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Open House. Open House on Saturday, June 21, 2025 2:00PM - 4:00PM

Please visit our Open House at 4 425 Keats Way in Waterloo. See details here

Open House on Saturday, June 21, 2025 2:00PM - 4:00PM

Welcome to 4-425 Keats Way—an ideal opportunity for first-time buyers, young families, couples, or savvy investors looking to secure a property in one of Waterloo’s most sought-after neighbourhoods. This spacious 3-storey townhouse condo offers 3 bedrooms, 2 bathrooms, and an attached garage, all nestled within a well-managed Condominium Corporation in the heart of West Waterloo’s desirable Beechwood/University district. Step inside to find a bright and functional layout, with recent mechanical updates offering peace of mind for years to come. The freshly updated kitchen features brand-new appliances, making meal prep a breeze. Whether you're relaxing in the living room, working from home, or entertaining guests, the space feels welcoming and versatile. Upstairs, the bedrooms are generously sized, perfect for a growing family, roommates, or even a home office setup. Additional living space on the upper level adds flexibility—think media room, playroom, or quiet retreat. Located just minutes from both University of Waterloo and Wilfrid Laurier University, shopping, transit, and beautiful green spaces—this is a smart choice for homeowners and investors alike. Don’t miss your chance to view this standout condo in a prime location!

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Open House. Open House on Sunday, June 22, 2025 2:00PM - 4:00PM

Please visit our Open House at 4 425 Keats Way in Waterloo. See details here

Open House on Sunday, June 22, 2025 2:00PM - 4:00PM

Welcome to 4-425 Keats Way—an ideal opportunity for first-time buyers, young families, couples, or savvy investors looking to secure a property in one of Waterloo’s most sought-after neighbourhoods. This spacious 3-storey townhouse condo offers 3 bedrooms, 2 bathrooms, and an attached garage, all nestled within a well-managed Condominium Corporation in the heart of West Waterloo’s desirable Beechwood/University district. Step inside to find a bright and functional layout, with recent mechanical updates offering peace of mind for years to come. The freshly updated kitchen features brand-new appliances, making meal prep a breeze. Whether you're relaxing in the living room, working from home, or entertaining guests, the space feels welcoming and versatile. Upstairs, the bedrooms are generously sized, perfect for a growing family, roommates, or even a home office setup. Additional living space on the upper level adds flexibility—think media room, playroom, or quiet retreat. Located just minutes from both University of Waterloo and Wilfrid Laurier University, shopping, transit, and beautiful green spaces—this is a smart choice for homeowners and investors alike. Don’t miss your chance to view this standout condo in a prime location!

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Open House. Open House on Saturday, June 21, 2025 2:00PM - 4:00PM

Please visit our Open House at 48 Ellis Avenue in Kitchener. See details here

Open House on Saturday, June 21, 2025 2:00PM - 4:00PM

Welcome to 48 Ellis Avenue, Kitchener Zoned RES-4 | Room to Grow | Live, Rent, or Build Looking for a move-in ready home with major upside? A charming 1.5-storey home on a generous lot in a central Kitchener neighbourhood. Whether you're an investor, multi-gen family, or savvy buyer with big dreams, this property checks a lot of boxes. 2+1 Bedrooms | 2.5 Bathrooms | Detached Garage | Large Yard Here’s what you’ll love: Two bright bedrooms upstairs and a third bedroom in the finished basement—perfect for guests, teens, or tenants Separate side entrance leads directly to the basement—ideal setup for a future in-law suite or mortgage helper 3 bathrooms total: a 3-piece upstairs, a 2-piece on the main, and another 3-piece in the basement Lower-level kitchenette with bonus fridge—great for extended family or future in-law suite potential Detached garage and ample driveway parking Fresh and clean throughout, with neutral finishes and ready-for-you vibes Large backyard—ideal for entertaining, gardening, or future development Zoning: RES-4 – This is where it gets exciting! This property is zoned to allow up to 4 Additional Dwelling Units (ADUs). That means real potential to add value, create passive income, or build a flexible multi-unit living solution. 48 Ellis Avenue isn't just a home—it's a launching pad. Whether you're buying your first property, house-hacking, or setting up your investment future, this home offers location, layout, and long-term value potential. Curious about the possibilities? Call or text your REALTORS®

