🏡 Spacious 2-Bedroom Unit with Ravine Views
Welcome to one of North York’s finest neighborhoods! This rarely offered 1300+200 square feet walk-out unit boasts floor-to-ceiling windows that bathe the space in natural light. Imagine waking up to lush green views every morning.
Newly Renovated: Freshly updated with new appliances and a modern kitchen.
Three-Piece Bathroom: Enjoy a brand-new bathroom.
Ravine-Like Backyard: Step outside to your private oasis.
Parking Included
Extra 200 sqft of storage space for your convenience.
Top-Rated Schools: Steelsview, Zion, AY Jackson, and St. Joseph’s Morrow Park Schools are nearby.
Amenities Galore: Easy access to parks, colleges, Bayview Village, highways, shopping centers, and community facilities.
Convenient Transit: Just a three-minute walk to the bus station. and a few minutes to highways or main intersections
Welcome to one of North York’s finest neighborhoods! This rarely offered 1300+200 square feet walk-out unit boasts floor-to-ceiling windows that bathe the space in natural light. Imagine waking up to lush green views every morning.
Newly Renovated: Freshly updated with new appliances and a modern kitchen.
Three-Piece Bathroom: Enjoy a brand-new bathroom.
Ravine-Like Backyard: Step outside to your private oasis.
Parking Included
Extra 200 sqft of storage space for your convenience.
Top-Rated Schools: Steelsview, Zion, AY Jackson, and St. Joseph’s Morrow Park Schools are nearby.
Amenities Galore: Easy access to parks, colleges, Bayview Village, highways, shopping centers, and community facilities.
Convenient Transit: Just a three-minute walk to the bus station. and a few minutes to highways or main intersections
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.
https://www.bankofcanada.ca/2024/06/fad-press-release-2024-06-05/
https://www.bankofcanada.ca/2024/06/fad-press-release-2024-06-05/
Bank of Canada
Bank of Canada reduces policy rate by 25 basis points
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.
Canadian Housing Market Cools as #Trade Tensions Loom
The Canadian housing market experienced a notable slowdown in March, with both home sales and prices declining, according to the Canadian Real Estate Association (CREA). This shift in momentum is accompanied by a less optimistic outlook for the remainder of the year, largely attributed to escalating global trade tensions initiated by the United States. CREA reported a significant 4.8% drop in home sales from February to March. This decline marks the fourth consecutive monthly decrease, resulting in a cumulative 20% fall from the recent peak observed in November. On an unadjusted annual basis, March sales were down 9.3%, marking the lowest level for that month since 2009.
Price trends also reflected this cooling market. CREA's Home Price Index registered a 1% month-over-month decrease and a 2.1% year-over-year decline. The national average selling price saw a more substantial annual drop of 3.7%.
According to CREA's senior economist, the initial downturn in sales was primarily linked to uncertainty surrounding tariffs. However, the association now anticipates that the Canadian housing sector will increasingly be affected by the actual economic repercussions of these trade disputes. This has led to a significant downward revision of CREA's 2025 forecast. The association now projects 482,673 residential property sales for the year, essentially unchanged from 2024. This is a stark contrast to their January forecast, which had anticipated an 8.6% increase in sales.
Adding to the concerning picture, data from Canada's national housing agency revealed a 3.3% month-over-month decrease in housing starts in March, reaching an annualized rate of 214,155 units. This figure fell short of economists' expectations of 242,500 units.
The confluence of declining sales and prices, coupled with a weakened forecast and lower housing starts, paints a picture of a Canadian housing market facing significant headwinds. The primary concern now revolves around the broader economic impact of ongoing trade tensions and their potential to further dampen market activity throughout the remainder of 2025.
The Canadian housing market experienced a notable slowdown in March, with both home sales and prices declining, according to the Canadian Real Estate Association (CREA). This shift in momentum is accompanied by a less optimistic outlook for the remainder of the year, largely attributed to escalating global trade tensions initiated by the United States. CREA reported a significant 4.8% drop in home sales from February to March. This decline marks the fourth consecutive monthly decrease, resulting in a cumulative 20% fall from the recent peak observed in November. On an unadjusted annual basis, March sales were down 9.3%, marking the lowest level for that month since 2009.
Price trends also reflected this cooling market. CREA's Home Price Index registered a 1% month-over-month decrease and a 2.1% year-over-year decline. The national average selling price saw a more substantial annual drop of 3.7%.
