Because Your Move Matters! Sherry Mangal

06/26/2026

A major win for housing affordability in Toronto. 👏

TRREB welcomes the Ontario government's commitment of $1.5 billion to reduce development charges in the City of Toronto by 40 to 60 per cent. Development charges can account for up to 20 per cent of a new home's purchase price, costs that are ultimately passed on to buyers and renters.

This is exactly the kind of leadership our housing market needs. Lower upfront costs mean more viable projects, faster construction, and improved affordability for the people who need it most.

Thank you to Prime Minister Mark Carney, Premier FordNation, Ministers Gregor Robertson, Peter Bethlenfalvy, Rob Flack and the City of Toronto for making this possible.

Read our full statement: https://trreb.ca/trreb-welcomes-ontario-governments-1-5-billion-funding-for-significant-development-charges-reduction-in-the-city-of-toronto/

06/10/2026

The Bank of Canada announced this morning that it was keeping that trendsetting interest rate, which directly impacts variable mortgage rates, at its current level of 2.25%. That marks the fifth consecutive rate hold in a row, a streak that began in December and has continued through 2026.

The next scheduled date for announcing the overnight rate target is July 15, 2026. The Bank’s next MPR will be released at the same time.

The Bank of Canada today held its target for the overnight rate at 2.25%, with the Bank Rate at 2.5% and the deposit rate at 2.20%.

04/29/2026

The Bank of Canada maintained its policy interest rate at 2.25% on April 29, 2026, marking the fourth consecutive hold. Citing ongoing global turmoil and energy price shocks from Middle East conflicts, the Bank holds steady, maintaining the rate following 4 rate cuts in 2025.

The Bank of Canada’s next announcement is scheduled to arrive on June 10, the first of its last five rate decisions of the year.

The Bank of Canada today held its target for the overnight rate at 2.25%, with the Bank Rate at 2.5% and the deposit rate at 2.20%.