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Open House. Open House on Sunday, June 22, 2025 2:00PM - 4:00PM

Please visit our Open House at 48 Ellis Avenue in Kitchener. See details here

Open House on Sunday, June 22, 2025 2:00PM - 4:00PM

Welcome to 48 Ellis Avenue, Kitchener Zoned RES-4 | Room to Grow | Live, Rent, or Build Looking for a move-in ready home with major upside? A charming 1.5-storey home on a generous lot in a central Kitchener neighbourhood. Whether you're an investor, multi-gen family, or savvy buyer with big dreams, this property checks a lot of boxes. 2+1 Bedrooms | 2.5 Bathrooms | Detached Garage | Large Yard Here’s what you’ll love: Two bright bedrooms upstairs and a third bedroom in the finished basement—perfect for guests, teens, or tenants Separate side entrance leads directly to the basement—ideal setup for a future in-law suite or mortgage helper 3 bathrooms total: a 3-piece upstairs, a 2-piece on the main, and another 3-piece in the basement Lower-level kitchenette with bonus fridge—great for extended family or future in-law suite potential Detached garage and ample driveway parking Fresh and clean throughout, with neutral finishes and ready-for-you vibes Large backyard—ideal for entertaining, gardening, or future development Zoning: RES-4 – This is where it gets exciting! This property is zoned to allow up to 4 Additional Dwelling Units (ADUs). That means real potential to add value, create passive income, or build a flexible multi-unit living solution. 48 Ellis Avenue isn't just a home—it's a launching pad. Whether you're buying your first property, house-hacking, or setting up your investment future, this home offers location, layout, and long-term value potential. Curious about the possibilities? Call or text your REALTORS®

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Open House. Open House on Saturday, June 21, 2025 2:00PM - 4:00PM

Please visit our Open House at 416 Forestlawn Road in Waterloo. See details here

Open House on Saturday, June 21, 2025 2:00PM - 4:00PM

Welcome to 416 Forestlawn Road in Waterloo! This charming 4-bedroom, 2.5-bathroom detached home with over 2300 sqft of finished living space is the perfect blend of modern updates and classic comfort. Nestled in a family-friendly neighbourhood just minutes from schools, shopping, and transit, this home offers convenience and community. Step inside to discover a bright, open-concept main floor with updated flooring, large windows, and a fresh, functional kitchen featuring easy to work at countertops and ample cabinetry. The spacious living and dining areas make entertaining a breeze, while still offering cozy spaces for day-to-day living. Upstairs, you’ll find three generously sized bedrooms (primary on the main level) and a 4-piece bath—perfect for families or those needing extra room to work from home. The unspoiled basement provides additional living space you can customize with a cold cellar, 3-piece bathroom roughed-in and ample room for storage. Outside, enjoy a large, fully fenced backyard complete with gazebo—ideal for kids, pets, or summer BBQs. With a private driveway, mature trees, and excellent curb appeal, this home is move-in ready and waiting for you. With an underground sprinkler system you will be sure to have lush green grass year round! Don't miss your chance to get into a fantastic Waterloo neighbourhood—book your showing today!

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Open House. Open House on Sunday, June 22, 2025 2:00PM - 4:00PM

Please visit our Open House at 416 Forestlawn Road in Waterloo. See details here

Open House on Sunday, June 22, 2025 2:00PM - 4:00PM

Welcome to 416 Forestlawn Road in Waterloo! This charming 4-bedroom, 2.5-bathroom detached home with over 2300 sqft of finished living space is the perfect blend of modern updates and classic comfort. Nestled in a family-friendly neighbourhood just minutes from schools, shopping, and transit, this home offers convenience and community. Step inside to discover a bright, open-concept main floor with updated flooring, large windows, and a fresh, functional kitchen featuring easy to work at countertops and ample cabinetry. The spacious living and dining areas make entertaining a breeze, while still offering cozy spaces for day-to-day living. Upstairs, you’ll find three generously sized bedrooms (primary on the main level) and a 4-piece bath—perfect for families or those needing extra room to work from home. The unspoiled basement provides additional living space you can customize with a cold cellar, 3-piece bathroom roughed-in and ample room for storage. Outside, enjoy a large, fully fenced backyard complete with gazebo—ideal for kids, pets, or summer BBQs. With a private driveway, mature trees, and excellent curb appeal, this home is move-in ready and waiting for you. With an underground sprinkler system you will be sure to have lush green grass year round! Don't miss your chance to get into a fantastic Waterloo neighbourhood—book your showing today!

