did Bank of Canada just held interest rates at 5%?

The Bank of Canada’s recent decision to maintain the benchmark interest rate at 5% reflects its ongoing efforts to carefully manage the country’s economic landscape. This move follows a period of cautious optimism and economic recovery from the global challenges posed by the COVID-19 pandemic.

By holding the interest rate steady, the Bank of Canada aims to strike a balance between supporting economic growth and managing inflationary pressures. A rate hike would have signaled a tightening of monetary policy, which can help combat inflation but could also potentially slow down economic activity. By keeping rates unchanged, the central bank is providing continued support to borrowers and businesses looking to invest and expand.

This decision comes after a series of rate hikes in recent months, as the Bank of Canada responded to rising inflationary concerns. The central bank’s mandate is to keep inflation within a target range, and recent increases in the inflation rate had prompted policymakers to take action.

Overall, the Bank of Canada’s decision to hold interest rates at 5% reflects its commitment to achieving a delicate balance between fostering economic growth and ensuring price stability in the face of ongoing economic uncertainties. It’s a signal that the central bank is closely monitoring economic conditions and is prepared to adjust its policy as needed to sustain Canada’s economic recovery.

exploring Toronto’s Waterfront wonders

Weekly Waterfront Wonders – Issue #11 – August 29, 2023

Greetings, waterfront enthusiasts! Welcome back to another edition of Weekly Waterfront Wonders, your go-to source for all things Toronto’s waterfront. As summer winds down, our city’s waterfront continues to offer a captivating blend of activities, culture, and relaxation.

Featured Event: Waterfront Arts & Music Festival

Mark your calendars for the upcoming Waterfront Arts & Music Festival, set to take place on August 25th and 26th. This two-day extravaganza will celebrate the city’s vibrant arts scene with live performances, art installations, and interactive workshops. From local musicians to international artists, this festival promises to be a feast for the senses.

Spotlight on Sustainability: Lake Cleanup Initiative

We’re excited to share that local environmental groups are joining forces for a massive lake cleanup initiative on September 2nd. Volunteers from all walks of life will gather at various waterfront locations to help preserve the beauty of our shores. Let’s work together to keep our waters clean and safe for generations to come!

Hidden Gem: Trillium Park and William G. Davis Trail

This week, we’re uncovering a hidden gem nestled along the waterfront: Trillium Park and William G. Davis Trail. Offering a serene escape from the urban bustle, the park features lush green spaces, walking trails, and stunning lake views. It’s the perfect spot for picnics, yoga sessions, or simply unwinding with a book.

Culinary Delights: Lakeside Dining Adventures

Are your taste buds ready for an adventure? Discover Toronto’s burgeoning lakeside dining scene. From upscale seafood bistros to charming cafes with waterfront patios, you’ll find an array of culinary options that blend exquisite flavors with breathtaking vistas. Treat yourself to a gastronomic journey by the water’s edge.

Community Corner: Waterfront Yoga Meetup

Find your Zen with the Waterfront Yoga Meetup every Saturday morning at Sugar Beach. Join like-minded individuals for a rejuvenating yoga session, set against the backdrop of Lake Ontario. Whether you’re a seasoned yogi or new to the practice, this gathering is a wonderful way to connect with nature and fellow enthusiasts.

That’s a wrap for this week’s edition of Weekly Waterfront Wonders. As we savor the final weeks of summer, let’s make the most of Toronto’s enchanting waterfront. Until next week, stay inspired by the waves and the beauty they bring to our city.

Warm regards, The Weekly Waterfront Wonders Team

embracing Waterfront living in Toronto: a serene urban escape

Living on Toronto’s waterfront offers a unique blend of urban sophistication and tranquil natural beauty. The allure of lakeside living is undeniable, as it provides residents with a front-row seat to stunning sunrises, calming waves, and a plethora of recreational opportunities.

Renting a home on the waterfront means waking up to breathtaking lake views, where the city’s skyline meets the water’s edge. Imagine strolling along picturesque boardwalks, enjoying morning runs on scenic trails, and relishing the convenience of having waterfront parks right at your doorstep. From kayaking and paddleboarding to simply basking in the sun, the possibilities for outdoor enjoyment are boundless.

Dining takes on a new dimension as waterfront eateries offer not only delectable cuisine but also unparalleled views. Imagine savoring a gourmet meal while gazing out over the shimmering waters of Lake Ontario. Beyond the aesthetics, the waterfront also boasts a vibrant community spirit, with regular events, festivals, and meetups that foster a sense of belonging among residents.

