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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The Magic of the Moon in June Road Race and Kids Fest

Each year as summer beckons, Burlington becomes a hub of excitement with the Moon in June Road Race, a cherished community event that has something special for everyone in the family. This year the event is benefitting The Children’s Aid Foundation of Halton (CAFH) which is the only charity in the Region of Halton whose sole purpose is to provide support, relief and opportunities for children, youth and families involved in the child welfare system. CAFH offers opportunities for healing, growth, education and the chance to create happy childhood memories.

While the race itself offers a range of distances suitable for all ages and fitness levels, a particular highlight is the Kids Fest,…

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How to Open Your Pool for the Summer: A Quick and Easy Guide

Ah, summer! It's the season of barbecues, sundresses, and, best of all, pool parties. If you’re lucky enough to have a pool, the warm weather is your cue to get it swim-ready. Opening your pool for the season might seem daunting, but with a few simple steps, you can ensure it’s safe, clean, and ready for a dive. Here’s a streamlined guide to help you kick off the summer with a splash!

Step 1: Uncover and Clean

Start by removing the pool cover. It’s likely collected water, leaves, and debris over the winter, so clean it thoroughly before storing it away. This is also a good time to skim the surface of the pool and vacuum any debris that might have made its way into the water.

Step…

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The Condo Guide

We at the Rocca Sisters Team are passionate about the communities and clients we serve, whether they are buying or selling freehold properties or condominiums. As a result, our team of experts created our exclusive Condo Seller’s Guide for preparing your condo for sale, to help make your move as stress-free as possible. 

This guide is a great resource for the information you need to help you list your condo for sale. By collecting the information and gathering the paperwork now, you’ll be better prepared to make this a smooth transaction. 

There are also some practical tips on how to make your condo show-ready. This list comes from years of experience working with both sellers and buyers and following marketing trends. My goal…

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MOTHER’S DAY REFLECTIONS FROM WORKING MOMS

With Mother’s Day here, our own mother, Joan, the matriarch and strength of our family comes to mind with fondness. She truly is an inspiration in all that we do. We also realize, sometimes with trepidation, that we are now the light for our generation of little ones. We have the profound role of being “mom” to those tiny people that we have brought into the world and it is a role we cherish. 

Cathy is a proud mother to son Gianluca and daughter Vienna, and Tanya is mother to daughters Quinlan and Alissa. Real Estate is a demanding profession. There are no 9-5 or weekends off like most other jobs have. Likewise, motherhood is, as it should be, all-encompassing. So we are constantly working…

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With Mother’s Day approaching, our own mother, Joan, the matriarch and strength of our family comes to mind with fondness. She truly is an inspiration in all that we do. We also realize, sometimes with trepidation, that we are now the light for our generation of little ones. We have the profound role of being “mom” to those tiny people that we have brought into the world and it is a role we cherish. 

Cathy is a proud mother to son Gianluca and daughter Vienna, and Tanya is mother to daughters Quinlan and Alissa. Real Estate is a demanding profession. There are no 9-5 or weekends off like most other jobs have. Likewise, motherhood is, as it should be, all-encompassing. So we are constantly working on perfecting work-life balance. It is not…

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