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New property listed in 114 - Uptown Waterloo/North Ward, 1 - Waterloo East

I have listed a new property at 48 Ellis Avenue in Kitchener. See details here

Welcome to 48 Ellis Avenue, Kitchener Zoned RES-4 | Room to Grow | Live, Rent, or Build Looking for a move-in ready home with major upside? A charming 1.5-storey home on a generous lot in a central Kitchener neighbourhood. Whether you're an investor, multi-gen family, or savvy buyer with big dreams, this property checks a lot of boxes. 2+1 Bedrooms | 2.5 Bathrooms | Detached Garage | Large Yard Here’s what you’ll love: Two bright bedrooms upstairs and a third bedroom in the finished basement—perfect for guests, teens, or tenants Separate side entrance leads directly to the basement—ideal setup for a future in-law suite or mortgage helper 3 bathrooms total: a 3-piece upstairs, a 2-piece on the main, and another 3-piece in the basement Lower-level kitchenette with bonus fridge—great for extended family or future in-law suite potential Detached garage and ample driveway parking Fresh and clean throughout, with neutral finishes and ready-for-you vibes Large backyard—ideal for entertaining, gardening, or future development Zoning: RES-4 – This is where it gets exciting! This property is zoned to allow up to 4 Additional Dwelling Units (ADUs). That means real potential to add value, create passive income, or build a flexible multi-unit living solution. 48 Ellis Avenue isn't just a home—it's a launching pad. Whether you're buying your first property, house-hacking, or setting up your investment future, this home offers location, layout, and long-term value potential. Curious about the possibilities? Call or text your REALTORS®

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Open House. Open House on Saturday, June 14, 2025 1:00PM - 4:00PM

Please visit our Open House at 416 Forestlawn Road in Waterloo. See details here

Open House on Saturday, June 14, 2025 1:00PM - 4:00PM

Welcome to 416 Forestlawn Road in Waterloo! This charming 4-bedroom, 2.5-bathroom detached home with over 2300 sqft of finished living space is the perfect blend of modern updates and classic comfort. Nestled in a family-friendly neighbourhood just minutes from schools, shopping, and transit, this home offers convenience and community. Step inside to discover a bright, open-concept main floor with updated flooring, large windows, and a fresh, functional kitchen featuring easy to work at countertops and ample cabinetry. The spacious living and dining areas make entertaining a breeze, while still offering cozy spaces for day-to-day living. Upstairs, you’ll find three generously sized bedrooms (primary on the main level) and a 4-piece bath—perfect for families or those needing extra room to work from home. The unspoiled basement provides additional living space you can customize with a cold cellar, 3-piece bathroom roughed-in and ample room for storage. Outside, enjoy a large, fully fenced backyard complete with gazebo—ideal for kids, pets, or summer BBQs. With a private driveway, mature trees, and excellent curb appeal, this home is move-in ready and waiting for you. With an underground sprinkler system you will be sure to have lush green grass year round! Don't miss your chance to get into a fantastic Waterloo neighbourhood—book your showing today!