According to CREA's senior economist, the initial downturn in sales was primarily linked to uncertainty surrounding tariffs. However, the association now anticipates that the Canadian housing sector will increasingly be affected by the actual economic repercussions of these trade disputes. This has led to a significant downward revision of CREA's 2025 forecast. The association now projects 482,673 residential property sales for the year, essentially unchanged from 2024. This is a stark contrast to their January forecast, which had anticipated an 8.6% increase in sales.
Adding to the concerning picture, data from Canada's national housing agency revealed a 3.3% month-over-month decrease in housing starts in March, reaching an annualized rate of 214,155 units. This figure fell short of economists' expectations of 242,500 units.
The confluence of declining sales and prices, coupled with a weakened forecast and lower housing starts, paints a picture of a Canadian housing market facing significant headwinds. The primary concern now revolves around the broader economic impact of ongoing trade tensions and their potential to further dampen market activity throughout the remainder of 2025.
Navigating Market Uncertainty: Staying Calm Amidst Housing Shifts
Recent data reveals a cooling trend in the Canadian housing market, with sales and prices experiencing declines. While these shifts can understandably cause concern, it's crucial to maintain a long-term perspective and avoid impulsive reactions. regarding market fluctuations and mortgage choices, reacting with panic to market drops is generally not advisable; a measured and informed approach is key.
Looking ahead, even if the current trade-related headwinds facing the economy were to ease, a swift return to previous market conditions is not necessarily anticipated. A period of adjustment is likely before consumer confidence fully recovers and translates into increased purchasing activity. This period could potentially span a couple of months as individuals and the market digest the resolution and regain a sense of stability.
The suddenness and magnitude of recent economic announcements, particularly concerning tariffs, have understandably created a degree of uncertainty and taken many by surprise. Consequently, even after the resolution of such events, a period of time is needed for individuals to process the changes and rebuild the confidence required for significant financial decisions, such as purchasing a home. Planning and regaining comfort in the market will take time.
Therefore, while the current market adjustments warrant attention, a calm and informed approach, coupled with an understanding of the potential timeline for recovery, is the most prudent way to navigate the evolving #Canadian #housing landscape.
Recent data reveals a cooling trend in the Canadian housing market, with sales and prices experiencing declines. While these shifts can understandably cause concern, it's crucial to maintain a long-term perspective and avoid impulsive reactions. regarding market fluctuations and mortgage choices, reacting with panic to market drops is generally not advisable; a measured and informed approach is key.
Looking ahead, even if the current trade-related headwinds facing the economy were to ease, a swift return to previous market conditions is not necessarily anticipated. A period of adjustment is likely before consumer confidence fully recovers and translates into increased purchasing activity. This period could potentially span a couple of months as individuals and the market digest the resolution and regain a sense of stability.
The suddenness and magnitude of recent economic announcements, particularly concerning tariffs, have understandably created a degree of uncertainty and taken many by surprise. Consequently, even after the resolution of such events, a period of time is needed for individuals to process the changes and rebuild the confidence required for significant financial decisions, such as purchasing a home. Planning and regaining comfort in the market will take time.
Therefore, while the current market adjustments warrant attention, a calm and informed approach, coupled with an understanding of the potential timeline for recovery, is the most prudent way to navigate the evolving #Canadian #housing landscape.
A Game-Changer for First-Time Homebuyers: Understanding Canada's New GST Rebate (Effective May 27th, 2025)
The Canadian housing market has been a formidable challenge for aspiring homeowners, particularly for those looking to purchase their first property. With rising prices and the persistent issue of affordability, the dream of homeownership has felt increasingly out of reach for many young Canadians. Recognizing this pressing concern, the federal government recently announced significant changes to the Goods and Services Tax (GST) rebate for first-time homebuyers, taking effect on May 27th, 2025. This new measure aims to reduce the upfront costs of purchasing a newly constructed home and, in turn, stimulate the construction of new housing units across the country.
This isn't merely an incremental adjustment; it represents a substantial shift from the previous GST/HST New Housing Rebate and introduces a targeted First-Time Home Buyers' GST Rebate (FTHB GST Rebate) designed to put thousands of dollars back into the pockets of eligible buyers. Let's delve into the key differences between the old and new rebate structures, the eligibility criteria, and what this means for Canada's housing landscape.
