March 2020 RSS Feed

Found 5 blog entries for March 2020.

 

The last two weeks have ushered in a time of financial and public health uncertainty that’s unprecedented for many Canadians. As governments enact measures to keep the public safe from COVID-19 community spread, with the closing of schools, small businesses, and other non-essential services, many are questioning what the economic impact will be for all, from individuals to entire industries.

While we all do our part to “flatten the curve” by working remotely if possible, avoiding gathering in public, and going out only on a need-to basis, businesses that require an in-person approach are having to make drastic changes to continue to operate – and that includes the real estate industry.

The home buying and selling process typically requires…

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COVID-19 has hit 2020 like a wrecking ball, slowly making its way across borders. Social distancing has us all pressing pause, letting go of priorities in favour of time spent indoors, connected only though our screens. Alas, in the real estate market, even amid a global pandemic, there are still sellers who need to sell, and buyers who need to buy.

Lucky for us, in this age of technological glory, real estate agents have access to some great solutions to ensure that processes remain safe, and transactions can continue to take place. This too will pass, and in the meantime, we can all use a little creativity to ensure that our brief pauses don’t turn into a full stop.

Great News for Buyers

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The Bank of Canada (BoC) has announced an emergency rate cut to its trend-setting Overnight Lending Rate, as the Canadian government moves to reduce the economic repercussions of the COVID-19 pandemic. 

In an unscheduled announcement on March 13, the central bank revealed it was cutting its interest rate to 0.75% – the second 50-basis-point cut this month. BoC Governor Stephen Poloz stated it was a “proactive measure”, as the Canadian economy grapples with the impact of the virus, along with the social distancing measures now put in place to stop its spread. As well, recently plummeting oil prices contributed to the decision to slash the cost of borrowing.

“It is clear that the spread of the coronavirus is having serious consequences for…

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Bank of Canada Cuts Rate 0.5%

It appears lower mortgage rates are on the way – in its first downward movement since 2015, the Bank of Canada (BoC) has cut its trend-setting Overnight Lending Rate by 0.5% to 1.25%. That’s to an extent not seen since the 2008 – 2009 global financial crisis, and comes as a direct response to the economic fallout from the spread of the coronavirus COVID-19. 

The BoC says that while Canada’s economy has been performing well and that inflation remains on track, “the COVID-19 virus is a material negative shock to the Canadian and global outlooks and monetary and fiscal authorities are responding.”

Central Banks Around the World Responding to Virus Risk

The BoC’s cut comes…

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Living in a tiny home has its perks: it’s easier to housekeep, it has a charming, intimate feel, and it’s harder to lose stuff. On the downside, storage space is limited, and having many belongings can result in a cluttered look. You have to get creative and find all sorts of imaginative ways to store your possessions. 

Solutions do exist, and we’ve compiled a list of seven storage hacks that are both practical and stylish. They are also non-disruptive, so they are perfect even if you’re renting your apartment, or you don’t want to commit to a change in your home. 

Shoe Storage Benches

The first instinct when it comes to shoes is to hide them from sight. A different solution is to make them the focal point of your apartment’s entry hall. A…

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