Saad Naqwaj

06/08/2024

06/05/2024

of reduces policy rate by 25 basis points

The Bank of Canada today reduced its target for the overnight rate to 4¾%, with the Bank Rate at 5% and the deposit rate at 4¾%. The Bank is continuing its policy of balance sheet normalization.

05/04/2024

🏠 The numbers are out! TRREB's April 2024 housing stats show a notable shift from April 2023. Home sales declined compared to last year’s temporary market surge, while new listings soared by an impressive 47.2% year-over-year, providing home buyers with options 📈
Despite the sales dip, the average selling price remained stable, reflecting the market’s resilience.
📊 Curious for more details? Dive into the full report for more insights and analysis!

01/13/2024

https://www.ctvnews.ca/canada/canadian-homeowners-face-large-increases-to-property-taxes-1.6722261?__vfz=medium%3Dsharebar

Several major cities have approved or proposed major property tax hikes this year as municipalities struggle with inflation, high interest rates, crumbling infrastructure and soaring demand for services.

01/13/2024

Canadian homeowners face large increases to property taxes
As Toronto homeowners brace for one of the largest property tax hikes in recent memory, many other cities are grappling with similar issues. Several major cities have approved or proposed major property tax hikes this year as municipalities struggle with inflation, high interest rates, crumbling infrastructure and soaring demand for services.

In Montreal, property taxes are set to rise nearly 5 per cent this year, the largest hike in 13 years. In Vancouver, property taxes are 7.5 per cent following a 10.7 per cent increase last year. While Halifax is set to see a nearly 10 per cent increase.

https://www.ctvnews.ca/canada/canadian-homeowners-face-large-increases-to-property-taxes-1.6722261?__vfz=medium%3Dsharebar

12/25/2023

12/06/2023

The today held its target for the overnight rate at 5%

The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is continuing its policy of quantitative tightening.

08/31/2023

On Wednesday, September 6, 2023, the Bank of Canada will announce its decision on the target for the overnight rate. A press release will provide a brief explanation of the decision.