The Landscape Before May 27th, 2025: The Existing GST/HST New Housing Rebate
Prior to the recent changes, the primary mechanism for receiving a rebate on the GST or the federal portion of the Harmonized Sales Tax (HST) on new homes was the GST/HST New Housing Rebate. This rebate was available to individuals who purchased a new or substantially renovated home, built a home, or purchased a share in a co-operative housing corporation for use as their or a relation's primary place of residence.
While beneficial, the previous rebate had certain limitations that often left many first-time buyers in major urban centres without significant relief. Here's how it generally worked:
* Rebate Calculation: The rebate amount was 36% of the GST (or federal portion of HST) paid.
* Price Thresholds:
* For homes priced at $350,000 or less, a full 36% rebate was possible, up to a maximum of $6,300.
* For homes between $350,001 and $449,999, the rebate would gradually decrease.
* For homes priced at $450,000 or more, there was no federal GST/HST rebate available.
In provinces with HST, there were often provincial new housing rebates that could be claimed in addition to the federal rebate. For example, Ontario offered a rebate of up to $24,000 on the provincial portion of the HST, regardless of the home's value (as long as other conditions were met). However, the federal portion's strict $450,000 cut-off meant that in many high-cost markets, the federal rebate was simply not accessible for the average new home. This significantly limited the overall savings for first-time buyers attempting to enter these expensive markets.
Furthermore, the existing rebate wasn't specifically targeted at first-time buyers. While many first-time buyers might have qualified, the program's design didn't prioritize them above other eligible individuals purchasing new homes.
The New Era: First-Time Home Buyers' GST Rebate (FTHB GST Rebate) – Effective May 27th, 2025
The government's recent announcement introduces a tailored and far more impactful First-Time Home Buyers' GST Rebate (FTHB GST Rebate). This new measure is designed to directly address the affordability challenges faced by those entering the housing market for the first time. The key changes are focused on significantly increasing the price thresholds for eligibility and providing a full GST exemption for homes below a certain value.
Here's a breakdown of the new FTHB GST Rebate:
* Full GST Elimination (100% Rebate): For new homes priced up to $1 million, eligible first-time homebuyers can receive a 100% rebate on the GST (or the federal portion of HST). This means the GST is effectively eliminated for these purchases, offering a substantial saving of up to $50,000 (based on a 5% GST rate on a $1 million home).
The Canadian housing market has been a formidable challenge for aspiring homeowners, particularly for those looking to purchase their first property. With rising prices and the persistent issue of affordability, the dream of homeownership has felt increasingly out of reach for many young Canadians. Recognizing this pressing concern, the federal government recently announced significant changes to the Goods and Services Tax (GST) rebate for first-time homebuyers, taking effect on May 27th, 2025. This new measure aims to reduce the upfront costs of purchasing a newly constructed home and, in turn, stimulate the construction of new housing units across the country.
This isn't merely an incremental adjustment; it represents a substantial shift from the previous GST/HST New Housing Rebate and introduces a targeted First-Time Home Buyers' GST Rebate (FTHB GST Rebate) designed to put thousands of dollars back into the pockets of eligible buyers. Let's delve into the key differences between the old and new rebate structures, the eligibility criteria, and what this means for Canada's housing landscape.
The Landscape Before May 27th, 2025: The Existing GST/HST New Housing Rebate
Prior to the recent changes, the primary mechanism for receiving a rebate on the GST or the federal portion of the Harmonized Sales Tax (HST) on new homes was the GST/HST New Housing Rebate. This rebate was available to individuals who purchased a new or substantially renovated home, built a home, or purchased a share in a co-operative housing corporation for use as their or a relation's primary place of residence.
While beneficial, the previous rebate had certain limitations that often left many first-time buyers in major urban centres without significant relief. Here's how it generally worked:
* Rebate Calculation: The rebate amount was 36% of the GST (or federal portion of HST) paid.
* Price Thresholds:
* For homes priced at $350,000 or less, a full 36% rebate was possible, up to a maximum of $6,300.
* For homes between $350,001 and $449,999, the rebate would gradually decrease.
* For homes priced at $450,000 or more, there was no federal GST/HST rebate available.
In provinces with HST, there were often provincial new housing rebates that could be claimed in addition to the federal rebate. For example, Ontario offered a rebate of up to $24,000 on the provincial portion of the HST, regardless of the home's value (as long as other conditions were met). However, the federal portion's strict $450,000 cut-off meant that in many high-cost markets, the federal rebate was simply not accessible for the average new home. This significantly limited the overall savings for first-time buyers attempting to enter these expensive markets.
