Asim Maredia

Again, the Bank of Canada has raised interest rates to fight inflation. This is the fifth interest rate increase this year.

The Canadian economy continues to operate in excess demand and labour markets remain tight. Canada’s GDP grew by 3.3% in the second quarter. While this was somewhat weaker than the Bank had projected, indicators of domestic demand were very strong – consumption grew by about 9½% and business investment was up by close to 12%. With higher mortgage rates, the housing market is pulling back as anticipated, following unsustainable growth during the pandemic. The Bank continues to expect the economy to moderate in the second half of this year, as global demand weakens and tighter monetary policy here in Canada begins to bring demand more in line with supply.

(Source: https://www.bankofcanada.ca/2022/09/fad-press-release-2022-09-07/)

Repost Keller Williams Legacies Realty

A common misconception about the 2022 commercial real estate market is that brick-and-mortar stores are gone for good.

Despite the rise of e-commerce over the past few years, brick-and-mortar stores are far from disappearing. Compared to 2021, store closures decreased 65% with a 3% increase in store openings. While e-commerce provides users with a convenient option, the experience of in-person shopping is still favored by many. To remain successful, many brick-and-mortar stores are revitalizing their brands and store layouts to make them more shopper-friendly. This provides an abundance of opportunities for investors and developers, as these new store openings and rebranding efforts require relocation and renovations.

https://www.blogto.com/real-estate-toronto/2022/07/21-iceboat-terrace-toronto/

This $6 million Toronto home has a living room inside a suspended glass bridge If you've ever dreamed of living in the clouds, this posh unit is about as close to that as you can get (without living in a hot air balloon). Thi...

Inflation report for the month of June 2022
8.1%

The Daily — Consumer Price Index, June 2022 The Consumer Price Index (CPI) rose 8.1% on a year-over-year basis in June, up from a 7.7% gain in May. On a seasonally adjusted monthly basis, the CPI increased 0.6% in June.