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Tuesday , 27 January 2015
  • Banks say no rate cuts coming, but do they mean it?

    Banks say no rate cuts coming, but do they mean it?

    Canada’s banks don’t change their prime lending rate often. The current prime rate of 3 per cent has been in place for more than four years. Now that the country’s central bank has surprised everyone and cut its overnight rate by 25 basis points, to 0.75 per cent, the big question is whether the charter banks will follow suit. The banks have admitted to being blindsided by the Bank of Canada’s move. All talk for the past two years or more had been of an inevitable rate hike. The CEO of the Royal Bank of Canada said in the Financial Post that he, “like the others,” was “completely caught off guard” by the BOC’s move. Nobody in the banking sector seems to have seen it coming, but no one saw the crash in oil prices coming either. A Bloomberg poll of economists earlier this month found no one predicting a ... Read More »
  • Grand Opening for Aquavista, fabulous resort-like waterfront condos

    Grand Opening for Aquavista, fabulous resort-like waterfront condos

    Water-loving Torontonians in search of a home have a unique opportunity in the new Aquavista condominiums now in Grand Opening phase at Tridel. The architecturally distinctive and, for Toronto, quite rare new waterfront community will rise on the edge of Lake Ontario, affording a resort-like ambiance and gorgeous lake views just a streetcar ride from downtown Toronto. Aquavista at Bayside is the inspired result of a collaboration between four key players: Waterfront Toronto, which is developing and refurbishing the entire waterfront from Bathurst to Parliament Streets; Hines International real estate developers; Tridel, the GTA’s leading condo builder; and the Miami-based architectural firm, Arquitectonica. Hines is serving as the master planner for a thirteen-acre mixed-use development known as Bayside, and Tridel was chosen to create the first residential construction for the new community. Aquavista is the second condo development to be announced, following Tridel’s earlier Aqualina, which sits next to it. ... Read More »

Recent Posts

  • Ontario the winner in the cheap-oil economy: TD

    Ontario the winner in the cheap-oil economy: TD

    Canada’s banks are beginning to clarify their positions on the economy in the wake of the worldwide collapse of oil prices and the Bank of Canada’s cut in its interest rate. That drop in oil prices has gone deeper and longer than anyone predicted, TD Economics says in an update. While commodity prices can be volatile, often rebounding quickly after big plunges, TD says it doesn’t see that happening this time. Low oil prices, like low interest rates and a low loonie, will be with us for a while. The “silver lining” is that inflation will drop too. After initially expressing surprise at the Bank of Canada’s decision to cut its overnight rate to 0.75 per cent, TD now says there will probably be anther cut in March. Canada’s economy will grow significantly less than the bank forecast just last December. Output will drop from a projected 2.3 per cent ... Read More »
  • Rooftop solar pays off for homeowners: study

    Rooftop solar pays off for homeowners: study

  • CP forms new company to develop huge real estate holdings

    CP forms new company to develop huge real estate holdings

  • Banks say no rate cuts coming, but do they mean it?

    Banks say no rate cuts coming, but do they mean it?

  • Ransomware making the rounds again: back up!

    Ransomware making the rounds again: back up!

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