Furthermore, the existing rebate wasn't specifically targeted at first-time buyers. While many first-time buyers might have qualified, the program's design didn't prioritize them above other eligible individuals purchasing new homes.
The New Era: First-Time Home Buyers' GST Rebate (FTHB GST Rebate) – Effective May 27th, 2025
The government's recent announcement introduces a tailored and far more impactful First-Time Home Buyers' GST Rebate (FTHB GST Rebate). This new measure is designed to directly address the affordability challenges faced by those entering the housing market for the first time. The key changes are focused on significantly increasing the price thresholds for eligibility and providing a full GST exemption for homes below a certain value.
Here's a breakdown of the new FTHB GST Rebate:
* Full GST Elimination (100% Rebate): For new homes priced up to $1 million, eligible first-time homebuyers can receive a 100% rebate on the GST (or the federal portion of HST). This means the GST is effectively eliminated for these purchases, offering a substantial saving of up to $50,000 (based on a 5% GST rate on a $1 million home).
* Phased Rebate for Higher-Value Homes: For new homes valued between $1 million and $1.5 million, the rebate will be linearly phased out. This means the higher the home's price within this range, the smaller the rebate. For example, a $1.25 million home would qualify for a 50% GST rebate, offering potential savings of up to $25,000.
* No Rebate for Very High-Value Homes: New homes priced at or above $1.5 million will not be eligible for this new FTHB GST Rebate.
* Targeted Eligibility: This new rebate is exclusively for first-time home buyers. While it complements the existing GST/HST New Housing Rebate (which may still apply for other eligible new home purchasers), it introduces specific conditions to ensure it benefits those buying their first home.
Key Eligibility Criteria for the New FTHB GST Rebate:
To qualify for the new FTHB GST Rebate, at least one of the purchasers must meet the following conditions:
* First-Time Home Buyer: The individual must be a first-time home buyer, meaning they have not owned a home, nor lived in a home owned by a spouse or common-law partner, in the current calendar year or in the four preceding calendar years.
* Primary Residence: The new home must be acquired for use as the individual's primary place of residence, and they must be the first individual to occupy the home as a place of residence.
* Canadian Citizen or Permanent Resident: The eligible individual must be at least 18 years old and a Canadian citizen or permanent resident.
* One-Time Benefit: An individual can only claim this FTHB GST Rebate once in their lifetime. Furthermore, an individual cannot claim the rebate if their spouse or common-law partner has previously claimed it.
* Agreement and Construction Dates: The agreement of purchase and sale for the new home must be entered into with the builder on or after May 27th, 2025, and before 2031. Construction of the home must also begin before 2031 and be substantially completed by 2036.
* Eligible Home Types: The rebate applies to new homes purchased from a builder, owner-built homes (where the individual builds or hires someone to build on their own land), and purchases of shares in cooperative housing corporations.
Comparing the Impact: Old vs. New
The contrast between the old and new rebate structures is significant, especially for first-time homebuyers in urban centres:
* Accessibility: The most profound change is the dramatic increase in the home value threshold. The previous $450,000 federal limit excluded a vast majority of new homes in populous areas. The new $1 million full rebate threshold, and the $1.5 million partial rebate threshold, makes the FTHB GST Rebate genuinely accessible to a much broader segment of first-time buyers across Canada.
* Savings Potential: The potential savings are vastly higher. Under the old system, the maximum federal rebate was $6,300. The new system allows for up to $50,000 in GST savings, representing a massive reduction in upfront costs for qualified buyers.
* Targeting: The explicit "first-time home buyer" condition in the new rebate ensures that the benefits are directed precisely to those who need the most help breaking into the market. The old rebate was broader in its application.
* Market Stimulation: By making new homes more affordable for first-time buyers, the government aims to encourage more new construction. This could help address the persistent housing supply shortage that has contributed to rising prices. Builders now have a greater incentive to build homes within these new eligible price ranges.
What This Means for You
If you are a first-time home buyer in Canada contemplating the purchase of a new construction home, these changes are incredibly positive. They represent a tangible reduction in the financial hurdle of entering the housing market.
* No Rebate for Very High-Value Homes: New homes priced at or above $1.5 million will not be eligible for this new FTHB GST Rebate.
