How Tariffs Ripple Through Canada’s Economy — and Real Estate Market
Posted on Jul 23, 2025 in Government News
With renewed threats of U.S. tariffs on Canadian goods, headlines are buzzing about steel, aluminum, and agricultural exports. But what does this actually mean for the average Canadian? And how do global trade tensions affect something as local and personal as the real estate market?Let’s break it down.....🔁 What Are Tariffs — and Why They Matter
Ta...Bank of Canada Holds Interest Rate at 2.75% Amid Mixed Economic Signals
Posted on Jun 04, 2025 in Government News
The Bank of Canada (BoC) has chosen to hold its overnight interest rate steady at 2.75% for the second straight month. This move comes after a significant easing cycle that saw the rate cut by 225 basis points since June 2024.Why the Hold?
The decision reflects a cautious approach by the central bank as it monitors a complex economic landscape. Whil...
Big Win for First-Time Buyers: Zero GST on New Homes Under $1M a Reality
Posted on May 30, 2025 in Government News
Prime Minister Mark Carney’s Liberal government has officially delivered on one of its most high-profile campaign promises — and it’s great news for first-time homebuyers across Canada.In a bold move aimed at addressing housing affordability, the government has rolled out a new First-Time Home Buyers’ (FTHB) GST rebate for those purchasing newly bu...Canadian Dollar Hits Five-Month High: What It Means for Real Estate
Posted on Apr 16, 2025 in Government News
As of April 16, 2025, the Canadian dollar—often referred to as the “loonie”—has reached its highest level in five months, now trading above US$0.72. This recent climb is largely due to two key factors:
1. Bank of Canada Holding Steady on Interest Rates
The Bank of Canada’s overnight lending rate currently stands at 2.75%, and speculation is growing t...