Central bank outlook: The Bank of Canada is expected to keep the overnight rate steady at 2.75% on July 30, with potential rate cuts later this year (possibly September)
What is Capital Gains?
Capital gains is the profit you make when you sell something (like real estate, stocks, or other investments) for more than what you paid for it.
In Canada:
50% of your capital gain is taxable.
So if you make a $500 capital gain, $250 is added to your income and taxed at your marginal tax rate.
Ontario Real Estate Update – Feb 2025
Avg home price: $848K (-2.9% YoY, +1.7% MoM)
GTA: $1.08M (-2.2% YoY, +4.2% MoM)
Buyer’s market with low sales & high listings (SNLR: 39%)
Ottawa & London ⬆️ GTA & Hamilton ⬇️
Trump revokes legal status for 530,000 migrants from Cuba, Haiti, Nicaragua & Venezuela ending Biden-era parole program. Deportation risk looms as DHS tightens immigration. Ukrainians may be next. 🇺🇸⚖️ #Immigration#Trump
Apples Mac Studio with the M3 Ultra chips aren’t much faster than the M4 Max. There are two M4 Max chips in one Ultra chip and it’s just barely 1.5x faster.
For most power users the M4 Max is more than enough imo
Toronto Real Estate Market Update – Feb 2025 📉
Sales down 27.4% YoY (4,037 homes sold)
Listings up 5.4% (12,066 new listings)
Avg. price: $1.08M (-2.2% YoY)
Condo sales down 25%, avg. price $710K (-2%)
Will the spring rush lift the market back up on it's feet?
Mark Carney has officially been sworn in as Canada’s new Prime Minister!
As he takes office, he faces major challenges, including economic concerns and managing relations with the U.S. under Trump.
Big days ahead for Canada! Let’s see how this plays out.
BREAKING: The Bank of Canada cuts interest rates by 25bps to 2.75%, marking the 7th cut in 9 months (total -225bps).
Move aims to counter U.S. tariffs on 🇨🇦 steel & aluminum.
BoC warns of inflation risks but pledges cautious future moves.
BREAKING: Trump doubles tariffs on Canadian steel & aluminum to 50%, sparking market chaos.
Dow drops 600 pts , aluminum prices hit record highs.
More tariffs on autos & dairy may be coming.