* Targeted Eligibility: This new rebate is exclusively for first-time home buyers. While it complements the existing GST/HST New Housing Rebate (which may still apply for other eligible new home purchasers), it introduces specific conditions to ensure it benefits those buying their first home.
Key Eligibility Criteria for the New FTHB GST Rebate:
To qualify for the new FTHB GST Rebate, at least one of the purchasers must meet the following conditions:
* First-Time Home Buyer: The individual must be a first-time home buyer, meaning they have not owned a home, nor lived in a home owned by a spouse or common-law partner, in the current calendar year or in the four preceding calendar years.
* Primary Residence: The new home must be acquired for use as the individual's primary place of residence, and they must be the first individual to occupy the home as a place of residence.
* Canadian Citizen or Permanent Resident: The eligible individual must be at least 18 years old and a Canadian citizen or permanent resident.
* One-Time Benefit: An individual can only claim this FTHB GST Rebate once in their lifetime. Furthermore, an individual cannot claim the rebate if their spouse or common-law partner has previously claimed it.
* Agreement and Construction Dates: The agreement of purchase and sale for the new home must be entered into with the builder on or after May 27th, 2025, and before 2031. Construction of the home must also begin before 2031 and be substantially completed by 2036.
* Eligible Home Types: The rebate applies to new homes purchased from a builder, owner-built homes (where the individual builds or hires someone to build on their own land), and purchases of shares in cooperative housing corporations.
Comparing the Impact: Old vs. New
The contrast between the old and new rebate structures is significant, especially for first-time homebuyers in urban centres:
* Accessibility: The most profound change is the dramatic increase in the home value threshold. The previous $450,000 federal limit excluded a vast majority of new homes in populous areas. The new $1 million full rebate threshold, and the $1.5 million partial rebate threshold, makes the FTHB GST Rebate genuinely accessible to a much broader segment of first-time buyers across Canada.
* Savings Potential: The potential savings are vastly higher. Under the old system, the maximum federal rebate was $6,300. The new system allows for up to $50,000 in GST savings, representing a massive reduction in upfront costs for qualified buyers.
* Targeting: The explicit "first-time home buyer" condition in the new rebate ensures that the benefits are directed precisely to those who need the most help breaking into the market. The old rebate was broader in its application.
* Market Stimulation: By making new homes more affordable for first-time buyers, the government aims to encourage more new construction. This could help address the persistent housing supply shortage that has contributed to rising prices. Builders now have a greater incentive to build homes within these new eligible price ranges.
What This Means for You
If you are a first-time home buyer in Canada contemplating the purchase of a new construction home, these changes are incredibly positive. They represent a tangible reduction in the financial hurdle of entering the housing market.
* Increased Buying Power: The potential savings of up to $50,000 directly translate into increased buying power, potentially allowing you to consider a wider range of homes or reducing the amount you need to finance.
* Focus on New Builds: This rebate strongly incentivizes the purchase of new homes, which could be a strategic advantage for those looking for modern features, energy efficiency, and typically less immediate maintenance compared to older resale properties.
* Planning is Key: Be mindful of the effective dates. The purchase agreement must be signed on or after May 27th, 2025, to qualify for the new FTHB GST Rebate. If you're in the market for a new home, ensure your builder is aware of these changes and can guide you through the application process, which is often handled directly through the builder at the time of purchase.
This new First-Time Home Buyers' GST Rebate is a significant step by the Canadian government to alleviate housing affordability pressures. It's a clear signal of support for those striving to achieve homeownership, and it will undoubtedly play a crucial role in shaping the new construction segment of the Canadian housing market for years to come. If you're considering a new home purchase, now is the time to understand how this exciting new rebate can benefit your journey to homeownership.
* Focus on New Builds: This rebate strongly incentivizes the purchase of new homes, which could be a strategic advantage for those looking for modern features, energy efficiency, and typically less immediate maintenance compared to older resale properties.
* Planning is Key: Be mindful of the effective dates. The purchase agreement must be signed on or after May 27th, 2025, to qualify for the new FTHB GST Rebate. If you're in the market for a new home, ensure your builder is aware of these changes and can guide you through the application process, which is often handled directly through the builder at the time of purchase.
