CANADA DAY 2024 

What’s Canada Day? How did it start? Why do we celebrate? What should you do? The Rocca Sisters have you covered!

History of Canada Day 

On July 1st, 1867, the British North America Act created Canada, and by the following year a proclamation was signed to request that all Her Majesty’s subjects across Canada celebrate July 1st as the birthday of Canada. Eleven years later in 1879 July became a statutory holiday called Dominion Day. It wasn’t until 1982 that Dominion Day became Canada Day.

Why we are proud to be Canadian.

The name “Canada” comes from the Huron-Iroquois language and means settlement or village. For us, this holds a great deal of meaning. Our family, like most, are 1st generation Canadians. Our Father was…

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Canadians Rush to Address Financial Affairs Ahead of New Capital Gains Tax Rules

As Canada braces for significant changes to its capital gains tax, individuals and businesses are scrambling to make financial adjustments before the new rules take effect on June 25, 2024. These upcoming changes, announced in the 2024 budget and solidified by a recent parliamentary vote, have spurred a flurry of last-minute financial planning.

What’s Changing?

The new regulations increase the inclusion rate for taxable capital gains from 50% to 67% for those realizing more than $250,000 in annual capital gains. This means that a greater portion of profits from the sale of assets like stocks or investment properties will be subject to tax if they exceed this…

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Happy Father's Day!

As we approach this Father’s Day weekend, it's the perfect time to pause and appreciate the remarkable impact fathers have on our lives. Our father, Pat Rocca, instilled in us the values of family, friendship, loyalty, and the importance of maintaining perspective; he taught us to think long-term and to keep the lines of communication open. A man of deep faith and respect for his heritage and community, Pat believed in the power of progress, always encouraging us to consider what steps are needed to move forward and to act decisively.

Pat's journey began when he immigrated to Canada from Italy in 1957, setting his sights on creating a prosperous future for his family. He entered the real estate sector and started to build…

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We compile Monthly Market Stats for Burlington, Oakville Hamilton, Greater Hamilton and Burlington Condos. See the latest May 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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The Sound of Music Festival in Burlington: A Preview of Summer's Melodic Celebration

As summer approaches, the scenic waterfront of Burlington will transform into a vibrant stage for the eagerly awaited Sound of Music Festival. This June 13-16, join us at this beloved event that draws thousands from near and far, all ready to immerse themselves in a diverse musical experience against the backdrop of Lake Ontario.

Like last year, we will be leading the infamous parade on Saturday morning June 15. We’ll have lots of giveaways and treats for everyone at our 530 Brant Street office on the parade route.

You can also find us at the Park all weekend long near the entrance at the base of Brant Street. We’ll have lots of fun, contests and FREE…

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Bank of Canada Lowers Policy Rate: What It Means for You

The Bank of Canada has just announced a reduction in its target for the overnight rate by 25 basis points, bringing it down to 4.75%. Alongside this, the Bank Rate is now 5%, and the deposit rate is also 4.75%. This move is part of the Bank’s ongoing efforts to normalize its balance sheet.

GLOBAL ECONOMIC SNAPSHOT

Globally, the economy saw a 3% growth in the first quarter of 2024, aligning well with the Bank's April Monetary Policy Report. However, the U.S. economy underperformed due to weaker exports and inventory issues, although private domestic demand stayed robust. Over in Europe and China, the economic activity picked up, with China seeing a boost from exports and industrial…

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