New property listed in 224 - Heritage Park/Rosemount, 2 - Kitchener East

I have listed a new property at 1151 Victoria Street N in Kitchener. See details here

Picture your future business in this prime location on Victoria Street North! Nestled in a prominent area, this property boasts of inviting decor and sets the perfect ambiance for a multitude of business ventures. With a total of 1,616 square feet, it features a tastefully decorated main open space, a kitchen or storage area, 2 convenient washrooms, a serving/preparation area, and ample free parking outside. Take advantage of the attractive lease with over 4 years remaining and an option for extension. This versitile space suits various business types: from Cafes, Bakeries, and Smoothie Bars to Sandwich Shops, Charcuterie Venues and so much more (excluding any businesses that might require frying). Chattels for a cafe set up are open for negotiation. The main area accommodates seating for over 40 patrons or could be transformed into a Yoga Studio, Photography Studio, Book Store, Flower Shop, Candy Shop, and various other businesses. The options are endless in this well appointed unit! Contact us to schedule a private showing today.


Bank of Canada Holds Policy Rate at 5% in Final Announcement of 2023


The Bank of Canada decided to maintain its target for the overnight lending rate at 5%. This was its third consecutive hold after two interest rate hikes over the summer.

In its latest scheduled interest rate announcement on December 6, 2023, the Bank cited growing evidence that higher interest rates are restraining spending, slowing economic growth, and helping to ease labour markets, suggesting that the economy may no longer be in excess demand.

The slowdown in economic activity is also helping to relieve inflationary pressures in a broad range of goods and services, with the Bank’s preferred measure of core inflation coming in around 3.5-4% in recent months. Despite this, the Bank noted that housing price inflation continues to grow, reflecting more rapid growth in rent and other housing-related costs along with the continued contribution from higher mortgage interest costs.

With further signs that monetary policy is moderating spending and relieving price pressures, the Bank is still concerned about risks to the outlook for inflation and remains prepared to hike rates further if necessary.

The Bank of Canada’s next scheduled interest rate announcement will be on January 24, 2024, at which time it will also publish its full outlook for the economy and inflation in its Monetary Policy Report.