The Bank of Canada announced today its decision to keep its target for the interest rate at 5%. If you're wondering what this means for you and the Canadian economy, let's break it down in simple terms.

This rate serves as a benchmark for all other interest rates in the country.

Why did the Bank of Canada make this decision? The central bank decided to keep interest rates steady for several reasons:

  1. Global Economic Conditions: The global economy has been slowing down, which affects Canada's economic prospects. The Bank of Canada expects global GDP growth to be around 2.9% this year, 2.3% in 2024, and 2.6% in 2025. These numbers haven't changed much from previous projections, but there are some shifts in economic performance among…

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7 Days of Gratitude: A Week of Appreciation and Reflection

In our fast-paced lives, it's easy to get caught up in the daily grind and forget to express gratitude for the people and things that make our lives better. That's why, this week, we embarked on a journey of gratitude, dedicating each day to a specific aspect of our lives that we are thankful for. We explored seven days of gratitude and took a moment to appreciate the people and communities that enrich our lives!

 

Day One: Our Clients

Our journey begins by expressing gratitude for the lifeblood of our business - our clients. Without them, our work would be purposeless. They trust us with their needs and challenges, allowing us to grow and thrive. We reflect on the relationships…

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

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