News

Bank of Canada lowers overnight lending rate to 4.50% 

Posted on Aug 12, 2024



For the second consecutive time, Canada’s central bank has cut its overnight lending rate. In its July 2024 announcement, the Bank of Canada reduced the target rate by 25 basis points, bringing it down to 4.50%. 

Despite inflation remaining above the Bank's 2% target, the decision to lower rates is based on expectations that inflation will continue...

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How Much Does It Cost to Build a Deck?

Posted on Aug 12, 2024



Building a deck is a fantastic way to enhance your outdoor space, but costs can vary widely depending on style, materials, and location. 

Deck Styles and Costs

 Platform Decks are simple, ground-level options that can be DIY or professionally built, costing around $2,500. Multi-Level Decks involve more complex designs with stairs or walkways, requiri...

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Toronto Market Update – August 2024

Posted on Aug 06, 2024



Home prices in Toronto dropped nearly 5% last month, driven by an increase in new listings and fewer buyers, creating pressure for sellers to lower prices during the typically slow summer market. The average price fell to $1.106 million, a 4.8% decrease from June and nearly 1% lower than the same time last year, according to the Toronto Regional Re...

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Tips For Selling Your Home In The Summer

Posted on Aug 05, 2024



Warm weather and long daylight hours make summer an ideal time to list your home. But just like every other season, summer presents unique challenges and opportunities for home sellers looking to get maximum value. Here are 4 expert tips if you are thinking of selling your home this summer:

Prepare The Exterior Of The Home

When selling a home during...

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Toronto Market Update - July 2024

Posted on Jul 05, 2024



Toronto home sales experienced a 4.2% rise in June after four consecutive months of declines. Despite this increase, market activity remained relatively slow as a surge in new home listings provided would-be buyers with a growing abundance of options. 

According to the latest Toronto Regional Real Estate Board report, there were 5,406 sales last mont...

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Mortgage Broker Vs.

 Bank

Posted on Jul 04, 2024



When it comes to securing a mortgage, choosing between a mortgage broker and a bank can significantly impact both your time and financial investment. Understanding the key differences between these two options can help you make an informed decision, potentially saving you both time and money.
 

Lending:


Mortgage Brokers:
Do not lend money directly. Th...

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