Hope the holidays treated everyone well and Santa brought a couple things from your wish list! It was a green Christmas around Grand Bend for a change but old man winter reminded us he still exists with some snowfall over the past few days.
We want to give a huge thank you to all our clients that put their trust in us to assist them in buying or selling this past year! We take great pride in helping clients achieve their goals and dreams!
Doug & Jeannette got lots of hugs over the holidays from their three grandkids, Chesney, Chloe & Charlotte! Check them out below.
As you may all know it seems the start of 2022 looks a lot like 2021 with the restrictions from government being put back in place. Today is the last day for indoor dining so to give our fantastic entrepreneurs a little boost I would encourage you to go eat at your local favourite spot so that they know they are appreciated. Dine in or take out ... we need to support our local restaurants and the fantastic team of employees that work in these establishments!
We are never far from our phones if you want to discuss the market so feel free to call us anytime at 519-238-5700.
Bank Of Canada Projects Mid-2022 Interest Rate Increase
The Bank Of Canada has announced that it is maintaining its record-low key interest rate at 0.25%, where it has remained since March of 2020. The global economic recovery continues following the impacts of COVID-19, being led by consumption. However, some regions are starting to see a moderation following a strong Q3. Inflation rates continue to rise in many countries, including Canada, which the Bank attributed to high demand for goods coupled with ongoing supply-chain issues. The Bank said it expects elevated inflation to persist through the first half of 2022, and is anticipated to ease back to two per cent in the latter half of the year.
The new Omicron variant has resulted in stricter travel restrictions in many countries, a drop in oil prices, and renewed sentiments of uncertainty.
The Bank reiterated its expectation for an interest rate hike in the second or third quarter of 2022.
New Ontario Government Policies To Look Into For Your Benefit
The Ontario Government has come out with a couple new policies that can help a couple different groups of people.
The first one is Ontario's new staycation tax credit. The temporary Ontario Staycation Tax Credit for 2022 aims to encourage Ontario families to explore the province, while helping the tourism and hospitality sectors recover from the financial impacts of the COVID-19covid 19 pandemic. Ontario residents can claim 20% of their eligible 2022 accommodation expenses, for example, for a stay at a hotel, cottage or campground, when filing their personal Income Tax and Benefit Return for 2022. You can claim eligible expenses of up to $1,000 as an individual or $2,000 if you have a spouse, common-law partner or eligible children, to get back up to $200 as an individual or $400 as a family. The credit will provide an estimated $270 million in support to about 1.85 million Ontario families.
The second one is a rebate program for the most vulnerable of business due to the pandemic. Through the new Ontario Business Costs Rebate Program, eligible businesses will receive rebate payments equivalent to 50 per cent of the property tax and energy costs they incur while subject to the current capacity limits. This will provide support to businesses that are expected to be most impacted financially by the requirement to reduce capacity to 50 per cent. Examples of businesses that will be eligible for the Ontario Business Costs Rebate Program include restaurants, smaller retail stores and gyms. A full list of eligible business types will be made available through a program guide in mid-January 2022.
Deciding to start a family is an exciting time — and so is searching for a new family friendly home. Look for the following features when home hunting, to ensure your new digs accommodate all its residents, big and small.
Looking to move outside of the area and not sure who to call? As always call The PEDLAR Team with any of your real estate needs! We are closely connected with a group of realtors that cover Southwestern Ontario. Along with our involvement in the Re/MAX community we are sure to line you up with a trusted knowledgeable real estate agent to make your plans a reality anywhere in North America, or the world for that matter because Re/MAX is global!
It is the hope that this card will encourage you to choose local businesses, more often. They've been quietly adding new businesses, new offers and TWICE as many draws! As lovers of Grand Bend, we need to stick together and keep our businesses OPEN. These Local businesses who are unable to provide specific offers, have stepped up to help provide MORE CARDHOLDER Draws! More Draws = More Winning & More Local Spending. Let's support them, for all they do to support our community.
The municipality of Lambton Shores is starting a new initiative of making municipality information easier to find out. Check the link out and see what things you didn't know about this awesome municipality.
A new initiative started by the Lambton County & Huron County Economic Development groups was uploaded recently. They each created a virtual mapping website to show all the businesses and store fronts across the counties. These were created as an idea during COVID and will become a great tool for locals and tourists alike after COVID. Any business can be posted in the respective area if you go to the proper link below for each county.
Have a great day everyone and don't forget to check out our social media sites like youtube, facebook, twitter and our website to stay up to date on all the latest listings. You can find the links to these various social media outlets above our information below. See the benefits of using a high quality drone and camera for videos and pictures to add content to each listing. GIVE US A LIKE ON OUR FACEBOOK PAGE BY CLICKING THE ICON BELOW!
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