While renting on the waterfront may come with a premium, the experience of immersing oneself in a serene urban escape is undoubtedly worth it. From the rhythmic lapping of waves to the ever-changing interplay of light and water, living on Toronto’s waterfront is an invitation to harmonize with the city’s natural beauty and indulge in a lifestyle that seamlessly intertwines modern living with nature’s wonders.

toronto makes international headlines AGAIN

Each year, the City of Toronto is ranked among the best in the world for everything from quality of life to economic and educational opportunities. Recently, the international consulting firm Kearney published its annual Global Cities Outlook and Global Cities Index: New priorities for a new world ( 

The Global Cities Outlook, which predicts a city’s potential based on personal well-being, economics, innovation and governance, ranks Toronto the second-fastest city on the rise in the world. Only London ranked higher. Of particular interest is the fact that from 2019, Toronto jumped nine spots to second place. In the report, this is credited to “… a large upswing in innovation and continued strong governance.” In addition, Toronto was the only North American city in the top 10. This snapshot of global cities reflects their potential to attract talent, grow economically, become increasingly competitive and encourage stability and security.

To those of us who live in Toronto, these findings are no surprise. We are fortunate to live in a city teeming with opportunities, all the while being safe by international standards. For many immigrants, this is a major draw. 

The Global Cities Index looks at where cities stood just before the COVID crisis began, and Toronto ranked 19th overall out of 151 cities. Again, it’s easy to understand why, when we have so much going for us here. Owning real estate in Toronto will always be a great lifestyle and financial investment. I can help you find just the right residence for your needs. 

where to shop on queens quay, Toronto waterfront

Couture Vision – 228 Queens Quay West – This high-end optical boutique is situated across from Harbourfront. Enjoy a personal luxury shopping experience and select from unique and trendy collections.

we’re always adding here as things change. Please tell us about your favourite shops as well.

180 Smoke Vape Store – 228 Queens Quay West – Find a wide selection of popular name-brand vapes including starter and advanced kits, tanks, mods, e-cigars, portable and desktop herbal vaporizers, plus a variety of Canadian e-liquid. 

Dream Cyclery – 390 Queens Quay West – This premium independent bike shop is dedicated to tailor-made experiences for all customers, from inspection and service to the completed bike – with a unique delivery and pick-up service available. 

Harbour Square Postal and Gift – 25 Queens Quay East – A convenience store with fine foods and a postal office – how convenient is that?

INS Market – 208 Queens Quay – A true “variety store,” INS carries everything from gum, chocolate, chips and drinks, to lottery tickets, gift cards and more.

Labatt Breweries Ontario – 207 Queens Quay West – This internationally renowned brewer offers a portfolio of about 60 quality beers employs 3,000 Canadians across the Western, Ontario, Quebec and Atlantic regions. Part of Anheuser-Busch InBev, which brews more than 200 brands including Budweiser, Stella Artois and Beck’s. 

Lakeview Convenience – 410 Queens Quay West – Convenience is the key word for this store in the central waterfront, offering home hardware products, food, courier service and even rental DVDs.

Rexall Drugstore – 88 Queens Quay West – This Canadian pharmacy drug store chain is also where you can find cosmetics, beauty supplies, personal care products and more!

The Beer Store – 350 Queens Quay West – In business since 1927 and owned by 25 Ontario-based brewers, this chain carries the largest selection of beer in Ontario from 100 breweries around the world.

The Dock Shoppe – 350 Queens Quay West – Attention boaters! This store has everything to help you get and stay on the water safely and comfortably – oh, and in style!

The Nautical Mind Bookstore – 249 Queens Quay West – This well-established store carries books focusing on nautical and marine literature for active and would-be boaters.

The Wine Shop – 228 Queens Quay West – Considered the gateway to Niagara wines in Toronto, The Wine Shop carries premium VQA wines from several wineries. They can help you find or locate the perfect wine to pair with your menu.

York Quay Fine Foods – 89 Queens Quay West – This is your one-stop shop for everything from groceries to a sushi bar, post office service and more – AND, it’s open 365 days a year!

housing shortfall across Toronto and the GTA

The quest for affordable housing in Toronto and the Greater Toronto Area is ongoing. In December 2010, the benchmark price for low-rise homes in the GTA was $536,537, and of condos, $428,800. The latest statistics from Altus Group show that in January 2021, the benchmark price for new single-family homes reached $1,362,952 – up 24.2 per cent over the previous 12 months. The benchmark price of new condominiums was $1,021,017 – up 10.4 per cent over the previous 12 months. Who would have thought we’d ever see these benchmarks in our lifetime? 

So, what gives? It’s all about the rule of supply and demand. A Ryerson University study showed that in 2018, Toronto experienced some of the highest net population growth in North America, with 77,000 people settling in the city, and a total of 125,000 in the GTA. Yet, the new home industry built just 35,000 homes across Toronto and the GTA. Then consider locations. Developable land in the City of Toronto is scarce, so we have seen an explosion of condominiums in the 905 areas. According to Dave Wikes, BILD President and CEO, for a new home market to be healthy, we need nine to 12 months of inventory, but we currently have only about four months’ worth. 

