While home buyers who need a mortgage often try to speed up their purchases if they think the central bank is set to hike interest rates, some sellers are also now watching the announcements to decide whether they should sell, and when.
The Bank of Canada’s next announcement is scheduled for Sept. 6 and some sellers are considering going to market immediately if it seems that rates will stay where they are or move higher, . Others will be watching for signals that the bank could begin cutting rates by the end of the year, which could make early 2024 a better time to list.Mom-and-pop shops are often the missing piece in building vibrant urban communities,
. While many developers are resistant to building smaller commercial units for independent retailers, this Calgary-area developer is embracing the opportunity to cater to small-scale businesses and breath new life into his city’s neighbourhoods.Canada’s leading nationally advertised rates barely moved this week.
Once two units, it is now a three-bedroom condo. The new rooms, which started out as offices, were turned into children’s bedrooms. The centerpiece of this home is a large chef’s kitchen, perfect for cooking and entertaining, that features a 120-bottle-wine fridge tucked beneath an enormous kitchen island. The loft’s master bedroom also has a walk-in closet and a large ensuite.