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Open House. Open House on Sunday, June 15, 2025 1:00PM - 4:00PM

Please visit our Open House at 416 Forestlawn Road in Waterloo. See details here

Open House on Sunday, June 15, 2025 1:00PM - 4:00PM

Welcome to 416 Forestlawn Road in Waterloo! This charming 4-bedroom, 2.5-bathroom detached home with over 2300 sqft of finished living space is the perfect blend of modern updates and classic comfort. Nestled in a family-friendly neighbourhood just minutes from schools, shopping, and transit, this home offers convenience and community. Step inside to discover a bright, open-concept main floor with updated flooring, large windows, and a fresh, functional kitchen featuring easy to work at countertops and ample cabinetry. The spacious living and dining areas make entertaining a breeze, while still offering cozy spaces for day-to-day living. Upstairs, you’ll find three generously sized bedrooms (primary on the main level) and a 4-piece bath—perfect for families or those needing extra room to work from home. The unspoiled basement provides additional living space you can customize with a cold cellar, 3-piece bathroom roughed-in and ample room for storage. Outside, enjoy a large, fully fenced backyard complete with gazebo—ideal for kids, pets, or summer BBQs. With a private driveway, mature trees, and excellent curb appeal, this home is move-in ready and waiting for you. With an underground sprinkler system you will be sure to have lush green grass year round! Don't miss your chance to get into a fantastic Waterloo neighbourhood—book your showing today!

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New property listed in 120 - Lexington/Lincoln Village, 1 - Waterloo East

I have listed a new property at 416 Forestlawn Road in Waterloo. See details here

Welcome to 416 Forestlawn Road in Waterloo! This charming 4-bedroom, 2.5-bathroom detached home is the perfect blend of modern updates and classic comfort. Nestled in a family-friendly neighbourhood just minutes from schools, shopping, and transit, this home offers convenience and community. Step inside to discover a bright, open-concept main floor with updated flooring, large windows, and a fresh, functiional kitchen featuring easy to work at countertops and ample cabinetry. The spacious living and dining areas make entertaining a breeze, while still offering cozy spaces for day-to-day living. Upstairs, you’ll find three generously sized bedrooms (primary on the main level) and a 4-piece bath—perfect for families or those needing extra room to work from home. The unspoiled basement provides additional living space you can cutomize with a cold cellar, 3-piece bathroom roughed-in and ample room for storage. Outside, enjoy a large, fully fenced backyard complete with gazebo—ideal for kids, pets, or summer BBQs. With a private driveway, mature trees, and excellent curb appeal, this home is move-in ready and waiting for you. With an underground sprinkler system you will be sure to have lush green grass year round! Don't miss your chance to get into a fantastic Waterloo neighbourhood—book your showing today!

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Bank of Canada Holds Rates Steady for the Second Consecutive Meeting--But Two More Rate Cuts Are Likely This Year
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Bank of Canada Holds Rates Steady for the Second Consecutive Meeting--But Two More Rate Cuts Are Likely This Year
As expected, the Bank of Canada held its benchmark interest rate unchanged at 2.75% at today's meeting, the second consecutive rate hold since the Bank cut overnight rates seven times in the past year. The governing council noted that the unpredictability of the magnitude and duration of tariffs posed downside risks to growth and lifted inflation expectations, warranting caution regarding the continuation of monetary easing.

The gap between the 2.75% overnight policy rate in Canada and the 4.25-4.50% policy rate in the US is historically wide. Another cause of uncertainty is the fiscal response to today's economic challenges. If the Big Beautiful Bill, now under consideration in the Senate, survives, the US is slated to run unprecedented budget deficits. The Congressional Budget Office estimates it would add roughly US$4 trillion to the already burgeoning federal government's red ink. This has caused a year-to-date rise in longer-term bond yields, steepening the yield curve. 

Uncertainty remains high, and the US President just doubled the tariff on steel and aluminum to 50%, which could halt Canadian metals exports to the US. Last week's release of the first quarter GDP report at 2.2% annualized growth was stronger than expected as exports and inventories surged before the tariffs. Final domestic demand in Canada was flat.  More recent data showed considerable weakness, especially in labour and housing markets. Consumer spending has also slowed sharply.

In today's press conference opening comments, Governor Macklem said, "The extreme financial turmoil we saw in April has moderated, and stock markets have recovered their losses. However, the outcomes of the trade negotiations are highly uncertain. Tariffs are well above their levels at the beginning of 2025, and new trade actions are still being threatened. The recent further increases in US tariffs on steel and aluminum underline the unpredictability of US trade policy." 

