Ilham Sheikh

12/11/2024

Good news: The Bank of Canada just cut interest rates again — down to 3.25%.

12/11/2024

https://www.theglobeandmail.com/business/article-live-updates-bank-of-canada-expected-to-deliver-another-oversized/

This was the fifth consecutive rate cut since June and the second oversized move in a row

07/25/2024

https://www.bankofcanada.ca/2024/07/fad-press-release-2024-07-24/

The Bank of Canada today reduced its target for the overnight rate to 4½%, with the Bank Rate at 4¾% and the deposit rate at 4½%. The Bank is continuing its policy of balance sheet normalization.

06/05/2024

https://www.bankofcanada.ca/2024/06/fad-press-release-2024-06-05/

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.

01/06/2023

https://tophouse.com/blog/48c1cabfd5604222b139f16bec6df3a1?utm_source=Facebookads&utm_campaign=Home-Valuation-Notion&fbclid=IwAR2Bnc-XrCGVSFDiBGA1uXMqqSVxO9DUpHlfaKkFHSB0JupL35azW2G5XFc_aem_Ac7gnKNmt_d_CLUrNLJgpgJAj0gSEx3rYlxvf5aLuAQAK7yILWA7ivkbk6UMkepQabEdH3zjoX9MxNh8fRLMTrXIkTs2C7uC96zOpaMC9SfHwjV9sE00GeA2r_tq1xmJHaE

Why this might be the most important time to sell your home over the next 5 maybe even 10 years

11/01/2022

https://www.blogto.com/real-estate-toronto/2022/10/1351-queen-street-east-toronto/?fbclid=IwAR0zMddZoOUr39jKXSOemTLgnZGzi9FPTZ2UErhsQ2BXbMaN2f5CZFi8X0o

In what may be a signal of the state of Toronto's real estate market right now, a residential building at a very prime location on buzzing Queen St...

10/27/2022

RBC and TD increased their prime lending rate to 5.95 per cent from 5.45 per cent, and other lenders are expected to follow suit. This will raise the amount of interest variable-rate mortgage holders pay on their loans.

It will also push borrowers closer to their trigger rate, or the level at which their regular monthly loan payments will not cover the interest.

The trigger rate is different for every borrower and is based on the size of their loan, the amount of their monthly payment, the interest rate of the mortgage and length of the amortization period.

The next Bank of Canada rate decision is on Dec. 7. Governor Tiff Macklem was clear that Canadians should expect another smaller rate hike that month

10/26/2022

https://toronto.ctvnews.ca/ontario-announces-sweeping-housing-changes-that-allow-three-units-on-one-property-1.6123676?fbclid=IwAR0_wJpQb2SUFaR0rBknD9J3u-cgmT0mkxALYLm-4dCYUG8qt45Rc_2pSno

The Ontario government announced sweeping housing changes on Tuesday that will override municipal zoning laws in some situations and allow for the construction of up to three units on each residential lot.

10/20/2022

https://www.barrons.com/articles/fed-inflation-stock-market-51663947733?mod=sm_fb_ad_kw&kwp_0=2188751&kwp_4=6260161&kwp_1=2691812&fbclid=IwAR1LCcMycgja4EIPSE0yO759AU_royRGuF0CFFjRYu1YwcMOlMk2RYFCEU8_aem_AUCAMJzWy5qCLG-5P5gs2t0Pp1GJWpSBV9yWW9gvVXBvF9EHGgqlsGsgWZhROda1_vr1ey6fMmOBcEdgREYFL96Sbdur-a_VuBEOdlTPXOdFlKGnvZWlpqe-K--_UYrXq5o

After boosting interest rates again, the central bank trims its projections for U.S. economic growth. Chairman Powell warns of pain ahead.

10/13/2022

https://www.insauga.com/mississauga-resident-ecstatic-after-selling-home-for-500000-over-asking/?fbclid=IwAR3tA3NjpLLEc8sZqAswl6jgd8awCE9gitrNeLAVbHU0okSQCujVKfS1wb8_aem_AcIHUwHYyKOq9Z-mPG0bN3MpNKBGj4o3JF9mD0hTyc4lJHV0wF8DCPdAKCJzVMifHMPd3PXsvbX27ByyukXfSjFtmLep5DK7sLs3nsLZAcyDsigpXMonAZC5KGnsoHbWti0

A Mississauga resident was over the moon after managing to sell his property for a whopping $500,000 over asking. The ravine lot property, boasting four bedrooms and four bathrooms, was listed earlier this year at $1.9 million – but sold within a day of listing for $2.4 million. Most real estate b...

09/30/2022

https://trib.al/brFhnv6?fbclid=IwAR1YQd-lCih2Czx3bBOZRjmONQSfL091K_N4BpkxWHDCEmxZ76d0ubTjGFw

The Bank of Canada will start giving Canadians a peek behind the curtain of its benchmark interest rate decisions in early 2023, following policy recommendations from the IMF.