In short, our population is increasing faster than new homes are being built, and prices continue to rise. If you’re thinking, well, then build more homes – it’s not quite that easy. The government requires an unprecedented amount of red tape, paperwork and development charges that add somewhere in the vicinity of tens of thousands of dollars to the cost of a home. Of course, it’s purchasers who pay the price for this. Add to that the dwindling supply of lumber in Canada, and rising prices are inevitable. Delays because of the lumber shortage add costs to building. Other materials shortages are taking their toll as well. 

What’s the answer? Governments need to take more dramatic steps to streamline the approvals process for residential building, as well as normalize supply chains that have been bogged down from the pandemic, which is still wrecking havoc with our economy. The introduction of the vaccine will help, of course, but it will take time. Depending on how things play out, Canada may see 1.2 million permanent residents added to our population between now and 2024, and many will settle in Toronto and the GTA. 

The good news is that mortgage interest rates are still incredibly low. Now is a great time to get into real estate as an investment, whether it is for your financial portfolio or to live in. Don’t you wish you’d have bought a new condo in 2010?

recent announcement by bell canada and the canadian government widens the appeal of condos in hamilton

There are a lot of reasons to choose the City of Hamilton as your residential destination: breathtaking scenery, job opportunities, excellent golfing, shopping, schools, cultural venues, public transportation access, and attractive home and condominium prices, to name just a few. And now, with the announcement of the $400 million infrastructure investment by Bell Canada, add expanded broadband Internet access in urban and rural areas to the list. Over the next five years, Bell Canada will be installing fibre network connections to homes and businesses to benefit over 200,000 locations. And all of this will be done without taxing residents more. 

Those who benefit from this expanded network will enjoy accessing up to 1.5 gigabits per second, the fastest in Canada. Whether you depend on the net for business reasons or to surf and play games, this might be the game-changer when it comes to your new condo purchase decision. 

From the forests, conservation areas, waterfalls and Bruce Trail segment of the Niagara Escarpment to the factories that make Hamilton one of Canada’s leading industrial centres, the City is teeming with excitement and opportunities. The Conference Board of Canada has ranked Hamilton the top Canadian city for economic diversity. New restaurants, stores and other amenities are popping up as Hamilton’s population increases. Downtown, creative professionals and young people appreciate the reasonable rents they find there, making owning a condo as an investment a wise more. All residents appreciate having McMaster University in town, considering its faculty of medicine is ranked #2 in Canada’s top 40 research hospitals list. Golfing, festivals, events, museums, sports fields, a Farmers’ Market, artistic and cultural venues … the list of amenities is long and impressive.

And talk about location, location, location. Hamilton is about an hour and 15 minutes’ drive to Toronto, as well as under two hours from the U.S. border at Buffalo, NY. Being a port City, it boasts a beautiful waterfront. Among the transportation options you’ll find in Hamilton are bike-share and car-share possibilities. 

The Bell Canada investment will be the biggest digital infrastructure investment in Hamilton’s history. Whether it’s for an investment or to live in, buy your condo now before prices rise across the City.

What is a pre construction condo worksheet?

A worksheet is an industry term used for a “Suite Reservation Form” 

– reserving the unit or one similar that you want to buy.


When a condominium project launches sales – developers will ask buyers to complete a Worksheet which indicates the following:

• Your Full Name 

• Home Address

• Main phone number

• Your top 3 Suite floor plan types and which Floor Ranges that you would be interested in buying 

• A copy of your ID (typically a Driver’s License for local buyers) to confirm accuracy of contact information

The developers will then organize the list of condos and allocate suites based on the requests on the Worksheet.

Once you have been allocated a suite, you will be contacted with a time to sign the agreement.

We personally guarantee that you pay nothing to submit a Condo Worksheet.


If you don’t submit a Condo Worksheet you simply … miss out on being allocated a condo to buy.

welcome to canary district

canary district
18 acre corktown park

With its beginnings as host to the 2015 Pan/Parapan Am Games Athletes Village, the 35-acre master-planned Canary District, in the West Don Lands, is now bringing new energy and vitality to Toronto’s downtown east. Home to the 82,000 sqft. Cooper Koo Family YMCA, George Brown College’s first student residence, residential buildings and the health-focused, vibrant Front Street Promenade, Canary District is an active and growing community. Connected to the 18-acre Corktown Common park, trails, neighbouring Distillery District, Leslieville and downtown Toronto, Canary District is the perfect address to live, work, shop and play. 

With the new addition of Canary Block, Canary Commons, and now Canary House, – it is the ideal time to call Canary District home.

Ask me how.

TEXT (647) 832-0332