Today, the Bank of Canada maintained its overnight rate target at 5%, with corresponding rates for the Bank Rate at 5.25% and the deposit rate at 5%. They are continuing with their quantitative tightening approach.

Globally, economic growth is slowing down, and inflation is gradually decreasing in most areas. The U.S. economy has been unexpectedly robust, but a slowdown is expected in 2024 due to reduced consumer spending and business investment. 

For 2024 and 2025, the Bank predicts global GDP growths of 2.5% and 2.75%, respectively, following a 3% growth in 2023. Slower growth this year should lead to a gradual decline in inflation rates in advanced economies, aligning with central bank targets by 2025.

In Canada, economic growth has been…

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2024: A Whirlwind of ColoUr and Style in Home Trends

Welcome to the bright and eclectic world of home trends in 2024! It's like stepping into a kaleidoscope of colours, materials, and eras, blending the old with the new in the most charming ways.

Stone Fruit Chic: Peach and Apricot
This year, we're embracing the warm embrace of peach and apricot tones. Pantone's color of the year, Peach Fuzz, is radiant with warmth and modern elegance. Imagine your living space draped in these soft, juicy hues, perfect for creating a cozy yet sophisticated ambiance. It's not just about color; it's about creating stories in your space.

Turquoise Tones: A Tropical Touch
Turquoise is making a splash too! It's not just for beach houses anymore. In the heart of…

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Canadian Economy in 2024: A Turn for the Better?

After enduring a challenging phase marked by a cost of living crisis and economic slowdown, Canada's economic landscape shows signs of hope as we head into 2024. Notably, inflation has significantly decreased, and the feared recession has been averted. Douglas Porter from BMO Capital Markets highlights the remarkable drop in inflation without a full-blown recession, a rare economic feat.

2023 was tough, with high interest rates and inflation rates. However, the Bank of Canada has been working towards stabilizing inflation within a 1-3% range, and projections indicate success in the early months of 2024. Bank of Canada Governor Tiff Macklem cautiously notes that the economy is rebalancing, with the…

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Celebrating National Cut Your Energy Costs Day: Smart Strategies for Efficiency

January 10th marks a significant day in the calendar for anyone keen on saving money and the planet - it's National Cut Your Energy Costs Day. This observance isn't just a date to remember; it's a call to action, encouraging consumers to explore various options to reduce their energy usage, and in turn, their bills. It's about making informed choices and keeping up with essential maintenance to improve efficiency.

 

The Importance of Regular Maintenance

Did you know that a simple tune-up of your heating system can save you an impressive 3 to 10 percent on your energy bill? Yes, it's often the small steps we take that accumulate to significant savings. Regular…

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We compile Monthly Market Stats for Burlington, Oakville Hamilton, Greater Hamilton and Burlington Condos. See the latest December 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 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 2024, let's take a peek at 2023!

1. Family Day Skate with Elsa, Anna and Olaf: We held a FREE family skate at a local Burlington rink with special guest stars and Hot Chocolate all around!

2. SPCA Cupcake Day photo booth event: We invited our community to come by and get a FREE photo with their pet, grab a cupcake and donate to the SPCA in our community.

3. Spring/Easter Client Event here at the office: We celebrated the arrival of…

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As we usher in 2024, it's hard to fathom that we're about to bid farewell to 2023. It feels like only yesterday we were making plans and setting goals for the year.

As we stand on the cusp of a new beginning, it's a valuable time for reflection. Think about the past year - the dreams that turned into reality, the changes you embraced, what you're most thankful for, and areas you wish to improve.

This introspection is a pivotal step in shaping your objectives for 2024. No matter what your aspirations are for this upcoming year, know that we are here to support you in every way possible.

At The Rocca Sisters Team, the new year is synonymous with new prospects and ambitions. Our commitment to ongoing growth ensures that we consistently offer…

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We are so excited to announce this year that The Rocca Sisters Team has been nationally ranked by the Royal Lepage Chairman’s Club as #8 in GCI*! The National Chairman’s Club represents the top 1% of Royal LePage Realtors, nationwide, and we could not be more delighted to have once again made this elite club. We are also ranked #1 in Burlington and Hamilton! In Total Number of Units Sold, The Rocca Sisters Team also ranked number 7 in all of Canada!

While 2023 was certainly a year of continued challenges. We know that with challenges always comes opportunity. We are so proud of our hard-working and dedicated team and grateful for the continued support of the communities we serve.

We would also like to extend our congratulations to each and…

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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! 

146 Views, 0 Comments

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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