Real Estate Spotlight | Engel & Völkers

BANK OF CANADA ANNOUNCES THIRD CONSECUTIVE POLICY RATE CUT

"The Bank of Canada reduced its target once again for the overnight lending rate from 4.5% to 4.25%. The move was announced on Wednesday, September 4, and was widely expected by financial markets, making it the Bank’s third rate reduction since the onset of the pandemic.

Canada’s economy picked up in the second quarter of 2024, according to the Bank of Canada, although early indicators show a softening in economic activity. The Bank also stated the labour market continues to slow.

The Bank of Canada continues to focus on elevated housing costs as a significant contributor to inflation; however, it also mentioned both headline and core measures of inflation have moderated and are close to historical norms.

Although excess supply in the economy is helping to lower inflation, the Bank is also monitoring housing and services costs that are pulling inflation in the opposite direction. The Bank stated future monetary policy decisions "will be guided by incoming information" and its assessment of whether further rate cuts are necessary to keep inflation in check.

The Bank of Canada will make its next scheduled interest rate announcement on Wednesday, October 23, and will publish its full outlook for the economy and inflation in its next Monetary Policy Report at that time." (source)

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EXPLORE THE LATEST ISSUE OF PRIVATE RESIDENCES

As the season changes, it's the perfect time to explore new opportunities in luxury real estate. We're excited to share the latest edition of Engel & Völkers’ Private Residences, our digital magazine that showcases a carefully curated selection of extraordinary properties across the Americas.

Whether you're looking for a fresh start this fall or simply exploring your next investment, Private Residences provides exclusive insights and access to the finest luxury properties available.

We invite you to explore these exceptional listings and more in the latest edition of Private Residences.

Explore the issue

CRAFT A COZY TRANSITION INTO FALL

As summer winds down, vibrant hues fade into the warm, rich tones of fall, creating the perfect time to transition your home into a cozy space. Seasonal interior design and home improvement upgrades can make your home a welcoming place for the cooler months.

Explore tips to help seamlessly transition your home for fall.

FROM SCREEN TO REALITY: LIVE LIKE EMILY IN PARIS

Paris is known for its elegance, culture, and charm, and in 2024, the City of Light is captivating the world in new ways. With the city hosting the Olympic Games and the immense popularity of Netflix's Emily in Paris, a global fascination with Parisian life has taken center stage.

Inspired by the show’s picturesque settings, we're proud to present an exclusive selection of properties that let you live the Parisian dream. Whether you’re drawn to a charming rooftop apartment or an elegant home with a view of the Eiffel Tower, these residences are sure to help romanticize your life.

Explore our featured properties, each embodying the magic of Parisian living as seen on screen.

TRADITION MEETS INNOVATIONS WITH GG MAGAZINE

We're thrilled to introduce the latest issue of GG Magazine, dedicated to the theme of "Tradition and Innovation." In this edition, we celebrate the remarkable individuals and brands that blend time-honored practices with cutting-edge advances to create something truly exceptional.

From Toni Garrn's journey in redefining luxury fashion with her meaning? pre-loved fashion platform to the rich legacy of German craftsmanship and design, this edition offers an inspiring glimpse into how the old and new can beautifully coexist to create something truly exceptional.

Pick up your copy of GG Magazine at your local Engel & Völkers shop, or read more by clicking the button below.