Bank of Canada Cuts Interest Rate to 3%: What It Means for Real Estate

The Bank of Canada has lowered its interest rate by 25 basis points to 3%, citing concerns over potential economic fallout from trade tensions with the U.S. While inflation remains stable at 2% and consumer spending is on the rise, the uncertainty surrounding tariffs could slow economic growth and put upward pressure on prices.

If the U.S. moves forward with a 25% tariff on Canadian goods, and Canada retaliates, GDP could take a hit of up to 3 percentage points. This could lead to weaker economic output and a further depreciation of the Canadian dollar. The central bank acknowledges that monetary policy alone cannot counteract these challenges, but the rate cut aims to…

26 Views, 0 Comments

 

As we start the new year with gratitude and excitement in our hearts for the coming experience, we're reflecting today on our Events from the past year! We love being a part of our community and connecting with our clients as often as possible! As we look ahead to the many events we have planned for 2025, let's take a peek at 2024!

 

  1. Lunar New Year Celebration at the Burlington Performing Arts Centre : We celebrated the Year of the Dragon with a Cultural Exhibition and then watched the spectacular performances.

  2. SPCA fundraiser at Ren’s Pets : with professional photos with your pet, free doggie bandanas and cupcake treats!

  3. Mortgage Pre-Approval Party with TD Bank : We hosted a quick and easy pre-approval event for…

25 Views, 0 Comments

Ring in the Year of the Wood Snake: A Celebration of Chinese New Year 2025.

Are you ready to dive into the vibrant and exciting world of Chinese New Year? Well, buckle up because 2025 is bringing in the Year of the Snake, and it's not just any snake – it's the Wood Snake! We're in for a delightful journey of festivity, tradition, and a whole lot of fun. Now, let's clear up a common misconception. While we often say "Chinese New Year" in English, the more inclusive term is "Lunar New Year." During the official 7-day public holiday in China, it's all about family, friends, and, of course, food! People travel far and wide to be with their loved ones, exchanging good wishes and catching up on the year gone by.

Embracing the Festivities

This year,…

44 Views, 0 Comments