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Bank of Canada hikes key interest rate.

Today the Bank of Canada raised it’s key interest rate from 1.25% to 1.5%. In response, all 6 of Canada’s big banks have announced they will raise their prime lending rate to 3.7%.   Prime Lending Rate Trend source: tradingeconomics.com

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Ontario Rent Increase Guideline 2019

The Ontario Rent Increase Guideline is set at 1.8% for 2019. If you are a landlord in Ontario, you can only increase rent every 12 month period, you must provide at least 90 days notice to your tenant in writing via the N1 form.

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Toronto Real Estate Market Stats June 2018

Market Stats for June 2018 are out. The average price for a detached home in Toronto is $1,354,429 and for semi’s it is $999, 754. Curious to know how much your house is worth? Get in touch to discuss.

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Toronto Real Estate Market Stats May 2018

The Toronto Real Estate Board has reported a 22-per-cent drop in the number of homes sold in GTA in May 2018 compared to May 2017 and a 26-per-cent decline in new listings of homes for sale, both statistic suggestive that consumers are still on the sidelines waiting for evidence of recovery in the GTA market….

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