This new First-Time Home Buyers' GST Rebate is a significant step by the Canadian government to alleviate housing affordability pressures. It's a clear signal of support for those striving to achieve homeownership, and it will undoubtedly play a crucial role in shaping the new construction segment of the Canadian housing market for years to come. If you're considering a new home purchase, now is the time to understand how this exciting new rebate can benefit your journey to homeownership.
For months, the market has been pricing in aggressive rate cuts. However, new geopolitical tensions (specifically the conflict involving Iran) have sent oil prices surging back toward the $100 mark.
The Energy Spike: Higher gas and shipping prices bleed into everything—groceries, construction materials, and services.
Unlike the U.S. Fed, the Bank of Canada is laser-focused on inflation. If headline CPI spikes toward 3% again, the "pivot" we’ve all been waiting for will be delayed.
If they cut too early to save a stalling economy, they risk a 1970s-style "stagflation" scenario.
1. The "Soggy" Spring Market: We are seeing a K-shaped recovery. While high-end buyers with equity are still moving, the middle class is feeling the squeeze of higher cost-of-living and debt loads. Expect inventory to sit longer as "wait-and-see" remains the dominant strategy.
2. Mortgage Renewals are the Real Test: The "wall" of 2020-2022 renewals is hitting hard. Those who locked in at 2% are now facing 5-6% realities. This is cooling the secondary market and putting pressure on over-leveraged investors.
3. Fixed vs. Variable Strategy: With bond yields rising due to global instability, fixed rates are already creeping up. If you’re looking to buy or renew, the window for "lower" fixed rates might be closing. The "variable" gamble—waiting for BoC cuts—is looking riskier by the day.
We are in a "Higher for Longer" environment 2.0. The volatility in the Middle East has effectively reset the clock on the Bank of Canada’s easing cycle.
Don’t wait for a 2% world that isn’t coming back this year. Focus on the product and long-term value, not just the rate.
Pricing strategy is more critical now than it was in 2024. You cannot price based on "future" rate cuts that are now being pushed to late 2026 or 2027.
What’s your move? Are you locking in a fixed rate now, or betting that the BoC will be forced to cut to prevent a recession? Let’s discuss in the comments. 👇 read more
https://financialpost.com/news/bank-of-canada-risk-blowing-inflation
#TorontoRealEstate #BankOfCanada #Inflation #MortgageRates #TorontoHousing #Economy2026 #RealEstateInvesting
The Energy Spike: Higher gas and shipping prices bleed into everything—groceries, construction materials, and services.
Unlike the U.S. Fed, the Bank of Canada is laser-focused on inflation. If headline CPI spikes toward 3% again, the "pivot" we’ve all been waiting for will be delayed.
If they cut too early to save a stalling economy, they risk a 1970s-style "stagflation" scenario.
1. The "Soggy" Spring Market: We are seeing a K-shaped recovery. While high-end buyers with equity are still moving, the middle class is feeling the squeeze of higher cost-of-living and debt loads. Expect inventory to sit longer as "wait-and-see" remains the dominant strategy.
2. Mortgage Renewals are the Real Test: The "wall" of 2020-2022 renewals is hitting hard. Those who locked in at 2% are now facing 5-6% realities. This is cooling the secondary market and putting pressure on over-leveraged investors.
3. Fixed vs. Variable Strategy: With bond yields rising due to global instability, fixed rates are already creeping up. If you’re looking to buy or renew, the window for "lower" fixed rates might be closing. The "variable" gamble—waiting for BoC cuts—is looking riskier by the day.
We are in a "Higher for Longer" environment 2.0. The volatility in the Middle East has effectively reset the clock on the Bank of Canada’s easing cycle.
Don’t wait for a 2% world that isn’t coming back this year. Focus on the product and long-term value, not just the rate.
Pricing strategy is more critical now than it was in 2024. You cannot price based on "future" rate cuts that are now being pushed to late 2026 or 2027.
What’s your move? Are you locking in a fixed rate now, or betting that the BoC will be forced to cut to prevent a recession? Let’s discuss in the comments. 👇 read more
https://financialpost.com/news/bank-of-canada-risk-blowing-inflation
#TorontoRealEstate #BankOfCanada #Inflation #MortgageRates #TorontoHousing #Economy2026 #RealEstateInvesting
Financial Post
Posthaste: Is the Bank of Canada at risk of letting inflation get the upper hand again?
Scotiabank economist recommends an 'insurance' interest rate hike if high energy prices persist