"So far, the US economy has proven resilient. Imports were strong as businesses tried to get ahead of tariffs, and that pulled down first-quarter US GDP. But domestic demand remained relatively strong. Early indicators for the second quarter suggest a rebound in growth as imports fall back and domestic demand continues to expand.

The flip side of the strength in US imports was a surge in Canadian exports. This boosted first-quarter GDP growth in Canada, which came in at 2.2%, slightly stronger than the Bank had forecast.

The labour market has weakened, with job losses concentrated in trade-intensive sectors. The unemployment rate rose to 6.9% in April. So far, employment has held up across sectors less exposed to trade. However, businesses generally tell the central bank they plan to scale back hiring.

The pull forward in exports and inventory accumulation in the first quarter borrows economic strength from the future, so the second quarter is expected to be much weaker. Canadian families and businesses' spending has shown some resilience in the face of US tariffs and heightened uncertainty. But they will likely remain cautious, suggesting domestic spending will remain subdued.

Inflation excluding taxes was 2.3% in April, slightly more substantial than the Bank had expected and up from 2.1% in March. The Bank’s preferred measures of core inflation and other measures of underlying inflation moved up in April. There is some unusual volatility in inflation, but these measures suggest underlying inflation could be firmer than we thought. Higher core inflation can be partly attributed to higher goods prices, including food, and may reflect the effects of trade disruption. Many businesses report higher costs for finding alternative suppliers and developing new markets. The Bank will be closely watching measures of underlying inflation to gauge how inflationary pressures are evolving.

The Bank is also monitoring inflation expectations closely. In April, we reported that consumers and businesses expected prices to rise due to tariffs, while longer-term inflation expectations remained well anchored. Recent surveys continue to show consumers bracing for higher prices, and many businesses say they intend to pass on tariff costs.

Governing Council will continue to assess the timing and strength of the downward pressure on inflation from a weaker economy and the upward pressure on inflation from higher costs.

At this decision, there was a consensus to hold the policy unchanged as we gain more information. The BoC also discussed the path ahead for the policy interest rate. Here, there was more diversity of views. On balance, members thought there could be a need for a reduction in the policy rate if the economy weakens in the face of continued US tariffs and uncertainty, and cost pressures on inflation are contained
Bottom Line 

We expect the Canadian economy to post a small negative reading (-0.5%) in both Q2 and Q3, bringing growth for the year to 1.2%, just one tick above the recently released OECD forecast for Canada. The next Governing Council decision date is July 30, which will give the  Bank time to assess the underlying momentum in inflation and the dampening effect of tariffs on economic activity. 

If inflation slows over the next couple of months—we get two CPI releases and two jobs reports before the next meeting—and the economy slows in Q2 and Q3 as widely expected, the Bank will likely cut rates two more times this year, bringing the overnight rate down to 2.25%. 
Dr. Sherry Cooper
Chief Economist, Dominion Lending Centres
drsherrycooper@dominionlending.ca

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Economic Insights from Dr. Sherry Cooper

Economic Insights from Dr. Sherry Cooper

 

The Trump tariff mayhem has significantly impacted the Canadian economy and financial markets. Since the February tariff threats and the on-again, off-again nature of the policy changes, consumer and business confidence have tumbled while inflation expectations have surged.

 

 

Short- and long-term interest rates have increased considerably as bond vigilantes have sold US Treasury bonds for fear of mounting inflation. Another big boost to interest rates is the vast and rapidly growing surge in the US government's net federal debt to GDP ratio, which will only rise sharply further with the current tax bill under debate in the US House of Representatives.

China has been a primary net seller of US Government bonds, increasing interest rates. No wonder the Fed is reluctant to ease monetary policy, and US rates are at record spreads vis-à-vis Canada.

Canadian labour markets have weakened considerably, and the US-tariff-related layoffs have already begun. The jobless rate rose to 6.9% in April, portending a coming recession in this year's second and third quarters.

Economic and financial uncertainty has slowed Canadian housing activity, particularly in the GTA and GVA. However, the increased inventory of unsold homes in much of the country has driven down prices. This creates a buying opportunity for many would-be purchasers.

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