The Bank of Canada has made an expected move by increasing its target interest rate by 0.25%, raising it from 4.75% to 5% this morning. It's been quite a while since the Bank Rate stood at 5% - we last saw it in 2001.

It seems there are three main reasons behind this line of thinking and why this may mean that the bank will now take a break and maintain steady rates in the upcoming months.

Firstly, today's increase is mainly driven by the fact that inflation in Canada remains higher than what is considered healthy for both Canadians and the overall economy. However, the good news is that the inflation situation is improving.

Secondly, central banks worldwide are employing a key strategy to combat inflation, which involves making…

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FIVE SPOTS IN BURLINGTON YOUR DOG IS SURE TO DIG!

Here at the Rocca Sisters Team, most of us are animal lovers who consider our four-legged (and in some cases three-legged!) furry friends important members of our families. Now that the summer weather is finally here, we want our pups to be able to enjoy the outdoors in our community. We’ve compiled a list of off-leash dog parks and other dog friendly spots in Burlington that your dog is sure to dig!

1. Bayview Park, 1800 King Road 

Located in Aldershot, and offering exceptional views of Burlington and Burlington Bridge, Bayview Park, often known as W.A.G. (Where Animals Gather) Park, features a leash free area, model airplane clubhouse with an airstrip and a baseball diamond making it a fun…

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We compile Monthly Market Stats for Burlington, Oakville Hamilton, Greater Hamilton and Burlington Condos. See the latest June 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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“GREEN” TIPS FOR A GREAT LAWN!


A green lawn in the nicer months of the year adds such great curb appeal and interest to your home. It requires some know how but taking care of your lawn can be simple and rewarding! Here are some tips for all-natural lawn care.

Start with the soil
Check the quality by taking a handful and squeezing it. If it crumbles, add some nutrient-rich compost in spring and fall. If it’s sandy, add some hummus to help it hold water. Check the pH too. Most garden centres offer this service. If it’s less than 6 or 7, add some lime.

Use the right grass
Clover and fescue are good for dry summers, and bluegrass and ryegrass are ideal for areas that get lots of sun. For shady spots, try fescue or a groundcover like periwinkle…

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CANADA DAY 2023 

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…

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HAPPY FATHER’S DAY!

This Father’s Day weekend, we hope that you will reflect on what makes your father extraordinary, how he shaped who you have become, and the direction your life will take. Our dad taught us about the importance of family, friends, loyalty and perspective; to never be short sighted and to always communicate.  Pat Rocca was a man who respected his faith, family, history, community, and believed strongly in the notion of moving forward.  No matter the challenge, always ask yourself what needs to happen to move forward and to take action.

 

Pat Rocca came to Canada from Italy in 1957, determined to make a better life for himself and his family. He launched himself and his family into the real estate industry and began building…

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The countdown is on! 4 more days! We are so excited to be a part of the Sound of Music Festival this year in Burlington at Spencer Smith Park. June 15-18 2023. Until June 15, we are going to be telling you a little more about Burlington’s favourite festival and the largest FREE music festival around! 

 

Check out our previous blog posts about Streetfest, the Bands & Music and The Parade from the last few weeks!

 

All throughout Spencer Smith Park from Thursday June 15 to Sunday June 18, you’ll find the Midway, Vendors, Food Trucks, Fun and Games between the main 2 stages. Enjoy rides, games, fun foods, artisanal vendors, local Burlington community members and us, The Rocca Sisters! We’ll be at the park all 4 days. Look for the Rocca…

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The countdown is on! We are so excited to be a part of the Sound of Music Festival this year in Burlington at Spencer Smith Park. June 15-18 2023. Until June 15, we are going to be telling you a little more about Burlington’s favourite festival and the largest FREE music festival around! 

 

Check out our previous blog post about Streetfest last week!

 

Next up is The Music and the Bands! The Sound of Music never disappoints and this year they have three stages filled with amazing artists from up and comers to seasoned veterans in the music Industry! Rock music, to country to pop!  For four days, general admission to the Sound of Music is FREE – just walk right in! If you want guaranteed access though, the sound of music is selling VIP and…

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The Bank of Canada has announced an increase in its target for the overnight rate to 4¾%, with the Bank Rate at 5% and the deposit rate at 4¾%. The bank is also adopting a policy of quantitative tightening. While this may sound complex, let's break it down into simpler terms and understand the implications of these decisions.


Global Economic Landscape:

Consumer price inflation worldwide is on a downward trajectory, largely due to lower energy prices compared to the previous year. However, underlying inflation remains persistently high. To address this, major central banks across the globe are signaling the possibility of another rare increase in the Fall to restore price stability


Canadian Economic Performance:

In the first…

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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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