SCHUY Property Group : RE/MAX : Archived blog posts for : 2022

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Bank of Canada increases policy interest rate by 50 basis points, begins quantitative tightening

Posted on April 13, 2022 by Carl Schuy

Bank of Canada increases policy interest rate by 50 basis points, begins quantitative tightening

April 13, 2022 - The Bank of Canada today increased its target for the overnight rate to 1%, with the Bank Rate at 1¼% and the deposit rate at 1%. The Bank is also ending reinvestment and will begin quantitative tightening (QT), effective April...

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Housing Market Prices Leveling?

Posted on April 7, 2022 by Carl Schuy

Housing Market Prices Leveling?

Market Snapshot - April 2022

Seeing more for sale/sold signs last month? March's numbers are in and evidence of an increase of inventory has helped make a level playing field for Buyers. When a surge of new listings hit the market, demand is satisfied...

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Ontario Expands the Non-Resident Speculation Tax

Posted on April 2, 2022 by Carl Schuy

Ontario Expands the Non-Resident Speculation Tax

The Government of Ontario has announced amendments to the Non-Resident Speculation Tax (NRST).

As of March 30, 2022, the NRST rate will be increased from 15% to 20% and will be expanded to all regions of the province. The NRST applies...

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