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February Home Sales Dropped 35% in the GTA

Homes sales across the Greater Toronto Area (GTA) saw a steep decline in February, when compared to the same time last year. According to the Toronto Real Estate Board’s (TREB) latest report released earlier today, figures show there were only 5,175 residential transactions reported through TREB’s MLS® System in February 2018, this number was down […]

2.9% Increase on Residential Property Tax

On Monday, Toronto city council passed an $11.12 billion operating budget, which includes a 2.1% increase in residential property tax. Residents, however, will have to pay an additional 0.5% for the city’s build fund (which supports infrastructure projects) as well as an extra 0.31% towards the enhancement of Toronto’s business climate and reassessment impact, totalling […]

Bank of Canada Hikes Interest Rates

Last Wednesday, The Bank of Canada raised its benchmark interest rate to 1.25 percent, the third interest rate hike over the past year, and the highest level since the global financial crisis in 2008. According to the official press statement released by Bank of Canada, “the economy is operating roughly at capacity, with inflation being […]