Toronto Loft Conversions

I know classic brick and beam lofts! From warehouses to factories to churches, Laurin will help you find your perfect new loft.

Modern Toronto Lofts

Not just converted lofts, I can help you find the latest cool and modern space. There are tons of new urban spaces across the city.

Unique Toronto Homes

Not just lofts, we can also help you find that perfect house. From the latest architectural marvel to a piece of our Victorian past, the best and most creative spaces abound.

Condos in Toronto

I started off selling mainly condos, helping first time buyers get a foothold in the Toronto real estate market. Now working with investors and helping empty nesters find that perfect luxury suite.

Toronto Real Estate

For all of your Toronto real estate needs, contact Laurin. I am dedicated to helping you find that perfect and unique new home to call your own.

 

Bank of Canada Announcement — Rates Remain Unchanged

PropertyWire.ca

Slow and steady wins the race was the message today from the Bank of Canada.

As expected- stability was the order of the day in Tuesday’s interest rate announcement.  Rates will remain unchanged- which will keep the status quo in terms of monetary stimulus.

The overnight rate will maintain its’ position at 1%. The Bank Rate is correspondingly 1 1/4 % and the deposit rate is 3/4%.

This maintenance plan is attributed to global economic recovery carrying ahead at a healthier pace than had previously been forecast. In the U.S., domestic demand has increased- and it expected to increase more with new stimulus to be offered soon. In Europe, growth has outpaced forecasts as well- although the region is the source of uncertainty- from a global perspective. These markets have begun to introduce measures to rectify this, so there is hope for stability.

On the domestic front, the Canadian economic recovery is continuing on much as had been expected. There are concerns, that have been voiced recently by various government agencies, about the overextension of household consumer debt, but the thinking is that the combination of low interest rates coupled with newly introduced lending restrictions will create a favourable environment for continued modest growth.

The Bank of Canada predicts for 2011 growth at a rate of 2.4% and 2.8% in 2012- with an expectation to return to full economic capacity by the end of 2012.

Inflation has not been a major factor as of yet, with prices remaining subdued, likely because of “considerable slack in the Canadian Economy.” Inflation is forecasted to reach a manageable 2% by 2012.

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Contact the Jeffrey Team for more information – 416-388-1960

Laurin & Natalie Jeffrey are Toronto Realtors with Century 21 Regal Realty.
They did not write these articles, they just reproduce them here for people
who are interested in Toronto real estate. They do not work for any builders.

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