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Government Proposes “Renter’s Bill of Rights” to Aid Young Canadians In Homeownership
Explore the government's proposal on the Renter's Bill of Rights. Designed to aid young renters in securing affordable housing, it promises many benefits including rental price history, aiming to tackle Canada's housing crisis.
Ontario Cottage Listings To Rise Before Capital Gains Tax Change
Recent changes to Canada’s capital gains tax have stirred concern among cottage owners, particularly in sought-after areas like Muskoka. The decision to increase the inclusion rate could have significant implications for the real estate market, impacting many investors and owners. Click for more!
Bank of Canada Cuts Interest Rate to 4.75% Amid Economic Changes
The Bank of Canada has cut its target for the overnight rate to 4.75%, aiming to stabilize the economy and manage the balance sheet. This is the Bank’s first rate cut since March 2020, and it signals some exciting changes ahead for the real estate market. But what does this mean for you? Click to read more!
$1.9M Luxury Penthouse In Markham Sells Way Below Under Listed Price
Is luxury living losing its allure? A Markham penthouse, featuring stunning views and lavish amenities, sells for $280,000 below its $2 million listing price. As the GTA real estate market evolves, demand and changing buyer preferences may have contributed to this unexpected price drop.
Canada's Inflation Rate Falls to 3-Year Low of 2.7%
In April 2024, Canada's annual inflation rate dropped to 2.7%, marking its lowest point in three years. Core inflation measures also continued to decline, raising the possibility of the Bank of Canada cutting interest rates in June. Click to read more!
One Of The Best Fitness and Kickboxing Gyms In Markham
Fight Fitness is one of the best kickboxing and fitness gyms in the city. This unique gym has quickly become a community favourite, known for its high-energy atmosphere, comprehensive fitness programs, and supportive environment. Fight Fitness is known for its innovative approach!
Markham Receives $58.8M From Government To Fast Track Home Building
Markham fast-tracks housing development with $58.8M boost from federal Housing Accelerator Fund. Over 1,640 new units planned in the next three years, part of a broader goal of 6,630 homes over a decade. Efforts aim to stabilize rental markets and increase access to affordable housing
Tesla Recalls Cybertruck’s Due to Faulty Accelerator Pedals
Tesla is recalling all 3,878 Cybertrucks delivered to date because of an issue with the accelerator pedal getting stuck, which could lead to crashes. The National Highway Traffic Safety Administration (NHTSA) announced the recall, marking a challenging week for Tesla. Earlier this week, Tesla laid off over 10% of its workforce and lost two top executives.
City of Markham Tax Increases By 2.99% to Fund New Community Infrastructure
Markham's 2024 budget includes a 2.99% property tax increase to fund infrastructure projects. Homeowners can expect to pay about $40 more annually. With a focus on maintaining high standards of living, Markham remains an attractive location for families and investments.
Canada’s Tallest Office Building Is Being Constructed In Downtown Toronto
Toronto's skyline is set to change with the upcoming 50-story CIBC Office Tower at 141 Bay Street, expected to be Canada's tallest office building. Designed by WilkinsonEyre and Adamson Associates, its unique steel frame allows for swift construction. With urban features like an elevated park and pedestrian bridge, the tower will reshape the city's financial district.