Sabin.Biris

🚨🏦

Bank of Canada holds its key interest rate at 2.25%, marking the 6th consecutive rate hold.

So, what does this mean? 👇

🇨🇦 Canada’s economy is beginning to show signs of recovery. Growth is picking up, consumer spending remains resilient, and the housing market appears to be stabilizing. At the same time, inflation is expected to gradually cool after recent increases driven largely by higher oil and gas prices.
That said, uncertainty isn’t gone. Ongoing geopolitical tensions in the Middle East and trade developments with the U.S. continue to influence the economic outlook.

🏡 For buyers and sellers:

• Borrowing costs remain unchanged.
• Mortgage rates are likely to stay relatively stable in the near term.
• The Bank continues to expect inflation to return to its 2% target by early 2027, but future rate decisions will remain data-dependent.

📅 The next Bank of Canada rate announcement is September 2, 2026.

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📲 Whether you’re buying, selling, investing, or simply planning ahead, understanding the market is what turns uncertainty into opportunity. 🏡

SABIN BIRIS | Real Estate Sales Representative
📱 (647) 533-7177
📧 [email protected]

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🏡

If you own a residential property in Toronto, there’s one important deadline to keep in mind: April 30, 2026. ⏳ Every year, all Toronto property owners must submit a Vacant Home Tax (VHT) declaration, even if you live in the home full-time. ✔️

Here’s what you should know:
• Declare if your property was occupied or vacant in 2025 🏠
• All residential properties require a declaration, even your principal residence 📄
• No declaration by April 30 = property may be deemed vacant 💸
• Vacant homes are taxed at 3% of the property’s assessed value 📊

The declaration itself takes only a few minutes and requires the assessment roll number and customer number from your property tax bill. 🧾

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📲 Buy smart. Sell smart. Let’s make it happen. 🏡✅

SABIN BIRIS | Real Estate Sales Representative
📱 : (647) 533-7177
📧 : [email protected]
📍 : 177A Main St, Unionville Markham, ON L3R 2G8

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