the difference. Here are some tips on how to dress up your home for fall.

1. Warm Up Your Entryway: Your front door is the first impression of your home. Consider adding a fall wreath with vibrant leaves, pinecones, or even miniature pumpkins. A welcoming doormat in warm, earthy tones can also set the tone for the season.

2. Embrace Autumn Colors Indoors: Incorporate fall colors like burnt orange, deep reds, and golden yellows into your living spaces. You…

58 Views, 0 Comments

Read Full Post

Moon in June Run Donates $30,000 to the Children’s Aid Foundation of Halton

Yesterday the Rocca Sisters had the privilege of joining the Greg Pace and the Moon in June Team, along with Mayor, Marianne Meed Ward at Burlington City Hall for a cheque presentation to the Children's Aid Foundation of Halton. Back in June, the Rocca Sisters were one of the sponsors of this incredible community event.


The Children’s Aid Foundation of Halton (CAFH) received a generous $30,071 donation from the Moon in June road race organizers. The funds, raised during the 35th annual Moon in June race held on June 1st in downtown Burlington, will directly benefit local youth in need, focusing on areas such as housing, education,…

102 Views, 0 Comments

Read Full Post

We compile Monthly Market Stats for Burlington, Oakville Hamilton, Greater Hamilton and Burlington Condos. See the latest August update HERE!

If you have any questions about the market or any stats for your area - you can always contact us for more information. We are always here to help get you information about your neighbourhood and what your specific market looks like! 

69 Views, 0 Comments

Read Full Post