The Bank of Canada has maintained its overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The bank is sticking to its policy of quantitative tightening.

Globally, economic growth is slowing, and inflation is easing. In the U.S., growth has been stronger than expected due to robust consumer spending, but it is expected to weaken in the coming months. The euro area has experienced weakened growth, coupled with lower energy prices, reducing inflationary pressures. 

In Canada, economic growth stalled in the middle of 2023, with real GDP contracting at a rate of 1.1% in the third quarter. Higher interest rates are restraining spending, and the labour market is easing. Although wages are still rising, the overall data suggests…

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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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As summer winds down, it's a perfect time for a home checkup. GET READY FOR FALL by taking care of these essential tasks:

  1. Check Windows: Look for cracks and leaks. tend to weep holes by cleaning with a paper clip.

  2. Update Entryway: Add slip-proof mats to wipe of shoes and a shoe rack or tray to keep wet shoes on. Add a protective rug that can take a bit of seasonal abuse

  3. Maintain Door Locks: Use powdered-graphite lubricant to prevent sticking doors when the weather gets cold. You can do this on your home locks as well as your car door locks.

  4. Deep-Clean Carpets:  Use or rent a carpet extraction cleaner to thoroughly remove dirt and debris and to rid the flooring of moisture before the wet season begins.

  5. …

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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! 

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FREE WORKSHOP

You are invited to join us next Tuesday September 12 6-8PM for a workshop with tips and tricks on how to successfully purchase your very first home!

 

Are you thinking of helping your kids so they can get into the market now?

Are you new to the country? Welcome!

Are you buying your first home?

 

We are here to help you find your first dream home! Join the Rocca Sisters Real Estate Team and Frank Cardamone - Mortgage Specialist at RBC bank at our FREE FIRST TIME HOME BUYERS WORKSHOP filled with step by step guidance and assistance to get you through the process! 

 

We know that the Real Estate Market is ever changing and seems at times impossible to get into. We know that there is so much to consider like:

…

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Good news for Home buyers and sellers. Today, the Bank of Canada decided to keep its key interest rate steady at 5 percent with the next announcement set for October 25. This decision comes in response to Canada's first significant bout of high inflation in decades. 

Many mortgage owners have felt the effects of higher borrowing costs as the Bank of Canada moved to increase interest rates 10 times since March 2022, bringing the policy rate to five per cent.

Inflation in Canada is typically measured using the Consumer Price Index (CPI), and the central bank aims to keep it around 2 percent. However, CPI inflation surged to a four-decade high of 8.1 percent in June 2022 but has since decreased to 2.8 percent in June 2023. The reasons behind…

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The Fashion Tent & The Rocca Sisters at Supercrawl

 

Are you ready for a weekend filled with music, art, fashion, and so much more? Then mark your calendars for September 8-10 and make your way to James St North in Hamilton, where the vibrant streets will come alive. This multi-arts extravaganza is Hamilton's premier event, bringing together a diverse range of creative disciplines to create a truly immersive experience for attendees.

One of the standout attractions at Supercrawl is the Fashion Pavilion, which we are proud to announce that the Rocca Sisters will be sponsoring this year! 

Some of the local designers announced to take part in the festival this year are: Amici Brand, Ark Collective, Blackbird Studios, Calypso Cosmic, Dope…

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The Fall Market starts now! Fall is around the corner. We know this because we got Pumpkin spice lattes at Starbucks just yesterday!  

If you are thinking of selling your home this fall, we have some tips and tricks to get you into or through the Fall Market!

Top 3 things to do to prepare for the fall market

  1. Short Market: Most people don’t realize this, but the Fall market is substantially shorter than the spring market. There is less time to get you listed and sold in Fall than in Spring. Most buyers are looking to close and be securely moved in before the holidays.

  2. Lead time: If you want to have your home ready for listing for the fall market, you’ll need to prepare your home for sale now and get in contact with your…

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