News - HomeLife Paramount

30 Aug 2024

what is status certificate and why it is important for condominium buyers

Ritesh Jhamb Housing Market- BoC cuts interest Rate third consecutive time 0 Comment

Understanding Status Certificates: Definition and PurposeA status certificate is a crucial document in the realm of condominium ownership, serving as a comprehensive snapshot of a condominium corporation's financial and operational health. This certificate is typically prepared by the condominium corporation's management and is essential for potential buyers, as it provides vital informa...

Realm Tips & Tricks Part-2

Ritesh Jhamb 0 Comment

20 Aug 2024

Drop in Canada’s inflation rate to 2.5%

Ritesh Jhamb Bank of Canada announcements, House Prices, Housing Market- BoC cuts interest Rate third consecutive time, Interest Rates 0 Comment

Interest Rate cut & Housing Market The recent drop in Canada's inflation rate to 2.5%, the lowest since March 2021, has reinforced expectations of a potential interest rate cut by the Bank of Canada in September. For Ontario's housing market, this anticipated rate cut could have several significant impacts. Impact on Housing Demand Lower interest rates typically reduce the c...

What happens to housing market as Canada’s Unemployment Rate firm at 6.4%

Ritesh Jhamb Bank of Canada announcements, House Prices, Interest Rates 0 Comment

Canada’s unemployment rate held firm at 6.4 per cent in July amid a relatively steady month in the labour market. Statistics Canada said Friday that total employment was “little changed” last month. Some 2,800 jobs were lost in July, the agency said. That marks the second consecutive month of job losses for Canada after net 1,400 positions were lost in June. But overall, emp...