Bank of Canada Rocca SistersThe Bank of Canada announced (again) on Wednesday a half percentage point interest rate increase!

The key interest rate is now 4.25 per cent – the highest it’s been since January 2008. Since March, the central bank has raised its key interest rate seven consecutive times in an effort to bring inflation down and slow the economy.

Economic data released since its October interest rate decision supports its forecast that growth will stall through the end of the year and into the first half of 2023, the central bank went on to say.

Don’t let this information scar you – inventory remains low and buyers are actively seeking new properties. Proactive sellers are focused on taking advantage of an early Spring market in first quarter while inventory…

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5 Top Small Cities To Live In Ontario

Burlington Pier Rocca Sisters 5 Top Small Cities in Ontario

Our lives, habits and property outlook has changed dramatically since the pandemic lockdown was lifted in early 2022, but two years of remote working has changed the way we think about big cities versus small towns. The “urban exodus” doesn’t seem to be abating much. 

According to the latest census data, people are still leaving Toronto for bigger, cheaper housing in smaller neighbourhoods. 

With rents soaring, grocery bills and general living costs rising, it makes sense that people are still moving to other parts of the province or country to support their families. 

The pandemic may have fuelled the exodus, but Toronto’s unaffordable housing started driving young people out years ago. 

Resonance,…

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